Here is a drill in the form of doing a deductive proof. logic man cannot work through this type of market consideration, apparently. He is excused. The obvious is obvious to the Scientific mind. Nothing is obvious to the betting mind. Here is one sentence for you to figure out, deductively: Three up/down pairs do NOT work (Boyd and his OODA); only two left/right/left triads will work (the PEP and its applications using MADA). Play geometry and do a proof (deductive) on one page of paper.
Once you put enough info on a sheet of paper, take two new sheets and write out each approach. Use P and V columns for each. Treat yourself to this cardinal analysis of the causal factors for CW trading failure. As you do up/down pairs, look really closely to see the dilemma of the CW oriented trader. Really look at the consternation this person must face as he sees his pairs are NOT CONSISTANT. I have rarely seen anyone who went very far down the CW rabbit hole be able to recover from the way the mind's belief system support continued confusion. Look at RN's most recent chart posting.
This is an old chart I posted here. Cases, containers, doms -non doms, fun chart. Jack, want to dissect this and correct any mistakes ?
I don't know if I fully understand what you say, but I annotate three overlapping channels on my 5 min chart. i know there are trends in trends in trends... and so on. Just saying that some trends are more likely to take off strong and move a long way, which makes them safer to trade when your not experienced and have a habit of missing half of what's going on during the day cause your brain can't keep up with all the information .
Up to 11 charts... this is pretty cool, I could locate most pt 123's and FTT's on the Gaussians before even drawing a single price bar. Want to get to the point where this becomes automatic... Vienna
I found that the rockets could be a trading fractal thing or a faster fractal thing. What should I look at to differentiate those rockets? Any drills?
At any given minute of the day, a trader can sell 50 ES contracts with minimal slippage and 100 ES contracts with definitely less than 1 ES point of slippage. If you could take 3X the daily ATR on the ES with 50 contracts for the past decade, you would be the richest person in the world or one of them. Then, if you exhausted the capacity of the ES, there are, at any given minute of the day, a good 200-300 stocks within the S&P index which are showing strongly correlated directional and size moves to the index itself, which means another relative ocean of liquidity is open to a trader who knows how to "take the market's offer". Then, there is the NQ and the TF and the YM, the European indices, correlated currencies, etc., etc. If you are going to "take the market's offer", it makes no logical sense not to take it in the size in which it is given, regardless of the instrument in which it is being given. Also, just to point out the flaw in your "reasoning" about my skill level. If I weren't "trading with skill", my critique of your approach would probably focus on the market analysis and your trade entry, management and exit approaches, in an effort to debunk them. Notice, though, that I don't even have the need to debunk them because it's too trite a critique and not worth my time. The fact that I focus on the necessary deductions that stem from your performance claims, as it relates to position-sizing, shows that I am WAY past caring about your techniques, which I find useless because my "skill level" is way past needing any help from you.
arguing with psychopaths is talking to a wall.. they are naturally skilled at NLP command-embedding speech, they are three years old emotionally and they only want to be aggrandized. If you are not one of their trained followers you are not anybody worth their time...
Most definitely. I just like to do the math on someone who talks big, to see if it's feasible that the talker is achieving what he claims. Clearly, no trader can compound an account to infinity, but, for all practical purposes, a trader who was able to accomplish what Jack claims SHOULD be able to take home hundreds of thousands of dollars per day. But, yeah, whenever I read his posts, I thank my lucky stars that I never came across them when I was young and stupid enough to have thought they could be worthwhile.