MOD! Have you deleted Grob's post from last night? If so, why? This is a forum, not a one-sided discussion. I don't get why discretion is used when NOT needed and not used when needed...
OKAY I GET IT. I did a search. Grob109 as to my request for a live demonstration I guess this comment from a former student who watched you "trade" live in a paltalk room pretty well sums it all up. http://www.elitetrader.com/vb/showt...920&highlight=paltalk+jack+hershey#post444920 from the thread "Jack Hershey Trading" reiehaxm said: in this thread (http://www.elitetrader.com/vb/showt...920&highlight=paltalk+jack+hershey#post444920)he also said:
Thanks for your effort. Different people spend different amounts of time coming to the conclusion of what is right for them. Here you see yourself, Merchant, the people you found doing something different. What are the members of this group doing? Well, they are finding out that what I espouse is not for them. They are looking a possibility and eliminating it. It is possible that they will use this intellectual approach repeatedly. They will become very skilled in knowing almost perfectly what they do not want. My style of supporting others in their learning is chosen for a particular reason. I go to where the person is and then make an effort to support what is there to learn for that person. They may want to progress and learn. I may not get the correct handle on the situation and actually turn out to be helpful. Take the applied mathemation who has my number (quaint thought) and look at the edges he has found when I post about continuous relationship with the market and sharing responsibilities. Obviously I can't get to the higher ground he occupies, ever; I have to shift to edges to relate to him. I will most likely fail because the ID'ing of edges in a serail process precludes ID'ing the exit at the time of the entry. Going further, it is likely that one edge entry can have a set of possible graded successful exits. This just drives me one more time to seamless continuous trading. The Wiz books are full of these and I find comfort in that. So we are different types you and I. I have spent about 50 years comng to my way of partnering with the market; You were able from a cold start to quash my stuff and sum it up in a few days by doing your research. Obviously, you are an expert at assessing what won't work. In dealing with opportunities (or problems) I prefer my route of building what works, apparently just for me, by iteratively refining and building upon things that are true and work. There is a thread on best books on daytrading. I admit that I am not well informed as a consequence of reading the thread. So I thought about it. Pick up a book by each of the following: Idries Shah, Susanna Ehdin, A,. M. Krasner. Get the pair of books by Buckingham and Clifton (co authors). As you knock them off let us know what others who dissagree with them have to say. Focus on their failure to perceive what their students think is wrong with what they have contributed to their respective fields. two books
mak I guess I must be a greedy, selfish sob because it is totally beyond me how someone who finds something that works well in the markets as you and prof say you have done would spell it out for the whole world to see. There is a lot of money out there constantly searching for these things and I would think they would be all over it like flies on stink. Ive always been suprized by Jacks willingness to share but I really dont think what he does is codeable whereas what you and Prof are talking about would seem to be easily copied.
Easy. It's weird for one thing or another. I'll go out on a limb but I reckon Grob/Prof see ET as a community. Just like any other community, needy communities will attract the attention from those who can provide community service and do a whole heck of alot of good. At some point, you see alot of needy people here in these forums. ALOT, I can see this from the myriad of PMs I get. Thus, ET can be seen as a huge community service project. The community here is 35k+. How many community service programs are here? You will find nearly none. How many leaders are here offering community service (which is always FREE). Even fewer. Your rational is a simplex of the prevalent edge syndrome. I used to be on both sides of the fence, edge/non-edge and was failing to realize that there was a non-edge sector. I really haven't spelled out anything. I just color in some context. Then individuals have to take over from there otherwise you'll never be able to fish for yourself... I don't claim to be an expert in any of this, just stating what my beliefs are built around. Prob just a result of spending too much time critically thinking. It's giving me the edge in my dayjob and this is usually because most employees opt to be lazy. Apparently, trading is similar. The laziest is to just find some magical number that works a majority of the time (ie. fib). Rarely do people inquire, even fewer inquire to themselves or to someone who can show you the precise flaws in what you are attempting to understand... Not being open-minded doesn't help either. Also what Prof does is objective, what I am doing is discretionary. You see my chart that I posted elsewhere yesterday in a different thread. It is weak discretionary for reasons that have been screamed to me over and over again, but have only recently understood. I am trying to map specific points where one is stronger than the other and vice versa.