Spydertrader's Jack Hershey Equities Trading Journal III

[virgintrader]

Quote from virgintrader:

Morning everyone!

Got stopped out of GRRF $280 pizza money. Out with GROW $46.

Bought
RATE $43.90, PCCC $18.52 and ATHR $27.34 (an old HE stock). So far these ain't looking too pretty.

Gotta go to work now!

Have a great day!

Of the days I didn't follow the hard stop rule..RATE is sitting on the RTL; looking to short if it breaks the RTL. Lost 2.3% so far. Still have PCCC and ATHR (looks like a short now)

 

[laketrader]

Hi all,

I am new to this board and also new to Jack Hershey's method.
I spent all day reading Journal I and Journal II. Really interesting
approach.

I tried to follow the step-by-step guide in Journal I.

And from the stocktable.com, my initial universe (eps 90/rs 80) came up with 93 stocks.

ACOR ACY AFAM AGYS ALXA AMR AMSF ANAD ANGN ANST AUY AVT BDC BFNB BITS BKC BLUD BW CAL CEN CHDX CHL CLMT COH CYNO ECHO EGLE EMS ESCH FALC FTEK GCOM GEO GHDX GIGM GMTC GROW HRZ IBAS ICON IMKTA IO IVAC IWOV KFI KOP KRSL LFC LINE LTBG LXU MEH NCTY NETC NPSN NTL NUAN NXTM OMRI OMTR ONNN PAAS PAY PNSN QMAR RBAK RICK SCA SIMO SPAR STLD STP SVNT SWHC SYNL TBWC TDG TIE TLEO TNCC TPX TRT TTEC TWIN UCTT UUU VASC VDSI VRGY VSNT WHIT WITS ZUMZ

Then I ran Hershey Equities Rank SCAN v. 1.0.0, the scan had
20 results. After filtering out by the float, I had 15 stocks left:

ACOR ALXA ANAD BITS CHDX FTEK GHDX GMTC GROW MEH OMRI OMTR RICK SPAR UCTT

Then I tried to run Hershey Equities Dry Up Volume Scan v. 1.0.0 on these 15 stocks to further narrow down the list. But no resutlts were generated. (I am supposed to run Hershey Equities Rank v. 3.0.0 on the dry up results). So now I am stucked. I am not sure whether this is expected or I did something wrong.

Can anybody more experienced tell me how to cope with it.

thanks,

Frank

 

[bundlemaker]

Quote from laketrader:

Hi all,

I am new to this board and also new to Jack Hershey's method.
I spent all day reading Journal I and Journal II. Really interesting
approach.

I tried to follow the step-by-step guide in Journal I.

And from the stocktable.com, my initial universe (eps 90/rs 80) came up with 93 stocks.

ACOR ACY AFAM AGYS ALXA AMR AMSF ANAD ANGN ANST AUY AVT BDC BFNB BITS BKC BLUD BW CAL CEN CHDX CHL CLMT COH CYNO ECHO EGLE EMS ESCH FALC FTEK GCOM GEO GHDX GIGM GMTC GROW HRZ IBAS ICON IMKTA IO IVAC IWOV KFI KOP KRSL LFC LINE LTBG LXU MEH NCTY NETC NPSN NTL NUAN NXTM OMRI OMTR ONNN PAAS PAY PNSN QMAR RBAK RICK SCA SIMO SPAR STLD STP SVNT SWHC SYNL TBWC TDG TIE TLEO TNCC TPX TRT TTEC TWIN UCTT UUU VASC VDSI VRGY VSNT WHIT WITS ZUMZ

Then I ran Hershey Equities Rank SCAN v. 1.0.0, the scan had
20 results. After filtering out by the float, I had 15 stocks left:

ACOR ALXA ANAD BITS CHDX FTEK GHDX GMTC GROW MEH OMRI OMTR RICK SPAR UCTT

Then I tried to run Hershey Equities Dry Up Volume Scan v. 1.0.0 on these 15 stocks to further narrow down the list. But no resutlts were generated. (I am supposed to run Hershey Equities Rank v. 3.0.0 on the dry up results). So now I am stucked. I am not sure whether this is expected or I did something wrong.

Can anybody more experienced tell me how to cope with it.

thanks,

Frank

It looks like you're on the right track. The last scan, the one for DU, won't necessarily produce stocks to trade every single day. SOme days will have several candidates, some days none.

btw- I'm glad you made such good progress, but Journals 1 & 2 are comprised of almost 2,000 pages I believe. It will take you several months to really absorb that material. There is much to be gleaned, I hope you enjoy the journey.

EDIT: I just realized you may already be missing some important pieces. DId you also filter by average volume and positive EPS?

 

[laketrader]

Thank you for your quick reply.

I think that it would take a long time to really digest the
information. I am just so excited and jump to the hands-on
part.

Quote from bundlemaker:

It looks like you're on the right track. The last scan, the one for DU, won't necessarily produce stocks to trade every single day. SOme days will have several candidates, some days none.

btw- I'm glad you made such good progress, but Journals 1 & 2 are comprised of almost 2,000 pages I believe. It will take you several months to really absorb that material. There is much to be gleaned, I hope you enjoy the journey.

EDIT: I just realized you may already be missing some important pieces. DId you also filter by average volume and positive EPS?

 

[laketrader]

Thank for your reminder. After the average volume and positive EPS filter, now I have 7 stocks.
CHDX FTEK GROW MEH OMRI SPAR UCTT

Quote from bundlemaker:

It looks like you're on the right track. The last scan, the one for DU, won't necessarily produce stocks to trade every single day. SOme days will have several candidates, some days none.

btw- I'm glad you made such good progress, but Journals 1 & 2 are comprised of almost 2,000 pages I believe. It will take you several months to really absorb that material. There is much to be gleaned, I hope you enjoy the journey.

EDIT: I just realized you may already be missing some important pieces. DId you also filter by average volume and positive EPS?

 

[Spydertrader]

Quote from laketrader:

I spent all day reading Journal I and Journal II.

Welcome to ET and to The Hershey Methodology. I wish you tremendous success as you begin your Journey. I encourage you to spend more time than a single day reading both Journals I & II. Building a strong foundation for success requires preparation. Failure to do the required work necessary to insure profitability guarantees failure. Those that have already travelled down the path on which you currently find yourself can tell you: No shortcuts exist.

Good Trading to you.

- Spydertrader

 

[Spydertrader]

I plan to keep an eye on these three on Monday (just in case ):

ELOS, TWLL and OMRI

- Spydertrader

 

[johnpinochet]

Quote from Spydertrader:

I plan to keep an eye on these three on Monday (just in case ):

ELOS, TWLL and OMRI

- Spydertrader

Spydertrader,

I very well may have ELOS and TWLL in my special list of stocks that I've mentioned previously (346 so far), but in the event I don't, what led you to them. OMRI I understand.

Also, would you be able to comment on my observations about the DU3 stocks for Monday 26 Feb 2007?

DTLK GRRF IAAC MIKR RATE SIM XING

http://www.elitetrader.com/vb/showthread.php?s=&postid=1371762#post1371762

In particular my conclusion to focus on:

IAAC and SIM followed by GRRF.

I believe my DU3 list is correct. I'd like confirmation that my decision to focus on the above 3 is on the right track, i.e. would you focus on those 3 as well, if you had to choose from the DU3 list above?

Thanks in advance!

John

 

[Spydertrader]

Quote from johnpinochet:

I very well may have ELOS and TWLL in my special list of stocks that I've mentioned previously (346 so far), but in the event I don't, what led you to them.

ELOS and TWLL may be providing an early warning a move a few days out. As such, I want to keep an eye on them in case they move early.

Quote from johnpinochet:

Also, would you be able to comment on my observations about the DU3 stocks for Monday 26 Feb 2007?

DTLK GRRF IAAC MIKR RATE SIM XING

I have those stocks in Dry Up.

Quote from johnpinochet:

In particular my conclusion to focus on:

IAAC and SIM followed by GRRF.

The order you have the three listed above look fine to me.

Quote from johnpinochet:

I believe my DU3 list is correct.

I see it that way as well.

Quote from johnpinochet:

I'd like confirmation that my decision to focus on the above 3 is on the right track, i.e. would you focus on those 3 as well, if you had to choose from the DU3 list above?

I'd place RATE at the front of the line, but the order you have is fine as well.

- Spydertrader

 

[rbaker]

Quote from johnpinochet:

In particular my conclusion to focus on:

IAAC and SIM followed by GRRF.


John

I have the same focus for IAAC and SIM. However GRRF does not look like a possible trade to me.

b