The word cloud for that bogus post reads KNOW PERFORMANCE PEOPLE USE OFFICE. In NLP it is common to disguise the intended message by using cognates, here KNOW = NO.
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Jack Hershey Method Since 2008
- Thread starter bwolinsky
- Start date
Quote from Brass:
You mean Mr. Hershey's willingness to post a jpeg wasn't enough for you? What kind of a monster are you?
All part of the game. The same guy claims to be deeply knowledgeable about coding trading systems, but can't manage to create a simple spreedsheet or arrange a screen so that account numbers don't show. It's all bullshit. But entertaining bullshit. Where would ET be without it?
But my understanding is that Mr. Hershey conducts his research and annotations in crayon. Are there programs for that?Quote from Albert Cibiades:
All part of the game. The same guy claims to be deeply knowledgeable about coding trading systems, but can't manage to create a simple spreedsheet or arrange a screen so that account numbers don't show. It's all bullshit. But entertaining bullshit. Where would ET be without it?
Quote from Brass:
But my understanding is that Mr. Hershey conducts his research and annotations in crayon. Are there programs for that?
He (or they) have shifted from Crayola to disappearing ink. I have coded numerous implementations of SCT depending on the ever-shifting rules and it is total crap. What they post is ex post fucto, without exception. Never, ever, a real-time call.
Then how can you possibly account for all the millionaire traders here who have Mr. Hershey to thank for their amassed personal fortunes and who willingly spend countless hours on ET defending him at great personal expense and opportunity cost? Surely that counts for something. I'm not sure what exactly, but surely something.Quote from Albert Cibiades:
He (or they) have shifted from Crayola to disappearing ink. I have coded numerous implementations of SCT depending on the ever-shifting rules and it is total crap. What they post is ex post fucto, without exception. Never, ever, a real-time call.
Quote from Brass:
Then how can you possibly account for all the millionaire traders here who have Mr. Hershey to thank for their amassed personal fortunes and who willingly spend countless hours on ET defending him at great personal expense and opportunity cost? Surely that counts for something. I'm not sure what exactly, but surely something.
Qui sait? Repeatedly we have seen here apparently intelligent people try to use the method diligently despite its shifting ruleset and fail miserably. Every posted question elicits a new rule to explain why you aren't doing it right. It is always their fault, not that of the method. And those who fail blame themselves! The proponents are so adamant that it works, that if you fail, it must be you. I have done real time calls here for abusement. If you set the post up beforehand, you can post with a trivial delay. SCTers have no excuse for not doing it. And I have yet to see a screen shot of a coded version of it that doesn't depend upon interpretation, that is, which creates unambuggerous calls.
Ah, but it is all a matter of personal responsibility. One has only one's self to blame. If I read you correctly, what you are saying is that the SCT method is dynamic, whereas its more inept users are tragically static. Perhaps predicting how SCT will morph is harder, and a more worthy challenge, than merely trying to align one's self to the market, which is so pedestrian by comparison. Why make something easier when it can just as easily be made impenetrable? You're not lazy, are you?Quote from Albert Cibiades:
Qui sait? Repeatedly we have seen here apparently intelligent people try to use the method diligently despite its shifting ruleset and fail miserably. Every posted question elicits a new rule to explain why you aren't doing it right. It is always their fault, not that of the method. And those who fail blame themselves! The proponents are so adamant that it works, that if you fail, it must be you. I have done real time calls here for abusement. If you set the post up beforehand, you can post with a trivial delay. SCTers have no excuse for not doing it. And I have yet to see a screen shot of a coded version of it that doesn't depend upon interpretation, that is, which creates unambuggerous calls.
Also, what do you think the odds are of RedDuke convincing Mr. Hershey to go live and make real time calls? Intrade has not yet posted the spread. I imagine their analysts are searching for a calculator that has the required decimal points.
Quote from Brass:
Ah, but it is all a matter of personal responsibility. One has only one's self to blame. If I read you correctly, what you are saying is that the SCT method is dynamic, whereas its more inept users are tragically static. Perhaps predicting how SCT will morph is harder, and a more worthy challenge, than merely trying to align one's self to the market, which is so pedestrian by comparison. Why make something easier when it can just as easily be made impenetrable? You're not lazy, are you?
Also, what do you think the odds are of RedDuke convincing Mr. Hershey to go live and make real time calls? Intrade has not yet posted the spread. I imagine their analysts are searching for a calculator that has the required decimal points.
You have stabbed me in the heart. I perpetually overcomplicate, and periodically have to take a pushbroom to my trading screen. Reading too much SCT, I suppose. SCT, like most unrealigions, has schismed into multiple sects, if one is to believe the postings. What SCT is now, I have no idea, as Jack has not posted a detailed description of the method in years. Ten years ago, he laid it all out in detail, except in essential places where there was no detail.
He will never make realtime calls. Because everyone remembers his cardinal rules. Always in. No stops. Never a loss. 3X-6X daily range. Endlessly compound to filthy riches. Hard to pull that off while people are watching.
Quote from bwolinsky:
Whatever differences there might be between SCT and Cash Cow, statistically robust models like this don't have much better performance.
Sorry, that went right over my head. I remember the realtime development of Cash Cow which as I recall spiralled into endless fixes of fixes of fixes with creative rule making. But what are the statistically robust models of which you speak?