Spydertrader's Jack Hershey Equities Journal

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Quote from smtrader:

I don't necessarily agree with your statement of mental capacity with regards to bending the rules.

If someone is only comfortable following their rules with the utmost strictness, and has made a point to follow these rules, then they are making the right choices based on their own comfort level and risk tolerance.

On the flip side, there will be some who can bend the rules, and take the trade. I myself use a 5% rule (if the tool is within 5% of my target, I may take this as a "go" sign) and smaller position size, like you mention. However, this is in the testing phase, and if it doesn't test well, then I will flip to the other side (and I will feel quite good about myself, even if you call me retarded).
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Hahaha did I say retarded? I typed that out but then thought I deleted it.

I like your idea because it's something that you've thought about, you understand the idea, and now you are going to go test it. If it doesn't test out, I think you are smart for not trading it.

I think that the other guy is much too rigid and inflexible. You have to use your brain and understand things in this game, and saying "the stoch is off by .1 so I must not take the trade" is normally counterproductive.

Sorry for hijacking the thread. Back to spydertrader's journal, this is some very good stuff....
 
2005-06-24, Friday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

CMT FORD MCRI

Dry Up Stocks

BCSI HANS JUPM MCRI TASR UBET USG

Hot List Stocks Scores

CMT - 0
FORD - 2
MCRI - 0

Dry Up Stocks Scores

BCSI - 0
HANS - 0
JUPM - 0
MCRI - 0
TASR - 2
UBET - 2
USG - 0

Keep an Eye on These Stocks

MCRI (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=775623>
 

Attachments

2005-06-24, Friday - Update

This morning, I monitored one list of stocks (7 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

BCSI HANS JUPM MCRI TASR UBET USG

Our system generated five possible trade signals from the list of seven Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

BCSI HANS JUPM MCRI USG

Dry Up Stocks NOT Triggering Signal

TASR UBET

HANS did show price improvement ($79.40) at time of signal generation (9:46 AM). In addition, MACD Histogram showed a negative return (-.9810). Also, The Stochastic Indicator fell well below desired levels (5.6372).

USG did not show price improvement ($42.49) at time of signal generation (10:28 AM). In addition, MACD Histogram showed a negative return (-.4002). Also, The Stochastic Indicator fell well below desired levels (19.1131).

BCSI did show price improvement ($26.00) at time of signal generation (10:58 AM). In addition, MACD Histogram showed a positive return (+.1081). Also, The Stochastic Indicator fell outside desired parameters (64.2380).

JUPM did show price improvement ($17.50) at time of signal generation (11:04 AM). In addition, MACD Histogram showed a positive return (+.0186). Also, The Stochastic Indicator fell outside desired parameters (65.3218).

MCRI did show price improvement ($21.04) at time of signal generation (11:19 AM). In addition, MACD Histogram showed a positive return (+.0584). Also, The Stochastic Indicator fell outside desired parameters (67.8571).

As a result, I took no action with respect to BCSI, HANS, JUPM, MCRI & USG for the following reasons:

Decreased Price

HANS & USG

Stochastics Failure to Confirm

BCSI, JUPM & MCRI

- Spydertrader
 
Quote from Spydertrader:

HANS did show price improvement ($79.40) at time of signal generation (9:46 AM).
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Tha above post should read:

HANS did NOT show price improvement ($79.40) at time of signal generation (9:46 AM).

- Spydertrader
 
2005-06-27, Monday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

CMT FORD MCRI

Dry Up Stocks

EZPW TASR

Hot List Stocks Scores

CMT - 2
FORD - 4
MCRI - 7

Dry Up Stocks Scores

EZPW - 0
TASR - 0

Keep an Eye on These Stocks

VDSI (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=776760>
 

Attachments

2005-06-27, Monday - Update

This morning, I monitored one list of stocks (2 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

EZPW TASR

Our system generated one possible trade signal from the list of two Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

EZPW

Dry Up Stocks NOT Triggering Signal

TASR

EZPW did show price improvement ($10.72) at time of signal generation (9:37 AM). In addition, MACD Histogram showed a positive return (+.0601). However, The Stochastic Indicator fell below desired levels (64.94).

As a result, I took no action with respect to EZPW.

- Spydertrader
 
2005-06-28, Tuesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

FORD MCRI

Dry Up Stocks

MCRI TASR

Hot List Stocks Scores

FORD - 2
MCRI - 4

Dry Up Stocks Scores

MCRI - 4
TASR - 0

Keep an Eye on These Stocks

VDSI (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=778094>
 

Attachments

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