Check the time stamps of Jack's posts for the last 2 weeks.. every major move that took place in the market saw Jack drafting and posting a page long rant as it was taking place He doesn't trade!
Just for conversations sake, how many trades a day do you think I don't do. If I'm an advocate of being in the market all of the time, how much of the day (as a % of RTH) do you think I am dealing with my execution platform? If the market is really moving am I doing a lot of trades? If the market is moving very slowly am I doing a lot of trades. If the market pace is below medium am I doing a lot of trades? When would I be doing the most frequent trades (clue: when did you screw up SPM the most)?
Jack, let's take these one at a time... 1) You claim: "I do reach my goal of 3x H-L in ES as a practice." http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=reach+goal+3x#post912447 Yet your documented performance in a trading contest is -24%. Why don't you just put this to rest once and for all and show us, instead of ignoring this or replying with a long winded obfuscation? Answer: you would if you could but you won't because you can't. This is so obvious. 2) My backtesting was correct, given what I tested which is what you provided (attached at the link below). However, you and your followers have continuously tried to smear my work by adding conditions after-the-fact which weren't in the original document. Give it a rest. ANYONE who checks what I did can easily replicate the results. I've addressed this MANY times. Here it is yet again: http://www.elitetrader.com/vb/showthread.php?s=&postid=1940441&highlight=turn+relation#post1940441 3) Merrill Lynch "coattail" traded you on a national basis? ROTFLMAO!!! Just who do you think you're fooling?
HEY! Maybe you guys should leave the Jack Hershey crowd alone ... there are a lot more fucktards over on the ES Journal thread than the Hershey crowd ever had.. I put my foot in their ass all day today, and man was it fun! Not that I'm trying to stick up for Jack or anything (even though I do trade channels ... and support/resistance don't really mean crap to me ... and I do like their discipline). It's just fresh meat, that's all I'msay'in, it's just fresh meat (they lie through the fuck'in teeth over there too, you know). :eek:
my proggie took 844 points off the dow scalping in a 150 pt range, with the dow finishing flat for the day...crazy day for sure and doubt I could have done it manually. best, HPT.
ET will leave a legacy of cognitive biases and faulty judgments, exemplified by hostile or trivializing attitude towards different ideas. In science, the acceptance of new ideas follows a predictable, four-stage sequence. In Stage 1, skeptics confidently proclaim that the idea is impossible because it violates the Laws of Science. This stage can last from years to centuries, depending on how much the idea challenges conventional wisdom. In Stage 2, skeptics reluctantly concede that the idea is possible, but it is not very interesting and the claimed effects are extremely weak. Stage 3 begins when the mainstream realizes that the idea is not only important, but its effects are much stronger and more pervasive than previously imagined. Stage 4 is achieved when the same critics who used to disavow any interest in the idea begin to proclaim that they thought of it first. In SCT-like anticipatory manner what must come next for T666 and the likes is the claim that theyâve been plagiarized even before they were born.
Only absolute children like yourself are sucked into claims of 3 times the daily range without ever having a loss and always in.. your wallet will be the ultimate teacher of trading reality