zdo

The question is the answer.

I understand . Thanks for clarifying. I was using the term 'beginner training' based off his previously published materials and forum postings in reference, not to the scalping methods, but to the setting profit targets (and stops) parts and the question was about what he is teaching now vs what he was teaching then... So alternate reply to would be maybe not anymore... but it still seems that He does view scalping as the 'starting point'

SUIYA, It wasn’t really ‘churning’ . They were a set of well capitalized clients from silicon valley who were ironically more welcome to selling premium than they were buying it. I had them writing far out in time, far out of money delta matching calls and puts with weekly selling more of one to bring the balance back in to zero delta or to the recommended deviance (hence the ‘churning’ -er- commission revenue) . The ‘recommended deviance’ off 0 often ‘had’ to be neutralized … which was ‘convenient ‘ for the commission revenue stream … some fizz without real CO2 * :rofl: … … and yes, commissions were an issue, even though by that time discount commissions had arrived… still significantly higher than now… It was a good 2 year run. The 'time' for it was over (and the 'happening' was over for me and them) by apr 87 zdo * Pop Rocks!

handle, Thanks for the info. I’m curious because I read Ross in the early 90’s and didn’t get much out of it for “discretionary” trading… however, later I did circle back to some of his (very code-able) ‘patterns’ for intraday automation setups. Imo, beginning short time frame traders are not wasting their time studying Joe’s work… You’re lucky you have the pre-existing aptitudes and inclinations to be able to see ‘mkt representations’ (ie charts, etc.) very similar to how he sees them. Most one on one trainings, actually most of all trading education, is rarely a match with the trainee’s true nature… (but can always be seen as a stepping stone… ) …and meanwhile, the anti-vendor detractors will pop in to essentially say ‘if it ain’t good for everybody, it ain’t any good for anybody”… Repeating an earlier question ( – re the “scalps”) "In his personal instructing, 1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ?" Thanks All the best. zdo

Thanks Rande. I sure wish I could write good like you. I have some insights into this that are even less voltairee than yours...:missy:

The Bond King On Modern-Day Bond Wars | Zero Hedge and > half of ya'll will still think I'm off topic ... ( at least more off topic than the multiple S&P calls in this thread ) ... "Looking at the chart for Gold.I see nothing bullish..." mits is a gold bear a dollar bull ? ...

:moofftopik: :?: The Dreadful Summer Wind | KUNSTLER Do you valuate your PM's A. by their purchasing power B. in US Dollars. C. against each other. D. via 'something' about (or not) all (or none) of the above ... We now return you to your regularly scheduled programming...

"It’s system dependent." zdo A system is a whole of entries, win exits, and loss exits. ie changing any part does not yield a 'optimized' modification of the system… it yields a whole new system. One can conceptually downplay /deny aspects of the whole… but in the long run, better results come from fully acknowledging and dealing with systems holistically. …the system you are currently trading may not be good for more than 3 or 4 ticks. etc. etc. etc So discussing exits in a void is time and energy that could be utilized more wisely. For others to chime in and give you well intended advise based solely on what works for their system, but has no relation or applicability to your system ( ie virtually ‘randomly’ ) is a waste of everyone’s time. The better description of the whole you provide, the more relevant and useful possbible answers from those experienced in systems will be... How do you test your system?

I confess. short version: In the mid to late 80’s, I used ‘greek’ (near*) net zeros to churn commissions from well capitalized account holders. … (* with just a little tilt and "variations thereof" added here and there - that were often based only on from a ‘visiting’ young gun bond cash futures arbtrader from Chicago who was renting office space from me and from a friend who was making a killing in muni options, etc.) :wherestheshakemyheadandwondersmiley: During this time period, I also had two personal accounts dedicated to writing / selling premium. The whole process was not fun for me. It was not at all ‘disastrous’ for the accounts… however, that capital could have been allocated much more wisely…

handle, re: "After reading them, I was so confused". What was confusing to you in the books? Some questions about his training (, not his trading...) How is his personal instruction different from his books? In his personal instructing, 1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ? ... and 2 ) does he (progressively or not ) add any 'filtering' to taking the signals into his training.? Thanks. zdo

:haha: got the runs yet?

handle, Have you read Ross's books? thx. zdo

psoodoCode cId = TL_New( date[ 1 ], time[ 1 ], nl[ 1 ], date, time, nl[0] ) ; TL_SetBegin(cId, Date, time, nl[0] ); TL_SetEnd (cId, date, CalcTime(time, BarInterval), nl[0] + (nl[0] - nl[1])); where nl is the plotted indicator value and (nl[0] + (nl[0] - nl[1])) does the one bar projection calculation to the pricepoint where the extended one bar TL ends... Have a great weekend all...

In base Easy Language (ie non 'OO') the best way is to plot an extension is by actually using a trendline that starts at the current bar indicator value and ends one (or more) bars ahead at the projected 'regressions' of the [1] and [0] indicator value hth

bobbyc re "5% Money management" what do you mean by the term " Money management " ? PS EVERYONE wants your turn dates for Aug. 6 12 20 and 26

… Multiple choice question – which of the following are related to gold? a. When Bad Government Policy Leads to Bad Results, the Government Manipulates the Data ? Instead of Changing Policy | Zero Hedge b. Lakshman Achuthan: The US Entered Recession Last Year And "Is Worse Than Japan In the 90s" | Zero Hedge c.Is The Emptying Of Comex' Silver Vaults Next On The Agenda? | Zero Hedge d. none of the above e. all of the above …. Do you believe “It is only monetization when the market tells us it is monetization.” ? Do you believe paper PM’s are a trap? Do you believe those who can no longer ‘afford’ their paper PM’s have had to sell them? Trapped out the slow, over decades way? Do you believe those who can ‘afford’ PM’s are buying the sht out of it and taking delivery? Do you believe PM’s have no chance of de-coupling from all the instruments the meme and so many posters has them “correlated” with – rates, energy, commod’s, fiats, each other, indexes, and w(hateverelse)tf ? Do you really believe I am talking about dollars per ounce? Did 32 come to mind? Do you believe the “The individual with complete control of all his assets is the only truly wealthy person in a kleptocracy.”? Do you believe a transitional time is coming when PM’s will have virtually no ‘utility’ ? … Hi TLADMIN, If you have already decided my content is really ‘random’ , or if you see zero connections to the ‘price of gold’, or if you feel it is harming other members or your site, or if you think I have ‘dishonest intentions’ , or if you determine I’m posting in the "least untruthful manner" - then censor it. It’s your site, your policies, your traffic, your members… I am not and have never been in the ‘demographic’ from which the 'ever, never' changing ‘voice of trading’ cacophony emerges. From my first day on this site, I have always attempted to stick to my intention to speak to the few – not the many. Sometimes I do better at that than at other times… ...and, yes, sometimes my ambivalence is in sharper relief than at other times... but that should not be interpreted as disrespect for the site or the members... ... and I slip and ‘double standard’ it, so it’s not always apparent - but I’m a big supporter of thread purity... and From my perspective those “random” :Ooff toppic: posts are really :0f topic: ...at this writing there are 907 posts in this thread... ~15 are mine. Of those ~15, 3 or 4 of them are ‘bug’ee ,ie they ‘discuss’ the PM mkts, charts, make market calls / express opinions about PM’s. That leaves ~12 post that are NOT about what distills down to ‘dollar bugs vs gold bugs’. - but imo, they are still on topic, however precariously ... ...sometimes my intended audience is narrowed, mo narrow, so very narrowed Too narrowed for you? If you can’t tolerate a ‘bug’ to ‘non bug about neither’ ratio of 895 to 12 posts ...maybe...

Begin [Offtopic] simon perdition Here?s some hard data on the ?safest? fiat currency Think those are dollars in your wallet? Think again. … And, just for snicks, here's a dam dbp wannabe (… who n33ds to work on more pollyanna in his titling to have any chance at all, btw…) Phoenix Capital Research's blog | Zero Hedge … And… for the jumpers No More Fake News Jon Rappoport Investigative Reporter End [Offtopic] Begin [golf]…

Loosing? [i thought it was spelled losing]

no. wacker is not an official term in anything. wack is.

heresy Here's What Happens When A Central Bank Goes Bust | Zero Hedge Ya'll have a great weekend For all members who want to repeatedly post news updates, please do so in the News forum. Some general rules: create ONE thread only no promotions and links (we will monitor all threads)

The 'rulership' of the dollar was (not so) recently taken over by Hades ...

BobBMagneticModelCollett, here you go... propaganda... [ame=http://www.youtube.com/watch?v=NQTh9wfFwG4&feature=player_embedded]3MIN News July 23, 2013: Special Message - YouTube[/ame] all the gold is worthless... btw please don't jump ... and learn to spell --- it's Tallahatchie I didn't know you had a Choctaw Ridge in Johannesburg , I didn't know you was up on it. I didn't even know you had a moon in Johannesburg

"But" ? the dollar has weakened

re: "The skilled are still sitting at their desk at 50, trying to generate an income and accumulate enough savings to one day 'retire'." :helloooo: In here, we're talking here about skilled performance workers - not skilled production, persuasion, or service workers doubling down on that :doh: .... At any “right now” – I’d rather be ‘lucky’ than ‘good’. But across time, I’d rather be ‘good’ than ‘lucky’ … cause if you ain’t ‘good’, you have little chance of properly utilizing what ‘lucky’ brought you… which will keep you in the basically the same boat as the ‘unluckies and bads’ … the best ‘plan’ is to go for ‘good’ AND ‘lucky’

Thanks, MM. An Austrian economist and a Keynesian economist and an innocent walk into a bar… a gold bar Who comes out silver? ie Anything I post in this thread is off topic because it is a thread - for the purposes of trading - about whether gold is bullorbear in relation to fiat currencies … We now return you to your regularily scheduled posting….