Because he lets his need to be smart get in the way of trading well. I am thinking of compiling a list from this thread of all the traders who feel insecure about their intelligence ... but I might just be too smart to waste that much time on it. Cheers
You make four points: 1. Trading is easy 2. Creating a system ain't 2. Monitoring for optimum returns in real time ain't 3. Adjusting "it" for optimum returns in real time ain't. Your prelude serves some purpose to help us see that something has happened to you because the internet is there nowadays compared to the times when monkeys just typed on typewriters. 1. What makes trading easy (boring process of taking money out of the market by pressing buttons) is that the person is connected to the market and there are buttons to press. You understand this to be easy. It is and I collect the offering continually. Africa and his colleagues do it once in a while. 2. For me creating systems was more or less dictated to me by the market. I trade several so each did their dictating. I obeyed in each case right from the get go. Your statement says that you haven't reached closure and it is your thesis that applying fingers to keys gets it done since there are lots of fingers and, therefore the result is there on the internet. You have not made the connection part because it ain't easy. You also tell us that what you have connected with is in need (See 4). Generally speaking, what is what has been reported out continually for well over a hundred years. Systems abound. they are spaced out on a continuum of quality and they are available to anyone, practically speaking because of the internet. What has and is making it difficult for you is that you didn't get it done because it is difficlut, etc.. I do not see it as difficult. There is just one thing to do: go to the place where the market has told you to to get all that is offered. the place is called "being on the right side of the market" and using the best instruments available. Informally people have named it for me as "Tomorrow's Newspaper Today" 3. Monitoring is no more difficult than pressing the buttons of part 1., practically speaking. I am saying that monitoring is a job done by the trader in a very routine manner. And the result of monitoring is to have everything required to nail the market continually. Nailing the market means, subsequent to monitoring superb use of the data set enables the person to, mechanically, press the buttoins to extract what is offered. You are saying something otherwise from a vantagepoint that you have. An aspect of your stated judgement that monitoring is difficult (for you), may come from the fact that you are not able to see the market in view of the shortcomings of 2 that you are putting up with presently. It may become clear that most people "never ever see the market". Obviously, ripley is one of these people by his example in this thread. He has never seen AAPL to date. Africa and his colleagues have attained a monitoring sufficiency that is allowing them to cogently monitor. And it is in part because of the result of their sharing common knowledge and making use of it at some level that relates to what is there for the taking. 4. If 2. is done then 4. is off the table. "Adjusting for optimum returns" is a statement of not having what is required in 2. The market continually delivers opportunity. The opportunity is available money as defined by one specification: as time passes value changes. Specifically the tradable price of the instrument changes. In 2. there are an array of ways practitioners pass time using their means of operating. Being focused on and regarding the focus as difficult with regards to "adjustments" is your statement of being off the mark by a long ways. Over time price moves and offers potential profits by extraction. Generally speaking, very few possible needs for adjustment(s) can come up with regard to accepting what the market is offering. Price changes in a context of time changing. The money velocity generated is there and it is being transferred at only one specific magnitude in one specific direction. There is nothing difficult in the space for making money. If a person sees difficulty, then he is creating the difficulty that he is seeing. The markets are there and they operate to offer capital for extraction by the means of tradable pricing that varies over time. People connect to and partner with markets. Hooking up the buttons is easy. The markets perform continually during business hours. Many many degrees of freedom of data is at all times available. Hooking up to the information is easy. The technological world has always made is possible to "see" the market. People, today have places to trade and those places are equipped as they desire. It is easy to buy stuff. As said, the internet contains the results of efforts that provide for us all to the extent that we take it and make use of it. Some people are on the outside; others are on the inside. It is a choice and being on the inside is easy and not difficult. There are no barriers put in front of anyone to keep them on the outside. None at all. there are no imposed difficulties that people are made subject to. There is none of that to be expected nor encountered. Here you, Holmes have told us that you have found difficulties and you found them in three areas: "sytem difficultiies", "monitoring difficulties" and "adjusting difficulties". The ain't stuff. All people from all over the place do what I do and do what you do. I do not make difficulties; you do because you choose to. I continually give away what I found easily. It is a pleasure to give away the 1., 2. , 3. , and 4. stuff. It is the old old story of Easy come; easy go" except when I give it away I still have it. How do people make it difficult to have it; to get it? Imagine a person who says I am not going to make anything difficult for myself. It is too late for you, of course and it is too late for ripley. Africa met some people. He went with the flow. he's 36 and he likes being rich. What about a person who says "I am not going to make things difficult for myself". What gives with this sort of person? I think they first see the markets and say "Holy shit!!!" What is this Holy shit???? They see what is there and what is being taken from the markets by people. IT IS THERE. Luckily for them they get to also say I am going to be one of those people. What they said right off on day one is that they can envision being in a place. That place, it turns out is created instantly and all that is left to consider is going from point A to point B. I have a shorthand expression that will not work for you. It is BE DO HAVE. You are waiting for a bunch of monkeys instead , Sherlock. Everyonce in a while, however, a person shows up who immediately BE's. He just IS. He goes about DO'ing with ease. He eases on down the road. i eased on down the road from day one by just being on the right side of he market all the time and understanding how the market keeps telling me which is the right side. In 1957 there were newspapers that took care of things. Now there are other aids as well. I use them in the same old ways. I dig africa and his buddies. They BE DO HAVE'd it. You are the type who has to BE difficult, DO difficult and HAVE difficult. In the last couple of years ET got to see what it is like to make several hundred % a year on equity instruments. So new members come along and they find an easy way to push buttons, to have a system that is backed up by three mechanical coded sets of stuff, they can monitor easily, and they post the money they are making and they are NOT doing adjustments of how to take money out of the markets. Africa is using a different instrument easily that he obtained easily. People who are not making a lot of money aren't simply because they are not doing the easy things like working to learn. Suppose ripley could decide that he was a rich guy. Just suppose. He would BE rich. Holy shit, I AM RICH!!!! There is no way on earth anyone who could BE rich would just keep farting away the time not BEing RICH like ripley persists in doing. Take any fifty people on ET who have been posting a money velocity of several hundered percent a year....look at them on easy street and you know they are there because you are reading their posts and, personally, continuing to make it difficult, as you say, for yourselves. Its a choice. Just to close the loop.... Its a choice "to BE or not to BE" as the monkeys said at long last on the internet somewhere....
see attached. This does not fit with the CW paradigm of ET. think of CW of ET as a one point per day long term average on ES. This stuff is related to another paradigm that is oriented to effectiveness and efficiency with repsect to what the markets offer.
I used to think that 100 million monkeys on 100 million keyboards could eventually reproduce the entire works of Shakespeare but now thanks to the internet and reading the goblydegook posted by Grob I know this not to be true In particular since you make assumptions that ain't true. WTF do you know about MY money velocity? 'nough said. Holmes
I tried to pick out an appendix of an adobe document. I went to a >text version and thought I had only copied the appendix. Unfortunately the whole document .text portion copied. You may be able to use it by getting the margins to work.
I only know a portion of what you have posted where we have a mutual interest. Others here may follow your comments and your journal if you have one. I do not follow your posts because what you do is not one of the ET themes I use to learn about how people do what they do. Money velocity is a dynamic and it is possible to change it as a consequence of doing things better and better. It may be that, for you, the monkey approach is working for you. As you say what I post is gob........ and a monkey could have done it just as well. By now I would imagine most people who participate like you do would call my stuff grob...... Have fun on ET.