A system suits all stocks, except ETFs/QQQ/Etc.? Do you know Why?

The number of traders trading an index is fairly constant in the short term.

The number of traders trading an individual stock can fluctuate drastically.
 
Quote from Trader666:

Really? Then why do you claim that the attached must be applied to a universe of screened stocks -- even though this paper is about the price, volume relationship and says nothing about PVT or a prescreened universe?
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Quote from schlap:

Hmmm.. Spyder is quite specific there, and no mention of a universe :eek:
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???

" Spydertrader's Jack Hershey Equities Journal II"
http://elitetrader.com/vb/showthread.php?s=&postid=1308609&highlight=etf*#post1308609

Quote from Spydertrader:


12-29-06 02:47 PM


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Quote from cnms2:

Spydertrader,

In your opinion and / or experience, how portable is this 5 minute ES / FTT trading methodology to larger time frames, and to liquid stocks and ETFs?

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Any market, using any time frame - provided sufficient liquidity exists. Attached, see the Daily QQQQ. A few traders (who follow these Journals) already use FTT's while trading ETF's. Other traders, who follow the equities only methods, use FTT's in their own trading. They simply haven't had the Aha! moment yet to realize it.

- Spydertrader
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???

http://elitetrader.com/vb/showthread.php?s=&postid=1089913&highlight=etf*#post1089913

06-02-06 11:12 AM
Quote from Spydertrader:

Great to see this old thread brought back to the surface.

I chose this handle because that was how I began my trading career - trading the ETF's (QQQ, DIA and SPY).

- Spydertrader
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???

http://elitetrader.com/vb/newreply.php?s=&action=newreply&postid=1317644

01-08-07 06:23 AM
Quote from jack hershey:

Glance at the topic "beta" and you can reformulate the relationship of stocks, ETF's and indexes.

Then there is the "making money" factor.

The prioities for making money do vary with the approach.

In this thread fear and risk dominate so far.

Fear comes primarily from lack of knowledge and subsequently skill and risk comes from adding risk to an approach for some reasons by choice.

ETF's are part of markets as instruments as a way of capturing and pooling money. Does a trader need to have his capital captured?? What is the basic cost he pays for this submission?
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Quote from Trader666:

Really? Then why do you claim that the attached must be applied to a universe of screened stocks -- even though this paper is about the price, volume relationship and says nothing about PVT or a prescreened universe?
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PVT - A System for trading Equities.

Price Volume Relationship - Methodology used to describe any market behavior.

You've just asked me why one can't use oranges to bake an apple pie.

Again, the Price Volume Relationship works on any market on any time frame (provided sufficient liquidity) exists. What Jack calls, 'PVT' represents a system specifically for trading equities.

Two different things.

You have chosen (once again) to arbitrarily determine PVT = Price - Volume Relationship, when clearly, the two terms are not synonymous.

A two year old could make the distinction, yet for some reason, you cannot.

- Spydertrader
 
Quote from OddTrader:

???
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I traded the SPY, QQQ & DIA long before I ever read about Jack Hershey on USENET. Another relatively simple concept which somehow eluded your ability to comprehend.

- Spydertrader
 
Quote from Spydertrader:

I traded the SPY, QQQ & DIA long before I ever read about Jack Hershey on USENET. Another relatively simple concept which somehow eluded your ability to comprehend.

- Spydertrader
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???

" Spydertrader's Jack Hershey Equities Journal II"
http://elitetrader.com/vb/showthread.php?s=&postid=1308609&highlight=etf*#post1308609

Quote from Spydertrader:


12-29-06 02:47 PM


======================================
Quote from cnms2:

Spydertrader,

In your opinion and / or experience, how portable is this 5 minute ES / FTT trading methodology to larger time frames, and to liquid stocks and ETFs?

=======================================

Any market, using any time frame - provided sufficient liquidity exists. Attached, see the Daily QQQQ. A few traders (who follow these Journals) already use FTT's while trading ETF's. Other traders, who follow the equities only methods, use FTT's in their own trading. They simply haven't had the Aha! moment yet to realize it.

- Spydertrader
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? Probably you have not follow the methods (or improved comprehension skills) well enough to attain that level of results Yet! :D

http://elitetrader.com/vb/showthread.php?s=&postid=1971916&highlight=no+loss#post1971916

Quote from Spydertrader:

I realize that you have yet to turn the corner and actually make it to profitability with respect to trading, but perhaps, you could take a moment from your busy schedule and do a little research.

Please link to any post where I have indicated that I ...

Never have a loss
Trade every hour of every market day
Always earn 3 times the daily range

I realize your questions represent nothing more than someone who simply requires further clarification, but since you appear to know so much about the 'system' already, I don't think my requests should present too much of a hardship for you. Someone of your character should have no problem linking to the assertions you've attributed to me.

Thanks in advance.

- Spydertrader
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