I agree 100% with Tom. In fact I PM'ed Matt shortly after the
system was open and I saw people immediately getting overly
emotional and reaching out to him as if he was somehow responsible
for holding their hands. I noted that if he allowed himself to be
put in that position it would quickly begin to take a much greater
emotional toll on him than is warranted by the price he
is recieving for providing this service.
This is a forum for discussing quant/system trading, not a
psychologists forum. As such the posts should be kept focused on
how to trade the system, (which is really very simple to
explain...just do what it tells you).
If folks want advice on how to better control their emotions so
they can do what they are supposed to do when using the system,
(follow it), that is reasonable topic of discussion that will
benefit all. However, to imply that Matt should be required to
share his proprietary system information to those members that
can't control their emotions and stick with trade is completely
backwards.IMHO
According to your logic there is not need for this forum (how to
trade this system: just do it). I tend to agree with
that. I think that this forum itself may be a mistake, since
it creates the opportunity for people to vent. Without the
forum, they might me more hesitant, since sending a pm is somewhat
more daunting (to me, at least) than simpy posting on a board.
As to implying that Matt should share his proprietary
information: I don't know to whom you're responding.
Certainly not to me, since I said nothing of the sort.
What I did say is the sellers of black box systems should be
prepared for a certain amount of emotion from their subscribers
during rough times. I'm not condoning such behavior, I'm
simply saying that it's inevitable and part of the cost of doing
business.
Part of the reason for this is that there are no mechanical
systems. People will always try to second guess a system,
deciding whether or not to take a trade. If you don't believe
that, look at the posts on this board. Again, I think this is
a mistake, but if I were selling a black box system I would be
prepared for it since I think that it is going to happen given
human nature.
I also repeat my request for the developers of the system to
outline how they would quantify the conditions for its possible
failure (which I hope never happens).
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And I respect yours, Tom.
SPY Notes
Posted by algyros on 5th of Aug 2011 at 11:53 am
And I respect yours, Tom. Thanks for airing it.
I agree 100% with Tom.
Posted by chartboy on 6th of Aug 2011 at 08:34 am
I agree 100% with Tom. In fact I PM'ed Matt shortly after the system was open and I saw people immediately getting overly emotional and reaching out to him as if he was somehow responsible for holding their hands. I noted that if he allowed himself to be put in that position it would quickly begin to take a much greater emotional toll on him than is warranted by the price he is recieving for providing this service.
This is a forum for discussing quant/system trading, not a psychologists forum. As such the posts should be kept focused on how to trade the system, (which is really very simple to explain...just do what it tells you).
If folks want advice on how to better control their emotions so they can do what they are supposed to do when using the system, (follow it), that is reasonable topic of discussion that will benefit all. However, to imply that Matt should be required to share his proprietary system information to those members that can't control their emotions and stick with trade is completely backwards.IMHO
C
Chartboy, According to your logic there
Posted by algyros on 6th of Aug 2011 at 09:29 am
Chartboy,
According to your logic there is not need for this forum (how to trade this system: just do it). I tend to agree with that. I think that this forum itself may be a mistake, since it creates the opportunity for people to vent. Without the forum, they might me more hesitant, since sending a pm is somewhat more daunting (to me, at least) than simpy posting on a board.
As to implying that Matt should share his proprietary information: I don't know to whom you're responding. Certainly not to me, since I said nothing of the sort.
What I did say is the sellers of black box systems should be prepared for a certain amount of emotion from their subscribers during rough times. I'm not condoning such behavior, I'm simply saying that it's inevitable and part of the cost of doing business.
Part of the reason for this is that there are no mechanical systems. People will always try to second guess a system, deciding whether or not to take a trade. If you don't believe that, look at the posts on this board. Again, I think this is a mistake, but if I were selling a black box system I would be prepared for it since I think that it is going to happen given human nature.
I also repeat my request for the developers of the system to outline how they would quantify the conditions for its possible failure (which I hope never happens).