Both of you seem to miss the point of making money. there are many many ways to make money. The 32 most common are broken out in Larry Harris's book on the subject. It is worthwhile for anyone who is trading to learn what category they fit into. Most of anyone's capital once they have wealth is used to trade stocks. The cycle of trading stocks to optimize profits is on the position trading fractals if a person has a lot of capital to manage. There is a compromise in trading stocks that comes up one the position trading capacity is reached. Then, a person must turn to sector rotation trading with the surplus. Neither of you will ever position trade at capacity nor have to sweep excess profits into SSR trading. For intraday trading, the potential is 3 to 6 times the daily ATR depending upon the skill and supports the trader uses. the capacity is at 10,000 contracts for the ES trader. On ET the four trading systems I associate with are all founded on one paradigm which is named the Pool Extraction Paradigm (PEP). If you understood the requirement for a trading system to have an algorithmic or paradigm basis, then you could move into the business of how computer supported systems work. Neither of you do and your posts prove this. It doesn't matter what you guys or your kind do. People that believe your postings are simply in the same boat you both are in. For those who understand how computers support making money, there are many roles the computer plays to extend the abilities of the trader to trade. How a given ATS derived and developed from it's parent paradigm performs is a matter of the trading record as the future unfolds. The comparison is simply an expression of how well the approach performs compared to the market's offer. Neither of you have any idea of what the market offers nor how to use the measured offer for comparison purposes. In the simplest of ways the ATR multiple can be used as a coarse standard. Most people provide a quick and prompt assessment as to where they are with respect to the market's offer. They are simply stymied at the prospect of considering even the daily ATR as having some connection to what they are doing or thinking about. This non adult behavior and belief system is where both of you wind up and will remain. I use this mistaken belief system of most as a filter to keep people away from connecting with what the paradigm does and what its applications produce. The only way anyone is going to be able to take the market's offer is to understand the offer and to understand how to measure the offer as the offer is being made. PVT works on three rules: 1. Wait until DU ends. 2. Enter on FRV when FRV exceeds DU during the beginning of the day. 3. Hold until peaking volume is no longer sustained. This is done with a chosen Universe of stocks. The Hot List that emerges from the Universe is determined by the natural cycle shown by volume and price. The specific application of capital is based upon the competitive rank of the stock. The competitive rank is based upon the parametric measure of the paradigm. A skilled position trader moves from 30 trades a year to 100 trades a year. T6 applies whatever he did and he has no statistically significant result and he posts it to prove he did not know what he did. SCT trading and the CC are used on the ES and 4 to 6 skill levels are involved. this means as a reasonable and passionate person goes from ignorance to expert he move through stages in a process of acquiring knowledge and skills. He begins with 4 to 7 trades and ends with up to 40 trades. BW does not even get to intraday trading. He does 72 turns in 9 months. That is he position trades on the wrong fractal something other than ES which does not have real time volume associated with it. SCT uses the same parametric measures as the PVT does and the CC does. there is only one possible parametric measure of the market's offer that is a possibility in terms of using a reasoned appraoch for any type of successful trading. Neither BW nor T6 use this measure. Why don't they? It is because neither knows how the market works. Why doesn't big money use the correct parametric measure? It is because big money operations are simply based on pool building and collecting turnstyle commissions and fees on money flow. this level of performance is negligible compared to the market's offer. Big money does not relate in any way to the market's offer. The business of big money is salesmanship. What is the name of the parametric measure on any trading platform ? Obviously, the first one was named by a programmer who did not know anything about trading. The column name is incorrect for what the column displays. I regard this as financial industry humor just as I regard T6 and BW as humorists in ET. ET is entertainment as ET members have determined. To use the rules above, I simply went to a platform when the parametric measure finally appeared in the PC world and made a lookup table based on my knowledge. It was checked out by a 400,000 element test and no changes were necessary. A 77 page document recorded a day that was planned the prior day. It it you see the 26 snapshots of what was planned unfolding as planned. It takes 10,000 to 100,000 dollars in less than 100 days. It takes 10,000 dollars to 1,000,000 dollars in less than 100 days. To check this out simply plug 100 trades a year into the compound interest formula using the results shown in the 77 page document and find out how long it takes to turn 10,000 dollars into anything. How long does a person trade stocks only? It depends. If he uses a one pager and works up to 4, 8 or 12 streams of money, he may realize that he could apply the paradigm to the futures indexes parasitic market as well. When he does, he goes through six skill levels of development. Then as an expert he does up to 40 trades a day to acheive 3 to 6 times the dialy ATR. T6 doesn't trade. He may put money in stocks to buy and hold. BW doesn't do futures indexes. He may trade ETF's using somtething or other. These guys are simply spectators, hackers and knownothings. They are getting what they deserve. I am proud of the people who learned the process and became mentally differentiated to be able to read the market's offer. there is no way to reverse engineer the mind's differentiation. But it easy to make an ATS that duplicates the skills of anyone who has been through the process. The first such ATS was done long before ET was invented. The Sunnyvale ATS made 11.1% on all capital every 6.6 days. see how long it take to double capital... to increase by an order of magnitude..... So here it is. This is a post with the rules to trade. The way to get the Universe. The way to get the hot list. The way to trade based on planning. The way to plan. How long does it take to make an ATS that does this? Before ET was created the answer was posted along with the ATS and the real time trading results. So here in ET these jerk offs and hackers canât duplicate what was done long ago. A lot of other people have though. Anyone who has wanted to has been able to make an ATS or just use the rules and universe to make hot lists or use the posted hot lists and use the platform or use their platform to do this. And the trading results were published for a year or so on ET. the world is divided into those that do and those that do not. T6 and BW are the B people who do not. Just ask any A person who has a differentiated mind. Why don't you guys get off your asses and do something for a change that is not just childish? the answer is that you are incapable and you are just big mouth talkers.
... ROTFLMAO. No matter what tripe (a really nasty sour soup, also writing that is complete bullshit) jack hershey writes, tradingbug's reply is a fitting response.
Go fuck yourself, Jack. Your system as it was presented doesn't work, and requires substantial modifications to be profitable. I'm a top trader, and by you thinking your system has that capability you delude yourself. You're the biggest fucking nutcase on this site. I've handed you at least some figment of credibility, but you carry on saying that that's not your system, when it was certified by you as your system. Scottd proved it doesn't work. You're out of your fucking mind crazy if you think you take 10k to 1m. Jackass. Can't believe I even waste my time with your bullshit. No one has done more to further your ideas than I have. There is no system that does what you're talking about. You're a deranged old man for even thinking that's possible.
suma66âS bed suma66 sitting in his basement contemplating the next Jack Hershey wonderful post. If you ever thought of where your protection of Jack comes from these are rare photos of suma66's basement where he lives out the remainder of his life fighting the war for SCT. Some people go to school. Some people raise a family. Some people are learning how to trade. Some build houses. Just about everyone is concerned with bettering themselves in some way. Not suma66, he only cares about protecting Jack. He will sacrifice any means to make his life better for the benefit of jack. I hope the Hershey Stooges can appreciate suma66. ... see, I can take what you post and turn the shit over and around back at you too Bwahahahah -
akdrmeb, I have to say I like it, it does provide sense of calm, and if these trades were taken by first making some analysis, and not just rolling the dice, then your "affirmation" really fits the bill. Makes me think of the SNL Skit where Al Franken looked in the mirror and said "I like myself, and gosh darnet, people like me..." Kidding aside, good comment, I will apply it next time I pull the trigger and watch the bullet fly forward.
Beau, I'm talking about testing Jack's "P,V relation" from "Tomorrow's Paper Today." Here's a link to spydertrader's chartscript that contains the code for the scoring described in "Tomorrow's Paper Today." Note it's called "Hershey Equities Chartscript Version 5.0" http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=51659
Jack, let's cut through all the bullshit. If you're anywhere near as good as you claim, why didn't you turn $10 thousand into $1 million in 100 days and post updates on ET like you promised your former IBD group you would?
Why do you care? If you can answer that it would be more profound than any other question I can think of.