Spydertrader's Jack Hershey Equities Journal II

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I continue to hold all (400) shares of FMD. Although actual volume never exceeded FRV levels by EOD, price increased and volume increased, ever so slightly, above Friday's numbers. Price for FMD also remained well within the intermediate term channel.

We will see what tomorrow brings.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1028327>
 

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I was disrespectful to my trading plan today, I risked more than I should have !
I was disrespectful to my trading plan today, I risked more than I should have !
I was disrespectful to my trading plan today, I risked more than I should have !

I will stick to my rules and limits again starting tomorrow, I promise !
I will stick to my rules and limits again starting tomorrow, I promise !
I will stick to my rules and limits again starting tomorrow, I promise !

Sorry guys, just getting my psychological back on track here. Steenbarger (The Psychology of Trading) says that helps when you admit your failure and promise someone you'll follow your rules again

:D
 
Hi Spydertrader,

have recently found this journal, and am intrigued by your comment at the start of the original journal stating that the system performance is "quite extraordinary".

I have just started reading the original journal, but would be interested to know how you have done over the last few years.

Not after any numbers, just an idea of how this method has performed...

Any information would be most welcomed, and looking forward to working my way through the journals....

Cheers, and thanks for your time...
 
Gpzany,

On the previous page, there is a post outlining that return on capital for Journal 1 was 113%.

If you look up Journal 1, Spyder also posted all his trades in an Excel spreadsheet.

A few pages ago, I posted a spreadsheet where I had 'hand backtested' an automation script for the method. Walk forward automation testing has produced similar results of slightly over 20% for the month, bearing in mind this takes advantage of IB's 25% margining. My performance is not as good as Spyders, since automating removes some of the discretion which has made him particularly successful.
 
Still holding all shares of FMD this morning. I continue to monitor several additional stocks, but have not yet received a signal to enter.

- Spydertrader
 
Just thought I should share this with the group. I'm a big believer in the ADVDECV indicator. It's showing a negative divergence at the moment...

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1029360"></img>
 

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My problem with divergences is that they are very fuzzy in regard to both the timing and the amplitude of the change in direction. You never know before hand if it is a reversal or a retracement, if it is shallow or deep, if it comes after one, two or more diverging peaks. At least I don't seem to be able to better read and quantify these divergences at the right edge of the chart.
Quote from 4XIS4U:

Just thought I should share this with the group. I'm a big believer in the ADVDECV indicator. It's showing a negative divergence at the moment...

http://www.elitetrader.com/vb/attachment.php?s=&postid=1029360
More...
 
Quote from stevegee58:

I just read the "Bruno R" attachment and it looks just like the method that's being used already in this thread (i.e. the mainline vanilla short-term method). The key elements are quality universe, cyclic stocks, breakout of dry-up volume, MACD and Stoch for entry.

The only difference I saw was the inclusion of an intermediate term method which was new to me.
More...

LOL oops never mind. Maybe if I'd actually *read* the thing as opposed to simply skimming it. I have teenaged kids so my brain is currently scrambled.
 
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