[quote=jacko]
Jacko,
I don't fault you for looking for direction. It's natural for us to want to explain someone else's success so that we may be able to emulate that.
To be fair, JL posted within an hour (and i think it was within a few minutes of the sell) of his trade.
On the flipside, some people brag about past trades all the time...this forum is rife with them...some people explain what caused them to get in, but most of them don't. I don't think anyone here has a real problem with it unless they are asking for money in return.
JL's original post was simply a way for him to tout that he thought the market was going to reverse. That was his opinion based on an internal system of his. He gave a little bit of an explanation, but not exactly deep. He didn't ask for anyone to follow his trade or even validate his trade, really. So I just don't see why anyone should have an issue with his post.
It's ok to be skeptical. Definitely. And perhaps it was just the timing of the post that just made it seem more of a demand for clarification rather than a request.
I would suggest PM-ing JL or his alter ego and asking him nicely to explain his system to you. Perhaps he just doesn't want to reveal it publicly or his methodology would take way too long explain (along with the zillions of inevitable questions that would be asked by other members).
I mean, think, if you had a really complicated system that you've internalized and you want to signal a reversal in public (for whatever reason: validation, admonition, or just out of the kindness of your heart), would you want to take so much time out of your day to try to explain your entire system instead of trading it? I, personally, wouldn't, but I could just be selfish in that sense.
Whenever I have a question about someone's system, I usually ask for a brief explanation. Sometimes I get shot down, others are gracious enough send me links and some even post their explanations publicly. You'll find that the vast majority of traders on this forum keep a few secrets for themselves, but don't mind pointing people in the right direction in hopes that a trader would find his/her own way.
Quoting mrmikalDislikedPerhaps they should...but he wasn't asking for anything in return for his efforts. It was basically FYI...
QUOTE]
Mrmikal,
I agree with what you say, but JL originally posted this:
What is the point of saying that he cannot reveal his method, but that
1. he was "long" from 1.2081 (posted some 30 days after the event) or
2. he went "short" at 1.2950 (posted some 5 hours after the event).
What has anyone learnt from all those post???
Again, there is no malice intended...I just think that if you post something, then if necessary, you should be prepared to verify those statements. (I am not meaning that he needs to show statements, but at least some form of rational reasons for his post-dated trades)
JackoIgnored
I don't fault you for looking for direction. It's natural for us to want to explain someone else's success so that we may be able to emulate that.
To be fair, JL posted within an hour (and i think it was within a few minutes of the sell) of his trade.
On the flipside, some people brag about past trades all the time...this forum is rife with them...some people explain what caused them to get in, but most of them don't. I don't think anyone here has a real problem with it unless they are asking for money in return.
JL's original post was simply a way for him to tout that he thought the market was going to reverse. That was his opinion based on an internal system of his. He gave a little bit of an explanation, but not exactly deep. He didn't ask for anyone to follow his trade or even validate his trade, really. So I just don't see why anyone should have an issue with his post.
It's ok to be skeptical. Definitely. And perhaps it was just the timing of the post that just made it seem more of a demand for clarification rather than a request.
I would suggest PM-ing JL or his alter ego and asking him nicely to explain his system to you. Perhaps he just doesn't want to reveal it publicly or his methodology would take way too long explain (along with the zillions of inevitable questions that would be asked by other members).
I mean, think, if you had a really complicated system that you've internalized and you want to signal a reversal in public (for whatever reason: validation, admonition, or just out of the kindness of your heart), would you want to take so much time out of your day to try to explain your entire system instead of trading it? I, personally, wouldn't, but I could just be selfish in that sense.
Whenever I have a question about someone's system, I usually ask for a brief explanation. Sometimes I get shot down, others are gracious enough send me links and some even post their explanations publicly. You'll find that the vast majority of traders on this forum keep a few secrets for themselves, but don't mind pointing people in the right direction in hopes that a trader would find his/her own way.