Jack Hershey Method: Beginner Rockets

[Trader666]

Quote from oddiduro:

Marketsurfer advocated a very eye opening book a few years back, which I obtained, called "Envy, a theory of social behavior". It is a must read. Then come back and read Jack's attackers. It is almost laughable if it weren't so pathetic.

Best Regards
Oddi

Envy? Are you from another planet? ROTFLMAO!!!! Actually Oddi, what's "almost laughable if it weren't so pathetic" is your market knowledge and insight. For example:

"I contend that probability of success on any trade is 33.33%. So if a system tests for between 31 and 35% probability, regardless of market condition, it is robust."

Someone asked you why, to which you replied: "Up 33% of the time, sideways 33% of the time and down 33% of the time. If you use a large enough data set, you will see that this tends to be the case +/- a standard deviation."

 

[oddiduro]

Quote from rgn39:

nononsense

Do you have any working methods that you are sharing? If so could you please direct me to your posts? I just want to learn something that works. I have been reading posts here for quite awhile. I'm not sure what Mr. Hershey would have to gain by bullshitting so I will continue to read and try to learn. On the other hand I would be glad to learn something from the those who oppose his views if they have something to offer. There is a lot of bullshit on this board and very little useful information.

rgn39

Welcome to elite.

You will find that this poster and a few others have NEVER posted a system, they have NEVER even posted so much as a chart.

They are here simply to detract.

The best way to use the site is to do a search on posters that are positive in their attempt to promote a good learning environment. If you work in this way, you will have a very good chance to learn something from the site. The ignore function is excellent, you cannot even see if trolls have posted, it really speeds up the process of getting info.

Best Regards
Oddi

 

[Trapper]

I have been following these Hershey threads for a long time but have never commented. I do believe Jack has a viable stock trading method. Spytrader seem to be doing okay with this method. One thing I do not understand is, why does Jack not do live calls in the elite trader chat room. I am not passing judgement on the method but before I invested time in a method it would be nice to see it demonstrated live. Below is a good little story I found on a chess server.

I'd rather see a sermon than hear one any day; I'd rather one should walk
with me than merely tell the way. The eye's a better pupil and more willing
than the ear, Fine counsel is confusing but example's always clear;
And the best of all the preachers are the men who live their creeds, For to
see good out in action is what everybody needs. I soon can learn how to do it
if you'll let me see it done; I can watch your hands in action, but your
tongue too fast may run.
And the lecture you deliver may be very wise and true, but Id rather get my
lessons by observing what you do, For I might misunderstand you and the high
advice you give, but theres no misunderstanding how you act and how you live.

Best regards,


Trapper

 

[nononsense]

Quote from rgn39:

nononsense

Do you have any working methods that you are sharing?

I don't share working methods.
What gets shared is worthless crap.
Get yar Jack off his butt and start proving himself.

Further, we NEVER even saw the smallest backtest from yar master. He recently admitted this himself, none for any of his four methods. Like always, others are said to be working on this for #1 only. He probably has not the faintest notion of setting up a minimal test and may honestly believe others are as much dreamers as he himself.

 

[nononsense]

Quote from oddiduro:

rgn39

Welcome to elite.

You will find that this poster and a few others have NEVER posted a system, they have NEVER even posted so much as a chart.

They are here simply to detract.

The best way to use the site is to do a search on posters that are positive in their attempt to promote a good learning environment. If you work in this way, you will have a very good chance to learn something from the site. The ignore function is excellent, you cannot even see if trolls have posted, it really speeds up the process of getting info.

Best Regards
Oddi

oddi,

What the heck are you doing on this thread. I just asked ya that question but ya clammed up. I've never seen anything being "shared" by you.
Talking about: "posters that are positive in their attempt to promote a good learning environment", all I read coming from you are some Dutch Uncle wisecracks.

Why don't ya run a little backtest for master Jack? After ya're done, please shut up.

Only fools and lunatics claim to share money making tricks.

 

[steve46]

What I notice not only here at ET, but in every part of life, is that people "share" whatever they have. Sometimes all that they have to share is venal crap (like these last two posts). The fact is that people reveal themselves every time they take a moment to type these posts. They cannot help it. Each poster reveals a little more of his personality each time he or she posts. Eventually, we all get the message. Sooner or later we all know each other, whether we want to admit it or not.

Some of you want to be taken care of like little children. You want it delivered to you like a take out pizza.

Those of us who have had to grow up and "get it" on our own, want you folks to get off your ass and do some of the work yourselves. After all no one helped us (or did they?).

Others seem to have the magic touch. Things just seem to come to them easy. They have "all the luck". Most people applaud those folks, but secretly they want to shoot them in the head and dump their bodies off a bridge.

Our psychic lives are instinctual. We want to tear the crap out of everything we see and the only thing that prevents us is society's laws and the condemnation of our fellow man.

By the way, I have posted my share of venal crap. No need to get insulted. If I wanted to insult you circus animals, believe me I could do a much better job of it than that. What I suggest you do is to carry on as you were.

Trapper, in the tradition of helpless fuckups everwhere, keep asking for those of us who have a winning game to share it with you, and you alone.

And good Mr. Nosense, please keep kicking everyone in the ass. I cannot do it alone.

Good luck,
Steve

 

[Atlantic]

Quote from steve46:

The fact is that people reveal themselves every time they take a moment to type these posts. They cannot help it. Each poster reveals a little more of his personality each time he or she posts. Eventually, we all get the message. Sooner or later we all know each other, whether we want to admit it or not.

thank you very much for this post! i couldn't have said it any better.

for example - imagine somebody who claims to have found the holy grail, who is more or less the best trader in the world - maybe even the most intelligent person ever. but all this person does is producing thousands of posts with an average length maybe 10 times longer than the rest and written in a style that makes it impossible to understand most of it. if you dare to ask - you get attacked, etc. - but what you'll never get is results.

what does this eventually tell about this poster's personality?

(and imagine this poster claims he has written about 30 books in his life - but he refuses to tell their names. imagine this poster keeps telling he wants to help people and he wants to spread his great knowledge - about 50 years of trading - so why is it that this person did not write a book long long ago about all that trading knowledge - it should be a bestseller and all around the world there could be millions of people who now could trade this way and be very very rich).

yes - sooner or later EVERYTHING is revealed.

 

[ProfLogic]

Quote from steve46:

The fact is that people reveal themselves every time they take a moment to type these posts. They cannot help it. Each poster reveals a little more of his personality each time he or she posts. Eventually, we all get the message. Sooner or later we all know each other, whether we want to admit it or not.
Good luck,
Steve

Wonderful statement Steve.

 

[ProfLogic]

I get a kick out of individuals that cry, "Backtesting" every chance they get. I had the pleasure of sitting with a bunch of European researchers lately and they all were unanimously of the same mindset . . . backtesting offers only limited usefulness. The results that backtesting offers is only from a statistical or probability relationship which is not a clear representation of the true results of any method. Testing in realtime is the only accurate way to to test trading systems but the vast majority of traders are too lazy to spend the time or effort to accomplish it.

I'm on Grobs side. The one person he needs to persuade that what he does is perfect for him is himself. Anyone else that sees value in what he does, and there are many, can and do their own due diligence in realtime to prove it to themselves.

The individuals that keep whining, "Show me, show me, show me", will never amount to anything as traders anyway because they have no focus or determination to do anything on there own. They continue to copy those of marginal success trying to duplicate their actions instead of venturing out on their own to blaze new areas of successful trading. Then they continue to chastise those that offer new ideas because they are incapable.

Marketsurfer's offered book, "Envy", has it's own irony considering he recommended it.

 

[hypostomus]

Talk about revealing yourself! "European researchers"? Do I get the faint whiff of academe? Backtesting is the sine qua non of logical trading, Mr. ProfLogic. Have YOU ever in your young life EVER coded and tested? Somehow I doubt it, or you wouldn't write stupid posts like the last.