Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
- Start date
- Status
The Stocktables.com web site provides a 'ranking' of stocks using EPS and RS. For our purposes, using such a rank allows for an easy sorting and culling process in an effort to locate our "High Quality Stocks." However, one can (if using Qcharts) arrive at a similar place using other available data sources (instead of the Stocktables.com Web Site).
First begin by culling a list (any list) for The Hershey Fundamental Parameters:
Price: $10.00 to $50.00
Average Volume (65-day): > 200,000
Float: 5 - 60 Million Shares
EPS: Positive
% Insider Owned: > 25%
% Institutional Owned: > 25%
(For the sake of this example I did not use the 25% Institutional Owned Parameter)
Starting with Stocktables.com (and an 80 EPS, 80 RS Sort) we start with approximately 200 equities. After culling for the above listed parameters, we have around 65 remaining choices to review.
Using the entire stock market to begin our sort, rather than, the 80 EPS and RS starting point, we begin by obtaining a list of all symbols on the AMEX, NASDAQ and NYSE Exchanges. One can obtain a free list at the http://www.eoddata.com/ web site. Going this route, we start with around 7800 symbols. After culling for the above parameters, we finish with nearly 200 equities to review.
We then search for stocks which cycle within each list. The following Lists represent the entire process outlined above including using Wealth-Lab to look for cycling stocks (those with rank). Hotlist I began the process with Stocktables.com web site and Hotlist II began the process with the entire Stock Market (AMEX, NASDAQ and NYSE) using data obtained from the Eoddata.com web site.
Hotlist I
ALY FTEK ININ LQDT OMRI RATE REDF
Hotlist II
COGO FTEK IAAC ININ LQDT OMRI PCCC RATE REDF SIM STEC SYX XING
As you can see, the lists only differ by 6 companies. Using this alternative sorting and culling process (Eoddata.com) may provide additional signals by locating additional cycling stocks - outside the normal 80 EPS and RS parameters.
In an effort for you to choose which method best suites your own needs, I have attached a .zip file containing 2 files. Biglist.csv contains all symbols currently available on all three U.S. Exchanges (as of 12-29-2006), and the Hershey Sort Workspace permits the easy culling of any list if equities (by importing .csv files into the Quotesheet and using the delete key). Whether you choose to continue to use Stocktables.com or the Eoddata.com web site, The Hershey Sort workspace should speed up your culling process.
Happy New Year!
- Spydertrader
My resolution:
- Re-read J1 and J2 again!
- Throw everything out and work on Hershey alone!
What i learnt in 2006:
- the power of compounding
- basic scripting in WL
- there IS a consistent approach to making it
What I still need to be able to do:
- finding that "aha" moment...
Currently sitting on an SIRF short. Did not FRV EOD when I went long; looks like an FTT
For those of you interested in showing the DU, FRV etc on Wealth-lab, here is the code for it (exactly the same as the recent Spydie script)...
for Bar := 0 to BarCount - 1 do
begin
if PriceClose(Bar) > PriceOpen(Bar) then
SetSeriesBarColor(Bar, #volume, #blue)
else if PriceClose(Bar) < PriceOpen(Bar) then
SetSeriesBarColor(Bar, #volume, #Red)
else
SetSeriesBarColor(Bar, #volume, #black);
end;
for Bar := 0 to BarCount - 1 do
begin
if (@#volume[Bar] < DUHigh) then
//SetSeriesBarColor(Bar, #volume, #purple);
DrawImage( 'DownArrowMagenta', volpane, Bar, curvol * 1.75, false )
end;
{Average Volume and 20 SMA}
//PlotSeries( SMASeries( #VOLUME, 65) , volpane, #green, #Thin );
PlotSeries( SMASeries( #Close, 20 ), 0, 009, #Thick );
{Setting Price Bar Colors}
SetBarColors( #Green, #Red );
{Expanded Volume Pane}
hidevolume;
Plotseries(#volume, volpane, #blue, #thickhist);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*0.30), volpane, #black, #Thin);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*0.90), volpane, #blue, #Thin);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*1.8), volpane, #green, #Thin);
Drawtext('Volume', volpane, 4, 4, #blue, 009 );
Drawtext('Ave Dry Up = '+FormatFloat('0,0' , AVERAGEDU ) + ' Lower Band = '+FormatFloat('0,0' , DULow ) + ' FRV = '+FormatFloat('0,0' , 3*AVERAGEDU ) + ' Peak = '+FormatFloat('0,0' , 2*(3*AVERAGEDU)), 2, 5, 28, #Blue, 9);
- Re-read J1 and J2 again!
- Throw everything out and work on Hershey alone!
What i learnt in 2006:
- the power of compounding
- basic scripting in WL
- there IS a consistent approach to making it
What I still need to be able to do:
- finding that "aha" moment...
Currently sitting on an SIRF short. Did not FRV EOD when I went long; looks like an FTT
For those of you interested in showing the DU, FRV etc on Wealth-lab, here is the code for it (exactly the same as the recent Spydie script)...
for Bar := 0 to BarCount - 1 do
begin
if PriceClose(Bar) > PriceOpen(Bar) then
SetSeriesBarColor(Bar, #volume, #blue)
else if PriceClose(Bar) < PriceOpen(Bar) then
SetSeriesBarColor(Bar, #volume, #Red)
else
SetSeriesBarColor(Bar, #volume, #black);
end;
for Bar := 0 to BarCount - 1 do
begin
if (@#volume[Bar] < DUHigh) then
//SetSeriesBarColor(Bar, #volume, #purple);
DrawImage( 'DownArrowMagenta', volpane, Bar, curvol * 1.75, false )
end;
{Average Volume and 20 SMA}
//PlotSeries( SMASeries( #VOLUME, 65) , volpane, #green, #Thin );
PlotSeries( SMASeries( #Close, 20 ), 0, 009, #Thick );
{Setting Price Bar Colors}
SetBarColors( #Green, #Red );
{Expanded Volume Pane}
hidevolume;
Plotseries(#volume, volpane, #blue, #thickhist);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*0.30), volpane, #black, #Thin);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*0.90), volpane, #blue, #Thin);
DrawHorzLine ((SMA(mo1, #VOLUME, 65)*1.8), volpane, #green, #Thin);
Drawtext('Volume', volpane, 4, 4, #blue, 009 );
Drawtext('Ave Dry Up = '+FormatFloat('0,0' , AVERAGEDU ) + ' Lower Band = '+FormatFloat('0,0' , DULow ) + ' FRV = '+FormatFloat('0,0' , 3*AVERAGEDU ) + ' Peak = '+FormatFloat('0,0' , 2*(3*AVERAGEDU)), 2, 5, 28, #Blue, 9);
Just to double check, you do use QCharts, right? If so make sure you have at least Version 5.1.0.1 of the Program. If all else fails, import the attached .csv into a quotesheet and then save the workspace for future use.
- Spydertrader
FYI ...
Tuesday January 2, 2007 has been designated as a National Day of Mourning for former President Gerald Ford. As a result, U.S. stock markets will be closed.
- Spydertrader
Tuesday January 2, 2007 has been designated as a National Day of Mourning for former President Gerald Ford. As a result, U.S. stock markets will be closed.
- Spydertrader
An Old Post from Jack which may help some to 'see' the FTT quicker. Note Jack's description of Volume in the post. Note also how Jack describes "Trading Between the FTT's" with equities near the end of the post.
- Spydertrader
- Spydertrader
- Status