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[EquisMetaStock Group] Re: system tester shortcomings--goose gander correction



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Thanks for the reply -- it made me realize something:

George develops systems and presents seminars. George has failed as a
trader. Therefore George's systems and seminars are bogus. --> FALSE.

Condi uses George's systems and seminar learnings. Condi is a
successful trader. Therefore George's systems/seminars are good. --> TRUE.



--- In equismetastock@xxxxxxxxxxxxxxx, "jawjahtek" <jawjahtek@xxxx> wrote:
> Some answers to your questions since I have met some of these people:
> 
> 1. Dr. Alexander Elder writes books, sells software, offers seminars 
> and personal coaching/consulting. Anyone know if he trades?
> 
> Yes, Dr. Elder trades but it is a minimal level. He has tried and 
> failed several times to use his trading methods for an advisory 
> service. I'm not trying to disparage his work (or anyone elses), I am 
> just reporting what I know.
> 
> 2.  Chuck Lebeau develops systems. I love his writings. Anyone know 
> if he trades? 
> 
> Yes, LeBeau trades his various systems, but he is far more successful 
> at selling his systems. In his case, his clients are institutions 
> first. Systems that he sells to the average investor have already 
> been "fully utilized" by LeBeau's big dollar clients.
> 
> 3. Van Tharpe was apparently unsuccessful in any trading and only 
> provides seminars now.
> 
> 4. Ed Seykota, I haven't met him so I cannot make an honest comment.
> 
> Bouns:
> John Ehlers (MESA and its various incarantions). John is an engineer. 
> At a session where I met him, he showed his partially successful but 
> unimpressive trading record. John readily admits that he hates 
> trading.
> 
> I think John Ehlers is a good example of the personality of a system 
> developer vs. the personality of a trader. Systems development 
> requires a willingness to program accurately. Accurate programs are a 
> pain to write, test and debug for the average person. A good system 
> developer's personality borders on obsessive perfectionism. Trading 
> on the other hand is a very messy business. A good trader readily 
> accepts that many trades will fail. Perfectionists do not make good 
> traders. It is rare for a good programmer to be a good trader. It 
> simply requires a different personality type.
> 
> 
> jawjahtek
> 
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser" 
> <andysmith_999@xxxx> wrote:
> > Very interesting post. 
> > 
> > Dr. Alexander Elder writes books, sells software, offers seminars 
> and
> > personal coaching/consulting. Anyone know if he trades?
> > 
> > Chuck Lebeau develops systems. I love his writings. Anyone know if 
> he
> > trades? Same questions with Van Tharp.
> > 
> > What about Ed Seykota? No doubt about his trading abilities and
> > wealth. So why does he offer a consultation service at Incline 
> Village?
> >




 
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