Spydertrader's Jack Hershey Equities Journal

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Ah yes, more commentary from folks who couldn't be bothered to read the thread. Too much trouble to do that. What if I had to learn to program (gasp!). Also there's that bothersome problem of having to go into different sites to read that material. What if I get lost? Personally Spyder, I feel that you should guarantee that I will be rich beyond belief within 30 days or my money back. After that I would like you to travel to my home and place the first few trades. While you're out, could you pick up a gallon of milk and some chocolate chip cookies? Lets see, my car needs washing, and I am behind with my laundry......I like my shirts with light starch please....

S
 
Quote from lilduckling:

this system looks interesting....too bad one has to go in some many diffrent areas to put it all together. also leaves out people who are not programers.
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arg... at the risk of mess up this thread a single post more, please read at least the last 10 pages or the first 10 pages, it doesn't matter, before forming your opinion.
 
Quote from Spydertrader:

Quite the contrary. Everything you need to know is posted right within the Journal pages. And with respect to needing programming skills, The system requires none. All the programming you need has been completed and is open source available for use through the links to the Wealth-lab.com web site. As long as the web site remains operational, I have agreed to leave the programming published for FREE public use.

- Spydertrader
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thanks....i will look into it further...looks interesting
 
2005-08-03, Wednesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

FORD

Dry Up Stocks

JMDT NGPS

Hot List Stocks Scores

FORD - 0

Dry Up Stocks Scores

JMDT - 0
NGPS - 5

Keep an Eye on These Stocks

IIG (Attached)

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Good Evening Spydertrader,

I also purchased ENER at 10:29 am this morning. I miss my execution at $26.10, finally got executed at $26.34. I thought I was doing good until the stock rolled a bit, scaring me, which produced a premature sell. I read your forum 2 weeks ago so I am still a bit skeptical I guess (causing my self doubt). I can't tell you how great it is to trade beside the master, because even though I doubted myself at that time and failed, I still gained confidence through watching your success on the same trade. William O'Neal should take a lesson here. I am so thrilled that I'm not learning this system alone. Thanks again for all your help and patients.

-smashandgrab
 

08-02-05 03:27 PM

Hi Ace,

How is the paper trading of this system going so far...?

JMWilk
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Hi JM,

I'm using some slight variants compared to what SpyderTrader has been doing and using a few different tools. Mainly some Amibroker programming rather than WL. I'm also integrating some cycles work. The volume dryup ideas are very similar, but I'm using some of my own calc's for those as well. I'm testing out 8 different ones and about 4 seem to be fairly promising.

It's really far too early to tell and I've been making some mistakes, some fairly substantial like the JUPM play. In any case here are the results for 16 papertrades. No commisions are factored in. I was planning on using IB anyhow which has extremely low commissions (should be about $1 per trade for most trades using my my real account right now).

The system appears to have some promise based on Spyder's trading and these very preliminary results (certainly not enought to create any meaningfuls statistics). Take this with a grain of salt for now, though Spydertrader's results seem to corroberate my current findings.

-ace
 
Quote from acesheet:

Oops. Forgot the Excel file. :eek:

-ace
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Nice job Ace,
Everyone has those sort of problems, I tend to take profits :( partially before the 10%. The system is worthy and spidey does a good job teaching it...try to follow it.

Best of luck and thanks for the spread,
KK
 
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