Happy Birthday RS7 I hope you/we had some fun. Congratulations to your entire family for your son and daughters' accomplishments. Sorry to hear about the NASD stuff. I hope you get that cleared up real quick. ...anyway, I hope we all have fun at the thingie tonight, and if I'm not there in spirit...well, have somebody save some for me.
Can someone tell me if there has been any real content posted in this thread since the closing of the last one, so I don't have to waste the time to wade through another 29 pages of this banter? Maybe I'm in the minority, but I work for a living. If SE has anything concrete to say, I wish he would. All this rhetoric about what other people charge for systems and whether they're any good, and why he is here, and why he shouldn't or should be, is really worthless. How does any of that that tell me whether I should be long or short the NQ right now?
Pages 3 and 4 have some charts and some verbage that relates to trading. If I come across more, I'll let you know.
also, pages 7, 9, 10, 11, & 15 has some posts with charts and explanations. I put his system to work today and had some questions but when I asked him...he went off on a wild tangent so it remains anybody's guess as to whether he will deliver what he says.
Yeah, this guy has more groupies than Jimi Hendrix did. But most of them are him. That is what started this whole "Lavish is Don" nonsense. Yesterday someone noticed that Faster answered as super_ego....he forgot who he was logged on as. Regardless of any of this, I admire some of what super_ego has to say, especially his humor. But I think that it is futile both to try and teach and to try and learn to trade in this manner. Particularly with this kind of technical approach. I hate to get serious here....I know this is not the place for serious observations, however I have been trading for longer than a lot of the people on this site have been alive. And experience has taught me that this is not only a bad way to try to learn (super_ego ultimately agrees....look what he has said about "gurus"), but it can actually be harmful. I have seen so many traders come and go thinking that they had "learned" from a book, or a person, or a classroom environment how to read charts and make money from the patterns they could recognize. Well, it just isn't a mechanical science. Trading is more an art. It is about processing information in ways that cannot even be verbalized. There is too much input. Someone talked here about catching a fly ball being an analogy to trading... that you had to know where to expect the ball to come down, to anticipate, as you need to anticipate where a stock will go. But does anyone believe that any outfielder can possibly explain what they are thinking when they chase down a fly ball? No, it is instinct. It is what is developed over time. Trading is like that. There is too much to process to put into black and white. That is why in my posts in the "successful trading" thread, I tried like hell to avoid specifics. It is the general stuff I tried to help with. The attitude and discipline and mind-set. I know many truly successful traders than never look at charts ever! The very best I trader I knew never looked at charts. I admit I do, but just intraday charts...so I can get a graphic idea of where the stock has been during the day. Is it weak? Strong? On a dip? A run-up? That helps me somewhat, because I trade a lot of stocks. But if I only traded a handful, I would likely not bother with charts. I would be watching the stocks, and I would know how they were behaving. A long time ago, someone showed me stochastics...I was impressed and tried to trade off them. Cost me quite a bit. At the time I was working for EF Hutton (shows it was a long time ago).I asked someone in the technical analysis dept. in NY to explain how stocastics were calculated. No one there knew. They faxed me some pages from a book, but the wrong pages...it said something like "continued on page xx", and there was no page xx. I challenge super_ego to explain how stochastics are calculated. What makes that line different from the RSI line, or the MACD line? Which is more dependable? Why?
Your entire post makes a tremendous amount of sense. I was thinking of asking him how a moving average is calculated. Not because I don't know, but because I wanted him to explain it to his audience. But that would just send him off ranting and raving again. After all ... We are Don ya know. (Not)
Rs7, I agree with some of what you have to say, (look back at your successful trading thread and you will see). But I don't see what is so bad about super_ego trying to nail down some black and white points here. I mean of course there is no secret way that works every time but there is nothing wrong with what this guy is teaching. Look if his trading strategy was right 40% of the time then traders could use all the other stuff like market knowledge, trading experience, physiology, and many different other methods to put together one trading method that works for them. I am a firm believer that there is no secret way to trade, but I also like to hear and see someone else strategy in black and white. With TA. I mean the stuff that he has already posted on these threads could fill a book if he wanted to add the bla, bla, bla. That is not what he is doing. He is getting right to the point, giving examples, and telling it how he sees it. Nothing wrong with that. I hope I will be able to use some of his strategies in some sort of capacity. I say let the man speak. If you learn something worth remembering than great. If not just forget about it and keep doing what works for you, no harm no foul. I mean there has to be more to your trading strategy then just what you feel that the market is going to do. Also, I asked the guy some very stupid questions the other day and he had no problem answering all of them no problem. NO, I AM NOT SUPER_EGO, DON, A LADY, OR ANYONE ELSE OKAY. Good luck to all.