Quote from jack hershey:
You may wish to review item 7 of my post.
When trading is going on in real time with real money, as you say, there is no dispute.
It is possible when we were on other people's turf, there was an element of "competing". This means that accounts were open for most people there in that place. Trades were being done and continuous comparisons were made.
Separate feeds and platforms were in use simply because the turf platforms were not usable "as is". we settled for one screen on a laptop and used a wireless connection. At the CME there must be tons of wireless options avaialble on any floor or if sitting outside.
How long it was necessary to make the popint depended upon the observer's preparation. Those who had read all the archived materials and had followed posts for a good while, were more able to understand and ask questions.
Programmers and writers were oriented to getting the foundations and building blocks so they could do the tasks that were then assigned to them. The results of that work are public.
in another circumstance, if a commercial platform is being rebuilt or replaced, then it is a phase oriented process. Each phase prepares for what comes next. Necessarily, the first efforts are for the company to come to understand its data is flawed. This is not a simple task to convey to people who are selling data. Once that is accomplished and the resourse becomes usable then, facilitating the next phases becomes more orderly and easier. So far, it involves years of effort.
Why commercial outfits make the effort and spend the money is easy to determine. They have a possibility of observing in real time accounts that arrive on thier door steps.
What has it been like over the last fifty plus years for the brokers and agents who did see this happening? When operating under NFA section 208, it is something else. There was a common periodicity of C and R's. If there was a pause, then the call initator was reversed. The IB would initiate the call for a confirmation of "no news is good news". Why during these years and years of trading was this the common practise? the reson was related to the agreement in vogue regarding "coattail trading". this may be unfamiliar to you and others on ET.
The criticism I receive from others, qualifies those people as to what they know and what they have experienced. Apparently few of them, you included, have not had personal relationships with agents of IB or broker account managers. I feel that few of my critics have ever had LPOA's anywhere or been or either side of LPOA's. I operated at the NFA limit of LPOA's I did always did "bunched" trades where it was the responsibility of the broker or IB to "spread the wealth around" in the accounts.
You may notice that I mention being cited for criminal activity. try to associate that with timing of trading and running multiple large accounts. review you "movie" experience if nothing else.
Examine how a person gets to trade using the trading desk of his IB or broker. I would have to know the ID number of my agent(s) and I would be setting the fees and commissions. when a person is doing that, he usually "throws bones" for the convenience provided. And that person may have standing instructions for his clients he does coattail trading for.
How many ten of thouseands of trades do you think others have observed of me trading just considering the days before electronic trading?
There is no one who has ever disputed my results. Everyone who has seen my results wanted part of the action one way or another. The people who are criticising me are not disputing my results. what they are whining about is their poor phishing skills and their translation of what I say into what they call "claims". I do not make claims. I state the facts of my experience which has, for five decades, been observed by people who work for me as I trade.
In the opinion of most of these observers, I am from another planet and they do not have the ability to answer the question: "Who the hell is jack hershey?". All they know is what I do trading and the results of what I do trading. In other fields, I have enjoyed the same reaction from those I worked with. It is all very very humorous and a truly fun experience for all.
I may be a little different than most people; I find nothing wrong with that. Because I give everything away and do not keep things, I turn out to be something people are sceptical of and it cannot possibly be real.
We are starting a program for vets in Tucson this Fall. It has to do with the consequences of being taught how to kill others. The sponsoring group is truly uncommon. Putting a different first recourse in front of PTSD is almost as pleasurable as enabling families to "take" all the money they need for any lifestyle.
Learning to learn is an important topic. Knowing how the mind works is equaly important. as you see, my critics know little or nothing about either. They are in a tough place. What I post is based upon very very successful trading experiences for five decades. Anyone who is an expert trader can read and verify my skills to anyone who is not expert. See if you can find an expert and have him/her read enough to get you straight on this matter. Presently, your thinking, if any, is screwed up for some reasons.
