Jack Hershey

ravenglass said:
I have seen comments & posts on various forums about Jack Hershey, who is he?
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Ravenglass - a quick google will give you all you need to know about Jack (push-me-pull-you) Hershey.
 
There is a lot about his methods if you do a search over here:- http://www.elitetrader.com/

I did try to wade through it but couldn't make any sense of most of it. I am not usualy Mr. Thickie and I can grasp most complicated theories but there doesn't seem to be any straightforward explanation of his methodlogies. If there is an Einstien around that can explain it to a dunce like me, I would appretiate it.
 
The man is a master in his field. I recognise it.

However, so often in life, what happens is that no sooner does a genius appear, that all the dunces in the world conspire against him (Appolinaire).

I sympathise totally with the man and can only observe in wonderment how it is that he can persist in being so generous with his extensive knowledge despite persistent attack from everyone but the truly knowledgeable.

He is an old boy who makes his statements on a take it or leave it basis. I am sure he does this in the full knowledge he will be pestered with questions and criticism, yet he reveals everything, but it is so advanced that very few are able to grab it or to realise the worth of what he says in his posts.

I have often brought the risks in doing so to his notice, and that he ought to be more reticent and not discuss in public forums what ought not to be discussed in the way he does for everyone and his cat to read, yet he persists.

I must addditionally comment that his generosity in this regard is truly unbelievable.
 
It has come to my notice a few minutes ago that Jack Hershey has ceased posting on Elite Trader. This is a great loss to many aspirants. His last post was on the 19th October last year. He may finally have come to the conclusion there is no point in persisting to try to make water run uphill. My very good wishes to him.
 
SOCRATES said:
It has come to my notice a few minutes ago that Jack Hershey has ceased posting on Elite Trader. This is a great loss to many aspirants. His last post was on the 19th October last year. He may finally have come to the conclusion there is no point in persisting to try to make water run uphill. My very good wishes to him.
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What name did he post under on elite trader? & does he have his own site?
 
The 516 page thread on elite about his methods is an interesting read but those that have spent lots of time on his methods don't seem to have had much success. The thread closed, after an appeal for someone who makes a profit using his methods fell on deaf ears. Perhaps they are all dunces and there is a way to make it work but I don't think it is worth spending lots of time on methods that might not work when there are so many proven ones out there.
 
Bigbusiness said:
The 516 page thread on elite about his methods is an interesting read but those that have spent lots of time on his methods don't seem to have had much success. The thread closed, after an appeal for someone who makes a profit using his methods fell on deaf ears. Perhaps they are all dunces and there is a way to make it work but I don't think it is worth spending lots of time on methods that might not work when there are so many proven ones out there.
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As is often the case with matters such as these, you only get to hear about the ones that gripe and complain and grumble and so on, whereas you never hear about the ones who succeed, because they get on with it, and keep as quiet as mice.

This is rather like the chit chat on trading psychology. There is a lot of commentary from psychologists about the difficulties encountered by their clients and also vice versa.

This is because successful people do not need to consult shrinks. Therefore what is released is a catalogue of miseries. The successful ones again, who do not need this head drilling, and see no use for it, keep quiet, thus in both instances keeping everyone without a need to know, in the dark.
 
I am not a follower of Gann or anybody else. Neither am I a follower of Jack Hershey either for that matter.

I am a follower of myself.

But I am able to recognise also who is his own man and who is not.

And Jack Hershey has always been very generous with his knowledge, despite running a gauntlet of abuse in exchange for his unbridled generosity, and that is my observation.
 
:devilish:
SOCRATES said:
I am not a follower of Gann or anybody else. Neither am I a follower of Jack Hershey either for that matter.

I am a follower of myself.

But I am able to recognise also who is his own man and who is not.

And Jack Hershey has always been very generous with his knowledge, despite running a gauntlet of abuse in exchange for his unbridled generosity, and that is my observation.
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I learned about Gann around 15 years ago, some of his teaching I liked, others I didn't. Learning & picking up knowledge from is others is vital in this game, even if you don't agree with them I would never condone being abusive to anyone.
 
Understand that I am no no way promoting or defending anyone's methods.

But I am commenting that there are individuals who are very generous with their hard earned knowledge and expertise, even if there are detractors who adopt an opposite posture as a consequence of either not accepting or not understanding or not being sympathetic to them.

In the case of Jack Hershey, the amount of flak this old boy was able to tolerate is incredible, for no other reason that very few really understand what he is on about.

This is because his views are not clearly understandable to the great majority, as a consequence of him not being able or unwilling to explain complicated ideas in simple language.

This is his prerogative. But his generosity in being willing to share his ideas in this way is remarkable, in an open forum, even though the great majority do not grab it.

He has to be admired also at his age to continue in the way he has done in the recent past.
 
He is 90 or thereabouts, lives in Arizona in the United States. I am not completely sure if it is Phoenix itself, or at least very very near there
 
SOCRATES said:
As is often the case with matters such as these, you only get to hear about the ones that gripe and complain and grumble and so on, whereas you never hear about the ones who succeed, because they get on with it, and keep as quiet as mice.
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Can't quite bring myself to believe that Socrates.

We can quite imagine some who found him useless being quite forthright it saying so. As they would with others who are similarly abstruse and/or inarticulate. However it is quite improbable that at least one of his successful students wouldn't have come forward to defend him out of loyalty alone.


SOCRATES said:
This is rather like the chit chat on trading psychology. There is a lot of commentary from psychologists about the difficulties encountered by their clients and also vice versa.

This is because successful people do not need to consult shrinks. Therefore what is released is a catalogue of miseries. The successful ones again, who do not need this head drilling, and see no use for it, keep quiet, thus in both instances keeping everyone without a need to know, in the dark.
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Not too sure why you go off into the psychology tangent, but you've used an inaccurate model. But while we're here I can inform you successful people most definitely DO use psychologists to enhance their abilities and their success.

You may be confusing it with psychiatry. In which case I would agree with you totally. There is clear evidence on many bulletin boards of traders, would-be traders and pretend traders who are all clearly in need of psychiatric assistance.

More of a concern to me is that by your reasoning ("The successful ones keeping everyone in the dark"), those who are successful do not talk about it. Where does that then leave poor old Jack and others of his ilk?
 
TheBramble said:
Can't quite bring myself to believe that Socrates.

We can quite imagine some who found him useless being quite forthright it saying so. As they would with others who are similarly abstruse and/or inarticulate. However it is quite improbable that at least one of his successful students wouldn't have come forward to defend him out of loyalty alone.


Not too sure why you go off into the psychology tangent, but you've used an inaccurate model. But while we're here I can inform you successful people most definitely DO use psychologists to enhance their abilities and their success.

You may be confusing it with psychiatry. In which case I would agree with you totally. There is clear evidence on many bulletin boards of traders, would-be traders and pretend traders who are all clearly in need of psychiatric assistance.

More of a concern to me is that by your reasoning ("The successful ones keeping everyone in the dark"), those who are successful do not talk about it. Where does that then leave poor old Jack and others of his ilk?
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I have only just seen this Bramble.

You ought to think deeply and not bring yourself to believe it but to reason it out for yourself because it is a fact. They don't want to be pestered with questions. They are not interested in discussing in public what they bought or what they sold or for what reason and in what quantities and for what prices. They are not interested in being pestered with questions as to what gives them an edge, or how they go about formulating decisions. They are not interested in discussing what datafeed they use, what PCs, what software, what execution platforms, what their methods are, or if they specialise, what they specialise in, or why.

They are not interested in any of this. Nor do they go around picking everybodys brains, for tips, for opinions, for confirmation, for information. They do not go around traders's websites and forums asking endless silly questions, nor do they beg advice from anyone, ever.They do not do any of this, because they do not need to, and in addition they have earnt their right to privacy, so you are not likely to encounter them ordinarily as you would people who do the opposite to this.

Insofar as a foray into the psychology tangent is concerned, the model I use is perfectly accurate. Successful traders do not have psychological problems. They have solved all of them in order to be able master themselves in this arena. Only traders who do not succeed need shrinks of any sort.

Where this leaves poor old Jack and others of his ilk is that despite persistent appeals that he should not be freely generous with his knowledge, on the basis that very few people are able to follow what he says let alone grasp the value of it, he has been persistent in his persistence with his open and unbridled generosity, which is a source of wonder and amazement that anyone should choose to reveal all, well, nearly all, in a public forum in the way he does, that's all.

Kind Regards As Usual.
 
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