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"...there is no need to belittle them with trite stories about
pretzels and rocks."
Andy, there was no belittling intended on my part.
Sometimes an analogy is necessary to put ideas into a familiar context
or perspective.
Blindly creating a system by using curve-fitting to shape its logic to
past results, is really no better than looking for oil under small
rocks.
As for any arrogance perceived from any of our group members, please
read between the lines. There is a mountain of experience and wisdom
to be found there.
And sometimes, we just need someone to push us beyond our complacent
butts.
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser" <andysmith_999@xx
..> wrote:
>
>
> Super,
>
> Your points are well taken.
>
> There is however, a distasteful arrogance on this board that is
> unjustified. There are, shall we say, posters on this board who are
> new to trading but have nevertheless achieved significant financial
> success in their lives through other means -- I'd venture to say,
> financial success that is an order of magnitude beyond what the
> world's best trader can achieve in a lifetime. If such a person
> queries about, say the curve fitting of a system, there is no need
to
> belittle them with trite stories about pretzels and rocks. I can
only
> surmize that the situation would resolve itself rather quickly
> without the anonymity of a message board, and a pecking order would
> establish toute suite.
>
> --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@xxxx
>
> wrote:
> >
> >
> > Andy, here are a couple of minor additions to your summary.
> >
> > 1. No one implied that some of the people on here are physically
> > lazy. Some are just mentally lazy. Some feel entitled to have
> > everything handed to them. Maybe you've met people like that in
> your
> > neighborhood or at the office.
> >
> > On the other hand, there are many helpful, intelligent members who
> > give and take in equal measure. There are others who simply try to
> > take, take, and take, and some who just sit and watch while
> everyone
> > else does the work. The democrates want to give the needy a hug
and
> > the republicans want to cut off their welfare.
> >
> > 2. Neither Jose or I have a lot of time. Jose is a full time
trader
> > and systems developer, so am I. I trade intraday and EOD. Jose
> trades
> > EOD. My trading takes between 10 and 12 hours a day. I write the
> > posts while the computer is crunching numbers, or I'm watching
> > charts. Jose publishes a detailed list of his trades and his
> results.
> > Anyone who wishes to see them can. In addition, Jose is an
> excellent
> > programmer, whose code is elegant. Roy is in the same class with
> Jose.
> > Roy publishes a newsletter that teaches coding among other things.
> > Excellent to say the least.
> >
> > 3. In your summary, you glossed over a few things and left out
> > Charlie's step by step explanations of how to construct systems.
> Oh,
> > well. I guess a summary can't have everythng in it.
> >
> > 4. Of course Charlie talks about TradeStation. The articles were
> > written for TradeStation users and Charlie owns the TradeStation
> > companies, so he's probably not going to recommend Metastock.
> >
> > 5. Here's my summary of what you need to get from the articles.
> Learn
> > the progression from discretionary trader to strategy trader and
> > figure out where you are in the process. Learn the steps to system
> > development, learn the steps for strategy development, learn how
to
> > develop a system that matches the strategy, learn how to do money
> > management and then how to turn the whole thing into a real
trading
> > business.
> >
> > 6. Why should someone do this? So they don't lose their money.
> >
> > 7. If you are going to lose all your money, at least have fun!
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