I am crushed.
Silly ol' Tampa done got serious.
I'll have to wait for Mr Market to come back on the board...
Silly ol' Tampa done got serious.
I'll have to wait for Mr Market to come back on the board...
Jack Hershey
- Thread starter stocktrader
- Start date
The thing about Jack, at least for me anyway, is that I can't figure out what his method/system is, mainly because I can't understand him. So, therefore, I cannot make a judgement on whether it is worth looking into or discarding.
With someone like Mr Market, it was easy to understand how and what he was doing, so you could make the determination to discard him after a little investigation into his methods. Then, pretty much like most people here, you could just begin to make fun of his 'bring me your meats and cheeses' and 'I am huge' lines and not take him seriously.
With someone like Mr Market, it was easy to understand how and what he was doing, so you could make the determination to discard him after a little investigation into his methods. Then, pretty much like most people here, you could just begin to make fun of his 'bring me your meats and cheeses' and 'I am huge' lines and not take him seriously.
Well, for starters, what do you mean by "method/system"? For me, I used to think a method/system was a simple formula for entering x stock when condition y was met which lead to condition z that told me to leave afore mentioned stock y. Rinse and repeat, and tada...Im rich.
I now know that this type of thing does not exist, or at least if it does, it is so closely guarded that you will never see it, or be able to trade using it.
That being said, I think Jack has a very complete, and easily understandable method for making money trading stocks. I will admit that Jack can be quite difficult to understand when he gets to talking about the "refinement" of his method. The overall framework is easily understood however. Now, making his method work for you is an entirely differnt matter.
Take a look at the "Method" section of my new Web Journal:
http://home.attbi.com/~bigbriquaker.
This section outlines his method as I best understand it. Even better, I give a link on the first page to a MSN web group that had a following of people that were trying to understand his method. There is a ton of info there. There is one document on that site that starts with 4 easily read (in my opinion) sections outlining his method, and how it was formed.
Spend an hour checking it out. Who knows where that will lead.
The MSN site may be found here:
http://groups.msn.com/ShortTermStockTrading/messageboard.msnw
Plenty of background reading on both Index and Stocks boards. Check out the Pictures and Documents areas also. The file allchats.zip contains transcripts of the realtime chats.
David
http://groups.msn.com/ShortTermStockTrading/messageboard.msnw
Plenty of background reading on both Index and Stocks boards. Check out the Pictures and Documents areas also. The file allchats.zip contains transcripts of the realtime chats.
David
Take a look at the "Method" section of my new Web Journal:
http://home.attbi.com/~bigbriquaker
I can't get this link to work, is it working for other people?
http://home.attbi.com/~bigbriquaker
I can't get this link to work, is it working for other people?
Trendy,
it works for me now too, you must have fixed it
it works for me now too, you must have fixed it
Trendy,
I followed Jack's method for trading equities for six months. Traded 2 months for real. The results are all posted on the msn group in 2 P&L spreadsheets, along with charts for the trades. I was not able to maintain profitability. It could have been due to the fact the system focussed on long trades only...... difficult in a bear market.
I followed Jack's method for trading equities for six months. Traded 2 months for real. The results are all posted on the msn group in 2 P&L spreadsheets, along with charts for the trades. I was not able to maintain profitability. It could have been due to the fact the system focussed on long trades only...... difficult in a bear market.