Spydertrader's Jack Hershey Equities Journal II

Status
Not open for further replies.
Quote from foible:

I made some minor additions to martys's Java filter program. The failure notice now gives some more description of what failed and I've added in the earnings date (grabbed from zacks.com) for additional information.

I PMed martys, and he says that he has moved on to other projects and is happy to see the community maintain his work.

Here is the updated JAR file and Java source (instructions remain the same as before).
More...

Thanks foible; I use Marty's program daily and find it very helpful.

Doug
 
Quote from foible:

I made some minor additions to martys's Java filter program. The failure notice now gives some more description of what failed and I've added in the earnings date (grabbed from zacks.com) for additional information.

I PMed martys, and he says that he has moved on to other projects and is happy to see the community maintain his work.

Here is the updated JAR file and Java source (instructions remain the same as before).
More...

foible -- can you please provide info on how to execute that program? thanks.
 
Everything looked great this morning. Unfortunately, the late afternoon ushered in a major price reversal for BTUI. I added 300 additional shares as price fell lower - which reduced my overall cost basis. As a result, I currently hold 700 shares total. I still have a target price of $20.10 USD for this trade, but price may hit my stop beforehand.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1076374>
 

Attachments

Spydertrader,

Do you trade only long positions or shorts too? It's true that in any market there are always up moving stocks, but it seems more eficient and less risky to trade in the market direction, or at least in that stock's sector direction. Lately the market direction pointed down ...
 
Quote from Spydertrader:

I do not need to wonder how the system operates in a falling market. I have traded the system during both rising and declining market environments. As I have discussed several times in Journal One, The Jack Hershey Equities Method operates mostly independent of overall market direction. The system generates long signals in declining markets, as well as, short signals in rising markets. In my experience, the frequency and strength of signals to go long improves in a rising market environment, just as the frequency and strength of short signals occurs in a declining market environment. Simply by reviewing the posts in Journal Two, you can see the same experience of others trading this system. Many have mentioned how they had extremely profitable Hershey Equities trades on days where the overall market tanked. In an effort to share both sides of the coin, DKM (a contributor to Journal One) traded a variant of The Hershey Equities method during the Bear market of 2000. According to his results (posted on one of the MSN web sites), DKM did not experience success. I encourage you to review the posts in Journals One & Two in an effort to arrive at your own conclusions.

- Spydertrader
More...
 
Hey that's a nice program. I'm not a java programmer but the intelligence on where to get fundamental data like float and earnings from sources other than yahoo and msn is very helpful.

I have a C++ program I wrote for culling candidates for the final universe. I'll be updating it with these new sources ASAP.

Thanks alot.

Quote from foible:

I made some minor additions to martys's Java filter program. The failure notice now gives some more description of what failed and I've added in the earnings date (grabbed from zacks.com) for additional information.

I PMed martys, and he says that he has moved on to other projects and is happy to see the community maintain his work.

Here is the updated JAR file and Java source (instructions remain the same as before).
More...
 
I have paper traded and actual traded the Spydertrader JH method since OCT 25, 2005 with good results. During that time I kept records of market conditions using the ETF IWM. The chart (if it gets attached) shows the full trade gains vs the IWM gain on the first day of the trade. This shows improved results on a up market. Reduced gains on down days but still good gains.

BTW thanks Spyder for the videos
 

Attachments

I've spent almost two months reading through the background materials, but am new to trying to trade the Hershey method, so please excuse my newbie questions. I've gone through the steps to build a Final Universe and then scan through it for DU volume, but over the last few days, nothing has come up. I know this isn't unusual, but can anyone confirm that this is what they're seeing as well, and it isn't just me?

With everyone trading different variations, it's not a simple matter of reviewing the recent posts to see if others are making trades. I would like to start with just the simple methods used in the first Journal until I get some confidence and experience.

thanks,
-f.
 
Quote from foible:

I've gone through the steps to build a Final Universe and then scan through it for DU volume, but over the last few days, nothing has come up. I know this isn't unusual, but can anyone confirm that this is what they're seeing as well, and it isn't just me?
More...

I do not know how many equities you currently have in your own Final Universe, but perhaps, you need to increase the number in an effort to improve the number of possible trades. I show several stocks in Dry Up for tomorrow.

Current Final Universe

ARD ASPV ATHR BBC BNT BTUI CKCM CNTF COGO CTHR CTRN DXPE ENG FMD FORD FTEK GIGM GMXR GROW HANS IIG ISE IVAC JOBS LMS MEK MIND MTEX NCTY NGS NTRI NWRE PWEI RACK REDF RES SFCC SIRF SMDI TASR TIE TRLG TSCM TWGP

In the above list, ARD & RES currently have no rank.

- Spydertrader
 
Status
Not open for further replies.
Back
Top