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

Quote from Specterx:

What on earth are you trading that more than three contracts will hit you with meaningful slippage?
More...

Maybe Jack Hershey mannequins? I think there are only a few hundred in existence.
 
Quote from jack hershey:

There is a lot of banter here by those who have not experienced making money trading.

For trading the ES, I recommend a limit of 250 contracts.

Secondly, if you are a full time trader, you are stating that you do not know very much about trading.

Lastly, the two reasons I used to post where to get people to commit to helping others learn and to contibute new found time and some of their profits to local problem solving.

The fact is that you will never find enough problems to sove for the profits you are making. The others that learned are also contributing to solving problems.

One of our current projects is to set up 200 local tradment centers for vets who have acquired PTSD.

By trading profits in 501 (c) (3)'s you are able to do about twice as much because you do not have to pay taxes on profits.

This post will be removed in 20 minutes.

as a side comment, you can look at Nodoji's posting effort from beginning to end. Donna demonstrates just how it is when you do not "know that you know". She semonstrated as most of the detractors do, that the fear and anxiety of adding contracts is impossible to over come. This leads to the anger towards me that you see expressed here and over and over.

There is a simple solution but it will not occur to a person who does not know how the market works.
More...

....says the oh wise and great obi wan kinobe
 
quote from jack hershey

....

This post will be removed in 20 minutes.

.....
More...

hurry before the tape burns up ... :D

attachment.php




<param name="movie" value="http://embed.break.com/MjA0NDIxNA=="></param><param name="allowScriptAccess" value="always"></param><embed src="http://embed.break.com/MjA0NDIxNA==" type="application/x-shockwave-flash" allowScriptAccess=always width="464" height="376"></embed></object><br><font size=1><a href="http://www.break.com/usercontent/2011/4/15/mission-impossible-squirrel-2044214"
 

Attachments

Quote from Pekelo:

If we are talking about ES, it takes way more contracts than 3 before you experience slippage issues. But even with a small slippage, with increased size, profit should increase too.

Theoretically speaking, a trader should optimize his trading as much as possible. Meaning making as much money as possible in the safest way. So if there is way more money in your system, why leave it there???

Let's say you are a hotel owner, not a trader. Your rooms go $100 a night, but because of your unique location, you could charge as much as $300 and get away with it. So why not charge way more than $100, if the circumstances are right??? You could still donate the extra money for your favorite charity... :)
More...

I don't trade the ES.

Optimizing ones trading doesn't mean getting greedy. I make as much money as I need as safely as possible. There is more money in my system per chart but I don't need it. If I don't need it why extract it. I know that has to wax your ass but that is why each trader, like each person in this industry is an individual and different. Some of us have been trading for years and will continue to many more years to come. Some come and go in the blink of an eye. Some have respect for others, some have none. Look at some of the posts following yours for examples of that.

I do donate lots to charity.
 
Quote from Specterx:

Somebody making "8+ points a day" for two years should now be trading hundreds of cars, and worth millions if not tens of millions.

Is that in fact the case?

These stories come up all the time; people making claims of fantastic profits, with years-long track records... but for some reason they're still stuck at one car. It all sounds like so much nonsense to people who know what profitable trading on something like ES actually looks like.
More...

I see explaining chart size is a loosing battle so . . . yes, it's nonsense.
No one makes 8 points a day.
All of us day traders that have been trading for 15 years or more are the reason the economy is in such a mess. It is all of our collective borrowing to feed our habits.

(Not everyone trades the ES. I can think of 25 other charts I would rather day trade)
 
Quote from Specterx:

What on earth are you trading that more than three contracts will hit you with meaningful slippage?
More...

It isn't what I am trading it is the chart size that effects my lot size.
 
Quote from Colyn.Rosenthal:

I don't trade the ES.

Optimizing ones trading doesn't mean getting greedy. I make as much money as I need as safely as possible. There is more money in my system per chart but I don't need it. If I don't need it why extract it. I know that has to wax your ass but that is why each trader, like each person in this industry is an individual and different. Some of us have been trading for years and will continue to many more years to come. Some come and go in the blink of an eye. Some have respect for others, some have none. Look at some of the posts following yours for examples of that.

I do donate lots to charity.
More...

To Pekelo - Dear Pekelo, You are one of the few good contributors on ET and I completely agree with applying a bit of positive skepticism to things you read on web. However, the fact remains that Colyn is the only guy who got us some hard stats about JH's methods. So, lets not get too forceful in raising doubts, even though capturing 8 points per day over a 3 yr period does seem very very improbable!

Cheers
 
Quote from Colyn.Rosenthal:

It isn't what I am trading it is the chart size that effects my lot size.
More...

Holdon, what do you mean by 'chart size' ? Are you referring that you are trading high frequency sub minute/tick based charts and thats why you restrict yourself to 3 cars per trade, and additionally (and I am implying this) you trade a large number of times during the day ?
 
Quote from Pekelo:

...
TL;DR : Unless you get a statistically significant number of responses with similar results (highly unlikely) your question is doomed to fail...
More...
.... but its his turn to ask the same question.
 
Quote from gmst:

To Pekelo - Dear Pekelo, You are one of the few good contributors on ET and I completely agree with applying a bit of positive skepticism to things you read on web. However, the fact remains that Colyn is the only guy who got us some hard stats about JH's methods. So, lets not get too forceful in raising doubts, even though capturing 8 points per day over a 3 yr period does seem very very improbable!

Cheers
More...

I agree but NoDoji is someone in this forum you could look to for patiently showing you what is possible in SCT.

I repeat, for the English challenged in this thread. I DO NOT TRADE SCT BECAUSE IT MAKES MY HEAD HURT! I don't use Gann, Fibs, Bands, Sto's, MACD's, Moving Averages or any other of a hundred other pieces of crap indicators most of you use either.
 
You must log in or register to reply here.
Back
Top