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    Spydertrader's Jack Hershey Equities Journal II

    Not sure what all of this volume represents in XING, but I entered @ 16.36. Also in IIIN @ 17.84 Edit: Stopped out on XING for 2% Ross Rule @ 16.01. An FBO perhaps? Or just smart money shaking the likes of me out. Certainly the daily looks like a good setup.
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    Spydertrader's Jack Hershey Equities Journal II

    Just had to grab that last trade... Images of you phoning in orders from the taxi on the way to the hospital come to mind...:D All the best to you, your wife, and the baby...
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    Spydertrader's Jack Hershey Equities Journal II

    Entered BITS @ 10.59, but with no continuation, I exited @ 10.54. I told myself to avoid TIE today, but I still entered when the volume and price were great. Unfortunately, It was outside the top of my IT trend channel, so I had no target to focus on. A trading mistake I'll have to work on...
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    Spydertrader's Jack Hershey Equities Journal II

    BITS has just come up as a FU candidate through the Stocktables / Chartscript sorting: Float: 7.3M Avg Vol: 223M EPS: 0.26 Price: $10.44 Rank: 5.68 Financial details from Yahoo
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    Spydertrader's Jack Hershey Equities Journal II

    Really? Do you not normally hold positions overnight? Or did you have a feeling about holding this one?
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    Spydertrader's Jack Hershey Equities Journal II

    When you entered, I thought it was a good decision Gooch. Just one of those unlucky events that could not have been foreseen.
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    Spydertrader's Jack Hershey Equities Journal II

    Very good point. I noticed TIE did progress nicely, only after EOD. Checking the numbers, it must have signalled an entry for me at around 10:10 AM, but clearly I was too wrapped up in ININ to notice. However I did not have it down as in DU. I had it in DU on Friday. There were quite a few...
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    Spydertrader's Jack Hershey Equities Journal II

    ININ was my only trade for last night, as I didn't want to ruin a good thing with some losses elsewhere. A faulty mindset, I think, as a couple of other opportunities presented themselves. BTJ would have been a nice entry both before and after the initial pullback (yea, I know, but I'm going...
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    Spydertrader's Jack Hershey Equities Journal II

    What a rush! I got in to ININ @ 16.78, and exited @ $18.12 as a profit stop. I felt this was a good place at the top of the IT trend. I hope others caught this trip! I probably sold too early, but a bird in the hand.... edit: WAY to early! :-). Oh well.
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    Spydertrader's Jack Hershey Equities Journal II

    Errr, no, unfortunately. Whilst NVEC was added to my list, I did not trade it on account of it being so 'new' in my list, and that the stock was at the top of the IT trend. FTEK was not in my candidate list either, however on UV, I entered @ 18.69 and exited when it had trouble breaching...
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    Spydertrader's Jack Hershey Equities Journal II

    Thanks Gooch. Yahoo is reporting earnings this week for the additonal companies: ANEN (Oct 26) DXPE (Oct 25) NEU (Oct 25)
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    Spydertrader's Jack Hershey Equities Journal II

    Going through the IBD100, I see a couple of contenders for FU membership that are *close* to the minimum requirements. ANEN: Volume is 189k and has been increasing over the last month or so; ICE (NYSE): Price is $81; LQDT: Volume is 121k. Probably too low for most peoples consideration...
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    Spydertrader's Jack Hershey Equities Journal II

    I also got into DTLK last night @ 10.63. I liked it on the daily until I noticed (like a fool, after I entered) that the MACD is in fact still descending. I got out, most likely because of the simple reason to have a green entry on one of my trades for the week, I exited @ 10.70. I also...
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    Spydertrader's Jack Hershey Equities Journal II

    I’m not sure if Gooch will agree with me, but I just updated my charts on XING, and I really like it. It is in an IT uptrend, and price has just bounced off the right channel line. MACD has just started to increase, and the stochastics are looking like they’re about to ascend. I’m putting...
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    Spydertrader's Jack Hershey Equities Journal II

    I chose to ignore FTEK as it had both lost rank and it was very close to the top of the IT channel. For me, it was a short or nothing. Well done on your correct perception of FTEK.
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    Spydertrader's Jack Hershey Equities Journal II

    The reason I use tight stops on shorts is to get in and out fast. If I get shaken out, there's a reason for it, so when the stock comes back that quickly, it gives me pause. :-) The stock may decline again, but I got on the train when it was zooming down, and they're the one's I want to ride...
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    Spydertrader's Jack Hershey Equities Journal II

    Shorted SMSI @ 15.72 as LBDU was reached, and UV exceeded 22%. With Shorts, I place a tight 2% trailing stop, which might have been too tight, as the stock dropped, recovered, then I was stopped out @ 15.79.:mad: Also Shorted EZPW @ 44.10. Edit: Just bought back EZPW. I didn't like that...
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    Spydertrader's Jack Hershey Equities Journal II

    Can someone please explain volume second derivatives? I am having some trouble reading the code in Wealth-Lab. From memory, I have seen instances when the volume second derivative increases independently of whether the volume is increasing or decreasing. My textbook understanding is that it...
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    Spydertrader's Jack Hershey Equities Journal II

    Welcome back Spyder! I can re-iterate the above on my sell today of BTUI @ 12.65. It broke the left trendline (13.57) on the day of purchase - 3 days ago, and has been retreating since. So what should have been a nice 7.2% profit ended as a wash. I can consider myself lucky that it was an...
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    Spydertrader's Jack Hershey Equities Journal II

    Thank you for your response Opentrader. One of the things I believe from the Hershey method is that it’s critical to base your decisions in the right timeframe, or Fractal. I think making decisions to buy based on the daily, then executing on the 30 minute is an excellent strategy...
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