This is about 2 different ways of looking at the trading process. At one point- it took me quite a few years- you might get to where you really want to understand how price moves and how you can tell in advance where it is most likely to move. Then you might stumble across some people who can read price like a book (and I just KNOW JH is one of them, even though I learned it from another person), look at the market again and again and again, and, if you are lucky, suddenly you have an "Aha!" experience. That is all that counts- this "Aha" experience. Suddenly, you see a pattern in the way the market moves and you see that it can not do otherwise.. it is like these images that flip and reveal another image. And that stage is LIGHT YEARS ahead from the people that say "you can make money with 50% wins if you use money management"(a la Van Tharp) or people who try to use statistical edges arrived at by backtesting (the second way). It does not mean yet that you consistently make money, but you are treading on the right path at last. The problem is that until you actually "see" it, you have to fly blind on faith, and it is completely normal to strongly believe that this other way does not exist.. after all, you have all the years of "experience"proving it doesn't..... the funny thing seems that some people spend hours and hours posting as to why it can't be true, but at the same time insist that they will not spend the time to see if a method works unless shown verifiable proof...
Please be advised that I am not specifically looking for anything. Rather, I am observing. Thus far, I have observed Jack make outrageous and unsubstantiated claims. How easy it would be for him to put me in my place with verifiable performance records! I would be the laughing stock of ET. If only. I have also observed, based on the poll results thus far, that success, if any, seems to have more to do with the trader himself rather than anything Jack has to say. And yet, I have observed Jack ridicule anyone who does not fall into line. He is quite the verbal disciplinarian. I have observed other people support Jack and his claims, and yet, thus far, I have not observed their verifiable performance results either. It seems that his devotees will stand behind him only so far. Curiously, all the bluster truncates at exactly the same point. You speak of the need to fly blind on faith. I don't think so. There are many ways to trade. Spyder rather selflessly teaches people a couple of such ways. I am genuinely impressed by his dedication, but I find the little I have read out of curiosity to be a bit too (unnecessarily?) complicated for my taste. However, if someone could verify Jack's performance claims I, and no doubt countless others, would worship at the Alter of Jack and do His bidding in the markets. Until then, I will stick with my own humble, and considerably simpler, method, and continue to make observations as I see fit. Jack demands that you have and show some faith. Only then will you be entitled to roam the enchanted garden at his side. Not unlike God. Imagine my predicament since I don't believe in either one.
Vienna. "Suddenly, you see a pattern in the way the market moves and you see that it can not do otherwise." Please do not say another word. ET doesn't deserve that secret. Mike.
I am also unsubscribing from this thread. What exactly has Jack done that is so bad. Has he put a gun to your heads so you would read his work? Obviuosly not, so what's the big deal. A writer is free to write in which ever manner he wants, and the people who decide to read, do so at their own risk. If they don't like what they are reading they don't have to read it ! He is also a very generous person, unlike ALL the ones here who badmouth him. Jack is a genius, and you guys are all very envious. That is the real truth. Adieu...
Just to test the waters, what do you think about these apples here. Maybe you weren't one in the 2000+ people who decided to take a look. Longer then a year? CHECK! EEEK!
On the face of it, Spyder's performance is quite impressive, and he has every reason to be proud of his results. However, you will note that this performance, as good as it is, is a far cry from what Jack has been touting. Further, the records are simply a spreadsheet. I have no reason to doubt Spyder's integrity, however, anyone can construct a spreadsheet, either before, during or after the fact. The process of due diligence is a bit more involved. And while I would in no way cast aspersions on the veracity of these numbers, I prefer the diplomatic approach of trust but verify. In any event, let us accept Spyder's performance numbers as presented. As I wrote in a prior post, Spyder is teaching a few methods of trading, and I'm sure he has a grateful following. But I remain content with my own method. However, show me the kind of performance that Jack is alluding to, and I will drop everything else and follow. But that is not the point of this thread, is it?
Oh please, spare us your BS Thunderdog. Vienna posted an absolutely fantastic post and this is your response "i'm not looking for a method, blah blah blah". You missed the point completely. And, if you are truly HAPPY with your method than why do you spend so much time and energy responding to posts concerning SCT or starting threads like this one with a poll? Get off your high horse man, for gods sake. There is NO SHAME in searching for better answers but there is a great deal of SHAME in acting like you already have them when you clearly do not. One min you are curious about peoples performances with the method and the next min you're all like "well, i already have a method, i dont need any help". I can see right through you for what you really are. You are an intellectual, a very smart guy who knows how to make some money in the mkts but certainly not breaking the bank. This annoys you somewhat b/c you are a very intelligent person and figure you should be able to be killing it. Well....heres a news flash.....you probably have a higher IQ than me but I DEFINITELY trump you in trading and you know why.....? Because I understand the importance of keeping an open mind and am always looking to learn something to improve my trading. And, if that means reading some great material and putting some faith into it once I see potential, then so be it. You dont get rich in life by resting on your laurels. There is NO REASON to reinvent the wheel! And that goes for the rest of you goons who dont know how to expand your horizons. It reminds me of those 3D pictures that you have to stare deep in to, to see the picture. On the surface, it looked like nothing but look into the pic and the 3d image appears. Some people just could not do them and thought they were a load of crap. Once you know "how" to see them its plain as day and you can see them from that point forward.