why this board isn't healthy if you trade for a living

Trader666 finally shut the fuck up. Where is the dog picture? Where is the post with like 15 links about Jack? Where is the doll and music video?

You better post that shit soon before people see what an ass I made out of you!!!
 
Quote from bwolinsky:

Yes, because Jack's current version didn't work ....

So, yeah, with mods it works, without them in its current form not a chance in hell of working.
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Thank you for your professional, intelligent and insightful commentary on the truth about the jack hershey, SCT Trading system.

The fact that his system has been pimped on this website for year by his favorite hershey stooge, spydertrader for quite some time now (6 years that the other stooge, nkhoi brought him back here) and up until this point in time, there have never been any definitive statements from professional traders saying that "IT DOES NOT WORK".

Your statement is the first, bwolinsky.

Thanks again. :)
 
No surprise there.

In ScottD's last post on ET (March, 2009) he said Cashcow 1.2, which had been certified by Jack, was not consistently profitable.

Jack claims ScottD is still working on Cashcow but I asked ScottD for an update in May and still haven't heard back. :p
http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060
Quote from ScottD:

We’ve made substantial progress and this seems like a good time in the project to draft a summary of where we’ve been and where we’re heading.

Progress and milestones
• We started the Cashcow project in earnest on December 9, 2008.
• Jack and I have established rapport, clear communications, and an effective design-build process.
• We have codified a powerful set of logic, and Jack has certified each major release so far (1.0, 1.1, 1.2) as accurate.
• We created an ATS dashboard, which has turned out to be an efficient and effective analysis, diagnosis, and validation tool.
• We publically shared the baseline logic and code. Others, even antagonists, have taken the ideas and run with them, a beautiful thing.
• The “I deserve…” , “feed me…”, “it’s not possible [for me]…”, and the “I’ll take but not give…” types display their true colors and filter themselves out.
• We continue to share the latest ATS with a self-selected community of contributors from around the world.

Real world testing and performance
• We have been focused on deductive reasoning instead of curve fitting profits. Having said that, we did expect each release to be profitable.
• Each logic release has had some profitable days and flashes of brilliance, but the logic has not been profitable over a sustained multi-week forward test or multi-month back test period.
• Notwithstanding, I feel we have made truly excellent progress and we'll get there.

Looking forward
• Release 1.3 is work-in-progress and includes powerful new logic, such as Hold, Major Change, and Volume Differentiation.
• Release 1.4 is scoped to include MACD Sequences and Rays.
• I feel it is possible to design and build a profitable ATS based on ‘beginner’ logic.
• I feel there is a real advantage to designing and building a profitable ‘beginner’ release prior to incorporating greater sophistication/complexity

associated with YM or intra-bar decisions.
• The ATS architecture and code remains organized, modular, clean, intuitive, flexible, easily modifiable, and easily validate-able.
• We continue to deductively analyze the real world performance and make excellent additions and refinements.
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Quote from MandelbrotSet:

Thank you for your professional, intelligent and insightful commentary on the truth about the jack hershey, SCT Trading system.

The fact that his system has been pimped on this website for year by his favorite hershey stooge, spydertrader for quite some time now (6 years that the other stooge, nkhoi brought him back here) and up until this point in time, there have never been any definitive statements from professional traders saying that "IT DOES NOT WORK".

Your statement is the first, bwolinsky.

Thanks again. :)
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Quote from suma66:

Trader666 finally shut the fuck up. Where is the dog picture? Where is the post with like 15 links about Jack? Where is the doll and music video?
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No need for a tantrum.. they're coming :p
 
Aaahahahahaha!! :D

Quote from suma66:

Everyone... How do you think Trader666 has ammassed a whole database of hershey inconsistencies?? Besides dedicating his whole life to Jack, besides giving up any activity that might serve a purpose in life for Jack... How do you think?

jatdetective500.jpg



undercover_cop.jpg
...Trader666 in uniform


The Jack Police are on the job 24hours a day. You can count on them for finding inconsistencies and reasons why Jacks method doesn't work. They could care less about profitable trading. They've got a job to do and they will not falter!!!
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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2443643>

Swordless (R. Raskolnikov) has diligently studied Jack's "teachings" and his progression through the four stages of being a Hershey trader has been noteworthy. His Stage 1 behavior has been extreme -- especially his ingratiation -- even for a koolaid drinker. And since Swordless also suffers from a more severe reality deficit disorder than the average cultist, he is still shifting back and forth between Stages 3 & 4.

Stage 1 -- Eagerness and Ingratiation

licking my chops as i only get better :) yes, agree jack and spyder are great, jack is a little tough to follow but his teachings, once untangled, are very helpful!
http://www.elitetrader.com/vb/showthread.php?s=&postid=1563544&#post1563544

Stage 2 -- Delusion and Defensiveness

Im sure you probably didnt know this but actually on the very first page of the "Spydertraders Jack Hersheys Futures" thread there are links to many pieces of info for people to do their due dilligence first, ranging from the terminology to concepts to just basic background info. Anyone who read that stuff and continued on would never been seen as following a guru blindly. And it cleary states that one should read all the associated links before moving on.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1862711&#post1862711

Stage 3 -- Denial

I've repeatedly told you I don't trade SCT only that I asked some questions over a year and a half ago
http://www.elitetrader.com/vb/showthread.php?s=&postid=2082939&#post2082939

Stage 4 -- Acceptance

Not once have I ever spoken to Jack Hershey and for all I know he's a shitty trader like you all say.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1753104&#post1753104
 
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