So true. I believe the "agreement" Jack was referring to was for him to stay away. He has been banned several times under different aliases already :eek:
LOL!!! What's amazing is that you're eagerly defending something you admittedly don't understand to ingratiate yourself to Hershey and his followers in the delusional hope that they'll let you in on their "secret." http://www.elitetrader.com/vb/showthread.php?s=&postid=1947135#post1947135 http://www.elitetrader.com/vb/showthread.php?s=&postid=1940582#post1940582
There is no secret - everything has been laid out in the open and reiterated multiple times. There is nothing that needs to be defended. Ideas are proved just like these ideas have been proved to be true over and over again. Ideology is defended messing with other people brains. You, IQ28 with all of his aliases, hypostomus with all of his personalities, TZ/rcanfiel, bighog et al - a handful of individuals that turned ET into ideological pissing contest, instead of it being a collaboration among thinking people sharing ideas. A handful of individuals who are incapable of having ideas, all you have is your ideology.
Confusion is a healthy byproduct of a thought process naturally occurring when one's brain is working on a problem. From Richard Feynman: When you're thinking about something you don't understand you get this terrible unhappy feeling called confusion. You can't penetrate this thing and most of the time you feel rather unhappy with this confusion. And the reason for this confusion is that we're all some kind of apes trying to reach the banana - and we can't quite make it. And I feel like this all the time. I'm some kind of ape trying to put two sticks together and I always feel stupid. But sometimes the sticks go together and I reach the banana.
It's the same symptom he suffers from in trading and the reason he cannot become profitable.. a lack of discipline
Just so you know, I have no problem with ANY method that can make you money. If someone can get it to work that is fine by me. Personally, just trying to read any of that gibberish is not worth my time no matter how successful a trading method it could be, but hey, to each his own. My biggest problem is the 3*ATR EVERY DAY. If you even believe it is possible then you still believe in Santa Claus. Put some math to it and you will come to the realization that no fat ass is going to be sliding down your chimney later this year. The atr of ES is anywhere from 15-35 so let's use 20 as an average. That would be 60 points or 3000 dollars per contract per day. Now Jack talks about trading hundreds of contracts at a time. That would make it at least 300,000 per day. If that were the case he would own a few countries,and could allow all of his followers to drink FREE koolaid for the rest of their lives. Hell just trading 10 contracts would be 30,000 per day. So when you say people have been doing it successfully for 3 years they need to show you the 20 million dollars they made.
LOL!!! How incredibly ironic and naive of you to say this. Nothing to be defended? My ideology? Jack claims to regularly make 3X daily range in ES, yet always squirms out of proving it. Jack is the undisputed king of ideology on ET and continually spouts off about his "pool extraction paradigm" and its alleged superiority to the "conventional wisdom," yet he did -24% in a trading contest. Jack is the one who published a paper called "Catch Up With Tomorrow's Paper Today" yet the central theme fails miserably when backtested...
Please publish. Try to get the whole package on the table and Vikana will be helping you. He volumteered yesterday.
At the time of this writing, 54 respondents, representing almost a quarter of those who participated, believe that capturing 3 times the ATR every day is possible. I wonder how many aliases were at play. Regardless, I am in awe of the stupidity that resides at ET. Curiously, even Jack's principal adherent, Spydertrader, does not appear to believe the 3X ATR nonsense, and he's everyone's go-to guy for SCT. I suppose that these 54 respondents have bypassed Jack's mortal son to kneel directly at His alter.