Duref Mudgins Invites Jack Hershey to Reminisce

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Quote from Jack Nestle:

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Quote from jack hershey:


Everything we have been doing is designed to help people learn effectively and efficiently.


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You and your kool-aid drinkers are masters of letting the market play out and then marking up your charts to tell your mindless followers where they should have entered / exited after the fact.

I challenge you to make real time trading calls with me, live for one entire day. No end of day mumbo jumbo. Nestle is ready to kick some Hershey ass.

For your convenience we can trade any instrument of your chosing. [/QUOTE]

you are wasting your time with such a challenge.

at best one of of his minions will come out and post how his proven methods and track records are scattered throughout the web..... and that all you just have to look for it. if you dont it will mean you are lazy and not worthy anyway.

jack has a silver tongue that is able to entrance some people out here in the same way a siren could entrance a passing sailor in the days of yore. once you drink from the cup.... there is no way to bring that person back. thank goodness lilducks dont drink kool-aid!

Why do i keep harping grob??
well, i just have a problem with people who think they are so superior to everyone else.... and have the gall to call 80% of the traders out here "stupid". a real gifted person regardless of the profession does not spit down on others. there are other reasons..... being that am a gentleduck i will not go into.

Steven Hawking... most likely the most brilliant scientist in quantum physics that ever lived, was once asked what his IQ was. He simply said that he didn't know and that it doesnt matter.
This is a man that solved a mathematical scientific problem that was regarded as unsolvable.

Grob is just a punk who thinks by speaking in fancy terms will be regarded as a market guru. the only people who fall for that are the newbs.

what good is knowledge if it can not be conveyed .

Grob needs to spend a few bucks and buy a book called "How to communicate effectively".

Now before some of you think of me as a troll for speaking out against your leader, understand that am just a happy go lucky lil duck that means no harm, but grob has insulted my honor a while back. I never said anything then... kept my beak shut, but then i proved this market guru wrong by making money! I didnt always make money the correct way in trading... i will admit that, especially 2 years ago when i made that suicide trade on the S&P.... and it so happened to go my way......very very lucky. I cashed out and enjoyed some time off. It was a small fortune for me but was a totally irresponsible trade.... i admit that, but for the most part i do make proper trades and of course am very good at picking turning points in the market. Not has good as some of you.... but good enough to have proven grob wrong.

I also like to lay out everything out on a table.... clearly. I have no problem letting new traders know the reality of this business. I dont use mirrors or pump smoke into ideas in order to beguile others. Not that i couldnt........ its just that i choose to post in a simple and entertaining way... thats all.

Grob chooses the opposite approach, but the end result is the same.... an entertaining way...... except mine is done on purpose.

Grob takes my "lilduckling" persona and proclaims that i dont have a change.....AS IF THE MARKET REALLY CARES ABOUT ANYBODY!

THE MARKET WILL GRIND UP A SPIT OUT A SCHOLAR JUST AS FAST AS IT WILL AN IDIOT.

the bottom line ....... and the only bottom line, when it comes to this business is..... are you making money?

thats it.
 
The reason Hershey gets so much criticism is because he is trying to teach a 12th grade course to highly outspoken ignorant and irrational third graders. It is both the fault of the third graders being ignorant and Hershey trying to teach them.

Being successful in the stock market is impossible to teach. The day you use someone else's strategies is the day you become mediocre. A successful day trader is similar to a successful entrepreneur. The successful entrepreneur never went to the library to read the latest book on becoming an entrepreneur. The successful entrepreneur and day trader spent countless hours indulging their environment. They study it so much that they have a massive amount of trust and it becomes instinct. Hershey claims you should not have overriding emotion while trading. He is right. The way he describes the mindset of successful trading is also correct. It is sad to be absolute about this idea but people who disagree with this basic premise are the ones who do not have the ability to take advantage of it and thus be successful traders.

Great spirits and ideas are often violently opposed by mediocre minds.
 
Quote from pdbro:

The reason Hershey gets so much criticism is because he is trying to teach a 12th grade course to highly outspoken ignorant and irrational third graders. It is both the fault of the third graders being ignorant and Hershey trying to teach them.

Being successful in the stock market is impossible to teach. The day you use someone else's strategies is the day you become mediocre. A successful day trader is similar to a successful entrepreneur. The successful entrepreneur never went to the library to read the latest book on becoming an entrepreneur. The successful entrepreneur and day trader spent countless hours indulging their environment. They study it so much that they have a massive amount of trust and it becomes instinct. Hershey claims you should not have overriding emotion while trading. He is right. The way he describes the mindset of successful trading is also correct. It is sad to be absolute about this idea but people who disagree with this basic premise are the ones who do not have the ability to take advantage of it and thus be successful traders.

Great spirits and ideas are often violently opposed by mediocre minds.
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This must be one of grobs generals...... well i agree 100% with what you say about one not becoming successful if the follow someone else.

I have been saying that on here for 3 years now.

Even if that person IS successful, you most likely will still fail..... even if you follow that mentor or guru or whatever you wanna call it, down to a tee. And this is a fact for all time frames.

Its because everyone sees and processes information different..... mentally reacts different...... deals with success and failure different....etc etc etc.... otherwise there could be no markets .... overtime the balance would be skewed to where we would have 97% successful traders and 3% failures.

Could Picasso train you or I to paint just like him?? Yes, he could try..... but we would never get it.

Is trading a skill or a talent??
Is there a difference ? If so, what is it?

My beef is not whether Grob is as good in the markets as he says he is..... i dont know, no one here knows except him... i do take some exception to his claims however.... my point is that......
..............................................
he is a bitter, cocky, full of himself.... as a trainer, that puts other people down and implies that if one has the ability to follow him, then the grail awaits them.
So the first barrier one must go through is this wall of fancy speak ........ pure nonsense...... incoherent string of baloney with the fog and mirrors is all that is.
its so classic.

The other thing is this..... why??
Why would someone go out of their way to help others?...... through the kindness of their heart?

there are two problems with this:

1. If i know a secret to making money, i am not going to tell you... sorry but i wont. Neither will anyone else.

2. Ok... so the point is that grob is not teaching anyone how to make money... he is simply unlocking your potential in you.... training you to think a certain way to unlock your own success in the markets. Well... i refer this to the Picaso statement i made above.

because lets face it.... trading into success is a one man journey.

There are plenty of HONEST people or services here and outside of here that are available for help.... some free..... some not, but lets all be honest here and admit what they are for....
just to help in the very basics of this trade.... just to get started... just to set the foundation of what are the markets......the honest people or services will tell you they teach you how to trade, NOT how to make money.

I guess theres no point in going on with this...... no minds will ever be changed.
 
Hey lilduckling i agree with you. First of all i agree that Hershey does come off a bad way. Most of the time when he could just pleasantly agree and add a sentence or two he writes a novel about quantitative mind pyschotics or something which is very uneeded and unwelcome to most readers here which also comes off as narrow minded. It's almost as if he cannot write any other way. Some one really just needs to convince him that this stuff cannot be taught.

I do not know if he is the most successful trader in the world or some crazy old geezer but i really don't even care. What i do care about is reading opinions that inspire and motivate. I can't help feeling motivated by Hershey because at the end of it i am reminded that the stock market is a black hole of interpretation and strategies. The more deep and straight the study the more amazingly profitable strategies come to you. Hersehey may seem almost bogus and mystical at times regarding his philosophical and distant theories but with that he truely embodies the power and unlimited potential of what we traders can do in the stock market. Whether he is right or wrong, successful or not, he delievers a positive light which should not be shut out.
 
Quote from lilduckling:

Jack, what happened between you and T28??

Surely there must be some history there for him to be so relentless in his attacks on you.

Sure sure, some others on here may once in awhile take a jab at you..... but T28, well ...... i dont know, it just seems different........ did you jilt him somehow..... or maybe a misunderstanding???

just wondering :confused:
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OCD uses three locations in the brain (mind). Ordinarily, they are sequential and fire briefly in an order. This is what regular normal people do.

In this person, as you see, The last circuit is always on. It doesn't shut off after a prior stimulation.

So the result is very frequent rep rates with not much change in the looping activity.

It has nothing to do with one individual as a traget. There are many targets all having a common characteristic that relate tothe first area of the brain which is getting flags as a consequence of
searches.

Ordinarily, a search is done by someone and he is updated and his mind completes a loop by the manner inwhich the third step is pulsed on and then off. Here we see a loop does not register as complete. He keeps his serch up and goes to all areas he participates in. Anything that follows his posted mantra just allows him to take another lap as soon as he reads what followed (he may not read it but just take a key word that acts as a trigger a handle for example that he has built a mantra for).

As may be seen by the potential trader trip he took from going to web sites (pay types) to "systems" and on down to "price action" (scalping oriented only), he has now excused himself from trading through the tough circumstance of crossing the line where things become irreversable.

There was a thread that had a topical focus that could have led others to become aware of the path we were priviledged to see happen here. Its not going to happen.

A lot of things happen here that are very significant. They may not be personal but they are significant as things to learn from.

I often wonder why it is not possible to work through issues. It isn't being done in the here and now.

Daily, I get the opportunity to pass on what could be reconcilliation processes. Some are so unfortunate.

Whether something is OCD or not is only important to each individual involved. For me it is not important because I am only the subject of the OCD behavior. To onlookers, it is unfortunate because it is unnecesary in terms of the quality and vitality of the web site. It is only important to the victim of having OCD. The consequence of the behavior is real. Repetition is what builds the mind's connections. Daily, they are being built on the intellectual level you see. The skills are expressed in "twarting time" as we see. Too bad.

We see it has plateau'ed as a several part sequence:new ID, tagging the new ID with the mantra by taking a lap around the search target areas, dueling with mods to end the ID, regenerating a new ID in the shortest time possible. It is unique compared to aurguments others have in ET; there is no aurgument with Steven. He excluded himself from what I and others do.

As a price action (Scalping preference) trader, it would be great if this person was affiliated with others of similar interest and learning from them. I beleive he knows this isn't possible any more since the OCD steps in front of everything nowadays.

As for me, I am used to contributing with the punctuation of his ilk. I also get the enjoy the supreme collegual relationships with other practioners of high velocity trading. Now, our combined activities are moving it forward and supporting it electronically so that a broader and broader spectrum can have the wealth it generates.

People such as you chide me for your reasons and purposes; it is not possible to relate. You do your thing and do not have an interest in what I espouse.

2008 will be the best year for several reasons which will become very apparent soon. It is also true that several financial industry's practices are coming to an end, all to the betterment of things.

It was good to see on CNBC a n00bie win the contest (Maybe the CNBC people will catch on to having a good rule set for next year). Such a nice contrast for the talking heads and the winner.
 
Quote from jack hershey:

There was a thread that had a topical focus that could have led others to become aware of the path we were priviledged to see happen here. Its not going to happen.

2008 will be the best year for several reasons which will become very apparent soon. It is also true that several financial industry's practices are coming to an end, all to the betterment of things.
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There was a year, 2012, that had a topical focus that could have led others to become aware of the path we were priviledged to see happen at that time. It was going to be the best year for several reasons which would have become very apparent at that time, if not sooner. Some bad things were going to end all to the betterment of things.

Now its not going to happen.


Jesus:D
 
At the beginning of the SPM a few things came up.

Rather than post in SPM, I felt that a couple of tweaks could handle the cause of losses out weighing gains. I PM'ed him so he could make the changes in the journal himself.

Substantively, the MACD was "bridging". And he did not know how to "read" indicators.

A solution was to change the default to the one mentioned in the Q &A section of MACD of Christopher Lott which I authored before ET was around. No change was possible, he said.

At that time Trader28 was venturing into his first thread on a system (SPM) following his paid subscription period of learning on other web sites. SPM went by the boards atsome point.

At that time Steven was also in touch with others in Tucson on a buying expedition. That is how all of us came to have his wire transfer numbers which to this day we have refrained from posting. His phone number has been posted but not by me since I do not do phone calls with people that are mostly on the take.
Some things he wanted to buy were not for sale.

He was, at the time of SPM, very steadfast about being right rather than being rich. Since then, you can see the topics he mirrors the most as he has moved from "inventing" after not learning. He is now at the PA stage (scalping oriented) of going toward the exit of trading. He blew his trading cover badly recently. Concurrently, as mentioned, he has found several targets to hit to deal with his state of mind. I am the one he targets with pictures and a mantra. for awhile he quoted from a very broad range of past postings I have made in several forums. This is not the only forum he uses to disparage me.
 
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