I had a theory about NQ, since it is now $5 a tick, it is in exact correlation with YM and YM is in sync with ES. Given above, NQ is perfect instrument to hedge YM, ES thus you could run into the hedge instead of the change imho.
Nkhoi, don't be deceived by the recent high correlation. It can get WAY out of whack. For DAYS. I have had more fantasies about making money with NQ than you can imagine, many of them, curse Jack's black heart, involving the relationship with other instruments. They all come back to: "If you think you know your primary instrument so well, why don't you just fucking TRADE it?" Best regards. Mike.
Jack does push buttons; the same ones used by MarketMonk, Fxxxx Sxxxx, et. al, et. al, and he is very, very good at it. With 10 years or more daily practice he is the best 'forum fake' there has ever been. But why are people drawn to his posts? The answer is that the decision matrix for a beginning trader reading the Hershey 'body of posts' looks much the same for the classic Pascal's Wager argument: If a trader can reach unlimited wealth, able to turn $10,000 into $15M within a year, 3 * H-L, 'always in the market' yada, yada, yada, no doubt he will be rewarded with a fantastic change in life style = he wins; If the Hershey trader does not take the Hershey trading opportunity = misery (missed chance of a lifetime) Always wonders if he could have been successful. However, if the Hershey trader tries but cannot succeed = status quo (no change in life style, regret but less than the misery of missing the chance of a lifetime) In a population of sufficient size (EliteTrader) there will be people waiting to pay attention for a while to see if they can just possibly succeed. Hershey cannot survive on his own blog or individual site. He needs a constant inflow of newbees and constant turmoil to attract attention. What is interesting to me is the number of people who fail and hold on to it long after the claims have proved to be untrue.... And, the number of experienced people who go along with the fraud even knowing that the claims are untrue. If you remove the lies, outrageous claims, and posts that in Sypder's words everyone knows such as thing cannot be possible, then you have a standard channel trading system. Can it be profitable? Yes, in wide range days when losses are quickly cut. However, once Hershey stops posting his outrageous claims, misrepresentations, lies, and stirring the pot the interest will be very similar to any other trading system thread. Does it work, yeah, kinda, depending on the skill of the trader and the market volatility. Profits and losses will be similar to other channel trading systems, not more. For Hershey to get the attention he seeks it is essential to never, ever post real results. Results would make Hershey's Wager a bad or break even bet with many alternatives.
That is my guess, too. And it seems so counterintuitive. On the one hand, Jack himself said that detracting posts draw attention to his methods which, in turn, support his "pay it forward" cause. Perhaps not in those words, but that is essentially what he said. However, I think we would ALL bow at the Alter of Jack if he could just substantiate his performance claims. So, which is it, Jack? Do you want the attention that you say helps your cause, or don't you? I should think you would get all the attention you could handle if you validated your making 3 times the daily range with regularity and averaging 4-7% per day. However, if you cannot validate your performance claims because they are, in fact, not valid, then you are going about the task of getting and keeping attention in exactly the right way. It seems that both Jack and God work in similarly mysterious ways, keeping guys like Pascal busy at the high-speed Hail Mary machine.
That's the bottom line right there... this has been going on for almost 10 years that I'm aware of and I predict it's not going to change.
Slacker, but Jack is in a Box. He knows that the OPPOSITE also isn't true. If he posted profitable results, no one would believe or follow him THEN, either. Look at my case. Does anybody believe me? One car? Hahahaha! Picks and chooses trades, they say. Do you see people falling all over themselves begging to prostrate themselves at my feet? And I post fucking REAL trades! Trust me. The day will come when I post 10 or 20 car trades, and everyone will cry "Photoshop!" Or "Shit luck!" Or "He's demonstrably a CFI! Always has been!" And dredge up old posts where I am clearly dead drunk and pussy-obsessed. No, Jack should do like I do, and constantly re-invent himself.
WOW, if you've spent 10 years of your life argueing with Jack and are STILL HERE ARGUEING, you've got to be theee Biggest LOSER on this entire site!!! What the fuck is the point of argueing for this long with someone about something like this? Get a life bro. Geez, I thought argueing for a 100 page thread was a little obsessive but 10 YEARS. LOL, that takes the cake!!!!
No moron, I haven't been "argueing" with Jack for 10 years, he's been playing pied piper for 10 years. But you're ignorant so I wouldn't expect you to pick that up. Where does that place you on the top loser list of all time, as someone who's defending such a person?