Spydertrader's Jack Hershey Equities Journal II

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Hi guys,

I have a question.... GROW triggered a buy yesterday for me, and went up nicely, but didn't hit FRV by end of day.

Can we hold on and break the rule which states to sell if FRV is not hit, as long as price action is favourable?

Thanks in advance...
 
Quote from gpzany:

Can we hold on and break the rule which states to sell if FRV is not hit, as long as price action is favourable?
More...

As long as you have a valid reason for breaking the 'rules' with respect to trading, you should end up O.K. with the trade. For example, according to the 'Hold' rules for Stochastics (14,1,3), we want to see an 'intertwining' above the 80 level. Clearly, GROW continues to exhibit this 'hold' behavior. Additionally, comparing the last two day's volume on GROW, we see nearly 4 times the volume increase. While not 'technically' exceeding our calculated FRV levels, volume did show a significant increase between the two days, and as such fits the 'spirit' of the FRV rules. As a result, your decision to hold GROW, based on a sound understanding of the system rules, appears valid. Nice call, and keep up the great work.

- Spydertrader
 
Thank you Spyder, for the quick reply and for your continued supprt of these great journals...

it's a good feeling when things start to click in the head, and trades unfold according to the system...

Cheers.
 
Although we see a decrease in both Price and Volume with respect to the TRLG trade, I continue to hold all shares. The Stochastic (14,1,3) Indicator currently falls at the 84.11 level (on a daily chart). I plan to hold these shares until the %K line falls below the 80 level on a daily chart.

- Spydertrader
 
Final Universe Removal

I have removed the following stocks from the Final Universe for 'Failure to Maintain Rank.'

ENER FMCN IIJI NDAQ NGAS SIMO SMSI TXCO VPHM

- Spydertrader
 
I have uploaded a couple of New Files produced by Jack Hershey for everyone's review. I plan to post additional files at this web page as I receive them. The file formats listed so far contain both .doc and .avi formats. Simply click the links located to download. Some of the files contain significant amounts of data, and as a result, are quite large.

- Spydertrader
 
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