BE DO HAVE and Jack Hershey vs Objective Reality

[Tums]

all the answers to your questions are on the internet. You can start from here:

http://groups.google.com/group/misc.invest.technical/search?q=hershey&start=10&sa=N&

 

[^^^^^^]

Quote from makosgu:

Relax! Life is good! I've been there done that with ALL of the above. IPOs (going on #2 now), backtesting, hedge funds... 1. The hedge fund didn't make sense because you get a fee and have to answer to somebody. As for testing, you probably missed my buried FORWARD TEST that's posted somewhere. Some have seeen it recently and it is nothing short of an eye opener. It is computability at it's finest. 2.My unposted backtests and forward tests have been repeatedly verified as "unbelievable". It definitely raises more than a few eyebrows outside my office door and on the cube farm. No doubt, not having is alot more frustrating than having. What is rarely clear is that hiking to the summit is exciting. Shortly after reaching the summit, it becomes anticlimatic. There is a very very strong reason why people make an effort to stay under the radar. Presumably, were you me, you would want to too. 2.

1. I'm sure Paul Tudor Jones who is reported to have earned $500 million using CW (conventional wisdom) running his hedge fund may now breathe a sigh of relief that you are not hot on his heels with Jack's SCT.

2. Are you referring to the forward test you did with real money which you subsequently terminated because even though it produced 7X the range, as you put it " the commissions were a killer".
That is just so rich. Thanks for your posts. They are really something.

 

[Joab]

Quote from Steve Tvardek:

No offense, but who cares about your questions getting answered. If you are interested in learning, go do all the necessary reading and learning on your own. Its all there. If you can see the potential, spend a few months getting adept at all the drills and things that are necessary. Do you think I, or anyone else, would blindly follow someones word that something works? No way, I spent 1 entire week just reading everything I could get my hands on involving SCT. I spent probably 6+ hrs everyday just reading and learning. No one says it will happen overnight or that its easy but you cannot be lazy. But I can assure you that the info is priceless.

Steve

They just don't get it and never will.

 

[rhymeswithorang]

"For energy rips pick up on the Goldman S. radical Jeff (now retired) He is a closet trader kind of guy since he is so vaccinated by the Goldman quants...."

What the hell could this mean? I mean, I understand that Jack operates on a higher plane than the rest of us. But......

 

[virgin]

Jack_Hershey ; "I have a track record; anyone can do the search to see it."



I just ask to post a link to that track record thread ...

 

[PointOne]

Quote from TudorJones:

I know whatever BS jack is peddling won't work... Others are skeptic, which they have every right to be.... for the claims and a gross exaggerations he and his followers are making.

I couldn't resist jumping on this assertion you make. Cracks me up when people say they know something when the evidence suggests otherwise.

So Mr Harold Balls took around 30 points in 2 trades with 25 cars using channels and the FTT. Ballsy trade! Give me some of that.

Nothing to see here, move along please...

Play nicely.

 

[PointOne]

Quote from rhymeswithorang:

"For energy rips pick up on the Goldman S. radical Jeff (now retired) He is a closet trader kind of guy since he is so vaccinated by the Goldman quants...."

What the hell could this mean? I mean, I understand that Jack operates on a higher plane than the rest of us. But......

Translation:

"A gifted old school energy trader shares a similar approach to the market as Jack. While he was at GS, he had to remain within the conventional wisdom of the macro-quants."

I thought you were objectionable up til now, but now I understand you are just a bit dim and harmless.

 

[TudorJones]

Quote from PointOne:

Play nicely.

I am not a big fan of Mr. Hershey..

But, I shouldn't ridicule his methods too much on the fact that it doesn't fit my trading orientation or on the fact that it doesn't live up to my own system capabilities.

Sounds like his method works, and have worked for many of you.

I admire the fact that Jack is willing to take his time to help others understand his methods... (albeit in a long-winded way).

 

[Van Halen]

I don't have a dog in this fight and personally don't care if Jack is the worlds best or worst trader and wish him no ill will.

But I do know that he claimed on another thread several weeks ago that he was going to take x dollars and turn it into xxx dollars by years end. He said he would document these trades.

As far as I am aware this is not happening. Jack correct me if I am wrong. This is the internet, anyone can claim great things. I think those who do shoud either 1) prove it or 2) keep brags to friends and family.

My two cents.

 

[PointOne]

Quote from Van Halen:

I don't have a dog in this fight

Interesting choice of words. I do not see it as a fight, more like 2 camps: The amused and the confused.

Anyway it is the year of the golden pig, dogs were last year.


This and other similar threads makes me think of 2 proverbs:

casting pearls before swine;
you can't make a silk purse out of a sow's ear.


OK, let's get back to making bacon.

Oink!