This is when my Bullshit-O-Meter broke, so you are buying me a new one... So this guy has been making 8 pts per day for 2 years? Really? If so, he should be buying a house, what house?, a palace for Jack!! Seriously, just imagine the compounding.....
Jack Hershey would pulverize Chuck Norris and sprinkle him across his breakfast in the morning. Jack Hershey is part trader, part super-computer and he is actually plugged directly into the fibre-optic backbone of the internet as we speak. Jack Hershey is the love child of Waxie and $$$$MR MARKET$$$$$$$.
This trade is Epic Funny...especially the comment by piezoe on page 2. I almost choked on my coffee from laughter. On a serious note though (....I don't know shit about jack hershey's method nor care too for that matter. I just like to read threads about JH because they tend to be the funniest...), I do however remember Mr Black posted some trades on a simulator here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=191352&perpage=6&pagenumber=79 You can also problem look up his quotes here: http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=3866301
Hey Colin, Thanks for digging out this info for all of us. The numbers surely sound super-impressive, however at a conceptual-intuitive level I have some difficulty agreeing with basic tenets of methodology. I don't know JH methods, nor do I have the time to explore them (frankly), I will rather go, start my spreadsheet and find historical patterns/do data analysis by myself. However, just the utter complexity of JH's methods makes it for me conceptually very hard to accept the soundness of the methods (let alone trade them). When compared to Turtle's method, or mean reversion type methods, or pairs trading or index arbitrage type stuff, opening range breakout - you name it everything that really makes money in the markets is so easy to understand. Even HFT world (at the conceptual level) is easy to understand - be it either liquidity/latency arb, or subpennying etal. But, omg JH's methods are not easy to understand at all. Thanks for your efforts, but I won't even look at his methods, at least till the time I have 500 other simple ideas to backtest and verify.
Man I must have been high when I wrote my previous post with all the spelling errors. Edit: This thread is Epic Funny...especially the comment by piezoe on page 2. I almost choked on my coffee from laughter. On a serious note though (....I don't know shit about jack hershey's method nor care too for that matter. I just like to read threads about JH because they tend to be the funniest...), I do however remember Mr Black posted some trades on a simulator here: http://www.elitetrader.com/vb/showt...6&pagenumber=79 You can also look up his quotes here: http://www.elitetrader.com/vb/searc...earchid=3866301
Exactly. Instead of emailing Hersheyheads and asking for their performance, someone should actually verifying this stuff. 8 points a day for two years with modest compounding? Yeah, do the math on that one and see how believable it is.