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is tom jackson still around? I heard he sold the day trading "franchise" a
while back. for those who do not know, you paid tJ only when the trade was
profitable. he had an online site, buy/sell for subscribers. apparently, he
had a few good trades initially, got lots of publicity, snagged a a few good
foolish men, and then sorta crashed & burned. but someone( a greater fool?)
bought the business and tJ retired into oblivion. but, is he back? wouldn't
surprise me, I heard there are suckers born every minute...
>From: John Cappello <jvc689@xxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: TheQuant <thequant@xxxxxxxxx>, John Cappello
><realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] S&P Day Trading
>Date: Wed, 20 Mar 2002 17:03:21 -0500 (EST)
>
>Dear Quant,
>
>Quite tart and bash-ful today are we.
>
>1. Who is this Jackson guy? It sounds like you equate me with someone!
>
>2. I still believe in the 3 step and stumble rule in market timing so
>I was out of the equities most of 2001. This market is skittish about
>a 1 step and stumble rise in discount rates....ABSURD.... and my
>basis for change in market psychology.I do not know what your friend
>Jackson basis his conclusions on.
>
>3. Last year my S&P system played well between the level 2and 3 S/R
>levels and this year the levels are too narrow to trade. This trade
>did not go off because level 5 R was 1182.7 and Level 5 S was 1165.7.
>I inadvertently left the fraction which is important out. The formula
>I gave out a year and half ago is an extrappolation of what I use and
>can be verified.
>
>4. Had I stuck with what I usually do, today would have been a
>roaring sell signal by breaking level 5 support...that is why I am
>retesting and allocating so low to this S&P.
>
>Now I am no expert but I do know what I know and fortunately know
>what I do not...and I do not go there.
>
>You used to be a nice guy. Did you have a bad day or did the brain
>trap close before you could think and type?
>
>I have always posted new and somewhat controversial subjects. My
>system when working the way it was taught wins 67% of trades and
>takes very few $3000 hits.When it does less I know it is time to get
>out or revamp and I am doing both in my own way.
>
>To your better mental attitude.
>
>Lovingly,
>
>John
>
>
>
>
>
>
>
>------------------ Reply Separator --------------------
>Originally From: TheQuant <thequant@xxxxxxxxx>
>Subject: Re: [RT] S&P Day Trading
>Date: 03/20/2002 02:44pm
>
>
>Hello John,
>
>JC> My system has not performed at max this year so far and I am doing
>
>silliness! tell tom jackson i said hi, i see he still is finding fools
>to belive his trading scam. wonder why he doesn't have his talk forum
>anymore? maybe because everyone could compare the fact that the method
>does not work. you simply can not risk more than you make, and if you
>do you could not possibly be correct enough to make it pay off.
>typically smaller profit stop loss and larger profit = lower
>percentage of wins. and visa versa.
>
>i beg your pardon you described the tj method exactly, or did you
>invent it, thought not. next you will have discovered using adv
>issues?
>
>--
>Best regards,
> TheQuant
>
>
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