Spydertrader's Jack Hershey Equities Journal

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Quote from oddiduro:

I am apparently missing something, or doing something I shouldn't be.
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You find yourself at an point within the Journal (Three List Creation) which limits the number of stocks available for a Hot List. As you progress further within the Journal, you'll arrive at the point where I stopped creating three lists each evening. At that time, I also provided the rationale behind the decision. You are currently not that far off.

- Spydertrader
 
Hi Spydertrader,

Thank you very much for your reply.

Quote from Spydertrader:
Overall, market direction matters little when it comes to how The Jack Hershey Equities Method triggers a possible trade signal.
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It is great to know Jack Hershey Method is trend immune.


During what you describe as a "super bull market," the System triggered two highly profitable short trade signals (RTSX yesterday and FORD today).
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Could you please describe the entry conditions for entering a short? thanks a lot!

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.
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Congratulations! That really encourages me, I am always afraid of losing my job, if i do lose, I wish Jack Hershey Method can help me. And actually it is you who helps me at present.

I don't need to make a million dollars to find happiness. Of course, your mileage may vary.
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I read once in a while from money.cnn.com how many new millionaires are created from stock markets year over year. I took vacation a few time at South Florida beach. when i was walking on the beach, a mind always strike my head : " am I the only poor guy on this beach? "

My questions seem to be off the topic, the reason is that I know someone who got laid off in 2003 but he traded his 4k account into 46k usd in 5 months, and another guy becoming a millionaire on a single trade from a biotech stock option. But they are still trying to find a job, which made me feel confusing.

Anyway I am hoping that i have used the right words. English is not my native language. I am trying to improve. thanks again for your help.
 
Quote from jim.ny:

Could you please describe the entry conditions for entering a short? thanks a lot!
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I have posted the requirements necessary for entry into a short trade using Hershey Stocks within the pages of this Journal. I encourage you to start at the beginning of the Journal and read through to the end. Doing so enables you to build a strong foundation of knowledge with respect to the System Methodology. The Stock Market can provide limitless wealth for the properly prepared individual. Failure to properly educate yourself increases your risk of ruin. While reading through the many pages of information assembled here requires some effort, such an effort more than pays off in the long run.

- Spydertrader
 
2005-07-18, Monday - Lists

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

Hot List

CMT FORD MCRI NGPS

Dry Up Stocks

BCSI CKCM CMT ENER HANS IIG MCRI NGPS TASR UBET VDSI

Hot List Stocks Scores

CMT - 0
FORD - 2
MCRI - 5
NGPS - 7

Dry Up Stocks Scores

BCSI - 0
CKCM - 5
CMT - 0
ENER - 5
HANS - 5
IIG - 5
MCRI - 5
NGPS - 7
TASR - 0
UBET - 2
VDSI - 5

Keep an Eye on These Stocks

IIG (Attached)

The follow stock has been ADDED to the Final Universe List as of Friday, 2005-07-15: NGPS.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=792343>
 

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has anyone tried to find a screener w/ all the info we need in one place? (and w/ accurate data)

It would be great not to have to pay two different subscriptions. As it stands the overhead for this strategy is
$14/mo for the first screener
$95/mo for QCharts
$700 for Wealth-Lab

It would be so nice if wealth-lab could screen the way we need, though. Think about it: one screen, and you're done! You know, we could hire a programmer to do a java thing - they love these neural networks. Everyone who's interested pitch in one or two months of subscription to QCharts, and we'd be able to get a program to do most of this work.

Change of subject:
Since I don't have QCharts yet, I still have to do the float stuff by hand. I'll be back in a few after I've found the hit list - Todd, what's happening w/ Danicka's pit stops?
 
Why would we need a screener?
I just trade spyder's final universe and get my scores and volume numbers with spyder's chartscript. Then I monitor them with my brokerage and buy on volume...the system...I'm sure there's reason behind buying screeners...please explain.

thanks, KK
 
Quote from KevinK:

Why would we need a screener?
I just trade spyder's final universe and get my scores and volume numbers with spyder's chartscript. Then I monitor them with my brokerage and buy on volume...the system...I'm sure there's reason behind buying screeners...please explain.

thanks, KK
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KK, I'm also KK - haha ok, i'm done.

Let's not assume todd will be around forever. I like to understand the workings behind this strategy so I can take advantage of it - maybe even knowing in what environments it works best or doesn't work at all.......
 
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