I think he means hi<i>Jack</i>ed...
Exact Science
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I think he means hi<i>Jack</i>ed...
Why would they give the failure rate? Its obvious what it is.Quote from Petsamo:
I came out with a spreadsheet, where I quantified that if FXI & INP finished above or below their target prices, there's a 60% probability that SPY will gap up or down the following day. So, there's a 40% failure rate.
The problem with these technicians is they generally don't give failure rates. Like this Hindenburg Omen, for instance, "Oh my God! The market's gonna crash!"
Here are his exact words:
I do reach my goal of 3x H-L in ES as a practice.
http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=reach+goal+3x#post912447
Losses are not part of SCT trading on any level of skill.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2836455#post2836455
But to put those claims in context, here are some other things Jack's said:
For a while I participated with a multidisciplinary team at a learning hospital at the invitation of my psychiatrist who is also a Native American shaman.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191
Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468
This is THE place in THE world to be when I post. If you are so stupid to not have 3m micorpore tape to tape your mouth shut, then use the stupid person's painful type tape.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426
what distinguishes me from Forbes 400 people is that they are greedy and selfish and I am not
http://www.elitetrader.com/vb/showthread.php?s=&postid=2610703#post2610703
Several departments of the government pay people to watch me with equipment the government purchases to better enable them to watch me
http://www.elitetrader.com/vb/showthread.php?s=&postid=2878538#post2878538
I do reach my goal of 3x H-L in ES as a practice.
http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=reach+goal+3x#post912447
Losses are not part of SCT trading on any level of skill.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2836455#post2836455
But to put those claims in context, here are some other things Jack's said:
For a while I participated with a multidisciplinary team at a learning hospital at the invitation of my psychiatrist who is also a Native American shaman.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191
Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468
This is THE place in THE world to be when I post. If you are so stupid to not have 3m micorpore tape to tape your mouth shut, then use the stupid person's painful type tape.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426
what distinguishes me from Forbes 400 people is that they are greedy and selfish and I am not
http://www.elitetrader.com/vb/showthread.php?s=&postid=2610703#post2610703
Several departments of the government pay people to watch me with equipment the government purchases to better enable them to watch me
http://www.elitetrader.com/vb/showthread.php?s=&postid=2878538#post2878538
I have been trying to verify some of your claims Jack but all I seem to be able to find is rather unflattering, how much of what is below is true?
Jack Hershey has a tax lien against him for unpaid taxes to the tune of $82,000 that was filed in 2006. If you go to Maricopa County's recorder web site (http://recorder.maricopa.gov/recdocdata/) and type into the Recording Number fields, the following number: 2006 1575958 and click "search" you will be able to see the recorded document.
A background investigation also found that he has no real assets (in terms of real-estate) and does not sit on the board of any company... in fact he is broke and in debt... evidence also shows that Jack has a few failed marriages behind him where he has left monies owed in the split ups. He currently resides in a very modest house owned by his latest partner and lives off her income.
This man has never made a cent trading, that much is obvious.
Let's see what happened when SCT told Jack the most important turning point in his 53 years of trading was about to occur
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2776348>
The only time Jack has ever gone on record he came DEAD LAST in a trading contest in 2002 without the heat of real money..
His number 1 protege Spydertrader and leading exponent of his method turned up at a traders expo so poorly dressed he had to be marched to the cloak room by the hostess and given a decent pair of shoes to the horrified embarrassment of all the other traders there.
Quote from Trader666:
Here are links to a few of my backtests of Jack Hershey's "methods."
Every once in a while, Hershey would screw up and describe something in enough detail to backtest it.
"Rocket" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1112121
"P,V Boolean relation" equity curve:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1278986
Jack Hershey has a tax lien against him for unpaid taxes to the tune of $82,000 that was filed in 2006. If you go to Maricopa County's recorder web site (http://recorder.maricopa.gov/recdocdata/) and type into the Recording Number fields, the following number: 2006 1575958 and click "search" you will be able to see the recorded document.
A background investigation also found that he has no real assets (in terms of real-estate) and does not sit on the board of any company... in fact he is broke and in debt... evidence also shows that Jack has a few failed marriages behind him where he has left monies owed in the split ups. He currently resides in a very modest house owned by his latest partner and lives off her income.
This man has never made a cent trading, that much is obvious.
Let's see what happened when SCT told Jack the most important turning point in his 53 years of trading was about to occur
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2776348>
The only time Jack has ever gone on record he came DEAD LAST in a trading contest in 2002 without the heat of real money..
His number 1 protege Spydertrader and leading exponent of his method turned up at a traders expo so poorly dressed he had to be marched to the cloak room by the hostess and given a decent pair of shoes to the horrified embarrassment of all the other traders there.
This is the only student of Mr Hershey that I can find who actually talks about profit/loss:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=2009
It seems he starts a thread for a year and then when all the students have blown up he starts another with fresh suckers. I'm surprised this site allows it.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=2009
It seems he starts a thread for a year and then when all the students have blown up he starts another with fresh suckers. I'm surprised this site allows it.
WTF? Are you claiming some sort of association with him? (BTW -- I've studied with him, so don't bother with any BS).