Spydertrader Help me with my journal

original · Apr 27, 2008

Spyder lets make a deal, I think you are the kind of guy that wants to help people

I also think of myself as a teacher of sorts

but we can't both be right, you say SCT makes shitload of money, I say it doesn't make a cent

SO.......if you can read this post by Hershey and tell me that he is sane and explain why Jack is sane

I will forever shut up about Jack H and SCT

Quote from jack hershey:

Based upon your comments about trading fractal, trade frequency, streams of capital running, the price range, and time of trades, I have some recommendations on the pair of indicators you are using, etc..

By comingling the market analysis and the instruments' characterisitics, you must use the pair of indicators to que your preference of crossover candidates to go from one instrument to another in each of your seven streams. The originator of MACD uses absolute values for doing a go/no go test but you limit yourself to gating by observing a contrast in relative values at a time that is most remote (stale data) from the time of data taking.
You sneak a peak as you say, to deal with this.

For EOD trading it is true that the two segments of the index profile are opposites over long times (RTH is net negative and non RTH is net positive) but for short term trading (your average hold is a day) even longer than you do, the short term cycle net well overrules the long term trend of markets. This means that you have relatively poor entries because of timing and relatively poor exits as well. I assume you exit to have capital for a better trade that is available.

I admit my fav type of trade is one that frontruns opening gaps by taking the trade along with the bottom fishers and after the day traders leaving for the day. It is in contrast to what you do sort of since the hold for frontrunning a gap trade is like your hold. We use differing fractals to achieve the same hold and I do use MACD differently than you do and not as a trigger. So I recommend that you do a MACD multi-fractal assessment rather than a MACD pair on the EOD fractal.

Doubling every 2 to 3 months is not the ballbark for one day holds (buying near close and selling near close on day plus 1) on multi-streams. I recommend making the market analysis and trading strategy each autonomous to begin to look into this. Your instrument criteria is almost absent. Were you to sharpen it, you would get the benefits of "they all look alike to me" and the high Beta. Orijinal, obviously does not trade with high Beta stocks among other things, for example.

The trading strategy, unhitched from the markets, would allow you to see the opportunity of having timing working for you. Using a one day hold time on average as a stategy means you have to to pick the portion of the instrument cycle that has the highest money velocity. Opening gaps are best, but you do not select your trades to do that. The alternative available with MACD pairs (either on one fractal or on two fractals) is the breakout portion of a cycle which occurs and completes during RTH of one day. So you would have to revise the data analysis time in your strategy and use a faster fractal to get the signal.

Doubling money involves doing a set of cycles. The one day hold is the cycle time so doubling comes down to profit per cycle. There is no way your approach can take 40 to 60 days to double. It is not possible to make so little money per cycle to take that long. Taking 40 to 60 days is like trading noise or some other betting approach. Probably a portion of a month may be involved; for high Beta it is somewhat over a week using the one day hold you use.
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Tums · Apr 27, 2008

I would start from here:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777

original · Apr 27, 2008

Quote from Tums:

I would start from here:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777
More...

so tell me Tums, please DO TELL

you have no secrets Tums, you trade SCT, and your entire strategy is out in the open on ET web site

Soooooo.............please do tell........how much a day do you make

Jack says he does 10%...........how about you

The Swordsman · Apr 27, 2008

You are turning into quite the Jack Hershey/Spydertrader stalker these days. It used to be the trader28 alias guy, but you are slowly overtaking him in the obsession category.

Quote from original:

so tell me Tums, please DO TELL

you have no secrets Tums, you trade SCT, and your entire strategy is out in the open on ET web site

Soooooo.............please do tell........how much a day do you make

Jack says he does 10%...........how about you
More...

original · Apr 27, 2008

Quote from The Swordsman:

You are turning into quite the Jack Hershey/Spydertrader stalker these days. It used to be the trader28 alias guy, but you are slowly overtaking him in the obsession category.
More...

what can I say booorrnnn to be wiiillldddd

but anyway this thread is for Spydertrader

unless he can not face me due to his guilt

The Swordsman · Apr 27, 2008

You are a new poster with zero credibility and all you do is complain about him and JH. I doubt spydertrader, who has been here for years, cares to appease you in any way.

Quote from original:

what can I say booorrnnn to be wiiillldddd

but anyway this thread is for Spydertrader

unless he can not face me due to his guilt
More...

original · Apr 27, 2008

Quote from The Swordsman:

You are a new poster with zero credibility and all you do is complain about him and JH. I doubt spydertrader, who has been here for years, cares to appease you in any way.
More...

read the first post of this thread

but perhaps you are too stupid to get the point of this thread

its not about you, its about SCT, its about lies, its about kicking noobs when they are down

The Swordsman · Apr 27, 2008

what about all your lies?? You have cancer, you are posting from jail, you are a very successful trader....on and on you go about stuff too. You are no better.

Also, no one owes you squat. You signed up for ET this month and make demands like you've been here for ages. You are a newbie poster, act like one

Quote from original:

read the first post of this thread

but perhaps you are too stupid to get the point of this thread

its not about you, its about SCT, its about lies, its about kicking noobs when they are down
More...

cd23 · Apr 27, 2008

Quote from original:

Spyder lets make a deal, I think you are the kind of guy that wants to help people

I also think of myself as a teacher of sorts

but we can't both be right, you say SCT makes shitload of money, I say it doesn't make a cent

SO.......if you can read this post by Hershey and tell me that he is sane and explain why Jack is sane

I will forever shut up about Jack H and SCT
More...

There is nothing wrong with being ignorant. Because you are new, you are not informed.

The reference post you began with deals with PVT and not SCT.

They do have a common template as the model for trading. The model is for pool extraction and, as such, it does not deal in the paradigm of the CW. Get T&E by Larry Harris and circle where the template resides. Keep this in mind.

SCT applies to commodities type markets.

PVT applies to intruments like equities.

You are not going to shut up and this journal will be of value by the brief interjections knowlgeable people make to assist you in you quest.

It is not easy for a person who trades as you do to understand the pool extraction paradigm. Do not try to understand my post you referenced until you stop mixing up SCT and PVT.

original · Apr 27, 2008

Quote from cd23:

There is nothing wrong with being ignorant. Because you are new, you are not informed.

The reference post you began with deals with PVT and not SCT.

They do have a common template as the model for trading. The model is for pool extraction and, as such, it does not deal in the paradigm of the CW. Get T&E by Larry Harris and circle where the template resides. Keep this in mind.

SCT applies to commodities type markets.

PVT applies to intruments like equities.

You are not going to shut up and this journal will be of value by the brief interjections knowlgeable people make to assist you in you quest.

It is not easy for a person who trades as you do to understand the pool extraction paradigm. Do not try to understand my post you referenced until you stop mixing up SCT and PVT.
More...

Jackooooo nice of you to stop by

LOL SCT is for commodities

and PVT is for equities

But I could swear you said many times that SCT and PVT are FOR EVERYTHING

make sure you let your minions know about change of plans