Objections to SCT

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Is Hershey simply on the warpath against "conventional orthodoxy," "conventional wisdom," etc.?
What is a "new paradigm?"
Are these buzz-words anything more than marketing-speak?
 
Quote from Trader666:

...I could go on but is there any question as to who is the "real deal" and who is not?
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It's hard to say. Jack purportedly has that BE DO HAVE thing going for him. So I guess it's a wash.
 
Quote from Trader666:

OK kiddies, put away the crayons for a few minutes... I'd like to ask a very simple but serious question: who is the "real deal" and who is not?

Jack offers a new "paradigm" which he claims is superior to the "conventional orthodoxy." So let's compare and contrast the two with Jack representing his "paradigm" and Bill Eckhardt representing the "conventional orthodoxy."

1. Methodology
a. Jack Hershey: SCT and PVT
b. Bill Eckhardt: technical trading systems

2. Methodology Disclosure
a. Jack Hershey: 4968 posts on ET as of Mar 20, 2007 (Jack Hershey, Grob109, Bubba7).
b. Bill Eckhardt: No posts on ET; systems are closely guarded proprietary secret

3. Backtesting Philosophy
a. Jack Hershey: "backtesting is not a viable means for finding anything out"
b. Bill Eckhardt: "I know of no way to validate conjectures concerning technical trading without back testing"

4. Claims
a. Jack Hershey: "for PVT it turns out that instruments like equities yield 2 1/2 % daily on the coarse level and run up to 15% or so on the highest levels," "it takes low 5 digits to get to 15,000,000 in a year by trading every day," etc., etc.
b. Bill Eckhardt: "profitable trading will only get harder"

5. Reality (Track Record)
a. Jack Hershey: -24% in trading contest (2002)
b. Bill Eckhardt: Manages over $800 million; Eckhardt Trading Company Standard Fund has returned over 10,150% since 1987

6. How They Respond to Requests for Track Record
a. Jack Hershey: misdirection
b. Bill Eckhardt: Audited 20+ year real money track record

7. Profiled In
a. Jack Hershey: ???
b. Bill Eckhardt: Market Wizards, numerous newspapers and magazines, etc.

I could go on but is there any question as to who is the "real deal" and who is not?

Notes:

1. Eckhardt quotes from:
http://www.tradingblox.com/forum/viewtopic.php?p=3648

2. Jack Hershey quotes are all from ET under his various aliases
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Difficult question !


Jack = Blablabla into infinity

Bill = trades with real $$


right ?:eek:
 
Are you going to hurl the same vitriol at me when I make my big move to become ETs reigning guru? I was sort of counting on you to be a lickspittle, you know. But I can probably make do without you. I already have eighteen other ET members who leap to my every command.

Edit: That is no joke. I have it all figured out, what ET wants. I'll even invent an idiot who attacks me with legions of aliases. And maniacal posters with machine gun aliases who never accumulate over ten posts before being banned. And sycophants, oh, yes! I am going to LIKE that part.
 
Who says this Jack even exists ?!
Maybe Jack and Quakajackers are one and the same person ?

Maybe he is made up by Baron or a lunatic to make ET more attractive...we all now that newbies are looking for a guru
 
Yeah I mean what a crazy nut he is, although maybe we are all just a bunch of idiots circle jerking each other :D

Quote from virgin:

Who says this Jack even exists ?!
Maybe Jack and Quakajackers are one and the same person ?

Maybe he is made up by Baron or a lunatic to make ET more attractive...
More...
 
Of course not! Unless you become Jack, that is.
Quote from hypostomus:

Are you going to hurl the same vitriol at me when I make my big move to become ETs reigning guru? I was sort of counting on you to be a lickspittle, you know. But I can probably make do without you. I already have eighteen other ET members who leap to my every command.

Edit: That is no joke. I have it all figured out, what ET wants. I'll even invent an idiot who attacks me with legions of aliases. And maniacal posters with machine gun aliases who never accumulate over ten posts before being banned. And sycophants, oh, yes! I am going to LIKE that part.
More...
 
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