Jack Hershey's Books

Although I don't often find myself agreeing with Brother daniel_m, I have carefully read each of his 4 points and I find myself in complete agreement with them...

 

Please put me on ignore and, if you still have needs re: me, then commiserate in chit chat or something with others of like kind. My focus is on using principles pragmattically to improve the rate of capital appreciation in equities and commodities futures indexes.

I suggest that people improve by levels. I suggest that the given level is done when they have a specific earned profit. Since you haven't grasped that but, on the other hand, you mistakenly see what I say as doing something that would be too incredible for you to achieve, take your advice and do not attempt to learn from me. You will need to rethink a lot of stuff before it dawns on you how to understand the potential of peole who can iteratively improve to an excellent level.

The four items you mention, for example, are circumscibed by my comments. Why not step out of the box you have put yourself in and not just mimick.

 

If you were a pragmatic person, you would just place detractors on ignore and not waste time with bad grammar and poor spelling to engage in flame wars.

You are quite disingenuous.

 

Jack,

It is simply not worth my time to reply to all that BS in your reply. I'm going to be the bigger man and end the bickering here. (Plus, how could I compete with a genius like you anyway?)

Have a nice day,

FRuiTY

 

Jack Hershey may be a fine individual who is an excellent trader; I have no problem at all acknowledging these possibilities. What bothers me are his long, rambling posts that are mostly unintelligible. I have seen his exercises in mangling the English language for years in various investing/trading forums. He always has a group of wannabee traders who hang on his every word without really understanding what the hell is he saying.

They are all PATHETIC WEASELS who are consistent losers in the game of trading who think they have finally met their guru savior.

If Jack Hershey really has a successful methodology for trading the markets and wants to help the pathetic weasels who listen to him on ET and elsewhere, why can't he explain his strategies in simple and concise language? He should be able to explain his beginner strategy (or whatever he calls it) that will produce $90,000 a year for new traders in less than 100 words, certainly not more than 150 words, that a freshman in high school could successfully follow. If he can't do it, then I would label him a phony.

 

yes, and when that "specific earned profit" amounts to the ludicrously high level of 20 ES points per day per contract ON AVERAGE, I, and every other sane individual with a modicum of trading intelligence, would be HIGHLY skeptical, and challenge you, as we have done, to produce (just one piece of!) credible evidence that you have ACHIEVED (with others, let alone YOURSELF) what you claim following your methods will produce.

THAT sir, is the bottom line here.

you can "fractal" this, and "harmonic" that 'till the cows come home and it won't move one iota towards substaniating your incredible claims.

 

Things are slow on the weekends. I'm just doing some housekeeping. I know you won't be reading this because of your SOP.

 

Thank god for little things.

 

Here is something for you to do the word count test upon. Good luck.

Also take the trouble to critique the expostion of what I am saying. It is important to you and not to me. There may be some non-weasal types that want your input.

any weasal ought to find this a good way to start. One of it's great benefits is that it is a common way to begin.

If you get a break do an excell spread sheet to show the various earning paths people like you follow over the years. I want to see the variations on this important theme here.

Three ways a new intraday trader can get an appreciation of making money in markets before going to a level of algorithm involving indicators:


1. Learn to do wash trades.

2. Learn to do a stop log and do periodic C&R’s to update protection.

3. Learn to do a point 1, 2, 3 trend channel every morning. And keep it current while monitoring on the 5 min fractal. Draw the one in effect from the prior day so you can see when it is broken. There is always a channel.

4. Use any one method you wish to enter with one contract; helpful ones are:

a. EMA xo’s,
b. BO’s of any sort using a bracket method that is acceptable at ET.
c. Channel BO ( This includes lateral where b. applies)

5. Go out at market when you have no C&R new stop or if you cannot get a point 2 trending with your entry do a wash exit.
6. Add contracts each you have a multiple of three of your initial capital.
7. Withdraw your initial capital each time you add a contract to your limit.


Definitions:

Algorithm. Here it means your approach.

Stop log. A record taken from price formations of each value where there is a point that determines a part of a formation.

C & R means Cancel and Replace.

POINT 1,2,3. Three point determine a channel with parallel sides. The BO ending the trend occurs on the right line. Ordinarily, a person adjusts point three after the initial channel formation.

Fractal is an uncommon name for a chart with a certain duration. I have seven that are spaced as multiples of the prior fractal. People here have hardons about this word. My list is: 1, 5, 30 mins, daily, weekly, monthly and quarterly. The 30 min is the trading fractal for equities.

EMA means Exponential Moving Average.

XO means cross over.
Channel BO This is when price BO’s the right line. It ends the prior channel. You enter after this using a Channel BO method of your choice.

Method to enter. Books are written on each of the three I mentioned. Naturally if you choose one and ask questions, you will get input from skilled practitioners who used these as they got started.

 

What utter tripe you post. Any good system can be clearly expounded with a fixed set of rules. You spout nonsense.