Questions to Jack Hershey

Quote from ammo:

as usual,another thread trashed by bashers for the last several pages,do you guys add anything ,is the world already bad enough...bitching and moaning ..endlessly
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Uh, no, re-read what I've said. That's not a bash. It's a valid criticism and...
 
Im shocked that no one tried to ding Jack on the 3x daily range again.

Look, Jack teaches one how to read the market in layers, but to really enjoy the cake, each layer has to be built upon.

Some will say, JH should own the world. Let me tell you that a point comes when there is no point. When you can make money anytime you want, the scarcity of money goes away, and so does the desire hoard it.

Most will not get what I just posted, but a few will. To those few, pay it forward.
 
Quote from R. Raskolnikov:

Well said :)
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In the beginning I did not understand why Jack was not a gazillionaire either. My signal generator is based very heavily on the concepts that Jack has laid out. I realized that 3 x ATR is in fact based on compounding contracts with each successful swing you catch, as one goes from beginner to intermediate to expert you can catch swings within swings. When you realize that having a big bank account is just a way to "keep score", it only makes sense to take only what is needed to help self and others close to you. I am in the process of doing that now. At first I said I would stop when got to this many million dollars, now, when I reach the goal of helping those who love me become debt free I will feel no need to trade unless I want to go on a trip or something. My first thing is to take care of the car of a friend of mine and then work from there. The anger some have towards Jack is that they cannot break that barrier that keeps them making their own dreams and the dreams of others come true. Why else would they attack someone who sells nothing? Why would they be so violent in those attacks? They say it is to save the newbies, but I don't recall any newbie I know asking to be saved. Strange stuff my friend, very strange stuff.
 
There are a lot of weird people in this world, and apparently some of them are very angry too :)

Quote from RCG Trader:

Why else would they attack someone who sells nothing? Why would they be so violent in those attacks? They say it is to save the newbies, but I don't recall any newbie I know asking to be saved. Strange stuff my friend, very strange stuff.
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I did that ages ago, WAY before I ever heard of Hershey. But thank you for your concern. I have noted it and added it to my files. :)



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Quote from mindovermutter:



if you'd expended half the energy designing your own methodology

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About two years ago I asked Jack a simple question and received a very cryptic response. It took me a while to understand what he was trying to convey - I call the system Canoe (you will figure this out if you look at prior post).

The outcome was surprising, the system has been running untouched for the past 7 quarters (trading the e-mini S&P) and has shown a profit every quarter (past performance is no indication of future results - in other words I am still waiting for the system to fail - frankly it would be nice to have a failure - at least a small one)

The return is lower then I expect, but 60% annualized net (all fees) is not shabby (actually the return is a higher - but this appears to be what its is averaging out at (sure as hell, as soon as I post this reply the system will go south on me))

Jack has claimed that he can make $150k per contract per year - I find this extremely unlikely - the best I have achieved (play money) is $90K (all fees) - I am shooting for less however $20k per year per contract.

,...G
 
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