Spydertrader's Jack Hershey Equities Journal

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Quote from oddiduro:

About how long did it take you to get enough stocks in your final universe to begin to get a good money flow?
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While additions and deletions to the Final Universe List continues as an ongoing process, the initial list achieved equilibrium within two weeks (10 trading days). Of course, market dynamics differed greatly from what we see currently. Back then, I routinely had ten to fifteen stocks in the daily Hotlist. Today, we had three. Currently, we have 24 stocks comprising the Final Universe List. In the past, I have had as many as 74. As we make additions and deletions, our Final Universe adapts to the ever changing marketplace over time, and we find ourselves consistently focusing on equities which should provide us with the highest money velocity. That's the theory behind the system.

- Spydertrader
 
Thanks a lot for the explanation to the scores ... stuff.

I appreciate your time and effort !

In a super bull market like we have now, if you keep this same trading rule, you may lose a lot of chances of just buying any up trending stocks and waiting for appreciation. Is it painful?

Or you may have trades based on other rules? If so, how do you evaluate Hershey's rule against your other trading methods in terms of reward?

From an early excel file, I remember that you gain about 86% on about 50k capital only with Hershey's rule, this doesn't seem to support too much a idea of trading as a life, does it?


Best wishes !!!
 
Hey "Jim.ny:

What part of "86% return" are you not understanding?

I estimate that 86% return would rank Spyder amongst the top 10% of traders (professional & public traders) on a per annum basis. If he were working in futures/commodities markets his performance would be probably be amongst the top 5% of professionals (speculators not hedgers).

This is an outstanding performance that looks even better when you take into account how well he manages systematic risk. When you get back to your home planet, do some quiet thinking about this and see if you still come to that assbackwards conclusion. :)

I'm on track to be about half as successful as Spyder is, and I have no problem "supporting" my family on the result.

See ya
Steve
 
It's amazing what you find when you read all the posts on ET :)

I've seen this thread for sometime but never opened it and after reading through it a little so far I'm sorry I didn't.

It looks like a VERY good journal and the best I've seen so far on ET.

I will monitor it for awhile as I have recently decided to switch from 80% futures to 80% Stocks.

I hope I can contribute to the thread in a productive manner.

Congratulations sypder on an excellent thread and good trading to all.:)

btw, Is there one particular site or link that explains everything all together or is it all a fragmented across several sites?
 
Quote from jim.ny:

In a super bull market like we have now, if you keep this same trading rule, you may lose a lot of chances of just buying any up trending stocks and waiting for appreciation. Is it painful?
More...

Depending on the time frame used for evaluation, some might describe the current market as "trading within a very large range." Overall, market direction matters little when it comes to how The Jack Hershey Equities Method triggers a possible trade signal. During what you describe as a "super bull market," the System triggered two highly profitable short trade signals (RTSX yesterday and FORD today). Although shorting Hershey Equities remains outside the primary scope of this Journal, anyone trading the signals generated over the last two days profited considerably.

Quote from jim.ny:

Or you may have trades based on other rules? If so, how do you evaluate Hershey's rule against your other trading methods in terms of reward?
More...

I have other methods which I regularly trade, and have mentioned those methods earlier in the Journal. While these additional methods do produce profits, they require a significantly greater focus and involve much higher risk.

Quote from jim.ny:

From an early excel file, I remember that you gain about 86% on about 50k capital only with Hershey's rule, this doesn't seem to support too much a idea of trading as a life, does it?
More...

The results file to which you refer shows an 86% return on equity over 9 months based on an initial account size of $50,000. When I began this Journal, I only applied part of my trading account towards trading Hershey Equities. My total available capital remains significantly larger than $50,000 USD. If the past performance of the system continues to one year, we can expect around 105% return on equity. How that compares to an average trader's lifestyle? I couldn't tell you. I've never been one that ever felt a need to compare. Besides, percentages don't impress me. Percentages don't pay the mortgage or the electric bill. Profits do. Trading this system allows me to pay the bills, save some cash for the future, vacation in South Florida or the Caribbean several times a year, attend numerous NASCAR Races each Summer, and enjoy a relatively hassle free lifestyle.

I don't need to make a million dollars to find happiness. Of course, your mileage may vary.

- Spydertrader
 
Quote from Samson77:

btw, Is there one particular site or link that explains everything all together or is it all a fragmented across several sites?
More...

Welcome to the Thread Samson77, and thank you for your kind words and interest. Everything required to learn and trade The Jack Hershey Equities System exists within the Journal pages. The background material linked within the first few posts provides greater clarification and an ability to see what other traders did in the past with these methods. In addition, some of the URL's link you directly to old posts (here on ET, on the two MSN web sites, and on USENET) by Jack Hershey himself. I recommend grabbing a notepad, and begin reading from page one taking notes along the way. You'll notice subtle changes in the methodology occurring over time resulting from the contributions of many. Reviewing in this manner helps build a strong foundation and understanding of the theory behind the methodology. As an experienced trader, I expect you'll quickly move up to speed. If you have additional questions, feel free to post them or send me a PM if you prefer.

Again, welcome aboard, and I look forward to discussing the methods with you in the future.

- Spydertrader
 
Quote from steve46:

I'm on track to be about half as successful as Spyder is, and I have no problem "supporting" my family on the result.
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Congratulations on your trading results, and I appreciate your previous post. Keep up the excellent work.

- Spydertrader
 
Okay Spyder....

I have a discrepancy.

I have set the parameter on stocktables to get 100 stocks.

To do this I set the parameters in this way.
EPS-90+ Exchange- All
RS-90+ Sort By-Vol%change
AccDist-ALL Industries- All
Options-ALL
Min Price- 10
Max Price- 50
CPM- All
Vol% Change-All


I am apparently getting a different list. I have not had any stocks make the hotlist other than FORD for a few days. BOOM, GEOI, and NGPS all have rank and volume, but after checking Quote.com, get eliminated because of low float.

Tonight, can you post your 1, 0 , and 7 list, so that I can get on the same page?

I am apparently missing something, or doing something I shouldn't be.

Best Regards
Oddi
 
I have the 1 yr hi, 5 yr hi, and ALL column set to --ALL

I have been lurking for over a year, and this is the first thread that I have seen fit to post to. This is a long term and market flexible method and I want to get this right.

Thanks for your patience.

Oddi
 
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