Fair enough. Your POLL is for who trades the method(s) etc. If Spyder's prints don't cleanly pass your sniff test, then the more grandiose looking stuff will be even more upsetting. However, you are right, if you are making money, that is fine too. Stick to what you do as I'm sure others will stick to what they do... Regards, MAK
Actually, it isn't that impressive given what I know now but did not know then. In fact, a number of people (who prefer to lurk and read rather than post) perform at a superior level to those results. Those who have fully automated the process (and do post on ET) also experience superior results to mine from Journal I. Many others (who have only traded for a year or less) currently experience profits greater than I posted nearly 3 years ago. I point this out not as an attempt to convince anyone to follow along, but rather, to show the effect of perspective on the results themselves. One person's amazing, astonishing, impressive (or even delusional results), represent below average performance to another. To be clear, one should not view my efforts, in this thread and elsewhere with respect to Jack's methods, as an attempt to convince anyone to follow along. I intended simply to correct some significant misinformation which seems to always creep into these discussions. If anyone fails to find value in anything I post, I have no problem with such a viewpoint. Vienna hit the nail right on the head in an earlier comment to this thread. It is what it is folks, no more; no less. If anyone still needs a confirming signal, one need look no further than the comments which followed as authored by hypostomus. Good Trading to you all. - Spydertrader
To me, and thats only me speaking here, this is one of the best posts I've read on ET since I signed up here. Simple yet very powerful (again, just to me). Thanks Vienna!
So Steve, would you recommend that all newbies to ET should try Jack's methods? It seems that's what you're saying but I'm not sure. I'm also interested to know if you believe that he achieves his earlier stated profit goals? And if others following him will also do so?
I'm not making any recommendations for people to do anything. I know some people will naturally find their way to things if they are curious (like I did). Like I said before in another thread I think, I started off spending a full weekend reading some stuff and that led to more reading as things started to make more sense and before I knew it I was doing all the work and drills and seeing exactly what I should see. But....the method requires a GREAT deal of work and, for at least 1 1/2 months, I felt a bit lost while at the same time pretty comfortable as I could see myself being able to fully comprehend things as more time passed. I am not a get rich quick type guy, never have been so I didnt worry myself with the work involved. As long as I saw value and progress at every stage, I felt no need to stop and question things. I took the same approach in equities, I was always "mr slow and steady" as the guys in the office used to say. But to be honest, I dont recommend it unless you are the type of person that would be willing to spend at least 2-3 full days (at least 8 hrs a day) of reading on complete blind faith and possibly getting nothing out of it. If you need concrete #'s or backtests or whatever else as proof, I do not recommend reading the thread. Chances are, this type of person wont find much value. But to each his own, thats just what I have done.
Wow - how lame is this shit? This was most definitely copied and pasted from an earlier post in another thread from the SPM Master. I know this quite assuredly as it struck me as very witty at the time (although it didn't deter my Jackalonian studies one friggin iota), and I started to use the 'mental masturbation' phrase with my internet trading buddy. I will not bother to search it out - I could care less. Besides, this horse is so dead that the buzzards aren't even interested anymore. It's already been aptly stated here - who the hell owes anyone any kind of proof before the latter devote their precious time to dig into some possibly rewarding excursions within a new paradigm. It's all so sad, one can only chuckle, and go about his business of amazing himself at the trading terminal. - ( Jackslammers)- Don't let anyone plug ya from behind - its quite treacherous out here ...
reading this thread, i have come across such words as "belief" and "faith". these words have no place in a proper discussion on trading. is jack's method testable, can the scientific method be properly applied to it, and if so what are the results of said tests? bottom line, thats all that matters. platitudes, unsubstaniated, untestable claims, and folk tales mean nothing in the cold, hard world of markets. regards, surf
Optiontrader says Jack is a genius. funny This is almost as much fun as looking for WMD's in a desert. .. marketsurfer is once again showing he is master of his fantasy world. Marketsurfer of all nerds you would think a member of the flock. I am always amazed the lengths some will set aside "intellectual reality" to follow anything in search for riches. Is it any wonder con men have always been around and always will be?
When I spoke of the need to "fly on blind faith" I was not referring to faith in a guru (or JH or whoever), but to faith in one's own ability to actually discover the way markets move and to invest the patience required to see for oneself if a certain person has somethng to say or not. There seem to be true believers in the impossibility that such a path even exists in this thread