Because JH has no clue how to trade. He only knows how to try and portray himself as a guru. He is an empty old soul who drags newbies through hell, until they realize how little value he gives. His mantra is similar to the 6th Sense: "I see dead people. They don't know they are dead. They see what they want to see"
I'm always amazed by how easy it is for someone to lose all sense of logic, common sense and rationality when you present them with dreams of making money quickly. 3x the intraday range, with no one being able to produce a profitable statement. I can guarantee you that if it was actually being done as we speak, you would have a whole thread dedicated to SCTers posting their PNL. They would not hesitate one second to do it. humans like prestige, we are hardwired to show off and brag about our successes to others. 10 years of jack hershey on the internet, and no one being able to produce a profitable statement. The only live calls on records were done in some obscure skype conference, one time, with almost no one present. I mean come on guys, its really getting pathetic. If you cannot show to an outsider that your method works, how do you prove/show it between yourselves? We the detractors are not only there to laugh at you or anything. Were not just there to disrespect and bash you. We are the voice of freaking reason. Ask yourselves this. What are the top traders doing to make all that money? are they following an unproven method peddled by some charismatic people? a method that cannot be backtested, that no one can actually proves it works? its all in your mind. I know that the feeling that you are ''working all together'' on such a tremendous and potentially profitable thing as trading is exciting, motivating, and all that. But don't let those good endorphing-producing feelings blind you from the objective. And especially don't lose your sense of reality and reason. Jack Hershey is not the first person to try to understand the markets and help people. Maybe its the first one you met however, and maybe thats why you are so attached to the man. All the big firms and funds and brokerages etc they have immensely more money means and computing power at their disposal than you do. If SCT PVR etc was working, they would all be using that. they are not. Even the Trading geniuses and prodigies of this world, those who are routinely interviewed in fortune magazine or the financial times or the wall street journal, The same ones running the top hedge funds today, they don't do 3x the daily range on a instrument,. because its impossible. the only way to do so is by seeing into the future. If a method like that would exist, do you seriously think it would be the exclusivity of some clowns on a Trading Forum? it would be used by larger firms, those who know what they are doing. Funny thing is they dont do that at all. Trading is a pure mathematical game, not some esoteric art that does not work real time. I guess when you drink enough of the kool-aid, you reach a level of enlightenment where you actually see the exact point where the market will reverse.
The logic of your post is overwhelming and as clear as day. ... believe it or not, it is making an impression, and people are listening.
Yes, your function in life is to be on the other side of the controversy and thus provide free publicity. I don't know and neither do you. Ah, just like LTCM with all that money, brains and computing power managed to lose couple of billions. Let's not pretend that you actually know what the top hedge funds do. I do and you don't.
Nice tirade there romanus. Attacking me instead of the issues at hand, i didn't see it coming at all!
It's ridiculous.. note to all wacko jacko apologists: Don't come in here to defend SCT without some sort of proof, it just wont wash.. you may as well turn up to a gun fight with a knife This is not a difficult concept, if I try to convince you I've seen a UFO you would quite rightly ask to see a photo or some other form of proof.. you are not going to just grin like a moron and start believing in UFO's Try and apply that to your trading because the financial cost will be a lot greater than believing in little green men
Typical obfuscation. You still haven't posted a P&L. What about that? And why not? Not because you don't care what people think of you... if that was the case, you wouldn't have made your boasts in the first place. You won't post a P&L because your claims are fairy tales, just like those of Hershey and everyone else in his cult. Because if you people really could do what you claim, not only would you post proof to shut-up us "non-believers," (instead of whining to mods to delete our posts) you'd be all over the media. So stop with the obfuscation about asking me to link to you and your fellow cultists' brags... I never said you personally claimed to be able to do 3X daily range but it's undeniable that you and other Grobians have made tons of claims of trading prowess, none of which you've backed up with proof to my knowledge. If you have any proof, please link to it.