Jack Hershey Method: Beginner Rockets
- Thread starter Chicken Little
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Get of your high horse, dude...
We already know that you lied publically about being a member of the professorial body in some obscure community college. The only thing that you had in common with that college were your seminars that you happened to conduct in there.
Now, as far as 'the brightest minds in Europe' are concerned, I suspect that you have as much in common with them as with the professorial body in the said college.
Come on, who do you want to fool? You have no academic or even scientific standards, whatsover, and it shows. If you did, you would have known that references to 'the brighest minds in Europe' are of no value unless they are backed with some evidence. So who are these minds, where are their websites, where did they publish their work?
I am sure that you will not be able to provide this information here for the same reason Jack has never been able to meet any sensible challenge he was asked to.
I was a member of Academia, so was my friend I happen to mention here from time to time because he is a very good trader. Academia, just as about everything else, has its limitations. That's why I rarely ever talk about it or brag about my friend's or my own Ph.D.
A good trader does not need a Ph.D. and we are all traders here. Well, with some obvious exceptions that are pretty easy to spot. You are one of them.
Okay, well people were doing their normal best, until the comments about real time testing.
One of the purposes of following a standardized test protocol is to filter out ideas that possess little (or limited) validity as early in the process as possible. This makes it possible for the researcher to cover ground more efficiently.
I am not going to offer information as to how this is done. Frankly it gives me great comfort to know that you "real time testers" are out there helping me validate my own work. I would simply suggest that you have it ass backwards.
I do wish you all good luck on Monday
Steve
One of the purposes of following a standardized test protocol is to filter out ideas that possess little (or limited) validity as early in the process as possible. This makes it possible for the researcher to cover ground more efficiently.
I am not going to offer information as to how this is done. Frankly it gives me great comfort to know that you "real time testers" are out there helping me validate my own work. I would simply suggest that you have it ass backwards.
I do wish you all good luck on Monday
Steve
This is indeed what passes under the popular name "backtesting"
I often have expressed the opinion that strategy design and testing are growing together. Somebody mastering a profitable strategy would be a fool (1) to "share" his strategy; (2) to "share" his testing methodology.
It is obvious that one trader's gains are being paid for out of the losses of the others - abstraction made of commissions. Simple arithmetic makes it clear that for a trader to consistently accrue sizable gains, lots of losers have to chip in with losses. (this makes some assumptions on the sizable gain value and the limited value of the losses, the latter being assured by bankruptcy)
The above used to be (frequently) expressed at ET by the undisputed belief that the ratio losers/winners hovers around 95%. This frustrated loser's crowd loves to believe in stories like Jack's. After all, why try to upset the apple cart. Nothing can be done about this. Nimble traders with well designed testing methods will always exist and huge "share" yelling crowds of Jack lovers will chip in for us.
Jack, keep up your life's work of driving lots of your gullable believers onto the cliffs.
_________________________
"Subscribers here by thousands float, and jostle one another down, Each paddling in his leaky boat, and here they fish for gold and drown. Now buried in the depths below. New mounted up to heaven again, they reel and stagger to and fro, At their wits' end. like drunken men. Meantime, secure on Garraway cliffs, A savage race, by shipwrecks fed, Lie waiting for the foundered skiffs, and strip the bodies of the dead."
Jonathan Swift
Q
https://registration.ft.com/registr...s/s/073f7d7e-09ce-11da-b870-00000e2511c8.html
A foreign exchange hedge fund managed by Avinash Persaud, the academic and currency guru, has gone into liquidation, highlighting the difficulties faced by the sector since 2004.
UQ
BTW, did Jack ever have a fund?
anyone here who knows if such a book does exist or not?
maybe something like "sct will make you free", etc.
i mean - what's the problem? he could buy his own publishing house since he must have unlimited funds...
because if such a book does not exist - then i say this is the ultimate prove that everything he ever claimed was a lie.