POLL for traders who trade the Jack Hershey method(s) in real time with real money

[mephistoII]

Golden ratio? ... well, schucks - now ya went and let the cat out of the bag!

A good helping of vermicelli, when tossed about and blended w/ some carefully prepared fib nodes, will satisfy even the most voracious appetites of those money pool extractors.

Best to not repeat this, as there are only so many billion out there to pass around.

(deep down, I KNEW I wasn't throwing all that money at JD for naught)

 

[Trader666]

Golden ratio?!?! More like a golden shower!!! Methinks we're getting hosed with phoney claims of Grobean profitability.

 

[ChannelTrader]

hey Babak. Howre they hangin'

 

[Thunderdog]

Quote from Harold Balls:

Losses? You still take losses? How long have you been trading? You obviously dont know how to sync to the market otherwise you wouldnt find yourself on the wrong side (intraday only of course).

Something just occurred to me, since you don't seem to ever have losses. Most human traders risk a small portion of their account equity on any one trade because, for them, trading is a game of (hazy) odds. Since you never have losses, it only makes sense that you should capitalize on this remarkable ability by betting, nay, investing, all of your capital on every single trade since you have no risk of loss. Coupled with your ability to regularly pull in 3 times the daily range, these things can add up in a hurry. No doubt, you are already shopping for a small country.

 

[Harold Balls]

Obviously you dont read very well or perhaps havent read several of my posts where I honestly say I DO NOT MAKE 3X THE DAILY RANGE....yet. You dont have to to make ridiculous money.
That being said, there ARE still liquidity issues with the method. I CANNOT trade 1000 lots but can easily float in and out w/ 20-30 lots.

And, no, I DONT take losses anymore. I am quick to sweep data and see when what I had identified as something turns out not to be but I am able to see this BEFORE the mkt has a chance to move against me. The best part is, when this happens, I just reverse my position and make money by entering back on the right side of the market.

Quote from Thunderdog:

Something just occurred to me, since you don't seem to ever have losses. Most human traders risk a small portion of their account equity on any one trade because, for them, trading is a game of (hazy) odds. Since you never have losses, it only makes sense that you should capitalize on this remarkable ability by betting, nay, investing, all of your capital on every single trade since you have no risk of loss. Coupled with your ability to regularly pull in 3 times the daily range, these things can add up in a hurry. No doubt, you are already shopping for a small country.

 

[Thunderdog]

Quote from Harold Balls:

Obviously you dont read very well or perhaps havent read several of my posts where I honestly say I DO NOT MAKE 3X THE DAILY RANGE....yet. You dont have to to make ridiculous money.
That being said, there ARE still liquidity issues with the method. I CANNOT trade 1000 lots but can easily float in and out w/ 20-30 lots.

And, no, I DONT take losses anymore. I am quick to sweep data and see when what I had identified as something turns out not to be but I am able to see this BEFORE the mkt has a chance to move against me. The best part is, when this happens, I just reverse my position and make money by entering back on the right side of the market.

You should be able to maneuver very easily with well over 20 or 30 contracts in the ES. Therefore, I just can't understand why you would not take it to the limit, whatever that may be with your particular approach. The only time it makes any sense to be circumspect is when there is risk involved, which you have assured me does not apply to you. And when you reach the limit of liquidity trading one of the world's most liquid markets, then you can always direct your excess funds to any of the other markets around the globe, across any number of asset classes and time frames. Frankly, I don't see any limits for you. At least not for the first few trillion.

 

[Harold Balls]

Also, 30 lots is where I max myself out as of now. I will only keep pushing the limits as time goes on. Even though I know I could do 50+ right now, I like to keep a certain pace. Call it peace of mind or whatever.

 

[Harold Balls]

I can only trade intraday one market at a time, I am only human. So trillions are out of the question. But 8 figures is not.

Quote from Thunderdog:

You should be able to maneuver very easily with well over 20 or 30 contracts in the ES. Therefore, I just can't understand why you would not take it to the limit, whatever that may be with your particular approach. The only time it makes any sense to be circumspect is when there is risk involved, which you have assured me does not apply to you. And when you reach the limit of liquidity trading one of the world's most liquid markets, then you can always direct your excess funds to any of the other markets around the globe, across any number of asset classes and time frames. Frankly, I don't see any limits for you. At least not for the first few trillion.

 

[Thunderdog]

Quote from Harold Balls:

Also, 30 lots is where I max myself out as of now. I will only keep pushing the limits as time goes on. Even though I know I could do 50+ right now, I like to keep a certain pace. Call it peace of mind or whatever.

Peace of mind? Why would peace of mind be an issue at all in the no-risk environment you have described. Limiting position size to less that fully leveraged exposure is a humble tactic employed by those of us who must struggle with the risk of loss. You should be soaring with eagles, rather than trifling with the limitations of us turkeys.

 

[Harold Balls]

You are 100% right. No denying it. To be perfectly honest, when I think about it, I am somewhat scared to see just how much I can make with this. I used to think $10,000 was a huge day. Now its just avg. I used to think hitting 100K in a day was impossible. Now I have done it 3 times this year. I dont need all this money, I really dont know what to do with it all. Most people never have this problem (if you can call it that). My bills for the month are a little over 5K and I am bringing home 6 figure months all the time. Its really quite nuts.

So to summize, yes, you are right and perhaps you've inspired me to increase my size faster. Thanks TD!

-Harry

Quote from Thunderdog:

Peace of mind? Why would peace of mind be an issue at all in the no-risk environment you have described. Limiting position size to less that fully leveraged exposure is a humble tactic employed by those of us who must struggle with the risk of loss. You should be soaring with eagles, rather than trifling with the limitations of us turkeys.