Guru Abreaction

I dont have a reputation as a blowhard here, I gave you some very modest #'s. If you choose to believe them or not, thats up to you. If you want some evidence of my credibility, read through this link:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=61514&perpage=6&pagenumber=88

 

Sorry, that's not evidence of your credibility.
You need to substantiate your claims.
Was it papertrading?

 

No, real money.

 

Who audited your results, then?

 

I'm sorry, I am an individual trader, dont have people auditing my results. Dont worry, if you dont believe me, no worries. Just thought I'd share my experience so far.

 

Good work Steve.

Here's a spreadsheet model I put together, based on Jack's writings. The model shows the recommenced Position Sizing increase when trading this (or any other scalping) method.

As you can see, the model anticipates the trader starting with a base performance bond of $2,500, an anticipated profit level of $100 and a protective stop placement of $100.

You should free to modify it it based on your individual trading needs/setups.

Good trading (to you and everyone else),

Jimmy Jam

 

Steve, thanks for sharing your positive results. Keep it up!

 

Spleens vented, bile spewed, spittle drying, I think it is time for an overview.

Taking it from the top, the Hershey Futures Method seeks to pick tops and bottoms. As such it satisfies Justin Mamis' definition of good trading: minimum risk at the time of maximum uncertainty. It thereby avoids the fades the crowd suffers when they enter on apparent "certainty".

Novice traders monitor price or its varied lagging indicators only. Many do not progress beyond this. Relatively few traders carefully monitor volume simultaneously. Much less correlated markets. Or anti-correlated markets. Or the depth of market. Or the tape. Those who remember being novice traders will recall how difficult it is to increase span of attention. I myself monitor over 20 things, but cheat and use codes and audibles and flashing lights as attention getters.

So I think the B-Team in the main feels inadequate and suffers from method envy.

 

Thanks for sharing Steve.
Those that can't trade consistently have always found exception with those that can. It's hard to see the light at the end of the tunnel when they can't admit the mountain exists.
Don't let the inept, impatient and undisciplined deter you from further sharing.

 

Old brains need all the help they can get. That's why EasySignal created helpers and audibles.