Hi Helmut, Are you sure? I mean if you take a look on page #165 you will see that Spydertrader ADDS symbols from the hot list once a day. There is no doubt about that. Concerning the question when to REMOVE items from the list, I agree that I am in doubt if to do this once a day or a month. We will have to wait until Spyder is back to clarify on that... ######### The wealthscript I was talking about is not part of the website. It's from the journal but I must admit I do not exactly know how it works. Maybe we wait for Spydertrader on that, too. Nice day to you. Btw, "Helmut" sounds like you are also from Germany - is that true?
I am relatively sure because it was a discussion about tenured stocks (stocks with which you already earned money) without rank and Spydertrader said that he removes the stocks without rank at the end of the month. But tenured stock stay.. Not all Helmuts are from Germany -- I am from Austria Helmut
@Helmut Yeah, should have asked that, too, sorry. Another question: EZPW fulfilled the requirements concerning the volume already close after the opening bell. WHEN is the time to check MACD and Stochastic and eventually take the trade? Let's say the volume is reached at 10:22 a.m. When shall I check MACD and Stoch? a) at 10:22 b) at 10:30 when the bar on the chart is complete c) at 11:30 regardless of anything else ??
you are welcome. Just kidding. The setup for the charts was 30 min and I think 5 or 10 minutes. I take the 30 minutes charts and values. When the signal beeps (at least in qcharts) I look at the MCAD and Stochastics in the 30 minutes chart. Spydertrader wrote: Also, Entry criteria should be followed as Jack describes. The biggest "AHA!" moment came when I switched my charts to 30 minute time frame and included the MACD and Stochastic Indicators using Jack's settings (see second post for settings). Everything became crystal clear. Regards, Helmut
What happens if the required volume is reached or exceeded just with one trade or two (as in EZPW for instance as of today)? Is it important that the volume is reached step by step as in MFLX today or is it allowed that the opening volume can be the trigger itself? Oooh, Spydertrader, I 've got such a lot of questions... You're a poor guy, but I know that you are such a nice and friendly person that I never would be a problem for your nerves, right?
Very strange... I downloaded the spreadsheet you posted. First thing I noticed is on the "Float" tab, for some reason the numbers were not delimited correctly... in other words, they downloaded as three separate numbers instead of one (i.e. 1,234,567 will download as three different numbers 1 and 234 and 567 instead of 1234567). This used to happen to me as well, but when I made a separate tab for Float alone, it worked fine. I tried changing the EPS and price and nothing happened for me either. However, once I hit the "Fill" button again, everything worked as it should. Just to be sure you are taking all the correct steps, you are pasting the symbols in from the stocktables.com download (always best to paste values only), you click "Fill" then "Hide"? If that doesn't work, I am not sure what is wrong. I suspect we may have different versions of Excel... I am using Excel 2002 (10.6501.6714) SP3 (Windows XP). I hope that helps.
Stocks using Test Culling method for Wednesday: ANIK 7 CUTR 0 DCAI 5 ELOS 2 FORD 5 MCRI 0 MFLX 7 MIKR 5 MSB 0 PACT 2 PRFT 7 SNDA 2 TRGL 2 UBET 7 USG 0 VDSI 7 XXIA 2 Can be found in real time apprx 10min before the open at: http://www.mbtrading.com/k9/K99.asp Regards, Ross
Although I can't find the specific post, I believe that Jack teaches to "filter out the noise" of block (large) trades, which he typically attaches to "naive, young fund managers". Although, he usually mentioned block trades in conjunction with his "stop offset" method, so I may be confusing the issue. Nevertheless, Spydertrader himself has posted on multiple occasions that one should avoid signals to trade in which the majority of the volume can be attributed to a block trade(s). Specifically, one thing he mentioned stuck in my head, "I do not believe one order makes a trend." Most wise. Here is the thread: http://www.elitetrader.com/vb/showthread.php?s=&postid=597127&highlight=makes+trend#post597127
Hi guys, yesterday I took the trade on EZPW as well as MFLX and sold both right before the close as FRV wasn't met in both stocks. No profit, no loss so nothing happened. Thank you smtrader for your help on the excel sheet and the commentary on the block trade issue. Should have left out the EZPW⦠Every day I am learning something new The excel spreadsheet still doesn't work, even after pressing "FILL" for a second or third time. Anyway, I found a solution for me and that's what counts in the end. --------------------------------------------- So I will try to give it another go: Today I included stocks that are between 5 and 10 $ as I remember that someone tried this in the past to get more signals. I will be very careful concerning this change, but I am quite sure it makes some sort of sense to include these stocks. My daily hotlist now looks like this: ANGO ANIK CRNS FORD GEOI LCBM MFLX PACT PRFT TRGL UBET USG VDSI XXIA The dry up stocks: ANGO DCAI GEOI SIGM SYNA TASR TOPT USG The dry up stocks together with score and lower band volume: Code: Symbol Date ChartScript Order Shares Type Price Signal Name ANGO 03.05.2005 Hershey LowerBand Output Buy 280 Market Score= 7 Lower Band= 26.213 DCAI 03.05.2005 Hershey LowerBand Output Buy 370 Market Score= 5 Lower Band= 46.781 GEOI 03.05.2005 Hershey LowerBand Output Buy 640 Market Score= 0 Lower Band= 59.967 SIGM 03.05.2005 Hershey LowerBand Output Buy 636 Market Score= 0 Lower Band= 68.662 SYNA 03.05.2005 Hershey LowerBand Output Buy 272 Market Score= 0 Lower Band= 288.245 TASR 03.05.2005 Hershey LowerBand Output Buy 584 Market Score= 7 Lower Band= 1.526.803 TOPT 03.05.2005 Hershey LowerBand Output Buy 321 Market Score= 0 Lower Band= 169.563 USG 03.05.2005 Hershey LowerBand Output Buy 121 Market Score= 0 Lower Band= 257.810 Running my "wealth lab equations" script provides me with the following output: Code: Symbol Date ChartScript Order Shares Type Price Signal Name BCSI 03.05.2005 wealth-lab equations Buy 339 Market FRV 1 BCSI 03.05.2005 wealth-lab equations Buy 339 Market Frv #2 EXM 03.05.2005 wealth-lab equations Buy 361 Market FRV 1 EXM 03.05.2005 wealth-lab equations Buy 361 Market Frv #2 EZPW 03.05.2005 wealth-lab equations Buy 386 Market Gainers 5-10% HANS 03.05.2005 wealth-lab equations Buy 76 Market FRV 1 HANS 03.05.2005 wealth-lab equations Buy 76 Market Frv #2 HANS 03.05.2005 wealth-lab equations Buy 76 Market Gainers over 10% PARL 03.05.2005 wealth-lab equations Buy 328 Market FRV 1 PARL 03.05.2005 wealth-lab equations Buy 328 Market Frv #2 SIGM 03.05.2005 wealth-lab equations Buy 636 Market FRV 1 SIGM 03.05.2005 wealth-lab equations Buy 636 Market Frv #2 SNDA 03.05.2005 wealth-lab equations Buy 161 Market FRV 1 SNDA 03.05.2005 wealth-lab equations Buy 161 Market Frv #2 UBET 03.05.2005 wealth-lab equations Buy 806 Market FRV 1 UBET 03.05.2005 wealth-lab equations Buy 806 Market Frv #2 UBET 03.05.2005 wealth-lab equations Buy 806 Market Gainers over 10% USG 03.05.2005 wealth-lab equations Buy 121 Market FRV 1 USG 03.05.2005 wealth-lab equations Buy 121 Market Frv #2 ANIK 03.05.2005 wealth-lab equations Buy 314 Market FRV 1 ANIK 03.05.2005 wealth-lab equations Buy 314 Market Frv #2 ANIK 03.05.2005 wealth-lab equations Buy 314 Market Gainers 5-10% CRNS 03.05.2005 wealth-lab equations Buy 403 Market FRV 1 CRNS 03.05.2005 wealth-lab equations Buy 403 Market Frv #2 GEOI 03.05.2005 wealth-lab equations Buy 640 Market Dry Up Volume 1 GEOI 03.05.2005 wealth-lab equations Buy 640 Market Dry Up Volume 2 GEOI 03.05.2005 wealth-lab equations Buy 640 Market Dry Up Volume #3 LCBM 03.05.2005 wealth-lab equations Buy 355 Market Gainers over 10% PRFT 03.05.2005 wealth-lab equations Buy 745 Market FRV 1 PRFT 03.05.2005 wealth-lab equations Buy 745 Market Frv #2 PRFT 03.05.2005 wealth-lab equations Buy 745 Market Gainers over 10% UBET 03.05.2005 wealth-lab equations Buy 806 Market FRV 1 UBET 03.05.2005 wealth-lab equations Buy 806 Market Frv #2 UBET 03.05.2005 wealth-lab equations Buy 806 Market Gainers over 10% USG 03.05.2005 wealth-lab equations Buy 121 Market FRV 1 USG 03.05.2005 wealth-lab equations Buy 121 Market Frv #2 VDSI 03.05.2005 wealth-lab equations Buy 630 Market FRV 1 VDSI 03.05.2005 wealth-lab equations Buy 630 Market Frv #2 VDSI 03.05.2005 wealth-lab equations Buy 630 Market Gainers over 10% By the way is anyone interested in testing or looking at this script? Shall I post it or not? Another change I am intending to implement is to recalculate the final universe on a daily basis, deleting the stocks which do not meet the criteria anymore. Based on these assumptions, my final universe would look like this now: ANGO DCAI ELOS FORD GDP GEOI JUPM MCRI MFLX SGTL SIGM SNDA SYNA TASR TOPT USG So far for now, I am preparing a couple of other questionsâ¦