Jack Hershey is a trader who posts on discussion groups such as
misc.invest.technical, misc.invest.stocks,and misc.invest.futures.
He has traded since 1957, primarily commodities futures but also
stocks. His methodis not published but he freely offers advice and
guidance to anyone wishing to use his strategy. He is a
greatadvocate of illiam !"#eil"s $%#&'() methodology. He
strongly dismisses the *buy and hold+ mentality
stressing that it only makes sense to own a stock while it is
going up in price, at its fastest rate. -rade the
trend if there is no trend get out. (f you are holding a stock
that is falling in price, sell it. His methodfocuses on the natural
cycles of uality stocks. He repeatedly stresses that prediction is
futile learn toanticipate. &earching the newsgroups for *Jack
Hershey+ results in over /000 posts, many of which areseveral sides
of %. -he only minor drawback is that his writing style freuently
borders on theincomprehensible. &ummarising his method will
inevitably lose some of the nuances.
Trading principles
1. !ptimi2ation of capital appreciation compound interest
formula/. 3isk minimi2ation 4 achieved through uality stocks.
$omprehensive set of tools that integrate into an operational
system.
1. Power of compound interest formula6 %81:;?@ 10; per cycle
trade
8/10/2019 Hershey Method
2/4
Folume change precedes price change. (f the Folume trend is
increasing, then the 6rice trend will continue. (fthe Folume is
decreasing then the 6rice trend will change. %lso, if the volume is
relatively unchanging, thenthe 6rice will drift slowly downward
Hershey call this oIclock drift.
8/10/2019 Hershey Method
3/4
%election of stock uni&erse
a. Ksing www.stocktables.comb. -$/000 scans he no longer uses
-$/000 since v
