Not so sure about this. He might "out-trade" most of us (or at least scribbling about it). _____________ Trend Finding is Edge Finding and Edge Finding is Trend Finding nononsense's axiom
NN. Who knows? Maybe posting on ET lengthens your life? Jack and I are alike in that we both have much younger wives. But I think what really does it is feeding off of the credulity of youth. I do that in my business life (easy, since almost EVERYBODY is younger than me). I mean, Jack is 73 this year (I forget exactly), and the noobs he attracts are fresh out of collich. Looking for Daddy Jack to teach them what their real daddies couldn't. You can see his subtle influence in the way they even adopt his vocabulary, writing style, and cadence. The relentless assertion of success without proof even sucks me in periodically, since I do so NEED to believe. 3X the daily range with complex methods is so much more beguiling than something like the simple little QM/NQ tick fucks I described with total clarity and backed up with execution reports. Funny thing is, that was inspired by Jack. I would never even have thought something like that to be possible if I hadn't wasted my time on the Hindu-ese squeeze. But as Jesus said, "You will not always have me with you", so we'd best rejoice that Jack is back. I fancy that by attacking him we only enhance his credibility, which I take a particularly perverse pleasure in. Mike.
John, Perverse? I see this a bit differently. I always keep on thinking about the very positive side of keeping up the supply of lambs to satiate the hunger of the market-nimble. Be good, nononsense
Those books must not have been helpful to Grob in his live trading demonstration. Grob109 Craps out in a LIVE demonstration. Grob109 as to my request for a live demonstration I guess this comment from a former student who watched you "trade" live in a paltalk room pretty well sums it all up. http://www.elitetrader.com/vb/showt...shey#post444920 from the thread "Jack Hershey Trading" reiehaxm said: ------------------------------------------------------------------------------- snip I was in his paltalk room and his trading sucked......I guess I was blinded by his words and thinking he was going to show me the promise land. I wish you only the best ----and to all----- that have tried to make this Jack system/routine work. I have tried for months and very little of what he taught is helping me today. I believe that an expert can teach a newbie how to trade, but I question whether Jack was an expert at trading. I believe this is the conclusion that most have come to. snip -------------------------------------------------------------------------------- in this thread (http://www.elitetrader.com/vb/showt...shey#post444920)he also said: -------------------------------------------------------------------------------- I have read nearly everyone of your posts over the past year (with many days/weeks of time invested in your methods) and have yet to perform at $600+ a day per contract. After having said that statement above...three things are possible....#1- I have not understood your teachings....#2- something is wrong with me or my EQ....#3- I will let others fill in this reason. This post is about my frustration to get to a performance level to the likes of which you speak here. I was in the PalTalk room many weeks where you would come in for an hour or two. To be honest, your trades left me and others in the dark many times. (eg. we would get long and as the trade went south we would be down a few points then told to take profits..... or you would have to leave because of your health) Simply put, a consistent $600.00 per contract was not possible trading your calls. You state your health as the primary reason for not returning to PalTalk while you continue to post many times a day here because it's "fun". You also state that you have an "apprentice" by your side while you and him/her trade and make this large amount of money on a consistent basis. I have never heard from one of your students. I would think that with your selection process of finding apprentices that you could find one willing to share something with us. Sitting next to you while you trade would shorten up the learning curve immensely. Your students need to speak up. If your student or you can trade (buttons need to be pushed)...I would certainly think they could push the control key and say "I went long" or "I reversed". Quite frankly, I would love some proof that all this works. I want consistency. eg...The INDU-YM relationship will work one day...the next 4 days it does not. A rocket will work one day and the next 3 days it will take all the profits away. Every indicator works great on certain days but one has to know when NOT to take their signals. Some days a simple stochastic will bring you 20+ ES points.....while the next day it will take 15 away. Trading is all about risk/reward and supply/demand. Trading is very much an art form when using discretion. Jack...I ask that you or your student's make some realtime calls in a chat room. Pulling down a consistent $3,000.00 a week per contract (sometimes scaling with 2) is something that is spoken here but few believe. I know it can be done occasionally but this trader would love to see it occur in action. If it was, you would have many less critics on ET. Simply put......"Show me the money" I consider myself a disappointed student of Jack Hershey. Question for you.......Should I continue to read your posts in the quest to become a better trader? Thanks for your time. Sincerely, A good trader that wants to become great.
well, i havent paid much attention to jacks method, so my comments are from a neutral stand point one thing is clear though - if tiger woods taught me to play golf, and i was still crap, does that mean tiger woods is crap too? or does it mean that im just beyond all hope? does tiger woods ever miss a shot? im sure all the people with half a brain know what im getting at. hey chicken - when you have even tried to help folk as much as jack, maybe people will listen to you. as for now, stop, think, and do yourself a big favor.