Spydertrader's Jack Hershey Equities Journal II

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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
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I just ran the stocktable scan, and got my final universe as a paltry:

ASPV BTUI CTRN GROW IIG JOBS RACK TSCM

I assume that the difference is because you are continually adding to your final universe over time and mine is brand new. I just didn't realize how big a difference it would be. Thank you for sharing your FU.

I wonder: when I ran the scan on stocktables.com, I only got 89 stocks. Is the way to increase my FU by lessening the criteria to have a greater initial universe, or to wait for different stocks to graduate into the FU?
 
Quote from foible:

I wonder: when I ran the scan on stocktables.com, I only got 89 stocks. Is the way to increase my FU by lessening the criteria to have a greater initial universe, or to wait for different stocks to graduate into the FU?
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Actually, you can do both. I currently use 80 EPS and 80 RS to obtain a greater number of equities in the initial sort. Using these settings increases the number of stocks available for addition to the Final Universe. Over time, you should see your own Final Universe grow as well.

- Spydertrader
 
Quote from GS19:

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
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Those look like outstanding results. Do you have an equity curve?
 
My first try at a Hershy trade: long CKCM at 19.74 for 100 shares. Volume exceeded LBDU, and on the 30 min chart, the MACD was positive (though converging), stochastics were 82, no gap up, and no single large trade.

I draw the trend lines and it seems close to the top. The big move off the opening, up .80 makes me question how much more steam this stock has left in it.

But what do I know? I'll follow the rules and see where this goes...
 
Well, the BTUI Trade certainly did not turn out as I planned. As you can see on the attached BTUI Daily Chart, price ran down and breached the "Stop Offset" Line (blue arrow) triggering a sale. The 3 day trade resulted in a loss of -$910 USD. on 900 shares. While nobody likes taking losses, keep in mind, losses still remain part of the cost of doing business.

Even with all this red ink, we can see some good news hidden amongst the clouds. With so many of our stocks headed lower over the last few days, next week should provide a number of excellent set ups for trading.

Good Trading to you all.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1077146>
 

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Quote from foible:

Volume exceeded LBDU, and on the 30 min chart, the MACD was positive (though converging), stochastics were 82, no gap up, and no single large trade.
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I've also been watching this symbol this morning. I'm a newbie myself, but I didn't take the trade because my charting software gave it a stochastic value of 60. Am I using the wrong stochastic line to determine value? I've been using the %K line.

CKCM.png
 
nzbryant

There is a total of 99 trades, I have the %gain for the first 87 trades. I use a trailing stop of 2% rather than the 2% loss from entry point. This seems to work better for me. Remember the market as represented buy the RUT has been going up during the time.
 

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Quote from mattjbarlow:

I've also been watching this symbol this morning. I'm a newbie myself, but I didn't take the trade because my charting software gave it a stochastic value of 60. Am I using the wrong stochastic line to determine value? I've been using the %K line.
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At the time he made the trade, his Stochastic (%K) Line probably was above 80. Now (after a small price drop), Stochastics (14,1,3) for a 30 minute chart shows a level below 80 (See orange arrows).

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1077170>
 

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Quote from mattjbarlow:

I've also been watching this symbol this morning. I'm a newbie myself, but I didn't take the trade because my charting software gave it a stochastic value of 60. Am I using the wrong stochastic line to determine value? I've been using the %K line.
More...


Posted by Spydertrader on 05-26-05 07:10 PM:

I use a thirty minute chart for intraday monitoring of equities. The settings for MACD Histogram and The Stochastic Indicator are as follows:

MACD (5, 13, 6)
Stoch (14, 1, 3)

I report the %D line (Green Line in Quotetracker).


Although, looking at my chart now, I can see that since I took the trade, the Stoch has dropped for the period from >80 to 77. Problems with taking trades in the middle of the candle, I guess.

Price has dropped .20 from my entry point so maybe I'm just looking for reasons. All of the other indicators have turned around too, making be unhappy in this trade right now. I'll hold for the 2% stop while re-reading the first journal to see if I can find out if I did something obviously wrong.
 
GS19

Those are some of the best real results I have ever seen. I am stunned.

Are you trading fulltime? How much time do you watch the mkt?

With modest capital and the right position you could quickly compound to millions. Amazing.
 
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