Spydertrader's Jack Hershey Equities Trading Journal III

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Closed out DRYS OCT call spread for a 12% gain. Could have held on, but you never know with these stocks that have a lot of strength. Could shoot back up in the next couple of days, leaving me "high and dry."
 

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Well, I don't know about everybody else,but I believe I'll play things conservatively tomorrow.

Went through my lists and only a few even begin to look doable.

BTJ, JRJC, PTV...

Everything else.... pfffft
 
Quote from Susukino:

I am still ploughing through the journals, but I understand that spyder decided that ranking the stocks into 3 lists was not necessary. He took the 100 or so stocks and then culled them directly, as this gave more trade candidates. So maybe you don't have to create the three lists at all.

Suss

Can this be elaborated on?

I am still in the process of wading thourgh the various journals, and although I have no problem breaking down the 3 lists of 10, from the inital universe, etc, if a newer/more efficient/easier way to do so has been developed, can it be elaborated on?

For example, How were they "culled directly?" what method was used?

I am enjoying this journal(s) and am anxious to learn as much as I can, and thank those who have been participating, to help us learn.
 
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