"Everything has been said before, but since nobody listens we have to keep going back and beginning all over again." Andre Gide
While we have experienced an adverse move from the entry level, back to about 9 points from B/E once again, nothing has changed in the underlying price drivers so far. This is simply volatility that will chop the unlucky price followers and chartists into bits. Holding the course short-- it's just a matter of time, once again. surf
Unfortunately, there is no evidence to these claims. When questioned he threatens with lawsuits, the NYPD and even the FBI. All he needs to do is post a before the fact journal of trade calls, like I have been doing since 2002, but instead insists on sending a "program" and needing to be able to "chart read" the supposed objective system--- (this is per an anonymous email I recd from an apparently disgruntaled client-- I have no first hand knowledge, so take it as you will). Regardless, why not post a series of before the fact calls? All you both have done is post cherry picked winners. I don't get it. surf
I don't dispute your research, but what exactly is your "education"? I don't think you realize the level of folks you are dealing with on the surf report and elite in general. Before you even ask, I'll be the first to admit that I am the least formally educated of my group with a law degree and BS's in economics and business. I am not a programmer or computer wonk either. However, I have easy access to a handful of finance and statistics PhD's plus numerous "system designers", fund managers and other financial experts. NONE would ever brag about their education-- even the one's from Chicago, MIT and Harvard--- The bravado of you and your leader is really too much. surf surf
I'm not a "noob." Typically, noobs belong to some Kool-Aid sipping cult of a guru or esoteric method. They get terribly excited by unverified stories of huge houses, cars, etc. They look at hindsight-based trades on charts and say "Wow, look how accurate this system is!" When they grow up, they realize that proof is what matters. They want to see account statements or other verifiable evidence of entries/exits. They want to see a statistically-significant number of trades throughout different market phases. Prof has been at this since at least 2003-2004. If his students were even mildly successful and consistent, they would've made a fortune starting with the smallest of accounts back then (compounding or not). So where are his "turtles"?
All well and good, but people with much higher-level credentials blew up LTCM and all kinds of things in the 2008 meltdown.
No question, that was a good call for the short term. However, my time frame is much larger. I am still in the game on this trade. surf
Self-actualization? I'm not looking for a new age seminar or Trading Psych 101 fluff. Where are the multi-year reports of trade-by-trade results, monthly returns, max DDs, profit factors, Sharpe/Sortino Ratios, etc.? I can't believe a CTA would respond like that. It's like a doctor saying "Yes, there is a diagnosis for you, floating on the ether somewhere, but you must get in touch with your inner self first."
I understand what happened with LTCM. I'm not saying that you're using the same kind of methods. My point is that credentials don't guarantee that someone will use a robust strategy with proper testing, simulation and risk-management controls.
The guy won't even post a series of before the fact trades in a journal on this site. Yeah, you'll see the occasional cherry picked winner on a pretty chart but never a series of trades or market calls prior to the fact. Let alone multi year reports or even the most basic DD material. when questioned, you get threats, invites to magic shows to observe 200 markets being traded at once, and other subterfuge to avoid the simple task of posting calls. If he can just post a series of before the fact accurate calls--i'll be the first to admit there may be some edge to his method. However, it has never happened, nor do I expect it. surf