Quote from jack hershey:
What is jack hershey's Method?
I am posting this as a courtesy to those who wish to know.
The reporter's list for a news story is a common approach to getting a story on the table. This is focused on the "WHAT" part.
A one pager will suffice.
I have created a system. There is nothing new in it but the system is unique.
A system is composed of a structure, a process and the system delivers results.
The results vary according to the user and that is where performance is measured in terms of efficiency, effectiveness and optimization. Most people who use the system find that they do better than they have ever done before.
The process of the system is a routine done only in the present and it is comprised of four parts: monitoring, analysis, decision making and taking timely action.
Monitoring is done using a display and taking data sets.
Analysis is pairing a data set with the appropriate element of a finite conclusion set.
The finite decision set is comprised of five elements, one of which is paired to the selected conclusion set element obtained in the analysis.
Action is required each time the routine is done. Holding is the most common action.
To finish up, the structure is enumerated. The system is a template that can be applied to any market; the template is a pool extraction paradigm. It is a pairing of the market and a person who trades by a division of responsibilities. During RTH's money is extracted using three principles and the governing theorem of the market variables, the P, V relation. The three principles are:
Money is made as price changes.
you have to be in the market to make money.
You have to be on the right side of the market to make money.
The trader fits the common financial industry description of the informed, parasitic, front runner and anticipator.
The market is displayed to provide sufficient data and data processed visuals for each level of trading skill (proved by profit money velocity).
Subtending the displayed market and the routine done by the traders are trading platform and a logic display that determines the amount of extraction that is possible at any given time.
Logs are kept, debriefing is done, and captal is used according to limitations imposed by the rate of pool extraction possible.
Learning is done on the template in stocks first (PVT), then commodities (SCT), and then sector rotation. What is learned is the finite conclusion set, how to monitor, how to analyze, how to decide and how to act. Practical things are learned as well; these include logging, debriefing and setting up applications of capital and sweeping capital periodically.
There are several levels of skills(6) and with these are associated levels of capitalization. There are upper limits of capital application determined by the markets.
Not all people can do PVT and SCT. They elect out for several external and internal reasons. If you have a belief system based on the conventional ortohdoxy, you will not be able to understand or do PVT or SCT. You made this choice. If you want to do PVT or SCT, then you must choose to do the work to learn what is needed to do PVT or SCT. Anyone can mix parts of this into anything; it may or may not work out; that is your responsibility to determine.
As someone stated, anything great can be written on one page and as another stated, it is impossible to write something that explains anything on one page. I think that making money is easy but it is hard to do the work to learn to make money easily. This thought is well proven by ET forums. People in ET who are not making money as it can be made, have not done the work. Inventing is not doing work; neither is criticizing those who have done the work. I have done the work as you may find out by working too.
