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    Spydertrader's Jack Hershey Futures Trading Journal

    Pre-announcement market action.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Yup, it is :), though I can imagine some discussions in this journal would get the idea stuck in somebody's head that it isn't. If someone's stuck and I think I have answers I'm always in the market to help that person out.
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    What is the Ethical Limit to Personal Wealth?

    An ethical thing would be to attempt to fix what's wrong with the system. Though, having found a way to go with the system in a way I think is ethical, this isn't very high on my to do list. Limiting wealth would be a useless attempt to patch it and harmful to people who create great wealth...
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    Spydertrader's Jack Hershey Futures Trading Journal

    No wonder it hasn't been working out. If I look at your chart I'd have no idea either which side of the market is the right side. In fact I have to ignore the clusters of lines to actually see something. I suggest you make the following improvements: 1. Draw gaussians. I mention this...
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    What is the Ethical Limit to Personal Wealth?

    Is the system rigged? Yes it is. I realized this and it is why I became a speculator. I feel no shame in this and I got in it to get rich. Money creation is a form of redistribution of wealth, on the whole no wealth is created. If it is done by anyone other then the Federal Reserve it is...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for October 30: I'm growing more and more confident that this method will work for me.
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    What is the Ethical Limit to Personal Wealth?

    Booms and busts in the market place are indeed created by the financial system through cycles of credit expansion and contraction. In the long run however the direction of the market is determined by the intrisic value of the underlying businesses. Intrinsic value is determined by how assets are...
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    What is the Ethical Limit to Personal Wealth?

    I'm trained to enter into voluntary agreements with others in an electronic market place. I take my own profits and I take my own losses.
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    What is the Ethical Limit to Personal Wealth?

    Wealth does not originate with redistribution, it originates with creativity. Therefore, a healthy society draws no line as to how much of the fruit of his own labour a person can keep. If someone stays within the law there is no reason to impose any limit on him.
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    What is the Ethical Limit to Personal Wealth?

    No, you argued that society should be judged according to how it treats its poor, so I responded by telling you how the poor are treated in large welfare states. They are trained to hold up their hand.
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    What is the Ethical Limit to Personal Wealth?

    A flawed system is a system where wealth is redistributed from productive individuals to people who produce nothing. Fair enough, you may label speculators as people who produce nothing but have a look at countries with large welfare states as well. A huge part of the population in those...
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    Who was Jesus, really?

    This thread remind me of how much I love women. Practical, sensual and always caring. You go girls! I always enjoy reading your posts and they have helped me provide some framework for my studies in Kaballah and Christian mysticism. Tell me, what are "karmic waves"?
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    FEMA workers masquerade as reporters

    It's pretty bad when an organisation that provides aid in the case of national emergencies turns its employees into lying cowards. I wonder how some people manage to live with themselves...
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    What is the Ethical Limit to Personal Wealth?

    I don't think the most prosperous economy on earth should be labeled savagery. If it were, why would thousands of Cubans risk their lives every year on rafts and leaky boats to join in on your proclaimed "savagery". I don't see any Americans going the opposite way to enjoy Castro's free health...
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    What is the Ethical Limit to Personal Wealth?

    Society has every right to limit an individuals wealth. Property rights are determined and enforced by society, therefore it is allowed to define property. Now that being said, individuals have every right to transfer their wealth to a jurisdiction that offers them better terms. In fact...
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    Software Used to Trade Jack Hershey Methods

    Quick question on QuoteTracker: How do I filter out after-hours data from my futures charts?
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    Spydertrader's Jack Hershey Futures Trading Journal

    The 14:05 and the 14:15 bars are flaws. In my experience flaws like those repeat in sequence. That's why, while watching the 14:30 bar develop I was anticipating another flaw. I was worried a little initially, but the lower volume and the long lower shadow convinced me that we had continuation.
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    Spydertrader's Jack Hershey Futures Trading Journal

    My chart for the day (See attached).
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    The 95% or so failure rate

    I don't see how "manipulation" could be a barrier to success. Does it somehow constitute the prevention of you buying or selling? If not, your failure is only a result of your inability to understand what's going on. You don't have to be an insider to know what's going on, you need to develop...
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    Spydertrader's Jack Hershey Futures Trading Journal

    LEFT BRAIN FUNCTIONS uses logic detail oriented facts rule words and language present and past math and science can comprehend knowing acknowledges order/pattern perception knows object name reality based forms strategies practical safe RIGHT BRAIN FUNCTIONS uses feeling "big...
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