Well,at least your AGW nonsense is dying a death (www.wattsupwiththat.com ).I expect you know Maurice Strong very well.The person in the street understands economics from their everyday life.Once people know the Big Government 'Money' trick,I assure you they will never be fooled again.
Who really has a problem and is out of control, Jack? You, who makes delusional claims like this: http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447 ... when in reality you LOST 24% in a trading contest and tried to BS your way out of it? http://groups.google.com/group/misc...a927db8ba840?hl=en&lnk=st&q=hershey+loses+24# Or me, who points these discrepancies out when you troll for newbies to play pied piper with as you've done on the internet for over a decade?
Who really has a problem and is out of control, Jack? You, who posts drivel like this: For a while I participated with a multidisciplinary team at a learning hospital at the invitation of my psychiatrist who is also a Native American shaman. http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191 Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind. http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468 This is THE place in THE world to be when I post. If you are so stupid to not have 3m micorpore tape to tape your mouth shut, then use the stupid person's painful type tape. http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426 what distinguishes me from Forbes 400 people is that they are greedy and selfish and I am not http://www.elitetrader.com/vb/showthread.php?s=&postid=2610703#post2610703 Or me, who points it out?
Jack, is your memory that bad or are you lying? First, I never tested your (probably worthless) "one pager." Second, as I've told you MANY times... I didn't backtest something I made up and there's nothing mistaken about it. I tested YOUR concept as outlined in YOUR paper, Catch Up With Tomorrow's Paper Today (attached). More specifically, I tested buying YOUR "0 to 7 turn" (see page 8) and exiting 5 days later on 1000 stocks from 2000 to 2005 -- a total of 5000 stock-years -- using spydertrader's code for scoring and got the equity curve below. And if you think that over 23K trades isn't significant, you're even more far gone than I'd thought.
It depends on your definition of intuition. The intuition of a new trader is most likely a total guess while the intuition of a 20 year pro is probably based more on actual events mixed with past experience. If you are a new trader, I would advise you to never use your "intuition"
A test of 23,000 trades tells a great deal about enter with criteria and exiting with a criteria. The graph clerly shows how much money you lost by looking at the last entry on the graph on the money axis. Everyone reading the graph can divide the x axis last value by the last y axis value. An average results. What does that average represent? Well compare it to the average cost of a trade tound trip using 2002 to 2005 average costs. There was also some capital involved; that adds greatly to what the value of 23,000 means. Many of the rades counld be, additionally, weighted with more importance because many more round lots were done with some of your trades. As you lost capital on the trades there was less capital to trade. Is anyone in ET able to read the importance of your chart? ET is not moderated with respect the the substantive quality of posts. We know that because you are allowed to post the above with immunity with respect to intellectual content. So you prove that you do not know what statistical significance is. How many times to you need to let the world know this? Is there anyone who can't recognise that losing 20 dollars on a round lot it not a significant loss? You didn't lose 20 dollars average on a round lot. You traded many times that number of round lots over those years with those 1,000 stocks. Since you didn't back test the "one pager", you can't comment upon it. That is important to me. Have you ever tested any other trading approaches? If so please don't post your results; they may be only as good as the one back test you keep posting. I'm not the one who can explain to you personally how statisitcal significance is determined for your test. It is NOT determined by the number (23,000) required to exhaust a portion of 500,000 dollars over several years at an average of 20 dollars a pop. The result of using PVT as an ATS with a real proper universe over 6 months with real streams of captial, is being able to retire. The hold period was about 8.8 days and the net was about 11.1% per trade. I may have quoted 6.6 days previously once. What retire means is having the means to not have a job and not having to trade every day but when you feel like it. In the case sighted it also mean being able to trqvel and do travel with a custom built freightliner towing a custom built trailer and still have and maintain a home on the coast in California. I and others have explained a lot of stuff to you over the years. You seem to be a little slow on the uptake and particularly slow on understanding how to do statistically significant back testing. Keep it up you are a great example to others. You may want to give a reas to a book entilted "How to Lie with Statisitcs". The normal reading assignment is a chapter a day and turning in 5 examples related to the chapter from local and current publications. See if you can find out what chapters you are transgressing. in the process.
You're a pompous phony and your zero content "rebuttal" and personal attacks don't change the fact that YOUR "method" is worthless. If one tests buying your "0 to 7 turn" using the parameters I used (above), they'll find that the signals are frequent and indiscriminate and the average trade is approximately equal to transaction costs. Time exits isolate the quality of your "0 to 7 turns" as entries, and almost 24,000 trades on 1000 stocks over a 5 year period containing bull, bear and sideways markets is broad based. If one takes the trades from your "method" and compares them to trades from random entries of the same frequency on the same stocks over the same period with all other parameters the same (e.g. time exits, transaction costs, position size, etc.), they'll find that the two groups of trades are statistically indistinguishable. Meaning, your "method" is no better than flipping a coin. On the other hand... if one tests a profitable entry method (below) on the same stocks over the same period with the same parameters and compares those trades with trades generated from random entries but with all else the same, the differences between the two groups are statistically off the charts. You might not grasp this because you've apparently never seen a profitable system, but that doesn't change the realities of the real world outside of your head. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2715590>
Speaking of being allowed to post with immunity and without regard for content, your claims (like this and routinely making 3X daily range in ES) set the standard on ET.