You don't dispute trading Jack's methods produce profits, but you do dispute the 3x H-L claims. Fair enough.
- Spydertrader
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Objections to SCT
- Thread starter Joe Doaks
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You don't dispute trading Jack's methods produce profits, but you do dispute the 3x H-L claims. Fair enough.
- Spydertrader
You're kidding, right? Jack has dissed just about everyone who IS real as the "conventional orthodoxy," and has made the most empty, pompous and flatulent boasts of his alleged trading accumen as if he's superior, and you post a few two-bit trades from 3 years ago as "proof?" Trades that apparently were made with an IB demo account which was 15 minutes delayed?
Not that any of this surprises me.
Not that any of this surprises me.
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
Quote from ^^^^^^:
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 ?
Sorry, I didn't find the P & L I linked to in those threads. Do you mean to imply that the P & L is in those threads?
- Spydertrader
Quote from Spydertrader:
Sorry, I didn't find the P & L I linked to in those threads. Do you mean to imply that the P & L is in those threads?
- Spydertrader
Why dont you ask your guru if he was busted using the 15 min delayed IB demo account and report back to us ?
I'll wait for your response.
Quote from Trader666:
Trades that apparently were made with an IB demo account which was 15 minutes delayed?
Someone says they profit with Jack's methods and you have gone on for months claiming it couldn't possibly be true and won't believe it without proof. Someone else makes a counter claim and fails to provide proof, and you believe it quicker than shit through a goose.
Classic.
- Spydertrader
Quote from ^^^^^^:
Why dont you ask your guru if he was busted using the 15 min delayed IB demo account and report back to us ?
I'll wait for your response.
Still waiting on those links for your claim with respect to the P & L. Let me know when you decide to provide them.
- 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.
Close. I think that the underlying premise (based on the little that I have been exposed to), amid what I personally view as a fair amount of (potentially superfluous?) complexity, appears to have some theoretical merit. Therefore, I suppose it can potentially produce some profits. Only the people who understand it fully or employ it regularly know for sure and how much. However, in all sincerity, I share most of Hypostomus's concerns (objections), and the "always in" premise is not a selling feature. Sorry, but that's the best I can do with the little I know.Quote from Spydertrader:
You don't dispute trading Jack's methods produce profits, but you do dispute the 3x H-L claims. Fair enough.
- Spydertrader
Damn right! I've watched Jack BS people on the internet for almost 10 years now. If he's even one zillionth the market wizard that he claims to be, there should be a lot more "proof" than a TWO HOUR "TRACK RECORD" FROM THREE YEARS AGO!
Quote from Spydertrader:
Someone says they profit with Jack's methods and you have gone on for months claiming it couldn't possibly be true and won't believe it without proof. Someone else makes a counter claim and fails to provide proof, and you believe it quicker than shit through a goose.
Classic.
- Spydertrader
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