Mind Control 101 – Trading cults in ET

[MandelbrotSet]

Quote from Trader666:

Taking a closer look... this is yet another fairy tale because if you go to the last page of rough trader's journal you'll see that his "to date PNL" is less than $10K and his account balance is $95K. Which means he went from around $85K to $95K, NOT from "1500 dollars to 94,000 dollars." Which is an increase of almost 12% as opposed to around 6200%.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=158708&perpage=6&pagenumber=9

Big surprise, just like Neoxx was doubling his money every three days

Excellent homework Trader666, I see you really took the time to go through the posts and discern the truth of Jack Hershey's snake-oil bullshit drivel.

It's a service to ET that you have taken the time (and have the charm) to throw back the curtain and reveal the churlish troll that stands behind it, with megaphone to his mouth booming his exagerations and lies for all to hear.

I see that Jack Hershey is now saying that he was using the contract minimum margin of $500 per contract (like what spydie uses, LOL) when calculating Rough Trader's returns. The fact of the matter is, if Rough Trader had used anywhere near the contract minimum when trading his ATS would have blown-out, over and and over again. :eek:

Anyone with half-a-brain and the ability to read the thread can see that Rough Trader needed the extremely high (for most traders) performance bond that he listed as a cushion, becase the system can and does go into drawdowns of $3,000-$4,000 per contract. (FTR, these drawdowns represent times of extreme choppiness in the market. And they are the result of the "allways in" philosophy that Jack Heshey expouses ... LMAO at that one).
***
It is making statements like the above extreme exaggertion and obfuscation that has caused people to look at Jack Hershey like he is an eogtistical troll and lying braggart of the worst kind. And people like Neoxx who follow him down the yellow-brick-road as if they were an absolute fool.

Thank you for your comments Jack, you have presented a text book case for the OP's thread title.

 

[T2GR8T]

Quote from RobertMcCall:

Many traders have watched Spyder trader. What are you saying that was mass hypnosis, with real money, in a real account, with a live feed, in real time?

Gee a shill with a nice new account thinks Spyder made some money..

I guess that's why Spyder had to be escorted to the cloak room and given a decent pair of dress shoes to enter a reception for traders

Or why Jack is forced to live off his partner and in her house

Yeah those two guys are killing it..

 

[MandelbrotSet]

Quote from T2GR8T:

Gee a shill with a nice new account thinks Spyder made some money..

... all it takes is an email account and a dream.

Quote from T2GR8T:

I guess that's why Spyder had to be escorted to the cloak room and given a decent pair of dress shoes to enter a reception for traders

Or why Jack is forced to live off his partner and in her house

Yeah those two guys are killing it..

LMAO to all of the above.

 

[Eight]

Quote from RobertMcCall:

Many traders have watched Spyder trader. What are you saying that was mass hypnosis, with real money, in a real account, with a live feed, in real time?

His plan was to post live trades towards the end of last year, I never heard of that happening..

I'm not very interested in the pro-con Hershey debate, whenever I figured out what he was talking about from somebody discussing it in non gibberish I looked at it. I looked at channels [give me a break people], I looked at the rest of the stuff and found it to be a grab bag of hints and kinks all stuck together into a system... gadz, it makes my stomach churn to think about it all... and in-all-the-time.. why? Markets trend fifteen percent of the time, would it not be better to alternate markets and be riding a trend all the time? Is that difficult to figure out.. what? Not to mention trading across the channel when it's flat, hard to capture much of each move sometimes besides, that is another system running on a different time frame, really, inserted into the middle of some grandiose other system... jeez people, unbundle all that krap and automate them in Ninjatrader or something, we're in the Third Millenium already...

 

[T2GR8T]

Quote from RobertMcCall:

Kudos to interjecting some sanity here f9.

Another pathetic failed Hershey follower trying to justify his stupidity in not thinking for himself.. so sad you needed another alias to do this under

 

[MandelbrotSet]

Quote from jack hershey:

Thanks for the update.

[insane ramblings of complete bullshit]

Thanks for proving Rabbitone's original hypothesis jack hershey.

The thread simply would not have been the same without you. People might have thought we were being unfairly critical of the benign trading knowledge and wisdom you impart to the massess ... ROTFLMAO!

 

[T2GR8T]

Quote from Eight:

His (Spyder) plan was to post live trades towards the end of last year, I never heard of that happening..

Exactly.. and no prizes for guessing why he couldn't do it

 

[MandelbrotSet]

Quote from RobertMcCall:

Many traders have watched Spyder trader. What are you saying that was mass hypnosis, with real money, in a real account, with a live feed, in real time?

Quote from Eight:

His plan was to post live trades towards the end of last year, I never heard of that happening..

Just ... LOL at that one, LOFL.

 

[Neoxx]

Quote from Jack Hershey:

At Rutgers recently they measured how this terrible mental distortion that affects failed traders comes to be. (See page 78 of the 11APR09 economist as I have mentioned.)

Stress distorts intuition and analysis. Stress comes from choice to do and doing mistaken things.

Stress Testing

 

[T2GR8T]

Quote from Neoxx:

Stress Testing

Oh please Neoxx, watching you fail time and time again in Jacks SCT boot camp was comical and embarrassing enough.. your mentor is a 3 time loser that has never traded

Post a link to his trading record and I'll retract everything I've said.. go on I dare you to find it