Jack is into extraction. Ever' day I see him an' 'is crew, out with metal detectors, in a dry riverbed, lookin' for scrap.
Those are the words of the group you just joined. When I said there is a broad filter I meant it. Another aspect of the filter is that it is quick to see what the person who elected out has as a reasoning basis. For myself and the other practitioners, we were able to make the adjustment to what the performance levels are and then that success is what establishes the support, comfort and confidence. Take it easy as the expression goes. Have fun too.
How dare you speak to Jack like that! He answered your question but you're so brainwashed by the conventional orthodoxy that you can't even see his answer which is staring you in the face. As Jack says: "In trading, I do not use the THEM paradigm which is the conventional orthodoxy. The US paradigm is a pool extraction paradigm. Neither paradigm can be used as a test of the other's paradigm." You're obviously one of THEM. Good luck to you. Eagerly Awaiting His Continued Tutelage, Pool Extraction Paradigm Fan Club
For your information it's more like this (quote from Jack): "Entry/exit is like a bird pecking water out of a bird bath. pool extraction is like emptying the pool of the bird bath water by using a valve and running the valve all the time." So in reality YOU are the one who will be left high and dry! Eagerly Awaiting His Continued Tutelage, Pool Extraction Paradigm Fan Club
Even if Jack did provide proof, you wouldn't be capable of understanding it so why bother? Because as Jack says: "In ET it is not going to be possible to post PnL's that are relatable to people who are in the conventional box by people operating in the pool extraction paradigm." Eagerly Awaiting His Continued Tutelage, Pool Extraction Paradigm Fan Club