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In many of the attached documents of the Original Journal, as well as in the additional threads linked in this Journal and throughout the background material, Jack explains his self imposed limit of trading the lessor of 10% of the average volume or 100,000 shares. Unless (or until) a trader has...

No stones to be thrown here, just a different conclusion reached. On the day before a major USA Holiday, RTSX traded at the lowest volume levels out of all Final Universe Stocks with a volume of approximately 49,000 shares traded. The spread often sat around .10 with 400 share lots sitting on...

Well, I threw in the towel. With everybody heading to the exits, I didn't feel like being the last one left to turn out the lights. One-Hundred dollar loss on VDSI. These things happen now and then. - Spydertrader

To Those of you outside the USA, enjoy your ordinary Thursday. - Spydertrader

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I just used them as two examples of stocks which have plenty of volume the day before a Holiday. I did not have either on a Watch List. - Spydertrader

I'm right there with you. Unfortunately, the market hasn't continued to move price higher yet on this trade. I plan to remain patient. - Spydertrader

Jack has a unique writing style. He attempts to motivate the reader to dig deeper into the subject matter in order to understand the topic at hand. After speaking with Jack, I have the distinct impression he sets the bar very high in terms of effort required to comprehend his strategies. As a...

While reduced volume in the overall market remains a distinct possibility the day before a United States Holiday. Trading within a specific equity may not see reduced activity. One only need to look at FORD or JMDT today to see two examples. As a result, I do not reduce Dry Up Volume Thresholds...

When first learning The Hershey Methodology the temptation exists to try and capture every breakout in price occurring amongst the Final Universe Stocks. While traders with a higher experience level may capture a significantly greater percentage of profitable moves than a beginner, you should...

Using a Stochastics setting of 14-1-3, the opening bar (combined with the 13 bars of historical data) should provide accurate information enabling you to make an appropriate trade decision. I traded this way for over a year. However, you could use a Stochastic setting of 5-2-3 (and change the...

You can download a Free Version of Medved's Quotetracker from their web site. You can also find a link within this thread instructing you how to set up the program. I personally use QCharts, but any software program will do. - Spydertrader

Whether you profited or experienced a loss as a result of your trading today, always remain focused on proper execution of your trading plan. Profitable trading remains a matter of execution, and not a matter of money. We use money simply as a way of keeping score. Over time, the more accurate...

Without trying to sound peremptory, you can sum up my take in two words: Shit Happens. I experience the same sort of frustration from time to time (check the TIE chart since my stop triggered - its up about $10.00 USD per share since my exit). Several solutions exist allowing you to slightly...

Thanks for the link. When I have some free time, I plan to download the program and test various position sizes with the data from the last Journal. So far, the market appears to agree with your purchase. I thinking just about everybody wanted to see a small pullback before the train...

Excellent trading this week to everyone following the thread. Enjoy the weekend, and keep up the great work. - Spydertrader

I don't hedge overnight positions with put options or anything like that. I simply manage my risk based on placing at risk only a small percentage of my overall account size. As you progress through your reading of the Original Journal, you should come across a risk calculator I attached to a...

Quotetracker allows you to set whatever .wav file you like for whatever alert you set. Qcharts does as well. - Spydertrader

When I first began to trade this system, the greatest hurdle for me to overcome resulted out of my experience as a day trader. Having never held a trade beyond EOD, I found it difficult to jettison my old habits (my pre-conceived notions) and embrace without hesitation the fundamental ideas...

I have personally experienced such pain when failing to follow my own plan. In the Original Journal, I discussed Jack's recommendation to divide one's capital into 4 'streams' and use each 'stream' for a different trade. For smaller accounts, one might use only two or three streams -...