You find yourself at an point within the Journal (Three List Creation) which limits the number of stocks available for a Hot List. As you progress further within the Journal, you'll arrive at the point where I stopped creating three lists each evening. At that time, I also provided the rationale behind the decision. You are currently not that far off. - Spydertrader
Hi Spydertrader, Thank you very much for your reply. It is great to know Jack Hershey Method is trend immune. Could you please describe the entry conditions for entering a short? thanks a lot! Congratulations! That really encourages me, I am always afraid of losing my job, if i do lose, I wish Jack Hershey Method can help me. And actually it is you who helps me at present. I read once in a while from money.cnn.com how many new millionaires are created from stock markets year over year. I took vacation a few time at South Florida beach. when i was walking on the beach, a mind always strike my head : " am I the only poor guy on this beach? " My questions seem to be off the topic, the reason is that I know someone who got laid off in 2003 but he traded his 4k account into 46k usd in 5 months, and another guy becoming a millionaire on a single trade from a biotech stock option. But they are still trying to find a job, which made me feel confusing. Anyway I am hoping that i have used the right words. English is not my native language. I am trying to improve. thanks again for your help.
I have posted the requirements necessary for entry into a short trade using Hershey Stocks within the pages of this Journal. I encourage you to start at the beginning of the Journal and read through to the end. Doing so enables you to build a strong foundation of knowledge with respect to the System Methodology. The Stock Market can provide limitless wealth for the properly prepared individual. Failure to properly educate yourself increases your risk of ruin. While reading through the many pages of information assembled here requires some effort, such an effort more than pays off in the long run. - Spydertrader
2005-07-18, Monday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List CMT FORD MCRI NGPS Dry Up Stocks BCSI CKCM CMT ENER HANS IIG MCRI NGPS TASR UBET VDSI Hot List Stocks Scores CMT - 0 FORD - 2 MCRI - 5 NGPS - 7 Dry Up Stocks Scores BCSI - 0 CKCM - 5 CMT - 0 ENER - 5 HANS - 5 IIG - 5 MCRI - 5 NGPS - 7 TASR - 0 UBET - 2 VDSI - 5 Keep an Eye on These Stocks IIG (Attached) The follow stock has been ADDED to the Final Universe List as of Friday, 2005-07-15: NGPS. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=792343>
NGPS does not meet float requirements, according to Quote.com. Why did you add it anyway? Best Regards Oddi
http://finance.lycos.com/qc/research/marketguide.aspx?symbols=NASDAQ:NGPS According to QCharts, I have float for NGPS at 8.2 million shares. We keep equities which have a float between 5 and 60 million shares. - Spydertrader
has anyone tried to find a screener w/ all the info we need in one place? (and w/ accurate data) It would be great not to have to pay two different subscriptions. As it stands the overhead for this strategy is $14/mo for the first screener $95/mo for QCharts $700 for Wealth-Lab It would be so nice if wealth-lab could screen the way we need, though. Think about it: one screen, and you're done! You know, we could hire a programmer to do a java thing - they love these neural networks. Everyone who's interested pitch in one or two months of subscription to QCharts, and we'd be able to get a program to do most of this work. Change of subject: Since I don't have QCharts yet, I still have to do the float stuff by hand. I'll be back in a few after I've found the hit list - Todd, what's happening w/ Danicka's pit stops?
Why would we need a screener? I just trade spyder's final universe and get my scores and volume numbers with spyder's chartscript. Then I monitor them with my brokerage and buy on volume...the system...I'm sure there's reason behind buying screeners...please explain. thanks, KK
KK, I'm also KK - haha ok, i'm done. Let's not assume todd will be around forever. I like to understand the workings behind this strategy so I can take advantage of it - maybe even knowing in what environments it works best or doesn't work at all.......