what's your Jack Hershey trading system win/loss ratio ?

Quote from jsp326:

Most JH discussions stop when something like this is posted (link/source of the quote at the end):

"Here are the facts so far, the only time Jack Hershey has ever gone on record was in 2002 when he lost 26% in a trading contest, he didn't even have the integrity to finish it, he started losing, made excuses and ran.

Not a single member of SCT including Spydertrader has ever made a live call or posted their P/L

The language is deliberately and ridiculously esoteric to hide the fact that nothing is really said, in fact some of the words are laughingly innapropriate...

But the easiest measure of Jack and his method comes from his own lips when he claims:
'With SCT you can reap 3 times the daily range without ever having a loss'

Thats right, he says without ever having a loss.. only the gullible and ignorant need apply!"

http://www.trade2win.com/boards/seminars-tutors/13625-jack-hershey-5.html
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I want to state up front that I am not a Hershey trader. It is a way too cerebral method for me to trade. The method I use is consistent and profitable so I see no need to change.

That being said I have taken the time to learn and understand the components of the method so I was more informed than the typical "I-know-Hershey-sucks-because-it's-too-hard-to-understand-and-it-is-easier-to-just-flame-him" poster.

I personally know 4 traders that use the Hershey method to trade and they are all consistently profitable. They vary in their experience with the method as well but their learning process has been identical so this tells me method subjectivity is limited.

I know that posting SCT trades in real time would be borderline ridiculous considering the time frame that most of the SCT traders use. By the time they would post an entry the exit would have already passed. I see it is just easier to flame them for not posting trades than to understand why they can't.

The language is Hershey. The language is complicated. I agree the language is silly so what is the solution. Find someone that uses the method successfully and allow them to interpret it into English for you. You can then see it as something you don't want to trade, like I did or something you might want to look into.

The claim that Hershey or any other SCT trader can extract 3 times the daily range from a chart isn't the question. First see if a typical SCT chart can cycle an average of 3 or more times each day. If it can then apply the SCT method to see if the claim is possible. Answer this for yourself don't simply listen to the scabs that have never tried to answer that question for themselves.

Losses? Some of the people I know typically have no loss days. Is that saying everyone that trades SCT will accomplish this? Hell no!!!

If you think that everyone that tries to duplicate the skill set of any other successful person will always succeed at cloning that specific level of success then you need to stop whatever you do for a living and go get a landscaping job and leave real life to the rest of us.
 
Once just for fun I made a system on C2 and titled it something Hershey related and I mentioned in the description that I use SCT. After a few months Jack himself asked the site owner to change my system's name and description, because he did figure I wasn't using his system (which I am not familiar with anyway).

The best part of the story was that my system was actually PROFITABLE... :)

So the bottomline: The only system with a profitable proven trackrecord wearing Hershey's name was NOT using his method....
 
Quote from Colyn.Rosenthal:


I know that posting SCT trades in real time would be borderline ridiculous considering the time frame that most of the SCT traders use. By the time they would post an entry the exit would have already passed. I see it is just easier to flame them for not posting trades than to understand why they can't...
If you think that everyone that tries to duplicate the skill set of any other successful person will always succeed at cloning that specific level of success then you need to stop whatever you do for a living and go get a landscaping job and leave real life to the rest of us.
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In other words, there's zero proof and no one's willing to trade Hersheynomics in a demo account or produce sanitized live account statements. It's all anecdotal. Thanks for admitting this.

The only objective thing we have is the -26% smackdown ol' Jack suffered back in '02.
 
Quote from Colyn.Rosenthal:

...
I know that posting SCT trades in real time would be borderline ridiculous considering the time frame that most of the SCT traders use. By the time they would post an entry the exit would have already passed. I see it is just easier to flame them for not posting trades than to understand why they can't.
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That is BS. All it takes paltalk room or skype to just call trades as the trader clicks the button.

There is a hoard of people here, who would annotate and log every call.

That being said, no one is obviously is required to do any of this. Myself, and I am sure many, would be very curious to see at least 1 trader to do it in real time for even just few days, after all the posts and discussions on this method.

The strange thing that I could "never understand" both Spyder and Jack spent countless hours educating others, why not just spent few days trading live, if for no other reason, but to give confidence that the method truly works to their followers.
 
Quote from jsp326:

In other words, there's zero proof and no one's willing to trade Hersheynomics in a demo account or produce sanitized live account statements. It's all anecdotal. Thanks for admitting this.

The only objective thing we have is the -26% smackdown ol' Jack suffered back in '02.
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??? Why does it matter? Jack isn't selling anything? Spyder isn't selling anything. They give it away.

If you are smart enough to test it correctly and you like it . . . trade it.

If you are smart enough to test it correctly and don't like it, don't trade it but you at least can make honest comments about it.

If you aren't smart enough to test it correctly . . . don't comment on it and go hang out in Chit Chat.

Are there two or more people using your alias and posting in different threads?

No more comments to you in this thread either.
Vous êtes trop immatures. Grande négoce de vous.
 
now the juvenile delinquents have gone off to play elsewhere, I'll ask the question
again, and point out the question isn't about Jack Hershey or the system per se

'what's your Jack Hershey trading system win/loss ratio ?'
interested in knowing what your win/loss ratio is in trades and $

I'm not interested in second hand anecdotal opinions, I'd accept demo trading
results if that's all there is
and while members are 'free' to post what they want, it would be useful if they first
answered the question being asked before moving on to a different topic
 
Quote from Wallace:

now the juvenile delinquents have gone off to play elsewhere, I'll ask the question
again, and point out the question isn't about Jack Hershey or the system per se

'what's your Jack Hershey trading system win/loss ratio ?'
interested in knowing what your win/loss ratio is in trades and $

I'm not interested in second hand anecdotal opinions, I'd accept demo trading
results if that's all there is
and while members are 'free' to post what they want, it would be useful if they first
answered the question being asked before moving on to a different topic
More...

I doubt if anyone will respond to you because they don't want flamed from that point on. I can ask a few of the guys I know to see it they will give me an accurate figure if you like.
 
Yes Colin, please ask people who are trading JH methods. His methods have generated so many pages and so many threads - alot of which is very hard to understand - that it will be very very refreshing to see some hard stats about the performance of the method. Thanks for your offer. I look forward to see if you can post some data.
 
Quote from gmst:

Yes Colin, please ask people who are trading JH methods. His methods have generated so many pages and so many threads - alot of which is very hard to understand - that it will be very very refreshing to see some hard stats about the performance of the method. Thanks for your offer. I look forward to see if you can post some data.
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It's all hard to understand. Made my head hurt trying to understand it. Now that I understand it, I choose to stay totally away from it. I do understand how some make money with it though. I emailed 3 of the guys so let's see what I get back.
 
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