JACK HERSHEY METHOD EXPOSED AS FRAUD! *Debated*

Discussion in 'Automated Trading' started by bwolinsky, Dec 13, 2008.

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  1. Here's the issue SPYDER, when I had already laid waste to Jack, this particular thread with the exact same listing was DELETED! I have no trust in moderators on this site.

    The fact that it took you years to come out of the closet and see what Jack was doing was appalling.
     
    #71     Dec 15, 2008
  2. Seriously, I really did, and I was shocked you didn't come crawling out of the woodwork in the last thread I exposed Jack, even after he threw you under the bus, claiming you never wrote his systems.

    I see now both of you have a problem of posting "EDUCATIONAL" programs.

    If the scripts are just for indicators, well, we have ScottD who has conveneintly exposed the logic of the system for 5 minute bars, something you obviously were never privvy enough to his inner circle to ever see... until today.
     
    #72     Dec 15, 2008
  3. You want comedy? How about these quotes from Jack, your master and guru? And what does that say about you? :D

    http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191

    http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468

    http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426
     
    #73     Dec 15, 2008
  4. ehorn

    ehorn

    LOL! There is no inner circle. I know it can get confusing at times for people. Jack is an advocate of Price and Volume. The very techniques Spyder has taught in his Journals. In your haste to pilfer some code snippets for your purposes, you must have overlooked that post.
     
    #74     Dec 15, 2008
  5. Because I didn't write any systems. I wrote chartscripts which identified Rank and Dry Up.

    As such, Jack spoke the truth. You defined what I authored as systems, since they are not 'systems', Jack's posts indicating I had not authored any system of Jack's remains true and accurate, and not, as you gleefully suggest, an example of tossing people under public transporation.

    This just gets better and better. I wish I had stopped to read your delusional rants sooner. I haven't had this good a laugh in ages.

    Please, do keep the conspiracy theories coming.

    - Spydertrader
     
    #75     Dec 15, 2008
  6. I take the Jiminy Cricket quote.

    Long + Short
    Starting Capital $147,000.00
    Ending Capital $208,884.66
    Net Profit $61,884.66
    Net Profit % 42.10%
    Annualized Gain % 18.80%
    Exposure 0.80%

    Cash Interest $0.00
    Margin Loan Interest $0.00
    Total Commission ($5,922.00)
    DividendsPaid $0.00

    Number of Trades 104
    Avg Profit/Loss $595.04
    Avg Profit/Loss % 0.11%
    Avg Bars Held 35.38

    Winning Trades 43
    Winning % 41.35%
    Gross Profit $125,941.32
    Avg Profit $2,928.87
    Avg Profit % 0.52%
    Avg Bars Held 76.26
    Max Consecutive 3

    Losing Trades 61
    Losing % 58.65%
    Gross Loss ($64,056.66)
    Avg Loss ($1,050.11)
    Avg Loss % -0.18%
    Avg Bars Held 6.57
    Max Consecutive 5

    Max Drawdown ($48,485.69)
    Max Drawdown Date 10/10/2008
    Max Drawdown % -19.61%
    Max Drawdown % Date 10/10/2008

    Wealth-Lab Score 1,893.52
    RAR 2,355.28
    Profit Factor 1.9661
    Recovery Factor 1.2763
    Payoff Ratio 2.8397
    Sharpe Ratio 1.2117
    Ulcer Index 8.6905
    WL Error Term 3.616
    WL Reward Ratio 5.1988
    Luck Coefficient 10.9515
    Pessimistic Rate of Return 1.5039
    Equity Drop Ratio 0.2168


    Just so you know, I was not expecting it to even be profitable. But now we see APR and DD is about at parity.

    I want to go buy my steak from Ruth's Chris, so I'm out of here. Just for finality, here's the program one more time in WL.



    I think what will be a relief for both sides is that we know what the conditions are, after years. Having the program is more important for other people to be the judge. My take is that I have better systems.
     
    #76     Dec 15, 2008
  7. I think I might've been here for a week when I saw JH's amazing posts & realized he was a fraud, and that anyone following him was dumber'n a bag o'hammers.
    Or, as they say, a fool & his money are quickly parted. After all, someone's got to fund the market. Now I know who does.
     
    #77     Dec 15, 2008
  8. Jack and his followers are masters of marking up a chart at the end of the day showing where they entered and exited.

    I have never understood their claim to want to "help" traders, but when asked to show this help in real time ... their not interested. Instead they mark up more charts describing the action that has already happened.

    Prove me wrong and make some live calls.
     
    #78     Dec 15, 2008
  9. ehorn

    ehorn

    I have never understood their claim to want to "eat" a fish without learning how to fish themselves, but when asked to do the work in real time (learn how to fish)... they're not interested. Instead they mark up more posts describing that they are hungry but too dam lazy to do the work to learn how to fish.

    Prove me wrong and do some work.
     
    #79     Dec 15, 2008
  10. It's done ... :)
     
    #80     Dec 15, 2008
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