Spydertrader's Jack Hershey Equities Journal

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Spytrader,


I got interested in your journal the last few nights and your method of trading,,JH. As there are a lot of posts on your thread and I have only read about 25% of them so far , I am hooked. You mentioned that you have been trading J.H. method for about a year and left your day job as a pharm. rep. Congrads.. I am also a pharm rep. in Pa. addicted to the market. What kind of returns are you making per month & or year ect. ?

Second ques. I am also a user of Wealth Lab Developer as well., and have acquired the J.H. chartscript you mention in your journal. How much automation as far as J.H. method is feasible with the Wealth Lab platform and is it possible to trade this method, without watching the screen till 11 am. daily.. ? Could Macd and stoch, be good automated triggers with the J.H. method provided other criteria are satisfied. Thanks for your help.
 
Dougfresh - I have to comment on your by-line. Sorry - pet-peeve. I have 'dreamt it believed it and achieved it' 70% of the time but not all the time, and a couple of times it hurt big time and seriously changed my life when a dream i busted my ass for didnt occur.

You may want to change it to "Dream it, believe it, DO THE RIGHT THINGS and achieve it". Your call obviously.
 
Quote from Dougfresh:

What kind of returns are you making per month & or year ect. ?
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In order to answer your question, I need to break it down into several parts: trading part time while working, trading full time before the journal, trading during the journal. When I traded part time while still employed in the Pharmaceutical Industry, I had few trades, with 65% of those trades profitable. The gains on each profitable trade ranged between 10% and 12% of the stock price. Losses mainly occurred in the 3% to 4% range with few at 5%. Once I began trading full time, the number of trades increased, and the number of profitable trades increased as well. However, the gains on each trade fell between 5% to 10%. Once I began this journal. The overall number of trades decreased, but the percentage of profitable trades increased. I attribute the changing rates of return to changing market conditions. In my experience, the number of trades, and the strength of each move increases in bull markets. The number of trades and the strength of each trade decreases in flat or sideways markets, and decreases further in bear markets. I have found the system to work in all markets. It (at least in my experience) works better in rising markets. In addition, much of my profits have occurred during "short sale" trades. The Jack Hershey Equities System remains a 'long only' based system, and as such, Jack Hershey has written little on the methods involved when shorting Hershey Stocks. I have posted the results of the journal thus far, and I expect you will run across that document as your reading progresses.


How much automation as far as J.H. method is feasible with the Wealth Lab platform and is it possible to trade this method, without watching the screen till 11 am. daily.. ?
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Each night I use Wealth Lab to scan through several different methods of sorting the Hershey Universe. The Hershey ChartScript to which you refer, I use for the calculation of Dry Up. I have posted other methods for Dry Up Calculation, but have not yet had the time to code them all into Wealth-Lab. SRVZ continues to share his code for the reviewing of stocks to determine their Dry Up Status as well. Also, G33M4K and his "Master List" has written several Excel Macros for automated Dry Up Calculation. I highly recommend availing yourself of these tools.

While working, I ran Quotetracker software (available for FREE from the http://www.medved.net/quotetracker/ web site) on my computer. I set the program to email my mobile phone when a certain alert triggered. You can set Quotetracker to trigger an alert for just about any combination of factors desired. Once I received the alert through my phone, a phone call to my broker allowed me to enter a position. I rarely sat at home and watched the screen until 11:00 AM while trading this method.

I hope you find the above information useful.

- Spydertrader
 
2005-02-02, Wednesday - Lists

I used RS and EPS Settings of 90 for the following lists

Sevens - Ones - Zeros
FRD - ANTP - MT
DTPI - NTAP - CMC
MFLO - WWCA - LSS
EXM - ADBL - WCC
AFFX - COGT - MEE
MIPS - PMTI - SYNA
HOLX - ELOS - MFLX
HANS - NSS - TOPT
VTIV - HLIT - FFIV
WLK - FLSH - ISRG

Hotlist

ANTP
EXM
MFLX
ELOS
TOPT
FRD
COGT
SYNA
ADBL
HLIT
MIPS
MT
FFIV
PMTI
HANS

Watch List

PACT - DU Cycle - DU5
ANTP - DU Cycle
TASR - DU Cycle
IDSA - DU Cycle - DU5 - Du10 - DU20
KEYW - DU Cycle
ANGO - DU Cycle
INTN - DU Cycle
ELOS - DU Cycle - DU5
EBKR - DU Cycle - DU5 - Du10 - DU20
COGT - DU Cycle
ESMC - DU Cycle - DU5 - Du10 - DU20
UBET - DU Cycle
BLTI - DU Cycle - DU5
ADBL - DU Cycle
GMAI - DU Cycle - DU5
EVCI - DU Cycle - DU5 - Du10
SINA - DU Cycle - DU5
RATE - DU Cycle

SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score)

ANTP - 7
EBKR - 3

Gallas2 "Keep an Eye on These" Stocks

FFIV (Attached)

Dry Up Stocks with G33M4K Master List Score of Zero

TASR
ANGO
ELOS
BLTI
ADBL
SINA

(GOAM, ANTP, NGPS, ANGO, HRT, IDSA, MT, HLIT have float outside normal parameters)

The following Stocks have been ADDED to the Final Universe List as of 2005-02-01: FRD & MFLX.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=679816>
 

Attachments

Quote from Spydertrader:

Some of you may remember Ross and his Automated Dry Up Tracking Web Page from our days over at the MSN Web Site. Well, once again Ross has graciously donated valuable bandwidth and permitted us to host our data on his servers. I have taken the liberty of uploading the entire "Final Universe List" to the web site listed below, and plan to provide additional updates as necessary.

http://www.mbtrading.com/K9/K9.asp
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SpyderTrader

This is an excellent page by Ross. I remember when he first unveiled it on Paltalk.

Would it be possible to kindly ask him to add MACD(5,13,6) and Stoch(5,2,3) columns to this page? If so, we may have a simple automation of the JH method. Imagine if a row becomes green when DU volume is exceeded, price has increased within a percentage range, MACD and stochastics have turned (or were) positive. I think we could just purchase any stock that becomes green. Do you think this is feasible?

Thanks in advance.
 
Quote from svrz:

Would it be possible to kindly ask him to add MACD(5,13,6) and Stoch(5,2,3) columns to this page?
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I forwarded your post to Ross, and if I understand correctly, the lack of available historical data prevents implementation of your request. They only have real time data not historical, and as such, no method to compute off historical data. However, this could change in the not too distant future.

If anyone can suggest a method to important the indicators (MACD & Stoch) directly (and in real time) into the .asp, the solution might provide a temporary fix.

- Spydertrader
 
2005-02-02, Wednesday - Update

Our system triggered another signal today. Although actual volume for EBKR failed to exceed calculated dry up volume prior to 11:00 AM, volume on EBKR did exceed FRV status prior to end of day. Unfortunately, the average daily volume on EBKR falls well below our minimum standards, and as a result, classifies EBKR as a "thinly traded stock." For this reason, I took no action when it came to trading EBKR.

Three additional stocks in two different test groups (variants of The Hershey Method currently undergoing testing) also triggered trade signals: TOPT, SINA & MFLX. Because these signals occurred in the test groups, I used papertrading funds not real funds to trade these stocks. All three equities produced a profit of 3%, 5% and 9% respectively.

- Spydertrader
 
I have been lurking for a week and think I have sussed out most of the system....

What criteria do you mean with regard to TOPT, SINA, and MFLX?

I am eyeballing DU for the most part and might not be getting it - though I do understand the concept. Please comment on these DU obsevations.

TOPT - the 27th was for me the volume breakout. That broke FRV at least according to the chartscript's calculations. Getting in now seems a bit late.

SINA - just don't get this one.

MFLX - Feb. 1st looks like the volume breakout to me. I'm eyeballing that one, the chartscript's numbers seem too low possibly because of the lack of history.

KEYW - Shouldn't this have triggered for you today?

Thanks for all your work. I am definitely puzzled by DU, it is by far the most subjective part of this system.
 
Quote from Spydertrader:

All three equities produced a profit of 3%, 5% and 9% respectively.
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I mucked up the math here. The gains on SINA should have read 2% - not 5% - as I indicated above. I apologize for any confusion my miscalculations may have caused.

- Spydertrader
 
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