What is "Jack Hershey's Method"?

Quote from lindq:

You can't possibly take Jack seriously!?

Jack writes a wonderful parody of all the trading gurus we've come to know and love.

He sits at his screen and laughs his ass off at the responses to his posts.

And so do I.

I would just LOVE to see him as a talking head on CNBC some day, explaining his approach to technical analysis. Great fun.
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I agree. He must laugh his ass off all day reading the replies to his posts.

I would too. :D
 
Suppose you knew this guy who says he can teach you how to make a lot of money but you dont like him. Hes a braggert, arrogant and opionated and you cant stand him. Say theres another guy around who has been documenting for a couple of years that at least some of what this guy says is true so you have at least a possibility that you could learn enough to make some decent bucks. Would not liking this person keep you from at least attempting to see if you couldnt find something that you could use there?
 
Quote from Thunderdog:

No, it is not. It is not merely a question of profitability. It is a question of the absurd profitability claims made by Jack. I don't care if you trade profitably. So what? You seem to be overwhelmed by simple profitability. However, I do care if you can make 3 times the daily range, and average 4-7% per day. And if you claim it, then I want to see it. And if you won't show it, then don't claim it.

CAN YOU SEE THE DIFFERENCE?
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TD: you are no dummy. You knew a good thing when you saw one.

the reason you wouldn't give up on Hershey is because you saw a good thing in it.

what's bothering you is that you knew it is a good thing, and that you have tried, you are so close to getting it, but you have not got it.

you are mad as hell because you knew this seemingly simple stuff should be under your belt by now, but is not.

what is making you even more mad is that the newbies coming out of nowhere are learning it and making headway with this method. You can see their step-by-step progress will surpass you in the next few months.

you are no dummy, you knew a good thing when you saw one. If you didn't think this was good stuff, you would have turned your face and walked away.



Did I make a fair assessment?
 
Quote from Steve Tvardek:

...As far as the 3X daily range, always in claim. I'll get to that bridge when I am ready. But for now, the baby steps I am taking is really the best approach for me.
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Fair enough. And I have no doubt that you will do well. But let me ask you this at your present stage of development. At the completion of your training, do you expect that you will always be in the market, alternating between long and short? And do you anticipate that you will be able to do so day in and day out without a single loss in any given trade?
 
Fair enough. And I have no doubt that you will do well. But let me ask you this at your present stage of development. At the completion of your training, do you expect that you will always be in the market, alternating between long and short? And do you anticipate that you will be able to do so day in and day out without a single loss in any given trade? [/QUOTE]

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Thunderdog, let me tell you, I know of one very young person (Jack sometimes mentions him) he is always in the market, long and short. He takes small losses, ( known as washes). He's churning a lot of points on a daily basis.
Hey listen, it's there for the taking, learn it, practice it, after some hard work it will pay dividends. Jack is a genius and he is so funny. Don't just laugh at him . Stay with him, learn from him.

Good luck
 
"Jack, I have to take my hat off to you for your entertaining posts all these years.

Absolutely the most fun on this site is to be had in watching "traders" (ha) get into the weeds trying to pull something out of your verbiage... "

Indeed. I once spent an inordinate amount of time deciphering Mr. Hershey's posts. I shall keep my conclusions to myself. But i would recommend that anyone interested in Mr. Hershey's "method" read the Hershey post of 3/27 @ 1:23 pm in this thread, as it is a fine example of Mr. Hershey's musings.
 
for the uninitiated, SCT is like walking on water. It is unbelievable !

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http://en.wikipedia.org/wiki/Non_Newtonian_fluid
 
Quote from Tums:

for the uninitiated, SCT is like walking on water. It is unbelievable !

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http://en.wikipedia.org/wiki/Non_Newtonian_fluid
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I find it quite amusing that you should make a reference to walking on water, since I had previously accused Jack of posturing with a messianic mien on several occasions.

Being among the "initiated," have you made your million yet? A number of 3-month intervals have already passed since you started your $1,000,000 thread, and I can only imagine the pot of gold you must be sitting on by now:

http://www.elitetrader.com/vb/showthread.php?threadid=75263

Which brings us to:

http://www.answers.com/poseur

http://www.answers.com/topic/poseur
 
"The Internet is the perfect place for a poseur — someone who wants to impress others as being something he is not "


Jack and Quakajackers are just that, WANNABE'S


If you look at all the big traders ; Mark Fisher, Paul Tudor Jones,etc.... you will notice that each of them are very down to earth, humble, NEVER bragging with their results.
All the good traders I met here and outside ET, have the same characteristics.

wannabe's still dream of the impossible,spend a lot of words on what might be possible but lack any real world trading numbers...
 
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