JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*
- Thread starter bwolinsky
- Start date
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Seriously, I really did, and I was shocked you didn't come crawling out of the woodwork in the last thread I exposed Jack, even after he threw you under the bus, claiming you never wrote his systems.
I see now both of you have a problem of posting "EDUCATIONAL" programs.
If the scripts are just for indicators, well, we have ScottD who has conveneintly exposed the logic of the system for 5 minute bars, something you obviously were never privvy enough to his inner circle to ever see... until today.
You want comedy? How about these quotes from Jack, your master and guru? And what does that say about you? 
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426
Quote from ehorn:
I just went to make a hot fudge sundae...
But it is hard to refresh the page and catch the latest humor in realtime with the bowl in one hand and the spoon in the other...
Note to self: Next time make a milkshake...
LOL!
LOL! There is no inner circle. I know it can get confusing at times for people. Jack is an advocate of Price and Volume. The very techniques Spyder has taught in his Journals. In your haste to pilfer some code snippets for your purposes, you must have overlooked that post.
Because I didn't write any systems. I wrote chartscripts which identified Rank and Dry Up.
As such, Jack spoke the truth. You defined what I authored as systems, since they are not 'systems', Jack's posts indicating I had not authored any system of Jack's remains true and accurate, and not, as you gleefully suggest, an example of tossing people under public transporation.
This just gets better and better. I wish I had stopped to read your delusional rants sooner. I haven't had this good a laugh in ages.
Please, do keep the conspiracy theories coming.
- Spydertrader
Quote from Trader666:
You want comedy? How about these quotes from Jack, your master and guru? And what does that say about you?
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426
I take the Jiminy Cricket quote.
Long + Short
Starting Capital $147,000.00
Ending Capital $208,884.66
Net Profit $61,884.66
Net Profit % 42.10%
Annualized Gain % 18.80%
Exposure 0.80%
Cash Interest $0.00
Margin Loan Interest $0.00
Total Commission ($5,922.00)
DividendsPaid $0.00
Number of Trades 104
Avg Profit/Loss $595.04
Avg Profit/Loss % 0.11%
Avg Bars Held 35.38
Winning Trades 43
Winning % 41.35%
Gross Profit $125,941.32
Avg Profit $2,928.87
Avg Profit % 0.52%
Avg Bars Held 76.26
Max Consecutive 3
Losing Trades 61
Losing % 58.65%
Gross Loss ($64,056.66)
Avg Loss ($1,050.11)
Avg Loss % -0.18%
Avg Bars Held 6.57
Max Consecutive 5
Max Drawdown ($48,485.69)
Max Drawdown Date 10/10/2008
Max Drawdown % -19.61%
Max Drawdown % Date 10/10/2008
Wealth-Lab Score 1,893.52
RAR 2,355.28
Profit Factor 1.9661
Recovery Factor 1.2763
Payoff Ratio 2.8397
Sharpe Ratio 1.2117
Ulcer Index 8.6905
WL Error Term 3.616
WL Reward Ratio 5.1988
Luck Coefficient 10.9515
Pessimistic Rate of Return 1.5039
Equity Drop Ratio 0.2168
Just so you know, I was not expecting it to even be profitable. But now we see APR and DD is about at parity.
I want to go buy my steak from Ruth's Chris, so I'm out of here. Just for finality, here's the program one more time in WL.
I think what will be a relief for both sides is that we know what the conditions are, after years. Having the program is more important for other people to be the judge. My take is that I have better systems.
Jack and his followers are masters of marking up a chart at the end of the day showing where they entered and exited.
I have never understood their claim to want to "help" traders, but when asked to show this help in real time ... their not interested. Instead they mark up more charts describing the action that has already happened.
Prove me wrong and make some live calls.
I have never understood their claim to want to "help" traders, but when asked to show this help in real time ... their not interested. Instead they mark up more charts describing the action that has already happened.
Prove me wrong and make some live calls.
I have never understood their claim to want to "eat" a fish without learning how to fish themselves, but when asked to do the work in real time (learn how to fish)... they're not interested. Instead they mark up more posts describing that they are hungry but too dam lazy to do the work to learn how to fish.
Prove me wrong and do some work.
It's done ...
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