Spydertrader's Jack Hershey Equities Journal

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2005-07-11, Monday - Update

MFLX reached our target price today. As a result, I sold all shares of MFLX at the $21.40 price point. This three day trade yielded a per share profit of $2.00 USD or 10%. We gross a profit of $2000 USD on our 1000 shares.

JUPM did NOT reach FRV levels by EOD. As a result, I sold all shares at the $19.66 price point. This intraday trade yielded a per share profit of .07 per share or $70 USD on our 1000 shares.

FORD DID reach FRV levels by EOD. As a result, I continue to hold all shares of FORD until at least tomorrow. FORD currently shows a per share unrealized gain of .82 USD.

- Spydertrader
 
Spidey,

what's the ratio of up days:down days for you with this method so far?

What is your total realized gain and percentage?

Max number of down days?

round numbers are ok - :-)

Is this the only method you trade? and, are these $$ or paper trades? On the excel sheet are you counting slippage?

-K
 
Quote from SwingOutOn5:

What's the ratio of up days:down days for you with this method so far?
More...

On the Excel sheet, Red indicates a loss, Blue indicates a trade with less than 1% profit (breakeven or wash trade) and Green indicates a positive day. Out of the 56 trades (twice I sold half the shares, then sold half later and I count these as one roundtrip for the purposes of this answer) I have 8 trades where I experienced a loss. The remaining trades all showed a profit.

Quote from SwingOutOn5:

What is your total realized gain and percentage?
More...

Beginning with a $50,000 account size on September 25, 2004, the trades total a gross profit of $42,861 or a Return on Equity of 83% (the percentage accounts for commissions).

Quote from SwingOutOn5:

Max number of down days?
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If you mean Maximum Draw Down, $1600 USD. If you mean maximum consecutive losses, three.

Quote from SwingOutOn5:

round numbers are ok - :-)
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Great, cuz I rounded down the ROE number.

Quote from SwingOutOn5:

Is this the only method you trade?
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Nope.

Quote from SwingOutOn5:

and, are these $$ or paper trades?
More...

The Journal results file only contains real trades. I have papertraded while testing various methods, but I have clearly distinguished those trades throughout the Journal and have not included them in the results file.

Quote from SwingOutOn5:

On the excel sheet are you counting slippage?
More...

As the Excel file contains actual trades made, slippage would be included.

I hope you find the above information helpful.

- Spydertrader
 
2005-07-12, Tuesday - 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 - 7
FORD - 7
MCRI - 7

Dry Up Stocks Scores

EZPW - 7
TASR - 0

Keep an Eye on These Stocks

TASR (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=788126>
 

Attachments

Quote from Spydertrader:

On the Excel sheet, Red indicates a loss, Blue indicates a trade with less than 1% profit (breakeven or wash trade) and Green indicates a positive day. Out of the 56 trades (twice I sold half the shares, then sold half later and I count these as one roundtrip for the purposes of this answer) I have 8 trades where I experienced a loss. The remaining trades all showed a profit.



Beginning with a $50,000 account size on September 25, 2004, the trades total a gross profit of $42,861 or a Return on Equity of 83% (the percentage accounts for commissions).



If you mean Maximum Draw Down, $1600 USD. If you mean maximum consecutive losses, three.



Great, cuz I rounded down the ROE number.



Nope.



The Journal results file only contains real trades. I have papertraded while testing various methods, but I have clearly distinguished those trades throughout the Journal and have not included them in the results file.



As the Excel file contains actual trades made, slippage would be included.

I hope you find the above information helpful.

- Spydertrader
More...


Heck yeah, it was helpful! Where do I send my check? :P

BTW, I'm working on compiling an outline/step by step document on this strategy for my own use (and possibly others). The reason is because this info is stretched across so many forums and websites, I think it would be useful for newcomers, like myself, to have it all in one place. Would you lend me hand and see if I've missed anything? It would be a few weeks before I can get it to where I would let anyone else look at it......

Thanks again.
 
Spyder,

I know that you have probably covered this before, but I need to clarify.

I believe you monitor intraday on the 30 min time frame.

Do you want to see Stoch and MACD positive on the 30 min time frame only, on the daily time frame only, or on both the 30 min and daily frames.

This should round out all the questions that I would have.

Best Regards
Oddi
 
Quote from SwingOutOn5:

Heck yeah, it was helpful! Where do I send my check? :P

BTW, I'm working on compiling an outline/step by step document on this strategy for my own use (and possibly others). The reason is because this info is stretched across so many forums and websites, I think it would be useful for newcomers, like myself, to have it all in one place. Would you lend me hand and see if I've missed anything? It would be a few weeks before I can get it to where I would let anyone else look at it......

Thanks again.
More...

Hey that would be great! I am having trouble reading through everything and understanding this methodology since there is so much material and so many parts spread all over the place, plus the methods have progressed over time.

It would be fantastic if someone could consolidate it into one place.

Thanks in advance and thank you Spydertrader for this journal!!!!
 
Quote from SwingOutOn5:

Would you lend me hand and see if I've missed anything?
More...

A few individuals have posted similar documents within the Journal. You might want to take a look at what they have done, and build upon it.

- Spydertrader
 
Quote from oddiduro:

Do you want to see Stoch and MACD positive on the 30 min time frame only, on the daily time frame only, or on both the 30 min and daily frames.
More...

MACD Histogram should be positive and we want The Stochastic Indicator to return a level above 80 on the 30 minute timeframe.

- Spydertrader
 
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