This puts Jack Hershey in context:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1405944#post1405944
http://www.elitetrader.com/vb/showthread.php?s=&postid=1405944#post1405944
Objections to SCT
- Thread starter Joe Doaks
- Start date
- Status
Why don't you look up the equities trade cited in the above post?
Trades are shown daily in the journals if any person wishes to post them.
I do not post prints anymore.
Your views on the fact that you require me to do what ever hoops should be suficient for you to not do PVT onr SCT and you should feel free to continue to recommend to others who are in the boat you are in to do as you can decide to do.
If you want to see how a person who got to where you are got there and tell others about the trip taken, use the posts of thunderdog right from the beginning.
All people are peers in my opinion. The path that anyone follows to get where he is makes him a peer of all others. Our differences is what makes us all peers.
It happens that medical and psychological testing shows that by repeating various experiences a person gets to a place where he is protected by his responses from doing certain things.
Children do it with hot stoves.
Traders do it by losing money in trading.
Some traders get to a place where they "freeze" when they see certain market displays.
The same is true for what they read. If a subject of trading is being discussed and the trader has put himself in a state where the emotions of fear, aniety and so on are traggered as he is sening, then he draws suitable conclusions to reinforce his feelings.
Arrogance and condescension are common statements made to express how people read my posts. It is definitely in the space as a consequence of your contribution in this humorous thread.
It may sharpen the contrast to the humor for some.
What I post is, from my viewpoint, is other than arrogance and condenscension. It is not arguable it turns out. You are correct simply because you read my stuff as being that way. QED.
I did track thunderdog for a while. when he first posted he was at inquiry; he no longer is. Again that is fime and he is where he is.
You and he do not agree with what I suggest is purposeful to be doing to learn to make money and become rich.
I have no right to post unless I meet a standard advocated by a strong group of believers in that standard.
It is the "proof" standard. Or let us call it the proof standard.
This standard is well established to make it possible for people to readily and conveniently see what is what about the performance of what is being looked at.
This is just the beginner part of something and the standard has be raised and there is no "proof" butressing the substantive content of doing beginner SCT.
This could be what makes me arrogant and condescending. It is probably the way I post and how people like you read my posts, as well.
There are apparently, see polls this month, some few people do ing SCT and they are trading and they are satisfied for some reasons. A couple did note that in the 20 to 30 contract range about three 100,000 plus days have occurred. A couple of other "in all the time" types of trading have been mentioned here and there in conjunction with the SCT type trading and they are doing way beyond your view of what is possible.
The last time I was banned I still had the viewpoint that I did not like people insisting that I provide proof in the manner that they did it. The requests were continuous and their tone had some characteristics that I found to be whatever. Now I do not figure out this stuff about people who do this kind of thing. Why bother? This sounds arrogant and condescending and I feel that it is not and it is just a status report on me that you are reading in a thread related to humor.
On the current million dollar CNBC contest I am at 0 and I will be at the end of each stage and at the finale. That is a poor performance. I only got as far as being asked to be on one of the first four shows and the one after Easter. Since my travel is comped by others, it is easy to go on the show. Finally, after the first show I withdrew my participation, etc.. Mostly because the show hinges on multiply applications and just doing short queese moves. QED. Rules do not relate to reality.
The ET standard for trading is to show proofs. You set the standard. PVT and SCT only meet the standard by chance for you.
Long ago Nitro rendered his judgement on how my stuff is not "good enough" because it is faked.
a thridr party "proof" was done once and the broker who was the third party offered anyone trading my apporach a 10% discount. that ws funny like this thread is funny and humorous.
You have an excuse for everything, don't you Jack? Actually jem was talking about the 2002 contest in which you returned -24% and here was your excuse for that:
"I did not participate continually as was required of me. So by default, I did hold those positions for a long time that continued to the end of the contest."
http://www.elitetrader.com/vb/showthread.php?s=&postid=1084868#post1084868
"I did not participate continually as was required of me. So by default, I did hold those positions for a long time that continued to the end of the contest."
http://www.elitetrader.com/vb/showthread.php?s=&postid=1084868#post1084868
My objection to SCT is that it looks like it was created by the same bureaucratic buffoons who create military acronyms. All those 3 letter abbreviations. FTT, FBO,CCC,FTP,SCT and so on. SCT is the fantasy of trading each successive swing point.
It boils down to guessing/picking a swing top or bottom. Tell me the difference between a swing top and an FTT ? There is none !! So why make up a new name ? And a swing top is just as easily and reliably identified as the FTT. Yeah anyone can make a few good calls from time to time, BUT NOT EVERY TIME. Even the pultroons over in the crayola class pick some swings now and then.
Why do you think Hershey wont call his method live? Because it would show how unreliably it works in real time trading even for its creator. All that guff about being sensitive to criticism on posting prints is a laugh. Criticism rolls off hershey's back like water rolls off a duck's ass. I read a quote somewhere here on ET that Spider admitted that hershey doesn't even trade anymore.
It boils down to guessing/picking a swing top or bottom. Tell me the difference between a swing top and an FTT ? There is none !! So why make up a new name ? And a swing top is just as easily and reliably identified as the FTT. Yeah anyone can make a few good calls from time to time, BUT NOT EVERY TIME. Even the pultroons over in the crayola class pick some swings now and then.
Why do you think Hershey wont call his method live? Because it would show how unreliably it works in real time trading even for its creator. All that guff about being sensitive to criticism on posting prints is a laugh. Criticism rolls off hershey's back like water rolls off a duck's ass. I read a quote somewhere here on ET that Spider admitted that hershey doesn't even trade anymore.
Of course he will NEVER call a decent amount of trades live because it would destroy the illusion of "never a losing trade, capturing 3 times daily range"
He has to keep the dream alive for the newbies,no ?
If he could achieve in real trading anything close to his claims, he wouldn't be here on ET posting in the first place.
So, let him do what he is good at , just posting his ramblings on ET and entertain me and others
Of course, you buffoon. NO ONE gets every trade right. HOWEVER, when you know how to exit (and reverse) before the market moves against you, then you are rolling. Thats the major difference, you guys dont know what to look for to show you that you are wrong. You find out you are wrong, when price moves levels against you and your stop is hit. I've reversed and am riding it the right way by this point.
Open your mind up a bit, if you can.
Open your mind up a bit, if you can.
- Status