You can find martys's original instructions at: http://www.elitetrader.com/vb/showthread.php?s=&postid=897925#post897925
Everything looked great this morning. Unfortunately, the late afternoon ushered in a major price reversal for BTUI. I added 300 additional shares as price fell lower - which reduced my overall cost basis. As a result, I currently hold 700 shares total. I still have a target price of $20.10 USD for this trade, but price may hit my stop beforehand. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1076374>
Spydertrader, Do you trade only long positions or shorts too? It's true that in any market there are always up moving stocks, but it seems more eficient and less risky to trade in the market direction, or at least in that stock's sector direction. Lately the market direction pointed down ...
Hey that's a nice program. I'm not a java programmer but the intelligence on where to get fundamental data like float and earnings from sources other than yahoo and msn is very helpful. I have a C++ program I wrote for culling candidates for the final universe. I'll be updating it with these new sources ASAP. Thanks alot.
I have paper traded and actual traded the Spydertrader JH method since OCT 25, 2005 with good results. During that time I kept records of market conditions using the ETF IWM. The chart (if it gets attached) shows the full trade gains vs the IWM gain on the first day of the trade. This shows improved results on a up market. Reduced gains on down days but still good gains. BTW thanks Spyder for the videos
I've spent almost two months reading through the background materials, but am new to trying to trade the Hershey method, so please excuse my newbie questions. I've gone through the steps to build a Final Universe and then scan through it for DU volume, but over the last few days, nothing has come up. I know this isn't unusual, but can anyone confirm that this is what they're seeing as well, and it isn't just me? With everyone trading different variations, it's not a simple matter of reviewing the recent posts to see if others are making trades. I would like to start with just the simple methods used in the first Journal until I get some confidence and experience. thanks, -f.
I do not know how many equities you currently have in your own Final Universe, but perhaps, you need to increase the number in an effort to improve the number of possible trades. I show several stocks in Dry Up for tomorrow. Current Final Universe ARD ASPV ATHR BBC BNT BTUI CKCM CNTF COGO CTHR CTRN DXPE ENG FMD FORD FTEK GIGM GMXR GROW HANS IIG ISE IVAC JOBS LMS MEK MIND MTEX NCTY NGS NTRI NWRE PWEI RACK REDF RES SFCC SIRF SMDI TASR TIE TRLG TSCM TWGP In the above list, ARD & RES currently have no rank. - Spydertrader