Quote from silvermotion:
I'm always amazed by how easy it is for someone to lose all sense of logic, common sense and rationality when you present them with dreams of making money quickly.
3x the intraday range, with no one being able to produce a profitable statement. I can guarantee you that if it was actually being done as we speak, you would have a whole thread dedicated to SCTers posting their PNL. They would not hesitate one second to do it. humans like prestige, we are hardwired to show off and brag about our successes to others.
10 years of jack hershey on the internet, and no one being able to produce a profitable statement.
The only live calls on records were done in some obscure skype conference, one time, with almost no one present.
I mean come on guys, its really getting pathetic. If you cannot show to an outsider that your method works, how do you prove/show it between yourselves?
We the detractors are not only there to laugh at you or anything. Were not just there to disrespect and bash you. We are the voice of freaking reason. Ask yourselves this. What are the top traders doing to make all that money? are they following an unproven method peddled by some charismatic people? a method that cannot be backtested, that no one can actually proves it works? its all in your mind.
I know that the feeling that you are ''working all together'' on such a tremendous and potentially profitable thing as trading is exciting, motivating, and all that. But don't let those good endorphing-producing feelings blind you from the objective. And especially don't lose your sense of reality and reason. Jack Hershey is not the first person to try to understand the markets and help people. Maybe its the first one you met however, and maybe thats why you are so attached to the man. All the big firms and funds and brokerages etc they have immensely more money means and computing power at their disposal than you do. If SCT PVR etc was working, they would all be using that. they are not.
Even the Trading geniuses and prodigies of this world, those who are routinely interviewed in fortune magazine or the financial times or the wall street journal,
The same ones running the top hedge funds today, they don't do 3x the daily range on a instrument,. because its impossible. the only way to do so is by seeing into the future. If a method like that would exist, do you seriously think it would be the exclusivity of some clowns on a Trading Forum? it would be used by larger firms, those who know what they are doing. Funny thing is they dont do that at all. Trading is a pure mathematical game, not some esoteric art that does not work real time.
I guess when you drink enough of the kool-aid, you reach a level of enlightenment where you actually see the exact point where the market will reverse.