Jack Hershey's Methodologies (SCT & PVT)-Good Bad or Ugly

Discussion in 'Chit Chat' started by sappjason, Feb 28, 2010.

Do Jack Hershey's Methodologies warrant serious study?

  1. Fantastic-Jack's methodologies warrant the full attention of all traders (both new and professionals

    26 vote(s)
    10.9%
  2. Good-Jack's methodologies are good and should be studied to enhance trader profitability.

    10 vote(s)
    4.2%
  3. Average-Jack's methodolgies are really no better or worse than any other methodology.

    13 vote(s)
    5.5%
  4. Poor-Jack's methodologies are poor (or inferior) and really do not provide the means for a trader to

    18 vote(s)
    7.6%
  5. Horrible-Jack's methodologies are potentially damaging and a waste of time and money to even conside

    171 vote(s)
    71.8%
  1. Trader666 still doesn't understand what to 'ignore' someone means. He tries, we'll give him a bit of credit. But still failing pretty badly at it.

    :D
     
    #241     Jun 19, 2010
  2. Why are you so obsessed with 3-ring binders?
     
    #242     Jun 20, 2010
  3. It's so nice not to have the cut and paste monkey show up every 5 minutes.

    New restrictions ROCK!

    :)
     
    #243     Jun 20, 2010
  4. It looks like they have contained Sybil.

    At long last. Now this thread can be used as the info dbase it was meant to be.
     
    #244     Jun 21, 2010
  5. Jack unsuccessfully tried to impose static parameters on stocks in "Tomorrow's Newspaper Today" (attached).

    I tested buying Jack's "0 to 7 turn" of the "P,V relation" per page 8 of his paper on 1000 stocks from 2000 to 2005 -- a total of 5000 stock-years -- using spydertrader's code for the scoring and exiting 5 days later and got the equity curve below.

    [​IMG]

     
    #245     Jun 22, 2010
  6. P.S. Backtesting doesn't have to use static parameters any more than realtime trading does.

    Anyone and everyone who trades uses nothing but historical data as the basis for their trading decisions. Even tick charts are history by the time they reach one's screen. So anyone who trades and says that backtesting isn't a valid concept is contradicting themselves.

     
    #246     Jun 22, 2010
  7. nkhoi

    nkhoi

    yup he is history.
     
    #247     Jun 22, 2010
  8. I wonder if the 'weirdo's' head has exploded yet from all the pent up rage of not being able to post all his garbage here anymore?

    :D
     
    #248     Jun 22, 2010
  9. Then how did he just burn Sooky with a PM?
     
    #249     Jun 22, 2010
  10. nkhoi

    nkhoi

    I know, a pm here and there but the tone is very subdued now, gone is the false bravado, the 'you can't block me' attitude.
     
    #250     Jun 22, 2010