Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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Put the .exe file into a .zip file, and you should get around the .exe prohibition.
- Spydertrader
Hey spyder what were the criteria for selecting UARM? Stocktables.com sez the EPS is 0.
Also, any comments on using the IBD100 for a supplemental source to stocktables.com? (I posted on this a few days ago) Feeding the IBD100 through the Hershey Rank Scan produced some good-looking rank candidates with "high quality" at least according to IBD.
After returning from Tucson (and reviewing the Final Universe), I noticed 9 stocks without rank. With respect to UARM, I found it by expanding my search beyond the 80 EPS and 80 RS optimal parameters. As you no doubt have noticed, using 80 rank for EPS and 80 rank for RS provides fewer and fewer opportunities recently (due to poor market sentiment and seasonal [end of August] market [vacation time] low volatility). I expanded my search in an effort to increase the number of Final Universe Stocks. However, one can easily see with UARM, we often find trash when we venture too far outside our optimal parameters. I don't expect UARM to maintain its position within the Final Universe for very long.
Any tool which can assist the trader for locating 'High Quality Equities' can provide additional opportunity for profit. However, I have found the single most important parameter required for obtaining profits resides in the maintenance of rank. In other words, rank provides a measure of repeatability, and with repeatability (cycles) one has tradability - and an improved ability to profit.
Good Trading to you.
- Spydertrader
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