Questions to Jack Hershey

Quote from bwolinsky:

No there wasn't. He owed backtaxes on property. It wasn't income, but a bunch years cheating the system out of property taxes.

You'll need to dig up the post where this was explained because I do not keep track of nonsense like that.
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I notice you accumulate many positions on price weakness, "averaging down" as they say, then dump them all when you're in the green. This would explain your high win rate. I found this out myself trading long options, but didn't have the ballz develop the method further. :D

I went through my trade history and found the largest wins, by far, were when I kept buying as an option depreciated, as long as the underlying sat on a support. Then one day the price would pop and I'd drop. Kachingo.

Just like "use stops", the old "losers average losers" rule was disproved in real trading. The trick is to have the high probability setup. Sounds like you use a volatility and spread input. I had a neat little price pattern based on in-trend reversals, but it only worked in a bull market. :D
 
All kidding aside in some previous posts, just having fun.

Jack, What is the single best log for trading you have written and used yourself for all 81 - 5 minute bars.

Serious question. I have seen many of your log sheets and have used some, but I would like to know which one you have used to detail has been the best for its purpose.

I am interested in one of your really good sheets to log with and to use for some time and see what develops.

Sincere Thank you for any contribution you may post here.
 
Pinky says:

“Any fool can make things bigger, more complex, and more violent. It takes a touch of genius-and a lot of courage-to move in the opposite direction.”


No, wait....that was Einstein.....

Well, Pinky likes Einstein, so that's ok..... :D
 
Quote from MarketMasher:

Pinky says:

�Any fool can make things bigger, more complex, and more violent. It takes a touch of genius-and a lot of courage-to move in the opposite direction.�
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"any idiot can design a complex system, but it takes a real genius to design a simple system to perform the same task"
 
Quote from TIKITRADER:
Some of Jack's logs here but I was looking for the older style that was blank of filled in data.
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Log is personal.

If he logs, he would need to record his MADA in audio. How is he going to write down his log if he takes profits at least twice on each 5-min bar?
 
Quote from Paddler:

Log is personal.

If he logs, he would need to record his MADA in audio. How is he going to write down his log if he takes profits at least twice on each 5-min bar?
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His Minions do the logging while he presses 't' ... :D

Some of his older logs that I no longer see around, Jack would log as many as six lines of information per five minute bar.
Also I do think Jack uses Dragon for speech to text.
It could then be logged at latter time .
 
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Quote from TIKITRADER:
His Minions do the logging while he presses 't' ... :D

Some of his older logs that I no longer see around, Jack would log as many as six lines of information per five minute bar.
Also I do think Jack uses Dragon for speech to text.
It could then be logged at latter time .
More...
I like his finite math in the ten cases of adjacent bars and case mutation of forming bar. It is actually common to MADA and log more than six lines per 5-min bar. The basic symbols of a forming bar could be SYM, FTP, FBP, Stitch, Hitch, OB, Spike and IBGS. Combine the mutating cases with sentiment change, volume change and the point in fast fractal, you will face few surprises. As someone said, it is in the subtle differences. :D
 
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