Objections to SCT

[Trader666]

Lots of good points! But I think Jack's empty, pompous claims are better described as flatulent boasts.

Quote from Thunderdog:

... But I will tell you where I take particular exception. I dislike Jack making steroidal performance claims and then not validating those claims...

 

[Spydertrader]

Quote from Thunderdog:

I appreciate your considered response. First, please understand that I am not looking for someone to teach me a method or style of trading. The approach I use is far from perfect, but it suits me just fine.

I appreciate the time you spent formulating such a long post. However, rather than parse each paragraph and craft a response, let me just say this:

Jack posted this P & L three years ago from a session in which he was teaching a beginning trader.

As I have said in each of these threads. The 'proof' has been available all along. People simply fail to go out and find it. Jack told everyone where to go find it, yet nobody went and looked.

I have provided names of people who have posted their trades in advance. I have called trades in advance. I have now linked to a P & L - all within this thread.

- Spydertrader

 

[^^^^^^]

Quote from Spydertrader:

I appreciate the time you spent formulating such a long post. However, rather than parse each paragraph and craft a response, let me just say this:

Jack posted this P & L three years ago from a session in which he was teaching a beginning trader.

As I have said in each of these threads. The 'proof' has been available all along. People simply fail to go out and find it. Jack told everyone where to go find it, yet nobody went and looked.

I have provided names of people who have posted their trades in advance. I have called trades in advance. I have now linked to a P & L - all within this thread.

- Spydertrader

You forgot to mention that in teaching his student he was using the IB demo account which at that time was 15 minutes delayed. He was called out on it and has never recovered from that fiasco. Hershey muttered something or other about practicing doing executions.

 

[Spydertrader]

Quote from ^^^^^^:

if its true then LET HERSHEY DEMONSTRATE IT.

Jack has. He just didn't demonstrate it to you.

- Spydertrader

 

[Thunderdog]

Quote from Spydertrader:

I appreciate the time you spent formulating such a long post. However, rather than parse each paragraph and craft a response, let me just say this:

Jack posted this P & L three years ago from a session in which he was teaching a beginning trader.

As I have said in each of these threads. The 'proof' has been available all along. People simply fail to go out and find it. Jack told everyone where to go find it, yet nobody went and looked.

I have provided names of people who have posted their trades in advance. I have called trades in advance. I have now linked to a P & L - all within this thread.

- Spydertrader

Spyder,

I do not disbelieve that people can trade net profitably. I am not suggesting that Jack is necessarily a losing trader. I am not saying that isolated trading calls in advance cannot make money. However, your hyperlink does not close the gap between our opposing views of Jack's performance claims. Anything I have seen thus far remains a far cry from making the 3 times the daily range with regularity, or averaging 4-7% on account equity per day. Those are the claims I am disputing, not simple profitability. (The "always in" just makes it that much less believable to me, personally. But perhaps that is my own bias.)

 

[Thunderdog]

Quote from ^^^^^^:

You forgot to mention that in teaching his student he was using the IB demo account which at that time was 15 minutes delayed. He was called out on it and has never recovered from that fiasco. Hershey muttered something or other about practicing doing executions.

Whoa! Is this true? Can it be corroborated? If so, such evidence would be a sweet keepsake.

 

[Spydertrader]

Quote from ^^^^^^:

You forgot to mention that in teaching his student he was using the IB demo account which at that time was 15 minutes delayed. He was called out on it and has never recovered from that fiasco. Hershey muttered something or other about practicing doing executions.

Forgot? I pulled the P & L from this thread. I found no mention of what you claim I 'forgot.' Perhap's you could link to where this P & L was used in the manner that you assert, so that I might also have the opportunity to 'see' the facts as you have presented them.

- Spydertrader

 

[^^^^^^]

Quote from Spydertrader:

Jack has. He just didn't demonstrate it to you.

- Spydertrader

Hershey has demonstrated paper trading on a demo with a 15 min DELAY. yep thats a winner.

Here is another track record posted by hershey.


http://www.elitetrader.com/vb/attachment.php?s=&postid=340398

and here is the analysis showing it to be paper trading

http://www.elitetrader.com/vb/showthread.php?s=&postid=340499#post340499

Do hershey's sons or daughters trade for a living ?

 

[^^^^^^]

Quote from Spydertrader:

Forgot? I pulled the P & L from this thread. I found no mention of what you claim I 'forgot.' Perhap's you could link to where this P & L was used in the manner that you assert, so that I might also have the opportunity to 'see' the facts as you have presented them.

- Spydertrader

Its posted here on ET.
Do the work yourself.

 

[virgin]

Quote from ^^^^^^:

You forgot to mention that in teaching his student he was using the IB demo account which at that time was 15 minutes delayed. He was called out on it and has never recovered from that fiasco. Hershey muttered something or other about practicing doing executions.

Really ?