What is "Jack Hershey's Method"?

Discussion in 'Chit Chat' started by TorontoTrader2, Mar 26, 2007.

  1. You have several threads running on various topics related to me.

    You also are a mojor long term high frequency contributor to threads others run on me.

    you are a contrarian oriented tradeer and as such you know what the potential of that style of trading is for expert traders doing contrarian trading. I hope you do not set that as the standard that another trader can achieve s an upper limit. I'm sure you do not.

    Those who trade PVT and/or SCT are not usually inclined to use what they do to set a standard for others. Most of them are doing work and they see others either doing work, being lazy or not doing work. Do you do this too? It really doesn't matter what they do and it really doesn't matter what you do.

    It is not unreasonable to question anyone about anything. What often happens is you get a response. Others have asked me how my trading goes. They are not being unreasonable. When they get the answer they asked for, then they use it as desired.

    My answers to them can be taken anyway they want. For me they are "results of trading". If someone adopts the method I use (you are not looking for anything and you have a method that satisfies you; I am well satisfied with what you have chosen to do; it is good to have a method and do it well. You may be doing that.) then they can compare their level of performance with mine. Taht is a good idea for both of us to consider. As a person publishes he is at a rate of 7X H-L, we both can make comparisons.

    You have evaluated my results by using a standard unknown to others so far. My results, for your standard are "outragious" and fit into what you call "claims". Terrific work and congratulations on completing it.

    You think and believe that my results are unsubstantiated for you. I do not know; that is only something you can determine by looking into whatever you wish to look into. So far, you have not gotten your work done on substantiation.

    You have done an analysis of people who are troubled and people who are not troubled, all with respect to something you are working on. you cannot reach a conclusion in this matter so far. Perhaps you will either look further or figure out where you are coming from. you think you know where you are coming from allowing for what you post and how you post.

    Unfortunately, it looks like you have made a mistake in one conclusion that you reached and it is with reagard to something I, correctly, know to be of a given case. I am letting you know that you have made a mistake. Use this information to carry on in the tasks you are creating for yourself to do.

    As we both look at a person who is succeeding in doing work and who is gracious enough to report to you regarding your concerns, we can ech draw conclusions and commenton the person's future.

    People preceding him have had the same curve is he having up to this point. what happened to these people is that on a day like monday, they were trading in double digits in contracts and a couple of trades netted double digits too. numerically it looks like 20 to 30 contracts in 2 trades did about 25 points per contract.

    If you did two trades as a contrarian using 20 to 30 contracts, you would make 25 points per contract as well. the same would happen for a trend trader.

    This is trading at a trading rate daily of about 500 plus total points. It looks like 25,000 dollars a day for a person who has earned enough money to be trading 40 to 60 thousand dollars of margin on a given day.

    I know trend traders and contrarian traders use more severe money management at this point. Perhaps the person we are looking at does too. So credit him with whatever amount of capital you please.




     
    #71     Mar 27, 2007
  2. I am making money using Jack's methods. You making fun of "us" only makes me laugh. If you ever get to the other side, you will some day see how funny this all is. How can you possibly think you can convince someone who is making good money that what they are doing doesn't work?

    TNG
     
    #72     Mar 27, 2007
  3. virgin

    virgin

    Tomorrow I will be in the chatroom for some calls, love to see you there making yours and never have a loss and make 3 times daily range..
     
    #73     Mar 27, 2007
  4. Uh, oh! We are up to between 41% and 62% per day (!)
    This may exceed all previous claims, records and insubstantiations. Run that through your compounder.
     
    #74     Mar 27, 2007
  5. You will note that this thread, too, has been moved to Chit Chat. Curiouser and curiouser.

    Perhaps the moderators should be a bit more moderate in their moderating. At least have the appearance of no bias.
     
    #75     Mar 27, 2007
  6. I have no interest in helping you, sorry.

    TNG
     
    #76     Mar 27, 2007
  7. Tums

    Tums

    sorry, must be the "Walking-on-water" thing really pushed it over the edge.

    sorry !

    :-(
     
    #77     Mar 27, 2007
  8. virgin

    virgin


    I don't need your help, just show us you can make profit
     
    #78     Mar 27, 2007
  9. virgin

    virgin


    This thread is now where it belongs
     
    #79     Mar 27, 2007
  10. Why would I want to do that?

    The detractors here have proven a few things to me already:

    1. They believe the system doesn't work, and are not open to considering that it does.

    2. They are too lazy to look things up for themselves.

    3. They want someone to "prove" something to them that we all took the time to learn and figure out for ourselves.

    TNG
     
    #80     Mar 27, 2007