Jack Hershey Method Since 2008
- Thread starter bwolinsky
- Start date
FF:
You have made a lot of good suggestions.
I see some risks for the POA's.
I also feel I would have to modify my display on the trading screen to deal with lessening these risks.
The other screens involved are where I annotate. On those screens, presently, I do not make symbols for reversals.
To combine the views I use would mean editing which is now called photoshopping (or whatever the word is for the video level) by most.
What we do at the office is video tape (camera on a tripod and an ooperator) with audio. In those I "call" the market using an offset (leading) like 5 to 10 minutes.
Sometimes I make a log on a white board (while being taped) and fill it in as bars pass or I fill it in in advance.
So right now there are zillions of hours of these tapes and more hours of Q and A. a lot of tapes are put on CD's and handed out. The Q's come up from those practising the system. What I do is create answers by using the unfolding market as the context.
I am wondering if my most recent example of three days helped?
It seemed so straight forward.
1. The day before gives the opening bar entry
2. You make 1/3 or more of margin on the opening trade each day.
3. You time the reversal to stay on the correct side of the market.
Looking "over my shoulder is like:
I walk intothe trading room before open and I say "we will go X on the first 30 seconds of bar one. You see this from bar 78."
For 2., a person could offset the entry by 10 points or just look at the BO of the RTL to do a lagging CW trade.
For 3, we just log the OOE's. The logs are pre-printed and in a pile on the main table we sit around. The OOE's are all known since this is a learned result of drills. All the OOE's for the geometric silo are posted. The graphic is posted.
In the past I did have three addtional seats around my seat in my personal office. People learned my "tells"; they were physical tells that came before trades. I changed the mouse I was using. Vocally, I called the reversal before I did it.
The trading screen looks like a pinball machine as the partial fills stream quite fast for being able to read values. Then it gets static.
One person noted that in 9 minutes the realized profits changed by 13K. He was commenting on a two bar period where two trades occurred and the second one increased the net by 13K. The cell that shows unrealized profits (could be losses I suppose) keeps jiggling around quite a bit all day long.
I write all the time. Sometimes I do 6 rows of a log on a five minute bar. Tons of different kinds of logs have been posted.
Trading is a groove. The Nike thing explains it all: Just Do It.
My mind got filled with knowledge and I am skilled. 2 +2 in this case is "unbelievable".
Now, when I go to the Tucson office, it is always the "best day we ever had". What that means is that a group of people are all staying on the same page.
I think that for the public it is always just going to be "unbelievable". Some one on ET invented that I was unbelievable.
Today, Covel has a new scheme running. He does a blog. ET doesn't blog except for journals. He thinks he can ask me questions in real time trading. He thinks he can type up my comments in real time from some means of his getting my answers. This guy is in la la land as usual.
Ask yourself: who can ask me the correct questions so that something informative is going on?
Have you ever seen a trading contest in real time at TradersExpo. I have. I signalled a friend of mine in the contest during the contest. We talked later. He was really pissed at the moderator. He really played the market perfectly; the audience was just "out of it". He took every nickel the market offered.
At the beginning he had to interrupt the moderator to get into a trade instead of missing the trade. The moderator did NOT know anything about what the market was doing.
At some poiint, web sites on trading will be moderized. I remember in the late fifties airlines went real time in their operations. Only 60 years have passed. Someday there will be real time webb sites for trading.
I am typing here. Do you think covel was going to type a quality Q to me? So far he just grandstanded and no Q's so far.
Do you think Covel had his head so far up his ass that he thought I was going to type the market in real time for his benefit?
In ET, ET makes enough money to keep it slow and easy but there is little information exchange.
ET is not a place that deals with skills in any way.
Sorry, I can't figure out how to let you look over my shoulder. everyone that does is in Tucson.
Hi Jack,
My orientation is usually towards solutions rather than problems. It is not: It doesn't work but rather: Why doesn't it work and how could it work?
I see how you try to explain me why something wouldn't work but intentionally or unintentionally your "issues/problems" contain the answer. Let's take your very last paragraph: "...Sorry, I can't figure out how to let you look over my shoulder. everyone that does is in Tucson.....". The solution is simple. If you can't make a recording of your screen, then send me the address in Tuscon and I will be there. Look for solutions rather than problems.
Or if I go to the beginning of your reply... There you talk about video tapes put on CD. OK, here another example of a solution: I will give you my address and you send me some of the CDs. Is that better?
Regarding your question: "Ask yourself: who can ask me the correct questions so that something informative is going on?" This depends on the perspective. "Informative" for whom? Covel will probably ask you questions which will produce something useless like the "Market Wizzards". People who already put some effort in understanding your method will have other questions. Their questions might be more relevant.
Going back... Which of the of the solutions I proposed above do you prefer?
You're down 16.2% since inception.
Quote from frenchfry:
Hi Jack,
My orientation is usually towards solutions rather than problems. It is not: It doesn't work but rather: Why doesn't it work and how could it work?
I see how you try to explain me why something wouldn't work but intentionally or unintentionally your "issues/problems" contain the answer. Let's take your very last paragraph: "...Sorry, I can't figure out how to let you look over my shoulder. everyone that does is in Tucson.....". The solution is simple. If you can't make a recording of your screen, then send me the address in Tuscon and I will be there. Look for solutions rather than problems.
Or if I go to the beginning of your reply... There you talk about video tapes put on CD. OK, here another example of a solution: I will give you my address and you send me some of the CDs. Is that better?
Regarding your question: "Ask yourself: who can ask me the correct questions so that something informative is going on?" This depends on the perspective. "Informative" for whom? Covel will probably ask you questions which will produce something useless like the "Market Wizzards". People who already put some effort in understanding your method will have other questions. Their questions might be more relevant.
Going back... Which of the of the solutions I proposed above do you prefer?
I see four solutions that you noted. Only one was not forwarding.
To make it easy for me, I recommend that we start a tree for dispersing the CD's. We did this out of Colby Kansas to start small scale alcohol in the US. They used a room to copy and mail those videos (the tapes that plug into a TV) of my presentations on a 6 inch distillation system. People then copied their copy to give to other interested folks. I met people 7 levels out.
Today, there are CD's or DVD's. (whatever a camera makes these days).
The camera man's wife just died of cancer (more than a month go). We can chat with him and see if he can finish editing the undone raw tapes. Most are done and put on disks. Sets of copies were made for each edited session.
Over the years some foreign persons have come to resorts here and attended events and sub groups daily between events. Now we use an office daily. The people there trade the early hours. After that some may stay and help out. They already figured out the fast track to expert is helping others.
On June 28th, I have to have seven procedures done on parts of my extremities. The estimated recovery time is 2 to 4 months if my circulation keeps strong. Walking and going places will be difficult for me. I am told there is a pain issue (throbbing of missing parts (it sounds crazy to me)) and I can't do narcotics successfully. My main plan is to just go along quietly.
I'm scheduled to spend some time with the office host, today. Maybe we can work something out. It is hard to explain how many people want to use some of that office space.
Lately, there have been some threads that chat about doing research and some speak of trading experiences and include some performance information. I'm mostly on ignore with these people but I did ask how they draw the line on what is significant statisitically. Probably, they do not know too much about evaluationg performance. The participants in the Tucson office, apparently use "group think" and it is a difference performance than the public talks about.
Those that learn the fastest do the work very purposefully. And in group settings, they are really expressing that they know they know.
Hi Jack,
What I meant was trading live where you computer screen will be shared for all to see and hear you.
No need to post anything. I am sure very large number of people will join, so it will only be one time effort on your end for few days. It will be recorded and posted, and serve as undeniable proof of SCT merits.
Regards,
redduke
Jack,
I just read your other replies on changing set ups to be able to show your screens. There is no need to change anything.
For example, we can use join.me or equivalent for all to see your screens in real time. It is a simple screen sharing program that runs from any internet browser. I believe in order to hear your voice a Pro version is needed. I can set it up if you decide to do it live.
Everything will be set up for you. You would just need to click few buttons.
Regards,
redduke
I just read your other replies on changing set ups to be able to show your screens. There is no need to change anything.
For example, we can use join.me or equivalent for all to see your screens in real time. It is a simple screen sharing program that runs from any internet browser. I believe in order to hear your voice a Pro version is needed. I can set it up if you decide to do it live.
Everything will be set up for you. You would just need to click few buttons.
Regards,
redduke