Initially I found Jack Hershey to be an interesting and intelligent ET character. But overtime I have seen how he wears our his welcome with all of his outrageous, unsubstantiated, unsupportable statements. His rants are childish, egotistical and extremely arrogant, and his (and spydertader's) inability to substantiate such claims as 3X the ATR, using DOM to catch all the price moves before they happen and having awareness of multiple sources of Leading Indicators are all complete bullshit. The fact that he came onto a thread I started, made his outrageous claims, left (to everyone's relief and continued enjoyment of the thread) and then came back to continue his rants (which were supported by a PM from spydertrader) was the absolute last straw for me. The guy is a menace, and unitl he and/or any of his cult-like followers (lead by nkhoi, spydertrader, callmate, tums, etc.) produce any information to the contrary, as far as I am concerned they are all a bunch of absolute frauds and are not even consistently profitable intra-day traders. Perhaps Vienna wants to climb on board the Jack Hershey Spaceshit, seeing as he/she (sorry, I have no idea what you are) was already ripped-off by a considerable amount of money by John Carter, maybe he/she wants to give the trading fantasy another twirl. Whatever with these people and their bullshit.
I'm not sure what compels Jack to invade threads and litter them with his long and pointless off topic posts but it does not win him any friends and as far as I'm concerned he deserves everything he gets I suspect by the words he uses and the cheap NLP tactics that he is not as intelligent as he would like others to believe and is constantly compensating for that fact Truly respected intellectuals are not banned from chat forums.. I doubt they even frequent them
The issue about is grandiose statements is more of a concern with new ET members not knowing the history invovled with Jack. Thus, the new folks believe all of this is about his method. In contrast, those that have been here for many years knows how the debates got started and it had nothing to do with his method because he hadn't revealed his method at that time. In fact, the personal attacks, stalking et cetera started prior to him revealing his method. Jack would counter-attack via showing up in another thread to hijack it et cetera. The fact remains, undeniable, neither side (those against Jack and those for Jack) that has made claims about being profitable traders or having a profitable trading day have posted any brokerage statements, broker profit/loss blotter nor any other verification... Not you nor Jack. I have seen a ET member post many broker profit/loss blotters in the Traders Profit/Loss journals and he did say he used or uses concepts from Jack's method without any verification that his consistent profits were indeed via concepts from Jack's market approach. Also, lets pretend or assume that Jack's method does not work the way he saids it does. However, someone using some of the concepts he teaches to improve their own trading in comparison to their trading prior to using Jack's method... That implies there's some merits. The crazy part is that, from what I've heard, his method is just old stuff (e.g. channels) that's used by many to improve their own trading even though they've never heard of Jack Hershey. Heck, my step-father talked about channels back in the 70's and early 80's when he was a successful floor trader. My point is that when examining a method...you can't just look at the grandiose statements no matter how ridiculous they may be. You got to break it down into individual parts and take what you need if interested in the method. Surely your own trading method with it's individual components wasn't entirely developed by yourself. We read articles, hang out at forums, listen to our trading pals and pick up bits and pieces here and there to form our own method. Has Jack said one thing that made sense to me although I don't think it has anything to do with his method. Yes...something he said a long time about involving volatility analysis although he used the words "contraction" and "expansion". Old concepts that's been around for ages...concepts used profitably today by traders that never heard of Jack Hershey. Therefore, if he was to say to me that he uses volatility analysis to make 10x the range... Sure, its a ridiculous grandiose statement but I'm smart enough to know that a trader can be profitable via volatility analysis and smart enough to know that Jack didn't event the wheel about volatility analysis. Simply, your wasting your time and energy to get caught up with his grandiose statements of yester-years when you can spend the same time and energy to prove that it's not possible. Also, you aren't going to scare Jack away which is obvious after many years of these types of debates... He's still here. Nor will any newbie ET member be protected because if the method is that bad as some imply... Don't you want these folks to be on the other side of your trades. Therefore, why try so hard to discourage them or try so hard to inform the newbie when you should be doing just the opposite. I'll tell you why... Like I said before, it has nothing to do with his method (lame excuse) and more to do with revenge (harassment) about whom he is as a person reflected in his message posts especially in threads where he's not welcome... Traders that's been around for many years knows this as fact in comparison to someone new on the scene only hearing about the grandiose statements and nothing else. Simply, I'm not naive to believe this is all about his grandiose statements considering many in this thread attacking Jack have made a few of their own grandiose statements without any verification. These are my last comment in this thread because the moderators are too damn lazy to close this thread...reason why we are where we are today. Mark
This is not about revenge or harassment. It's about someone in our midst who is continually making arrogant, impossible claims and people calling him on them. If Jack really could make "3x H-L in ES as a practice" he could easily make this all go away with verification. Anyone who's read his posts knows he'd certainly love the attention that would come from that, plus the satisfaction of shutting us up once and for all. But he can't do it so that's not an option. What I find interesting is that so many people think it's OK to make claims like that without backing them up.
didn't Vienna just make the very same point some post back? Let me put it this way there is no rhyme nor reason to this guy. But if you want to give him more attentions go right ahead.
You are so dim witted you don't realise that in your own pathetic passive aggressive way you just did
What the hell are you talking about? There's no one "guy" on this thread trashing Jack Hershey. There are many people who are fed-up with him ... and many more who can't wait to denounce him and his acolytes whenever he/they rear his/their ugly head. Get a life and get a clue.