Spydertrader's Jack Hershey Equities Journal II

[Spydertrader]

Quote from easyguru:

A database with even more momentum characteristics would improve the results further.

While I agree experimentation with respect to various components of the overall system may provide improved results, altering this database of stocks may, in fact, reduce one's performance. The key to this specific database of equities results from two sets of criteria. First, each stock at one time ranked among the top 80 to 90 percentile of all equities with respect to EPS and RS. In other words, the Final Universe contains 'High Quality Stocks." Second, each equity in the Final Universe has shown to cycle a minimum of five times over a period of 6 months for a minimum gain of 20% across a 6 to 8 day run. An equity which shows repeatable cycles of gains allows the trader to accurate anticipate the next 20% run. Equities which do not cycle, yet may have improved volatility, may run higher faster, but also, may drop in price unexpectedly, and equally as fast.

Just some food for thought.

- Spydertrader

 

[Grob109]

Quote from easyguru:

Now that you have perfected the entry criteria, you should look at trading this on a different list of stocks. If you try and use a different trading universe to trade on probably the results would improve further.

What's the % per day on the equity curve for this universe? different people get differing results with the high quality universe.

The current high end results locally (Tucson) is running about 400% a quarter. This is under a million in captialization with intermediate level trading.


Personnally, I believe concentrating on exits makes a lot of difference as well.

TIA.

 

[Spydertrader]

Quote from Grob109:

Personally, I believe concentrating on exits makes a lot of difference as well.

Next on my to do list Jack.

- Spydertrader

 

[nkhoi]

Quote from easyguru:

That is why experimenting with the list will improve results. Because there are only two major things to this system: entry criteria ( which have been microscopically fine tuned using different indicators) and the database
A database with even more momentum characteristics would improve the results further.

I think the point is not to select the fastest horse for the race, it is nice characteristic to have but not necessary, the point is to select the most predictable horse so that it go where you want it to go.

 

[Spydertrader]

Quote from nkhoi:

I think the point is not to select the fastest horse for the race, it is nice characteristic to have but not necessary, the point is to select the most predictable horse so that it go where you want it to go.

A very astute observation and a most excellent analogy.

- Spydertrader

 

[coolweb]

Quote from Grob109:


The current high end results locally (Tucson) is running about 400% a quarter. This is under a million in captialization with intermediate level trading.


TIA.

1200% a year

Nice, the best traders in the world all concentrated in an IBD group in tuscon.
We need them to come on elitetrader to teach us some tricks of the trade. Cause its severly lacking here

 

[Thunderdog]

Quote from coolweb:

1200% a year

Nice, the best traders in the world all concentrated in an IBD group in tuscon.
We need them to come on elitetrader to teach us some tricks of the trade. Cause its severly lacking here

Actually, since there are 4 quarters in a year, by definition, that brings the non-compounded annual return closer to 1,600%, according to Grob. Forgive me if I remain a tad skeptical.

 

[Grob109]

Quote from nkhoi:

I think the point is not to select the fastest horse for the race, it is nice characteristic to have but not necessary, the point is to select the most predictable horse so that it go where you want it to go.

Right on.

Major facet.

Will will see what suggestions arise, I hope.

 

[Spydertrader]

Quote from coolweb:

1200% a year

Nice, the best traders in the world all concentrated in an IBD group in Tucson. We need them to come on elitetrader to teach us some tricks of the trade. Cause its severely lacking here

Actually, a number of pretty good traders post to this thread right here. Many have posted their results. Feel free to PM them and ask how their journey has developed.

Quote from Thunderdog:

Actually, since there are 4 quarters in a year, by definition, that brings the non-compounded annual return closer to 1,600%, according to Grob. Forgive me if I remain a tad skeptical.

Remain skeptical all you like. I encourage the skeptics to investigate the matter at great length.

However, to do so, I recommend visiting Tucson, Arizona and asking the individuals in person about their returns. The IBD Group meets twice a month. I'm sure they would love to have you attend.

I cannot speak for those in the Tucson group, but I can speak for those individuals (including myself) who post here. Many have documented their watch lists, entrys, exits and results. If you have a problem with the results documented here, feel free to investigate the matter further. As long as the conversation does not break down into a flame war, I welcome and encourage your participation. However, if you decided to use this forum as an opportunity to take pot shots at Grob109, then I politely ask you to create your own thread and move the dueling insults discussion to that new location.

I hope the above clarifies my position.

- Spydertrader

 

[cnms2]

It is exactly my thought. To me, exits are the least clear part of your equity system, and as you wrote: "... concentrating on exits makes a lot of difference ...".

Quote from Grob109:

...
Personally, I believe concentrating on exits makes a lot of difference as well.

TIA.