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Hi BW,
I don't deny that I offer a service, but I do reject how it has been labeled
particularly since those doing the labeling have never seen it. I also have
made zero attempts to market anything on this List and will continue that
practice. My URL was removed after an earlier false accusation and I will
also continue that practice. I am not asking that anyone else do the same
as that was just my decision to do so.
Funny thing is if it wasn't for you and a couple of other List members
bringing this subject up, a lot of folks wouldn't even know about the
offering - and that would be just fine by me.
As I said earlier, the posts are designed to get a dialogue going. I
encourage responses to these posts whether they are in agreement or
disagreement. But I do object to the personal attacks as I feel they offer
no value to the List.
In closing, what may be obvious to you and me may not be obvious to others
on the List so I try to provide a little more detail. It wasn't that long
ago that these things were NOT at all obvious to me!!! And we all have
Delete keys if a particular post is of no value to us.
And thanks for your two recent contributions to the List, and I do mean that
sincerely.
Bob
-----Original Message-----
From: TradeWynne@xxxxxxx <TradeWynne@xxxxxxx>
To: bheisler@xxxxxxxxxx <bheisler@xxxxxxxxxx>; editorial@xxxxxxxxxxxxx
<editorial@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, February 27, 2000 4:17 PM
Subject: Re: Math of Trading
>In a message dated 2/26/00 4:26:54 PM Pacific Standard Time,
>bheisler@xxxxxxxxxx writes:
>
>> I don't pretend to be an expert on trading or the financial markets nor
do
>I
>> consider myself one.
>
>You charge $1450 for your course. I don't believe you think of yourself as
>just a regular Joe.
>
>>And I do not know what you are referring to with the
>> Ross Hook/1000% markup comment.
>
>As Lawrence pointed out it seems (from your posts recapping your big
winning
>trades) that you use the Ross techniques. His books sell for $150 to $170.
>
>>And even if your accusation were true,
>
>I'm not accusing you of anything. I'm just reviewing facts.
>
>>we both know that
>> there is one hell of a lot more involved with trading than your entry
>> techniques...unless of course you are part of the crowd that believes
the
>> system makes the trader.
>
>Agreed. BTW Ross talks about entries, exits, and more.
>
>> Trading is no different than any other business in that the numbers need
to
>> make sense or the business will falter.
>
>One of Joe's books is called "Trading is a Business."
>
>>My post was just an attempt to get
>> folks to take a look at their results in possibly a different light.
And
>if
>> my intention was to sell a product to someone or to the List, I could
sure
>> have spent the couple of ours today it took preparing that post to much
>more
>> productive use.
>
>This was my only original point: I thought you could have been more brief.
>The post seemed to belabor obvious points. Moreover, I didn't disagree with
>those points. You and Om disagree with me: I'm OK with that. And BTW I have
>no problem with you selling at your site or posting your link here. Never
>said I did.
>
>> Now that you have proven your ability to make personal attacks and
>criticize
>> others on the List, how about making a contribution of your own that
could
>> benefit the List members in their trading?
>
>Funny, I took your previous post as an attack. Indeed your posts seem to
>insult the intelligence and integrity of system developers or anyone with a
>link tagged to their posts (even though you were posting your link here
about
>a week ago). Moreover, you are selling a method, although you say it can't
be
>coded. I'm not clear why that is different than selling a system or other
>service.
>
>But, you are right, and I do try to stay positive. Here is some code. I
call
>it the Don't Know Joe System. I do not infer in any way that Bob uses this
>method, nor do I use it, nor do I recommend that anyone else use it. Just
for
>fun. Anyone with TS can see where the entries and exits would be, and how
it
>would perform. On the other hand, the only way to see how a discretionary
>trader's method performs is to look at their statements. BTW, years ago
Bruce
>Babcock urged Joe Ross to show the world his track record. Joe supposedly
>refused.
>
>{Try on 5 minute SP: $3500 stop and $7500 target. Exit market on close}
>IF H < SWINGHIGH(1,H,2,33) and waverage(c,20) > waverage(c,20)[5] {or
any
>filter you want to add: MA, ADX, previous closes, whatever} THEN BUY AT
>Highest(H,5) + 1 POINT STOP;
>
>IF L > SWINGLOW(1,L,2,33) and waverage(c,20) < waverage(c,20)[5] {or
any
>filter you want to add: MA, ADX, previous closes, whatever} THEN SELL AT
>Lowest(L,5) - 1 POINT STOP;
>
>If barssinceentry > 15 then begin
>If L > entryprice then EXITLONG AT entryprice STOP;
>if H < entryprice then EXITSHORT AT entryprice STOP;
>{IE: be patient: let your profits run}
>end;
>
>
>Beware! This system (method) may get chopped up in congestions.
>
>WARNING: Trade at your own risk! Commodity trading can be risky and is not
>appropriate for everyone!
>
>NO CLAIMS ARE MADE THAT THESE TRADES HAVE BEEN
>OR ARE LIKELY TO BE PROFITABLE.
>
>
>REQUIRED CFTC RISK DISCLAIMER:
>
>HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
>WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
>WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN
>FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL
PERFORMANCE
>RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR
>TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS
>IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN
>ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO
>HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF
>FINANCIAL RISK IN ACTUAL TRADING, FOR EXAMPLE, THE ABILITY TO WITHSTAND
>LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING
>LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING
>RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL
>OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE
>FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS
>AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
>
>Bill Wynne
>SmartTrades.com
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