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

[Tums]

Quote from bighog:

TUMs

Paper trading!!!! For how many years now? ...

Bighog:

How one wants to interpret my answer is really up to the individual.

The OP asked a question in the poll, this is my reply.

The OP asked people to read carefully before they reply, I did.
You should too, unless you have ADD.

My answer is answered toward the limited question in the poll.
Your interpretation is expanded, extended, extrapolated and manipulated, much like the way you read Jack.
I had fun reading your posts, and had even more fun reading Jack's reply.

The way you read is not giving you the answer you wish, only the answer you want. You seem to be happy in your paradigm.

 

[Tums]

Quote from bighog:

...
Jacks so called "method" has about as much value as any technical analysis book in print now or ever has been in print. What jacks "method" is consists of nothing but simple plain vanilla channel trading, been around forever, Correct?...
.. :eek:

that is correct. Jack/Spyder/Mak haven't invented anything new. They merely talked about new ways to observe old happenings: you know, the volume up, volume down thing.

Maybe they will teach something new later on, stay tuned.

 

[PoundTheRock]

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.

Harold, you made an important point that many traders do not understand. Any market combined with a given trading technique has a liquidity ceiling. The less risk you want, the more liquidity you need. What you say strikes me as true, and congratulations on finding a stop-and-reverse methodology that is optimal. I take it you are using SCT, or a derivation thereof.

Regards,

PTR

 

[Tums]

03-18-07 10:06 AM
Quote from Tums:
Maybe they will teach something new later on, stay tuned.

Quote from firestorm:
Maybe it will even be profitable

I knew from the very beginning, despite your retorts, deep inside you you were a believer. Now you are showing it.

 

[Atlantic]

ok - seriously - let's assume for a moment that this "sct" thing really works. it makes CONSISTENT profits in any market with enough liquidity, etc. - under all market conditions - come what may (i think this is more or less what is claimed). 3 times the range of whatever - or more or less - not that important. fine.

here are a few very simple questions:

if i remember correctly it has been mentioned elsewhere several times that even an automated version exists.

so if this is true so far AND those who developed it are so generous to share it with the rest of the world, then:

1. why are there traders who want to learn how to do it "by hand" at all?

2. why is not yet running an automated version in almost every household in the usa?

3. what if sooner or later this all makes its ultimate breakthrough around the world and every person who likes can trade it and make money with it - for example in the ES - and what if much more than 50% of the volume in every liquid futures market comes from "sct" - then where should all those massive profits come from?

*

today - how many profitable (top level) "sct"-traders are there already around the world (3 times the range or more / 50 lots or more / 40 trades per day or more)?

and how many different markets (futures intraday) around the world are traded by these traders?

and if sooner or later we see that broad "sct" breakthrough - how long will it take until the worldwide "sct community" runs out of markets that qualify for this?

-- and why has all this not happened yet?

*

if this is so easy to learn for anyone of at least average intelligence (within a year or so) - then i think there should be so far at least 1,000 sct traders around the world (or in the usa) doing this at top level (see above) - in the ES alone - since your masterguru claims to have mentored a lot of traders in the last 50 or whatever years AND all those are also obliged to forward their knowledge and skills.

just a few important figures:

40 trades per day with 50 lots means 2,000 traded lots per day in the ES for every top level "sct"-trader. the ES trades around 1 million lots per day - if we had at least 1,000 sct traders that alone would make 2 million lots every day ...

(maybe this or next year we will see if at least one person can proceed to 2,000 lots per day / always in / making 3 times the range / etc. - your masterguru claimed that it will happen - in fact almost all of them should be able to do it - so let's see ...).

 

[Harold Balls]

Mr. New Alias,

I truly hope nobody believes me, I have a good thing going and would like to keep it that way. I DO appreciate all the help on your part to keep things negative. Your buying me some time. Thanks again

-Harry

Quote from firestorm:

You are believing a guy that tells you he never has a losing trade anymore?

One born every minute

 

[Harold Balls]

See, you're getting the hang of it. Keep it coming, you're doing great!

Quote from firestorm:

Tell it to the fairies ballboy... laughable!

 

[Tums]

Quote from gerry875:

ok - seriously - let's assume for a moment that this "sct" thing really works. ...

this is getting more comical by the minute.

 

[Harold Balls]

Yes, I must be. Keep doing what you are doing, it saves me from having to start my own alias to counteract my big mouth

Edit- For everyone reading, i should have used the PM feature to post about my trading to Thunderdog but I cannot erase it now. i suggest everyone disregard what I posted. Sometimes I get into the moment and reveal stuff I shouldnt.

Quote from firestorm:

Claiming a 100% strike rate exposes you as a liar, loser and fraud... 85% would have made you believable... even though we both know you would still be unprofitable

 

[Harold Balls]

I feel like a father who is taking the training wheels off his kids bike and watching them ride on their own for the first time. You are doing great firestorm, I think you can handle it from here without any more encouragement from me

Quote from firestorm:

Blah blah blah... all the talk in the world wont make little Harold profitable