Why do some see value/importance in this, others observe there is merit but would not rely entirely on it, and yet there are plenty who completely feel there is little to no credible use of this approach?
Tiki, Because when this approach is tested objectively, it contains no discernable edge. While some may be able to use in a subjective manner to eek out profits here and there, there is no true edge to these methods. It is those who subjectively use these methods who, when they make the profits, pull in others who believe its an objective method based on the rhetoric of the promoter. It is SUBJECTIVE hence the confusion of the profile logic and JH method--REALITY does not match RHETORIC. My only issue is the promoters of such systems offer ZERO proof and will not admit the subjective ever changing nature of the program. You need to stop listening to anecdotal evidence of success. Its a dime a dozen in this business and there are just as many people looking to profit from you with their untested and confusing methods. BE CAREFUL! Hope this helps! TINS PS I challenge Profile Logic and JH to produce ONE person each who is a real verifiable trader who uses these methods objectively and profitably. I bet there are none.
Wanna bet hack? You're awful loose with those challenges but have yet to stand up to one of them. Put some money up and I will prove you wrong or it isn't worth my effort to email the people for proof. OR I'll show you live, with a live account, a live platform and in from t of people if you prefer, as I've offered many many times before but your ass puts up some money to loose just for your arrogance and I mean substantial money. You are always running your mouth that you can afford it. Now is time for you to PUT UP OR SHUT THE F_CK UP!
For me, lets limit it to someone you have met and who has interviewed you. Further, limit it to someone who has posted on ET. We could narrow it down further to a person who has called and posted trades on ET for over a year. How does that sound? This person has also shredded the backtest of T666? He can also verify that each time he has in attendence people from all over the globe that there are people assembled who meet and exceed your thoughts. They, these people in attendence, could also refute your commentary on the nature of the way they practice trading and they have learned from the person I refer to. This person has also coached you repeatedly, on learning how markets work and how various methods of trading work. Is this a good starting point?
Sure, that would be a great start. Who is this person? thanks, TINS PS, thank you for not freaking everytime when challenged like your protogee, profilelogic. Everytime, when challenged, he flips and tosses it back instead of accepting it.
Perhaps you may want to fill in those interested on what you did with capital to produce that curve. A while back I mentioned a person using the batting order for 6 weeks and a maximum of 27K in caopital over 19 trades (18 profitable and one a wash) earned 6k plus in net profits. We know from the curve you did not compound since the curve is what it is and it is not plotted semilog. the curve shows an unknown amount of capital was used to make 200 dollars a trade. Your other curve shows an unknown amount of capital was used to lose about 20 dollars a trade, You post like wolinsky. He posted a graph that showed he was sidelined all the time for years and only did 39 trades over that period and he made little money in each trade. My data is posted on a chart that was produced automatically by Excel. The slope of this complex chart may be calculated by a reader. Let's say dave is reading at his firm and one of his quants is reading too. At the end of the reading he will calculate and call a producer of a radio show that he and his quant can appear upon as a result of doing field research on a subjective method that is being used by learners who have Schwab accounts. That reader can see how the chart will grow from 1JAN10 it's beginning to the week 52 of 2010. As suggested to you before, a geometri code book may be consulted by your quant. Or he can use what is called "proportion. This is the exquation of two ratios where one of them has an unknown. In this example a protractor substitute is not needed but little colored blocks invented by an Italian nun may be used. We have given three numbers 6 and 6 and 52. Let the unknown be alpha. the proportion once calculated for alpha will reveal the profits for the year with only original capital used to make money. An advanced consideration would invlove exponents and profit per cycle. This would involve using a calculator which I know quants do not have. the profit per cycle may be determined. this variant method has a cheater in it: the profits are reinvasted but only stating in March. Here the math must be divided into two segments. Call them beta and gamma. Bets is the first linear part. Gamma is a non linear part. The third problem is comparing alpha and the sum of beta and gamma. The learner is going through 8 stages of increasing his effectiveness and efficiency. Each stage is quantified and has a name: doubling. this is like taking the rate one begins at and making it work better. The initial rate is in hand. One of the ratios in the proportion established this. All you readers can keep your eyes peeled as PVT trading becomes documented by using charts and proportions and the compound interest formulae.
LOL. Nobody "shredded" my backtest. That's like saying someone "shredded" 1 + 1 = 2. I tested what I said I did and anyone performing the same test will get the same results. Specifically, I tested buying YOUR "0 to 7 turn" (per page 8 of your paper) on 1000 stocks from 2000 to 2005 -- a total of 5000 stock-years -- using spydertrader's code for the scoring and exiting 5 days later. Nice try Jack but obfuscate ≠ shred.
You follow this yellow brick road. you come to a big city; it has holes in it where tall buildings used to stand. Once in a while it has Epos....Traders Expos..... You host a reception limited to a few people. this year you poopped out on the reception ans you did last year. The person who has interviewed you attended your last reception and decided to do one of his own the next year. He did and it was at a restaurant and ran for 12 hours for a fixed price to cover expenses. this event was repeated in Vegas at the November expo... Many New yorkers came to Vegas. Many countires were represented by, of all things people who trade PVT and SCT. In Vegas, a guest speaker replaced little old me. He is the DEO of one of the ET sponsores. they are doing tasks to make their platforms acceptable for SCT and PVT trading. they discovered some errors on their plaform as a consequence of not being able to get, properly, Universes for the PVT. So the host of all of this is the person you wanted to prove you wrong. We suggested earlier in this thread that a chicago outfit could be called. they have platforms that are set up for PVT as well. They saw this person trade and do well. Now, they refrain from using my name in their advertising. they are the ones whop refer to our trading as Italian sports car like in character (it is a positive reference. a comparison to local Chicago type trading was that it resembled a 56 Buick four portholes included. This person, when on ET for five years, averaged about 2,000,000 hits per year. A fart is often referred to as a barking______. There is a basket of instruments referred to as a ________. Your comments about our approach and its quality you got from an unreliable resource; don't be paying those persons any money in the future. Have them do the calculations and them make a list of anyone they know who does as well. i can rough out an carve a canoe paddle in less than an hour. I'' never be a guy who is up the creek without a paddle. that is where you are now with your careless remarks. Eat it.
I'll do better than that. If you take my trading challenge, I'll disclose the method to someone trusted on ET who can verify it performs as I claim. Speaking of verification... these are your words: I do reach my goal of 3x H-L in ES as a practice. http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447 Take me up on my offer and trade ES for a day and let Green audit it and provide proof of what you can or cannot do. I'll still pay for the audit.
Jack, Nothing careless about my remarks. You still have not produced the name of this person or this "group". I am not sure why you just can't be clear. thanks, TINS