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

Colyn.Rosenthal · Sep 1, 2011

Quote from Rodney King:

Uhhh, do you really think people will come out of the woodwork to brag about their <i>losses</i>?

Absolutely no one brags about their loosing trades but honest traders will admit to having them. I personally have them all of the time.

My trading goals are to achieve more winning trades than loosing trades, my winning trades need to be consistently larger than my loosing trades and that my stops give each trade room to run but are tight enough to protect my profit.

How about your trades; ever have a loosing trade, make a mistake, ever error in anyway while trading?

Zr1Trader · Sep 1, 2011

Lets look at what's possible

There were 8 gyrations measuring over 50 pts each today on the YM for a total of 730 available pts.

If you know how to trade the gyrations taking a chunk of each move with an accurate and reliable method with signals that keep you on the right side then lets look at what is possible from the days offer. It is not impossible to take a chunk from each gyration and if you break it down by percentage of move captured....

Good 10-20% 73pts-146pts

Great 20-40% 146pts- 292pts

Elite 50-70% 365pts- 511pts

oraclewizard77 · Sep 1, 2011

I think you mean ticks not points. For example, I took 1 trade which was a scalp on CL for 10 ticks of profit.

Quote from Zr1Trader:

Lets look at what's possible

There were 8 gyrations measuring over 50 pts each today on the YM for a total of 730 available pts.

If you know how to trade the gyrations taking a chunk of each move with an accurate and reliable method with signals that keep you on the right side then lets look at what is possible from the days offer. It is not impossible to take a chunk from each gyration and if you break it down by percentage of move captured....

Good 10-20% 73pts-146pts

Great 20-40% 146pts- 292pts

Elite 50-70% 365pts- 511pts

Colyn.Rosenthal · Sep 1, 2011

Quote from Zr1Trader:

Lets look at what's possible

There were 8 gyrations measuring over 50 pts each today on the YM for a total of 730 available pts.

If you know how to trade the gyrations taking a chunk of each move with an accurate and reliable method with signals that keep you on the right side then lets look at what is possible from the days offer. It is not impossible to take a chunk from each gyration and if you break it down by percentage of move captured....

Good 10-20% 73pts-146pts

Great 20-40% 146pts- 292pts

Elite 50-70% 365pts- 511pts

You need to be careful posting common sense statements like that. The ignorant police will start calling you names.

by the way . . . well stated.

Pekelo · Sep 1, 2011

Quote from Zr1Trader:

Lets look at what's possible... today

Lately the volatility has been way up. Remember the days when ES moved in a 5 pts range??? Making 8 pts per day 3 years ago was way bigger feat than today...

SnakeEYE · Sep 1, 2011

Quote from Pekelo:

Remember the days when ES moved in a 5 pts range???

That was exactly the time when JH suggested to carve every feking wiggle..wich was pointed out to him several times,yet he prefered to ignore it..

nkhoi · Sep 1, 2011

Quote from Pekelo:

Colyn, could you clarify? First you said you knew 4 SCT traders then 2 others PMed you? That is already 6 profitable JH traders, we are getting to the statistically signifficant number!

...

your math was a little bit off, lets try again. 1/2 of jh traders that he pm said they are profitable hence 50% jh traders are profitable. Now that's statistically signifficant number!

Quote from Colyn.Rosenthal:

I said I knew 4 SCT traders.
I emailed all 4 of them.
2 of the original 4 emailed me back.
The information they gave me I shared.
....

Colyn.Rosenthal · Sep 2, 2011

Quote from nkhoi:

your math was a little bit off, lets try again. 1/2 of jh traders that he pm said they are profitable hence 50% jh traders are profitable. Now that's statistically signifficant number!

Using your own math, what percentage of moderators on this site have IQ's over 100?

baro-san · Sep 2, 2011

An experiment that vindicates Hershey's point about SCT getting the trader in sync with the market. Yes, "with cans"!

<iframe width="420" height="345" src="http://www.youtube.com/embed/Aaxw4zbULMs" frameborder="0" allowfullscreen></iframe>

xiaodre · Sep 2, 2011

What on earth type of instrument gives you slippage after 3 contracts? Are you trading onion futures in Mongolia or something?

Quote from Colyn.Rosenthal:

...

I only trade 3 contracts, not because of confidence, but because if I trade more than that I will increase the slippage and decrease my profits per trade based on the specific chart I trade.

I make a great living doing this. I won't tell you how much but way more than your think. That being said, why increase my size. I currently earn way more than I need and once I finish automating what I do I will simple spread out the trades and kick back into retirement.

Compounding is for people that think their edge will disappear so they beef up the front end believing the back end will disintegrate at some point. My pond is stocked daily and will be forever. When the pond stops getting stocked we are all in for a world of hurt. I have no need to net 100's of fish and freeze them each day. I simply fish for what I need each day and go home.