The 4 stages of the SCT trader

[TraderZones]

Quote from jack hershey:

Just to keep it simple, I would classify important contributions in two ordinary categories called intellectual property and trade secrets. These, with respect to trading, are in the low hundreds. Historically, I (we) used the standard method of handling them in the financial industry (IPTSTA).

Let's rephrase that

Just to keep it simple, I would classify my important contributions in two ordinary categories called "Mass Delusion and "Baffle Them With Bullshit. These, with respect to trading, I would say my victims are in the low hundreds. Historically, I (we, if you count the voices in my head) used the standard method of misleading them into the financial industry (IPTSTA - which means Ignore Profits, Trade Stupidly, STC Torments All).

 

[Tums]

Quote from aeliodon:

My only 'doubt' about such claims is that if these guys trading ES can make money every single day with little risk then why the hell are they not trading over 200 lots and making over 10 million a year since that kind of size is ridiculously easy in the ES.

Usually people who has never traded more than one contract would have questions like this -- they simply have not experienced the duty and responsibility that goes with the privilege of trading multi-contracts.

 

[slacker]

Quote from Tums:

Usually people who has never traded more than one contract would have questions like this -- they simply have not experienced the duty and responsibility that goes with the privilege of trading multi-contracts.

Excellent point! I agree completely.

So, Tums, maybe you can answer this question, "With hundreds of Hershey techniques to select from which technique would you say is the most clearly 'Hershey' in its creative implementation?"

What uniquely Hershey technique has helped you make the most money?

 

[Tums]

Quote from slacker:
Excellent point! I agree completely.
So, Tums, maybe you can answer this question, "With hundreds of Hershey techniques to select from which technique would you say is the most clearly 'Hershey' in its creative implementation?"
What uniquely Hershey technique has helped you make the most money?

You are hopelessly clueless as to what and why you are asking.

 

[slacker]

Quote from Tums:

You are hopelessly clueless as to what and why you are asking.

Perhaps you are right.

Quote from Cocaine:I agree with you there isn't anything new under the sun which is precisely why I am comparing the "Hershey" method with the method that my acquaintance friend trades.

I will ask again.
Your fellow Hershey traveler, Cocaine, thinks there is nothing new in Hershey's method and that it has all been done before. Hershey said earlier today that there are "hundreds" of intellectual property and trade secrets. Have you seen just one?

 

[romanus]

Quote from slacker:

"Pick out one technique that you believe contributes to your profitable trading, and I can show you a pre-dated example written in detail (with much better examples and documentation) by at least one if not many traders in the past."

You're so pissed off, you can't even decide which to accusation to pick. Do you believe that "at least one if not many traders in the past" have been plagiarized and their "pre-dated examples written in detail" have been riped of?
Or, is your problem with the quality of the documentation that had significantly suffered compared to "pre-dated examples written in detail (with much better examples and documentation) by at least one if not many traders in the past"?
Personally, don't give a shit. But since you're absolutely convinced that for every one of his techniques you can show "a pre-dated example written in detail (with much better examples and documentation) by at least one if not many traders in the past", why not simply learn the techniques using those "(much better examples and documentation), written "by at least one if not many traders in the past", to make money. The more money you make, the less pissed off you will become - until, finally you reach the state where you are no longer pissed off at anybody.

 

[Spydertrader]

Quote from slacker:

Jack, what part of your 'Hershey Method' do you believe is original?

I'm not sure if you have reading comprehension issues, or you simply exhibit symptoms of mental retardation. If someone posts that the foundation of their system was written about before they were borne, how is it then, that you reached the conclusion that Jack 'invented' anything. Jack has, after all, stated on numerous occassions how he simply built on the techniques used by those who came before him.

Quote from jack hershey:

In 1934, a year after I was born, granville and Dodd wrote about the P, V relationship. I wish I had learned it from them but I learned it more from observation.

 

[slacker]

Quote from romanus:

You're so pissed off,

Not pissed off at all actually. I have given you no reason to think so from my posts that I can see in re-reading my messages.

Is everyone who questions the Hershey Method pissed off at something?

 

[romanus]

Quote from slacker:

"With hundreds of Hershey techniques to select from which technique would you say is the most clearly 'Hershey' in its creative implementation?"

Why would anybody give a shit about that particular aspect? Are you really trying to argue who should be credited with what ideas?

 

[slacker]

Quote from Spydertrader:

I'm not sure if you have reading comprehension issues, or you simply exhibit symptoms of mental retardation. ....Jack has, after all, stated on numerous occassions how he simply built on the techniques used by those who came before him.

My concluding that Jack has invented something is a notion has come from Jack himself earlier today in response to the same question. Maybe you missed it:

Quote from jack hershey:

Just to keep it simple, I would classify important contributions in two ordinary categories called intellectual property and trade secrets. These, with respect to trading, are in the low hundreds. Historically, I (we) used the standard method of handling them in the financial industry (IPTSTA).

Thanks for clearing that up Spyder, I didn't think Hershey developed anything new myself.