Trend Following--Another Nail In The Coffin

Discussion in 'Trading' started by marketsurfer, Jan 26, 2007.

  1. Buy1Sell2

    Buy1Sell2

    Decent points and much more cohesive than other posts in the past. Thank you for the effort. I would ask you this then--"Why would an individual with such obviously poor trading skills continue to trade/post or papertrade/post month after month after month. What is the gain for the OP?
     
    #141     Jul 17, 2007
  2. achilles28

    achilles28


    Jack,

    Thanks for the prompt reply. It was an insightful, illuminating read.

    Regarding philanthropic philosophy - or "how best to give" - why not consider this:

    X-Prize everything (Global).

    Instead of assigning unlimited capital to groups of 'wise men', why not have those wise men create a simple set of conditions, whence met, satisfy the solution to a predetermined problem?

    The Prize Money is then awarded to whichever team, cooperative, individual or institution that solves the problem first.

    The beauty of this - it maximizes GLOBAL participation and guarantees cross-spectrum market participation across nationalities, bureaucracies, conventional orthodoxes and institutionalized "wisdom".

    It worked for the X-Prize spaceship.

    Now put Hundreds of Millions (or Billions) behind it and stack it with multi-tiered prizes to maximize participation through risk deference (1st Prize -- 5 Billion. 2nd - 20th Prize - 250 Million).

    The biggest resource we have, is each other. The human mind.

    Leverage the global collective intellect through MONEY and it can brute force solutions that have plagued humanity for a very long time....
     
    #142     Jul 23, 2007
  3. Buy1Sell2

    Buy1Sell2


    Well Jack?
     
    #143     Aug 4, 2007
  4. Buy1Sell2

    Buy1Sell2

    Well Jack??
     
    #144     Aug 29, 2007
  5. The gullibility of those poor souls mesmerized by Mr Hershey's pseudospeak is mind numbing

    Here we have a man that promises 3 times the daily range without ever having a single losing trade.. yet the only time he has ever gone on record he left a trading contest early after losing 26%

    There most surely is one born every minute

    [​IMG]

    Jack Hershey sporting a pony tail at age 70.. inform your local congressional representative
     
    #145     Aug 29, 2007