10:00am - Ok, so far this morning has been active
GAIA
Sold for a loss. I need to go back and review what went wrong with this trade.
DBTK
It looked like it was going to go somewhere this morning. it was in DU again, and I had held it over from yesterday due to the fact that there was increasing volume and price. However, the volume has stopped and the price is deteriorating. I sold for a slight gain.
JRJC
It's retreating this morning, but it has not hit my 4% trailing stop yet.
ZUMZ
Purchased this when it reached DU levels. Stoch and MACD line up. Volume is increasing and so is price
SSRX
Purchased this when it hit DU. Again, all indicators are positive.
LDK
Purchased this one a little early. There was a ton of volume on it, and still is. However, it had gapped up slightly and I caught it halfways down the gap fill. It had started to move up temporarily before coming back down. It had been at 1/2 DU at about 9:45, so I thought this might be a good one to catch early. we'll see how this one turns out. It is down for me right now.
10:30
LDK
Still going nuts on volume. Holding on to this ride for now. The stock is bouncing around the even mark. Hopefully this may be like EXM last week.
JRJC
Sold The stock for a nice gain. I was hoping for more, but the volume just does not seem to be there.
RIO
I had this stock down for FTT or breakout on the daily chart. I bought it as volume is accelerating, almost at DU, and the stock is up despite the market dragging it down. I'll keep a short leash on this one (it is at the top of the channel).
DBTK
Just a note. It continues to decelerate and deteriorate. Glad I sold it.
GAIA
Of Course, This stock is now up. I totally messed up this trade for a large loss. I really need to sit down and see where I went wrong.
11:45
LDK
Ugh. Stopped out for a hefty loss.
4:00
Ok. I held on for a wild ride today. At one point all of my positions were down. I think today was a lesson, however, in how the Hershey long method is useful, even on down days. The stocks I held recovered nicely throughout the afternoon after the big drops late this morning. I exited out of RIO almost breaking even. SSRX and ZUMZ both reached FRV and were positive by the end of the day. Almost everything else on my daily watchlist was down. So though today ended up as a net loss, if I had not made that one bad trade (LDK, because it had gapped up and I did not wait long enough to establish that there was an up pattern), I would have ended up slightly in the positive, which for such a down day, would have been great (for me, as a beginner, at least.) The method today may not have netted me big gains, but, minus that stupid trade, exposed the strongest long stocks on an otherwise weak day.
JF
