BE DO HAVE and Jack Hershey vs Objective Reality
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Like I said before, do your OWN work. Read up on the material yourself. If enough people are so dedicated to this method and find much worth it in, that alone should make you curious enough to at least read the thread and the materials within it. If you are too lazy to do that, then thats your own fault.
Quote from virgin:
Probably Jack can't find back his own track record (just a detail)
1. I am grateful that Jack has invested so much time in helping others and the volume and quality of his work indicates to me a genuine altruistic passion and understanding. We shouldn't badger him for proof when we can investigate the methods he generously outlines for ourselves.
So in that sense I agree with what you said above.
2. However, if someone is going to claim that they make unfathomable amounts of money and then also claim that this is easily provable then I think it only makes sense that people ask for said proof. Being given the answer "It's out there, somewhere," is pretty lame especially because people have tried to find it 'out there' and only found what was stated above.
So in another sense what you're saying is absurd.
3. But I must concede that Jack has a point about detractors who say what he does is 'impossible.'
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." -Mark Twain
P.S.
In this recent post:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1363510#post1363510
Jackass Hershey told me: "The A team is old hat we are now the PhD's.. Keep up with things."
What does that stand for?
Pseudointellectual Hersheyean Dumbasses?
Phoney Hersheyean Dreamers?
Psychotic Hersheyean Dementheads?
Any other ideas?
In this recent post:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1363510#post1363510
Jackass Hershey told me: "The A team is old hat we are now the PhD's.. Keep up with things."
What does that stand for?
Pseudointellectual Hersheyean Dumbasses?
Phoney Hersheyean Dreamers?
Psychotic Hersheyean Dementheads?
Any other ideas?
Why do you think anyone owes you anything? I would agree if someone was charging for some service, then asking for results are a must. But this stuff is here for anyone to read at no cost. If you want to learn and see whats up, READ THE STUFF.
And its not me coming in to defend him, I just dislike the attitude that you have shown here. I am posting b/c of that. I spent a lot of my own time reading and understanding it myself, no one showed me any of their numbers. I took the initiative myself. I read and found great value in it so I continued to read and apply the stuff. My point to you is, see if it adds value to you and then decide if you want to proceed or not. Badgering someone for their #'s just gets old. Either you'll take time out of your schedule to see it for yourself or you wont. I dont understand why this concept is so difficult. Just do it!
And its not me coming in to defend him, I just dislike the attitude that you have shown here. I am posting b/c of that. I spent a lot of my own time reading and understanding it myself, no one showed me any of their numbers. I took the initiative myself. I read and found great value in it so I continued to read and apply the stuff. My point to you is, see if it adds value to you and then decide if you want to proceed or not. Badgering someone for their #'s just gets old. Either you'll take time out of your schedule to see it for yourself or you wont. I dont understand why this concept is so difficult. Just do it!
There is good news and badnews.
GOODNEWS:
Maks backtest of whatever produced 7X the range for that day in the ES.
BADNEWS:
The average profit per trade was less than commission.
extracted quote:
from makosgu With V alone, I had attained a computer efficiency of 7x on several days (forward testing with real money). I stopped the forward test since the commission was a killer at $5/rt/contract (POS). Curious, are there commission structures in which it's per execution as opposed to per contract and execution?
link to the full quote:
http://www.elitetrader.com/vb/showthread.php?s=&postid=886815&highlight=forward+test#post886815