Spydertrader's Jack Hershey Equities Journal

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Hi Helmut,

Final universe will/should be changed only one time at the end of the month.
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Are you sure? I mean if you take a look on page #165 you will see that Spydertrader ADDS symbols from the hot list once a day. There is no doubt about that.

Concerning the question when to REMOVE items from the list, I agree that I am in doubt if to do this once a day or a month. We will have to wait until Spyder is back to clarify on that...

#########

The wealthscript I was talking about is not part of the website. It's from the journal but I must admit I do not exactly know how it works. Maybe we wait for Spydertrader on that, too.

Nice day to you. Btw, "Helmut" sounds like you are also from Germany - is that true?
 
Quote from odelys:
concerning the question when to REMOVE items from the list, I agree that I am in doubt if to do this once a day or a month. We will have to wait until Spyder is back to clarify on that...
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I am relatively sure because it was a discussion about tenured stocks (stocks with which you already earned money) without rank and Spydertrader said that he removes the stocks without rank at the end of the month. But tenured stock stay..

Nice day to you. Btw, "Helmut" sounds like you are also from Germany - is that true? [/B]
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Not all Helmuts are from Germany -- I am from Austria

Helmut
 
@Helmut

Yeah, should have asked that, too, sorry.

Another question:

EZPW fulfilled the requirements concerning the volume already close after the opening bell. WHEN is the time to check MACD and Stochastic and eventually take the trade?

Let's say the volume is reached at 10:22 a.m.

When shall I check MACD and Stoch?

a) at 10:22
b) at 10:30 when the bar on the chart is complete
c) at 11:30 regardless of anything else ??
 
Quote from odelys:

@Helmut

Yeah, should have asked that, too, sorry.
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:p you are welcome. Just kidding.

Another question:
EZPW fulfilled the requirements concerning the volume already close after the opening bell. WHEN is the time to check MACD and Stochastic and eventually take the trade?
Let's say the volume is reached at 10:22 a.m.

When shall I check MACD and Stoch?

a) at 10:22
b) at 10:30 when the bar on the chart is complete
c) at 11:30 regardless of anything else ??
More...
The setup for the charts was 30 min and I think 5 or 10 minutes. I take the 30 minutes charts and values.
When the signal beeps (at least in qcharts) I look at the MCAD and Stochastics in the 30 minutes chart.
Spydertrader wrote: Also, Entry criteria should be followed as Jack describes. The biggest "AHA!" moment came when I switched my charts to 30 minute time frame and included the MACD and Stochastic Indicators using Jack's settings (see second post for settings). Everything became crystal clear.

Regards, Helmut
 
What happens if the required volume is reached or exceeded just with one trade or two (as in EZPW for instance as of today)?

Is it important that the volume is reached step by step as in MFLX today or is it allowed that the opening volume can be the trigger itself?

Oooh, Spydertrader, I 've got such a lot of questions... You're a poor guy, but I know that you are such a nice and friendly person that I never would be a problem for your nerves, right? :)
 
Quote from odelys:

Hi smtrader,

that would be true if the spreadsheet would be working as I think it should - but actually it doesn't. Something must be wrong in the EPS and the pricerange calculations as they do not get a red frame when changing the values on top of the spreadsheet.

When changing the values for 'float', I can see changes in the cells below (on the 'watch list'). Changing EPS or price has no effect.

I am going to attach the sheet I am using. Maybe you can correct the error ;)
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Very strange...

I downloaded the spreadsheet you posted. First thing I noticed is on the "Float" tab, for some reason the numbers were not delimited correctly... in other words, they downloaded as three separate numbers instead of one (i.e. 1,234,567 will download as three different numbers 1 and 234 and 567 instead of 1234567). This used to happen to me as well, but when I made a separate tab for Float alone, it worked fine. I tried changing the EPS and price and nothing happened for me either.

However, once I hit the "Fill" button again, everything worked as it should.

Just to be sure you are taking all the correct steps, you are pasting the symbols in from the stocktables.com download (always best to paste values only), you click "Fill" then "Hide"? If that doesn't work, I am not sure what is wrong. :(

I suspect we may have different versions of Excel... I am using Excel 2002 (10.6501.6714) SP3 (Windows XP).

I hope that helps.
 
Quote from odelys:

What happens if the required volume is reached or exceeded just with one trade or two (as in EZPW for instance as of today)?

Is it important that the volume is reached step by step as in MFLX today or is it allowed that the opening volume can be the trigger itself?

Oooh, Spydertrader, I 've got such a lot of questions... You're a poor guy, but I know that you are such a nice and friendly person that I never would be a problem for your nerves, right? :)
More...

Although I can't find the specific post, I believe that Jack teaches to "filter out the noise" of block (large) trades, which he typically attaches to "naive, young fund managers". Although, he usually mentioned block trades in conjunction with his "stop offset" method, so I may be confusing the issue.

Nevertheless, Spydertrader himself has posted on multiple occasions that one should avoid signals to trade in which the majority of the volume can be attributed to a block trade(s). Specifically, one thing he mentioned stuck in my head, "I do not believe one order makes a trend." Most wise. :)

Here is the thread:

http://www.elitetrader.com/vb/showthread.php?s=&postid=597127&highlight=makes+trend#post597127
 
Hi guys,

yesterday I took the trade on EZPW as well as MFLX and sold both right before the close as FRV wasn't met in both stocks. No profit, no loss so nothing happened.

Thank you smtrader for your help on the excel sheet and the commentary on the block trade issue. Should have left out the EZPW… Every day I am learning something new ;)

The excel spreadsheet still doesn't work, even after pressing "FILL" for a second or third time. Anyway, I found a solution for me and that's what counts in the end.

---------------------------------------------

So I will try to give it another go:

Today I included stocks that are between 5 and 10 $ as I remember that someone tried this in the past to get more signals. I will be very careful concerning this change, but I am quite sure it makes some sort of sense to include these stocks.

My daily hotlist now looks like this:

ANGO ANIK CRNS FORD GEOI LCBM MFLX PACT PRFT TRGL UBET USG VDSI XXIA

The dry up stocks:

ANGO DCAI GEOI SIGM SYNA TASR TOPT USG


The dry up stocks together with score and lower band volume:

Code: 
Symbol	Date	ChartScript	Order	Shares	Type	Price	Signal Name
ANGO	03.05.2005	Hershey LowerBand Output	Buy	280	Market		Score= 7 Lower Band= 26.213
DCAI	03.05.2005	Hershey LowerBand Output	Buy	370	Market		Score= 5 Lower Band= 46.781
GEOI	03.05.2005	Hershey LowerBand Output	Buy	640	Market		Score= 0 Lower Band= 59.967
SIGM	03.05.2005	Hershey LowerBand Output	Buy	636	Market		Score= 0 Lower Band= 68.662
SYNA	03.05.2005	Hershey LowerBand Output	Buy	272	Market		Score= 0 Lower Band= 288.245
TASR	03.05.2005	Hershey LowerBand Output	Buy	584	Market		Score= 7 Lower Band= 1.526.803
TOPT	03.05.2005	Hershey LowerBand Output	Buy	321	Market		Score= 0 Lower Band= 169.563
USG	03.05.2005	Hershey LowerBand Output	Buy	121	Market		Score= 0 Lower Band= 257.810

Running my "wealth lab equations" script provides me with the following output:

Code: 
Symbol	Date	ChartScript	Order	Shares	Type	Price	Signal Name
BCSI	03.05.2005	wealth-lab equations	Buy	339	Market		FRV 1
BCSI	03.05.2005	wealth-lab equations	Buy	339	Market		Frv #2
EXM	03.05.2005	wealth-lab equations	Buy	361	Market		FRV 1
EXM	03.05.2005	wealth-lab equations	Buy	361	Market		Frv #2
EZPW	03.05.2005	wealth-lab equations	Buy	386	Market		Gainers 5-10%
HANS	03.05.2005	wealth-lab equations	Buy	76	Market		FRV 1
HANS	03.05.2005	wealth-lab equations	Buy	76	Market		Frv #2
HANS	03.05.2005	wealth-lab equations	Buy	76	Market		Gainers over 10%
PARL	03.05.2005	wealth-lab equations	Buy	328	Market		FRV 1
PARL	03.05.2005	wealth-lab equations	Buy	328	Market		Frv #2
SIGM	03.05.2005	wealth-lab equations	Buy	636	Market		FRV 1
SIGM	03.05.2005	wealth-lab equations	Buy	636	Market		Frv #2
SNDA	03.05.2005	wealth-lab equations	Buy	161	Market		FRV 1
SNDA	03.05.2005	wealth-lab equations	Buy	161	Market		Frv #2
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		FRV 1
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		Frv #2
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		Gainers over 10%
USG	03.05.2005	wealth-lab equations	Buy	121	Market		FRV 1
USG	03.05.2005	wealth-lab equations	Buy	121	Market		Frv #2
ANIK	03.05.2005	wealth-lab equations	Buy	314	Market		FRV 1
ANIK	03.05.2005	wealth-lab equations	Buy	314	Market		Frv #2
ANIK	03.05.2005	wealth-lab equations	Buy	314	Market		Gainers 5-10%
CRNS	03.05.2005	wealth-lab equations	Buy	403	Market		FRV 1
CRNS	03.05.2005	wealth-lab equations	Buy	403	Market		Frv #2
GEOI	03.05.2005	wealth-lab equations	Buy	640	Market		Dry Up Volume 1
GEOI	03.05.2005	wealth-lab equations	Buy	640	Market		Dry Up Volume 2
GEOI	03.05.2005	wealth-lab equations	Buy	640	Market		Dry Up Volume #3
LCBM	03.05.2005	wealth-lab equations	Buy	355	Market		Gainers over 10%
PRFT	03.05.2005	wealth-lab equations	Buy	745	Market		FRV 1
PRFT	03.05.2005	wealth-lab equations	Buy	745	Market		Frv #2
PRFT	03.05.2005	wealth-lab equations	Buy	745	Market		Gainers over 10%
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		FRV 1
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		Frv #2
UBET	03.05.2005	wealth-lab equations	Buy	806	Market		Gainers over 10%
USG	03.05.2005	wealth-lab equations	Buy	121	Market		FRV 1
USG	03.05.2005	wealth-lab equations	Buy	121	Market		Frv #2
VDSI	03.05.2005	wealth-lab equations	Buy	630	Market		FRV 1
VDSI	03.05.2005	wealth-lab equations	Buy	630	Market		Frv #2
VDSI	03.05.2005	wealth-lab equations	Buy	630	Market		Gainers over 10%

By the way is anyone interested in testing or looking at this script? Shall I post it or not?

Another change I am intending to implement is to recalculate the final universe on a daily basis, deleting the stocks which do not meet the criteria anymore. Based on these assumptions, my final universe would look like this now:

ANGO DCAI ELOS FORD GDP GEOI JUPM MCRI MFLX SGTL SIGM SNDA SYNA TASR TOPT USG

So far for now, I am preparing a couple of other questions…
 
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