BE DO HAVE and Jack Hershey vs Objective Reality
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Wow, I am impressed by your intimate knowledge of the church sanctuary. You must have read every post of the Hershey threads.Quote from tazman:
So post yesterday, it must have been $50K plus right?!?! You are indeed great ballsie! (Even without posting you know you will always have my respect....)
So why do Hershey church members always have $10,000 - $99,000 days and turn $10,000 into $15M within a year and '3 guys going to make $45M in a year'? Doesn't anyone ever lose money or just do a shitty $300 day now and then?
BE DO HAVE vs BE HERE NOW!
another seasoned basher with a new handle?
It was a little funny wasn't it.
I especially like this quote from an ongoing Hershey inspired fantasy:
"Spotted the FTT at 09:45, no problem, but completely lost the plot after 10:20. Every FTT seemed to fizzle out, which in hindsight turned out to be a very volatile LTR traverse. The 5 min seemed âtoo coarseâ due to the high volatility, and I ended up widening my long channel 5 times. I found the Gaussians to be particularly difficult to follow. After each FTT I saw a BO of the current RTL but then b2b reappeared. Again with hindsight this looks very clear but it seemed highly confusing at the time."
The Hershey fantasy is that losing trades are called "mistakes" and with enough whatever they will eventually be eliminated. Objective reality dictates that uncertainty is always present in trading. Identical looking situations with respect to similar "data sets" ,as JH terms them, will not always produce the same result. In a binary activity,i.e., win/lose,in/out,long/short this shortcoming must be dealt with by resorting to probabilities. Probabilities are something which Hershey denies. He asserts that the market can be known with certainty. New traders seem to agree. Seasoned traders know better. Another chasm not to be bridged by US to THEM.
"Spotted the FTT at 09:45, no problem, but completely lost the plot after 10:20. Every FTT seemed to fizzle out, which in hindsight turned out to be a very volatile LTR traverse. The 5 min seemed âtoo coarseâ due to the high volatility, and I ended up widening my long channel 5 times. I found the Gaussians to be particularly difficult to follow. After each FTT I saw a BO of the current RTL but then b2b reappeared. Again with hindsight this looks very clear but it seemed highly confusing at the time."
The Hershey fantasy is that losing trades are called "mistakes" and with enough whatever they will eventually be eliminated. Objective reality dictates that uncertainty is always present in trading. Identical looking situations with respect to similar "data sets" ,as JH terms them, will not always produce the same result. In a binary activity,i.e., win/lose,in/out,long/short this shortcoming must be dealt with by resorting to probabilities. Probabilities are something which Hershey denies. He asserts that the market can be known with certainty. New traders seem to agree. Seasoned traders know better. Another chasm not to be bridged by US to THEM.