Jack Hershey's Methodologies (SCT & PVT)-Good Bad or Ugly
- Thread starter sappjason
- Start date
Jack Hershey from Tucson AZ
Pied pipered to noobs on ET
But in spite of his claims
They all went down in flames
As penniless market debris
nwbprop -- flamed out under Jack's direct tutelage and hasn't posted since Jan 2007. Unfortunately, that thread was deleted but there are some who remember it.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1109633&highlight=nwbprop#post1109633
Neoxx -- Jack said Neoxx was doubling his money every three days when he was actually losing money. Hasn't posted since July 2009.
ScottD -- hasn't posted since March 2009 when he said "Cash Cow" (as certified by Jack) isn't profitable.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2462769&#post2462769
RoughTrader -- Jack's claims about his trading deflated each time I called him on it and he hasn't posted since May 2009.
04-23-09 01:26 PM
"For SCT like trading, rough trader takes 1500 dollars to 94,000 dollars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2399521&#post2399521
04-26-09 06:51 PM
"Bottom line: looks like roughtrader makes 20,000 a month on two contracts average while scaling out of entries on his ATS"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2403231#post2403231
05-22-09 07:28 PM
"Rough trader is only making a couple thousand a month on a couple of contracts. He needs to make one adjustment to make 20,000 a month. He needs to add 18 contracts to his trading cars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2437715#post2437715
Pied pipered to noobs on ET
But in spite of his claims
They all went down in flames
As penniless market debris
nwbprop -- flamed out under Jack's direct tutelage and hasn't posted since Jan 2007. Unfortunately, that thread was deleted but there are some who remember it.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1109633&highlight=nwbprop#post1109633
Neoxx -- Jack said Neoxx was doubling his money every three days when he was actually losing money. Hasn't posted since July 2009.
ScottD -- hasn't posted since March 2009 when he said "Cash Cow" (as certified by Jack) isn't profitable.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2462769&#post2462769
RoughTrader -- Jack's claims about his trading deflated each time I called him on it and he hasn't posted since May 2009.
04-23-09 01:26 PM
"For SCT like trading, rough trader takes 1500 dollars to 94,000 dollars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2399521&#post2399521
04-26-09 06:51 PM
"Bottom line: looks like roughtrader makes 20,000 a month on two contracts average while scaling out of entries on his ATS"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2403231#post2403231
05-22-09 07:28 PM
"Rough trader is only making a couple thousand a month on a couple of contracts. He needs to make one adjustment to make 20,000 a month. He needs to add 18 contracts to his trading cars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2437715#post2437715
Jack has a long history of playing pied piper on the internet.
For example... some guys from Harvard came up empty handed after trying to decipher Jack's "teachings" for more than a year, starting in 1999.
Look at posts # 1 and 2 here:
http://groups.google.com/group/misc..._frm/thread/e21428336d0962ed/4088dacd0b5143e7
Now see how they felt over a year later:
...I don't understand why it's not possible to verify such a successful futures trading system if it is based on objective rules. My own attempts to automate the system have been frustrated at every turn by an enormous problem that is apparently only resolvable by gut instinct... I have spent a great deal of time respectfully reading and thinking about what you have written, but mostly what I feel now is frustration.
http://groups.google.com/group/misc..._frm/thread/ccc785d53a418f8a/ad6210f80809669d
Here Jack tried to obfuscate his way out of his sinking stock picks that lost $22,000:
http://groups.google.com/group/misc...d/thread/981513b3a003f259/2db2e88d1407af42?hl
For example... some guys from Harvard came up empty handed after trying to decipher Jack's "teachings" for more than a year, starting in 1999.
Look at posts # 1 and 2 here:
http://groups.google.com/group/misc..._frm/thread/e21428336d0962ed/4088dacd0b5143e7
Now see how they felt over a year later:
...I don't understand why it's not possible to verify such a successful futures trading system if it is based on objective rules. My own attempts to automate the system have been frustrated at every turn by an enormous problem that is apparently only resolvable by gut instinct... I have spent a great deal of time respectfully reading and thinking about what you have written, but mostly what I feel now is frustration.
http://groups.google.com/group/misc..._frm/thread/ccc785d53a418f8a/ad6210f80809669d
Here Jack tried to obfuscate his way out of his sinking stock picks that lost $22,000:
http://groups.google.com/group/misc...d/thread/981513b3a003f259/2db2e88d1407af42?hl
ET should create a stalker thread about you sending people your puny PMs 
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2829185>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2829185>
Quote from Fireplace:
ET should create a 'Whining' forum and let either Gobshot28 or Trader666 be the lead moderator. They 'both' (cough cough) have great resumes for the job!
Too busy studying Jack's teachings?