Why do people believe day trading will get them rich quick?

promagma · Dec 31, 2010

Quote from jack hershey:

I do not expect very many people to see the significance of 01SEP09. This is how people separate themselves into two classes.

You're right I don't see the significance of 01SEP09 .... so are you going to tell us or what?

BSAM · Dec 31, 2010

Quote from promagma:

You're right I don't see the significance of 01SEP09 .... so are you going to tell us or what?

If he did, you wouldn't understand it.

emg · Dec 31, 2010

Quote from dalen:

We get it Emg, we know you are struggling, but creating weekly threads like this is getting old.

who said im struggling?

jack hershey · Dec 31, 2010

Quote from promagma:

You're right I don't see the significance of 01SEP09 .... so are you going to tell us or what?

Put up a V, P chart ES) from the climax run in JUN/JUL06 to the present and I'll sketch it out for you.

There are texts and videos (whiteboard discussions) available since that time.

tradewon · Dec 31, 2010

Quote from MarkBrown:

I know for a fact from his own pm to me that Jack is paid on a per post basis. Most likely his partner gains leads for prospective clients and they are directly connected to the public management of his image here on ET which clearly means he is sponsored and has protection. Also Spydertrader has financial motivation to carry the Jack torch and is most likely on a owner finance buy out program of the perpetuating scam. Only a fool would believe there is no money motivation behind JH posting.

Well that makes sense if you are going to post drivel all day instead of trade

tradewon · Dec 31, 2010

http://www.elitetrader.com/vb/showthread.php?s=&threadid=161373&perpage=6&pagenumber=14

Quote from jack hershey:

You may not be a professional explorer hired by various nations or the united Nations. I was and there was a purpose. Long range planning primarily.

WHAT?

So some guy that spends all his time in a chat room thinks he is a professional explorer and is being hired by the United Nations to save the planet? Get some help dude!

promagma · Dec 31, 2010

Quote from jack hershey:

Put up a V, P chart ES) from the climax run in JUN/JUL06 to the present and I'll sketch it out for you.

There are texts and videos (whiteboard discussions) available since that time.

I don't have the data. I am a short term trader.
Only recently, I am taking an interest in the long term

HowardCohodas · Dec 31, 2010

Quote from MarkBrown:

I know for a fact from his own pm to me that Jack is paid on a per post basis. Most likely his partner gains leads for prospective clients and they are directly connected to the public management of his image here on ET which clearly means he is sponsored and has protection. Also Spydertrader has financial motivation to carry the Jack torch and is most likely on a owner finance buy out program of the perpetuating scam. Only a fool would believe there is no money motivation behind JH posting.

Why! And how do I get into that kind of deal.

scratchy · Jan 1, 2011

Quote from emg:

why do people believe day trading will get them rich quick? hope this thread will help newbies and amateur ask themselves if they really want to trade.

Probably because with the right system it can

TradeMetal · Jan 1, 2011

Quote from HowardCohodas:

If you are referring to me, you are wrong again. Big surprise for someone batting 0 so far.

My real money account is autidable. That is what I report on.

Pay for the audit by a qualified auditor acceptable to both of us who will report on percentages and not amounts. If I have been untruthful, I'll pick up the tab and donate an equal amount to a charity of your choice.

Do you have the courage of your convictions? Here is your chance to prove it and have a charitable donation in your name, or be understood by the readers here as less than credible.

No, I'm referring to your alter ego. Why don't you have the balls to show your statements ? Why is the percentage important and not the amount ? I know why, because you can't live from it. It's not working enough so you can feed your failures in life with it.

About your remark about carrying a gun, I could post similar statements but I have no desire to throw it all out in a forum to make some kind of a statement that people should look up to me as I'm a big shot trader. You are not, you are a joke, you are fake and you need psychologically help before you hurt yourself and the people around you more like you have been doing in the past. You're a failure. Stop lying to yourself. Look in the mirror.

If you would have results to show to us, you would have done so already. You have nothing to show, it's all blablabla.

Percentages my ass, it's the amount that counts. Percentages aren't going to feed you and you know it.

Happy new year to you to !