Registered: Apr 2006
07-24-12 07:26 PM
Firsthand reports from a participant:
"I have read nearly everyone of your posts over the past year (with many days/weeks of time invested in your methods) and have yet to perform at $600+ a day per contract.
After having said that statement above...three things are possible....#1- I have not understood your teachings....#2- something is wrong with me or my EQ....#3- I will let others fill in this reason.
This post is about my frustration to get to a performance level to the likes of which you speak here.
I was in the PalTalk room many weeks where you would come in for an hour or two. To be honest, your trades left me and others in the dark many times. (eg. we would get long and as the trade went south we would be down a few points then told to take profits..... or you would have to leave because of your health) Simply put, a consistent $600.00 per contract was not possible trading your calls.
You state your health as the primary reason for not returning to PalTalk while you continue to post many times a day here because it's "fun". You also state that you have an "apprentice" by your side while you and him/her trade and make this large amount of money on a consistent basis.
I have never heard from one of your students. I would think that with your selection process of finding apprentices that you could find one willing to share something with us. Sitting next to you while you trade would shorten up the learning curve immensely. Your students need to speak up.
If your student or you can trade (buttons need to be pushed)...I would certainly think they could push the control key and say "I went long" or "I reversed".
Quite frankly, I would love some proof that all this works. I want consistency. eg...The INDU-YM relationship will work one day...the next 4 days it does not. A rocket will work one day and the next 3 days it will take all the profits away. Every indicator works great on certain days but one has to know when NOT to take their signals. Some days a simple stochastic will bring you 20+ ES points.....while the next day it will take 15 away.
Trading is all about risk/reward and supply/demand. Trading is very much an art form when using discretion.
Jack...I ask that you or your student's make some realtime calls in a chat room. Pulling down a consistent $3,000.00 a week per contract (sometimes scaling with 2) is something that is spoken here but few believe. I know it can be done occasionally but this trader would love to see it occur in action. If it was, you would have many less critics on ET.
Simply put......"Show me the money"
I consider myself a disappointed student of Jack Hershey. Question for you.......Should I continue to read your posts in the quest to become a better trader?
Thanks for your time.
A good trader that wants to become great."