Spydertrader's Jack Hershey Equities Journal II

Current Final Universe

BOOM BTUI CTHR CUTR DCAI DXPE ENER ETS FORD GMXR GROW HANS IIJI JMDT LMS MTEX NFLX NGAS NURO NWRE PWEI RATE REDF SWN TIE TRGL VPHM

I'm still waiting on NTRI to have enough days of data to place it in the above list.

- Spydertrader

 

Thanks Jack, for your highly detailed and informative post. I appreicate your contributions (both past and present) to our efforts. With reference to the above quoted text, could you provide a set of drills which by completing might augment our transition toward recognizing the derivatives automatically? I for one would find the exercise extremely useful. Thanks.

- Spydertrader

 

On an unrelated note, please note the change our friends at the IRS are imposing.

They want a full and complete Sch. D for EACH trade, thousands in my case in 2005. More info in this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=61795&perpage=6&pagenumber=1

I may go to mtm afterall.

DS

 

I sold my remaining shares this morning - exiting with another small profit. After selling the more expensive shares on Friday, my new basis became $19.56 USD, and I sold at $19.61 USD. Total profit on the entire transaction came to around $53.00 USD. Judging from the current price action, I exited much too early. Congrats to those of you still hanging in there.

- Spydertrader

 

This might not be the appropriate forum to post this question, but I thought the people here might be interested as well. In reading some of Jack's previous work I have read about numerous drills he recommends people do. One is an excercise where you just try to trade for pushes for an extended period of time (I think he mentioned a month or so). Does anyone know if there is a list of these drills anywhere? I have seen him reference them a few times, but I've only ever seen one or two explained in one spot.

Thanks!

- The New Guy

 

what is a push?

 

In and out for even money... so techincally you make a bit on the trade to cover the vig - coms and slippage.

Thanks,

- The New Guy

 

I sold my shares of REDF for a 5% gain today.

 

Nice Job, gooch87. I hope everyone else followed your lead and held on to experience the gains REDF provided today. Keep up the great work.

- Spydertrader

 

Did you mean a wash trade?
If I remember correctly, that's how Mr Hershey calls that type of trades.