swordless... if you google Jack Hershey, this is the first result. If you read it with an open mind it might help you http://www.tradersnarrative.com/jack-hersheys-incomprehensible-method-971.html Jack Hersheyâs Incomprehensible Method Published May 31st, 2007 in Trading Tags: futures trading, hershey method, jack hershey, simplicity. I adore simple things. Iâm a âsimpletonâ. Thereâs an elegance in simplicity that I find difficult to fathom. Paradoxically, simplicity isnât simple at all. When you see something simple, beautiful⦠it is because everything ânot beautifulâ isnât there. Thereâs that old story of the sculptor saying that he didnât carve a masterpiece but only chipped away what shouldnât have been there. The next time you see something that is easy to use, delightful, simple, beautiful to look at, remember that a lot of thought and wisdom went into making it so. In contrast, it is very easy to make complex and convoluted things. No thought, no intelligence is really required. This week Iâve been re-reading Curtis Faithâs âWay of the Turtleâ when I came to this part: One sure sign of a Pseudo-expert is writing that is unclear and difficult to follow. Unclear writing comes from unclear thinking. A true expert will be able to explain complicated ideas in ways that are clear and easy to understand. That made me think of one person: Jack Hershey. If youâve been on any sort of trading messageboard long enough, either he or his incomprehensible system will pop up eventually. Some think it is the key to the market. He certainly claims mastery - although he has provided nary a shred of evidence. From what I understand (Iâve lost way too many brain cells trying to decipher his gobble-digook) his futures trading method calls for you to always be in the market, either long or short. And he claims he can consistently capture 3 times the intraday ATR. Oh and then thereâs the little matter of never losing. Seriously. Iâm not making this up. Hershey has been asked, and even begged, to go into any chat room and do a live trading session. He has consistently refused. Instead he continued to make grandiose claims and litter boards with his writing. And it is the most muddled jumble Iâve ever seen. Words (he loves to use Gaussian in every other sentence), made up words, acronyms, etc. all smashed together into a mash of goop. Some actually fall into the trap of believing that since it looks incomprehensible and complex it must have value. They think, âIt must be an amazing system, because I have no idea what he just said!â Iâll never forget the time a few years ago that I found him on a thread of mine on elitetrader. I decided to respond in his âlanguageâ. I wrote a bunch of nonsensical words, phrases and threw in a few Gaussians, and voila! He replied positively. I couldnât stop laughing for the next hour or so due to a very bad case of the giggles. It would help win me over if Jack made some sense. Instead he says things like âvolume fine sweepingâ and claims that the YM is a bigger market than ES. It would definitely help if he actually demonstrated his method via live trading for one day. Iâm sure the whole trading world would like to see him extract 3 times intraday ATR, always being long or short. Without a loss. But Iâm not holding my breath. Iâll stick to simple.
LoL, Thundervag is throwing a fit again. I think its about time she had a "time out" until she can play nice again
Swordsman (R. Raskolnikov) is a great example of the stages a Hershey trader goes through while studying Jack's "teachings." 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
Actually it merely highlights the moderators frustration And if you consider that a knock out no wonder I can't make any money
There must be a dumping ground for all the morons that couldn't think for themselves and got spat out the ass end of the market trying to use SCT Some of them even end up as mods