ProfLogic method - trading statement

Discussion in 'Chit Chat' started by benysl, Feb 13, 2006.

  1. My las post was zapped by Magna, who felt that I was advertising for Prof.

    So, I will rephrase my statement.

    Prof has traded on Ventrillo live in the past. I do not know if he still does that.

    I understand that Prof made a challenge and then backed out. I have also seen that surfer felt that he did not have time to go to Florida.

    Well, if someone challenges me to a title fight then I get to pick the venue, correct?

    And if my challenger says that the venue is too far, then that would insinuate that he was never really willing to fight me, right?

    I am just asking questions, here......

    Is that better, Magna?
    :D

    Best Regards
    Oddi
     
    #71     Feb 16, 2006
  2. there appears to be a little misunderstanding in the last severa; entries on this thread. one must keep in mind, this has nothing to do with my ability as a trader( although the professor attempts to spin it this way) i make no claims here or anywhere about returns or trade accuracy. the good professor makes what i and many others consider outrageous claims of accuracy on his website.

    it would seem to me that the proof falls squarely on the good professor to prove his fantastic claims-- which, by the way--- if true would elevate him to one of, if not the greatest trader who has ever walked on this planet......


    best wishes,

    surfer
     
    #72     Feb 16, 2006
  3. I guess you will have to hear it from Hombre because that is the only way you will ever know.
     
    #73     Feb 16, 2006
  4. Okay, that is fair.

    The accuracy thing has come up before,
    among traders in other venues..

    I believe Prof said that the entries posted are set ups that occured, during that time it was in the ES. Not all of these set ups were traded.

    So I personally do not think the claim is that he is accurate 89% of the time, as there is set number of points to be made each day. After that, you quit.

    The problem with making trades on the internet is that it is very difficult to make trades, then post. You cannot see him click the mouse.

    Many of these bridges have been crossed in another venue. I am merely reporting what happened in them.

    Best Regards
    Oddi
     
    #74     Feb 16, 2006
  5. give us a break. there is no way prof would go through this kind of grief about his record and still refuse to put up any proof if he actually had anything good to show. he is just here fishing for newbees. its our duty to warn them.

     
    #75     Feb 16, 2006
  6. I offered to give marketsurfer first hand information to show him in detail what I do and to apply it in front of him but he's too busy. He would rather judge from the outside then have someone prove his belief system wrong first hand. I believe that first hand information is better than some potentially altered document.

    And sorry to disappoint you but I only have two classes left before I retire and one is full and the other is on the far side of the earth. I committed to a year of travel and classes and that year is up in May. There is more money in trading than teaching. Less stress & headaches as well dealing with closed minded individuals too.

    As Charlie Dow I've never mentioned who I am, my website, never responded to any PM's with that info nor never mentioned what I do. Of course those with a total lack of common sense WOULD find that fishing. As ProfLogic my last post was over 7 months ago.

    You offered to come since you were in Orlando I think. I might have offered you a free spot if you wouldn't have been such a closed minded jerk and would more than likely have been a disturbance to the others there to learn. There will be people there from all over the world and most are there by referral. All are there to learn. I teach a self-verifying method of trading not pattern recognition or a "trust me" method that everyone else spews. You wouldn't know or understand that because you know no other way to trade and are not open to looking at anything not contained in your small little box.

    What I teach could be the most off the wall ridiculous garbage on the face of the earth but you will never know because you are scared to look at it. Scared of what you might see. Scared it might be something you don't want it to be. Scared it may work. If it's garbage by looking at it and assessing it, you could tell the whole world . . . I saw it and it was horse shit, so why not just look at it to make an intelligent informed decision. Because that would be too hard. It is much easy to blindly say it is crap without even knowing what it is.

    I get a real hoot out of the individuals that say, "100% profitability is delusional". Hell, I would too because that is not what I have ever said. Of course you can take things out of context and make the words say anything you want. What I have always maintained is that everytime a trader makes a decision to trade he needs to be 100% confident that the trade he or she is taking is 100% correct in their assessment of the Market at that particular moment. The only way a trader can KNOW their trade decisions are always right is to look at what happens in price movement that is consistent. And let me tell you there are perfect consistencies in price movement. My responsibility is to simply show you those consistencies, a trader's responsibility is to watch the Market from that point on to learn to see where and when those consistencies manifest themselves. By watching them develop a trader learns to trust his own eyes not what ANYONE tells him to look for or Fib calculations that work SOMETIMES or Elliott wave crap that works SOMETIMES or Gann crap that works SOMETIMES . . . not even ME. He can see for himself what happens in price ALL OF THE TIME.

    It is near impossible for anyone to be correct in their trading outcomes 100% of the time. It IS possible that a person's trading DECISIONS can come very near 100% accuracy though. Even if a person's trading DECISIONS are 100% accurate (based on the CONFIRMED direction the Market is going at any given moment) that doesn't mean they will be profitable 100% of the time. If the Market begins to consolidate immediately after entering a trade, the potential of a small loss exits but when you assess the Market from strict parameters, you will realize the Markets only unmanageably consolidate about 10% of the time. These again are things a traders verifies for themselves. It is nothing they blindly "trust" from being told by someone else.

    Over the last couple of years hanging out in this and other forums a number of individuals have picked up information from me that has helped them add consistency to their trading. Others have weakly and loosely tried to learn it but due to either not strictly applying what I've showed them or adding stuff to it, their outcomes have been less than they had wanted or expected. Which is understandable and let me explain.

    I teach a trader to "View" the perfect consistencies of price movement and then make trading decisions based on that consistency. It takes months of watching the Markets to see and TRUST those consistencies in order to be able to make trading decision on them that will be as consistent. If a trader adds studies or parameters to their charts the consistencies will disappear in the clutter. The focus on the simplicity is lost. The other problem is "Impatience". A trader will try to trade those consistencies a week or two after being told watch to look for. They will have little or no experience in seeing what they need to look for and no confidence in those occurrences happening either. The outcome of their attempts at immediate application are sheer failure. In either case they immediate assess that what I teach doesn't work and I am an idiot instead of doing their due diligence at following my directions to patiently watch the Market over a few months to develop the confident that screen time and consistency will give them. Traders are their own worst enemy and they don't understand why.

    Bottomline is that those of you that are closed minded are never going to see the vast expanse of information & knowledge potentially available to you and such is life. Those of you that are open to new ideas will look at everything and absorb that which is viable & makes sense and discard that which is ridiculous, inapplicable or unnecessary to the growth of you or your livelihood based on personal experience not on, "Because I said so" mentalities. So again such is life. This is the balance that makes anything & everything work. What makes the world go round and round.
     
    #76     Feb 17, 2006
  7. bottom line. whatever you teach you are not able to make money trading it. if you were you would have posted some proof by now. people on elite went back and forth with you or months as proflogic and nobody was ever able to make you put up or shut up. no sane person would go through that if he really had anything good to show.

     
    #77     Feb 17, 2006
  8. Oddiduro . . . you are correct in your overall assessment of the mentality of some of these posters.
     
    #78     Feb 17, 2006
  9. Without faith, deception is impossible. And to my experience, the only thing in the universe that really requires faith is a bad liar. [UNKNOWN]

    You continue doing everything but proving your case. send me your account statements for the last year and i will look at them. if you are legit i will publicly state so on this forum.
     
    #79     Feb 17, 2006
  10. You don't get it do you . . . I don't care whether YOU make any assessment of what I do because YOU do not matter. YOU aren't willing to assess the information on its merits or its foundations. You just want "account statements". YOU don't want something tangible to evaluate and make an intelligent decision from you just want paper. Well here attached is a paper . . . big fu__ing deal. It proves nothing.

    There is a reason your quote comes from [UNKNOWN]. Faith is the glue that holds the world together. An individuals intelligence, common sense and problem solving abilities is what allows us to separate that which is relevant from that which is not relevant to our individual lives. Without FAITH you could never place a trade.
     
    #80     Feb 17, 2006