Ron just did (a little more even than that it appears).
- Spydertrader
Spydertrader's Jack Hershey Equities Journal II
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Ron just did (a little more even than that it appears).
- Spydertrader
This is a bit off-topic but still interesting, I think.
I read somewhere in a past Hershey thread about "throwing darts" at the final universe or maybe the stocktables.com top stocks. In other words, someone was wondering if you couldn't just buy, say, the best 10 or 20 and hold them until they hit some target.
I ask because a sincere-sounding poster started a thread recently here where he has 20 positions open for 20 days and is apparently making about 50% per year. Every day he closes a position and opens another to maintain the 20 open positions.
If one took this approach with the best and brightest of the stocktables.com stocks (i.e. uptrending) or the Hershey final universe, would this work?
I read somewhere in a past Hershey thread about "throwing darts" at the final universe or maybe the stocktables.com top stocks. In other words, someone was wondering if you couldn't just buy, say, the best 10 or 20 and hold them until they hit some target.
I ask because a sincere-sounding poster started a thread recently here where he has 20 positions open for 20 days and is apparently making about 50% per year. Every day he closes a position and opens another to maintain the 20 open positions.
If one took this approach with the best and brightest of the stocktables.com stocks (i.e. uptrending) or the Hershey final universe, would this work?
You describe a very similar approach to how the Hershey Equities System should work - holding multiple streams of equities. However, rather than use a timed stop approach as described in the Journal link in your post, Jack's system replaces the 'faltering' stocks before they actually begin to stumble. Unfortunately, I haven't arrived at such a level of expertise yet.
- Spydertrader
They do have nice price improvement, but their volumes are anemic at best. At this point of the day they should at least be at about 55-58% of average daily volume. They're both at around 32% at this moment...
GMXR showed the same pattern today - nice price improvement, but no real volume follow through. Even though price looks good, I avoid these trades on lower than anticipated volume. It doesn't take much to send price cascading lower with a volume push in the opposite direction.
- Spydertrader
Traded a Rocket this morning with BUCY. sOLD AND landed a 6% gain. Love those rockets. Damned if the stock just keeps climbing though.
Nice to see you making some good money - espcially during these summer doldrums.
- Spydertrader
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