Spydertrader's Jack Hershey Equities Journal II

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Quote from Spydertrader:

You sure timed that nicely. :D I hope you made a killing today with those stocks.

- Spydertrader
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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 19.00, @ 18.95.

On my long list was XING, which I feel looks great on the daily, and I entered at 15.02 when LBDU was signalled. After entry, I noticed that the UV was sitting at only 14%. I set my stop at yesterdays close, and got stopped out at around a 1.5% loss.

I also got into GIGM when volume stepped up sharply just before 11:00am. However it petered out, and I exited for a wash.

So an even day for me in spite of some stocks doing exceptionally well. I hope others had a great day!
 
I was wondering if anyone could tell me what time frame they look at during the day to make a sell decision. When I look at the slow stochastic, it will dip below 80 on a 30min but stays above on a daily. If I have not hit my 2% stop loss, and the stock remains in first rising volume then what time frame should I base my decision?
 
Quote from Monkman:

I was wondering if anyone could tell me what time frame they look at during the day to make a sell decision. When I look at the slow stochastic, it will dip below 80 on a 30min but stays above on a daily. If I have not hit my 2% stop loss, and the stock remains in first rising volume then what time frame should I base my decision?
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I prefer to look at the daily timeframe when making my exit decision. Every time I monitor the 30 minute fractal for exists, I wind up doing something stupid. :D Of course, your mileage may vary.

- Spydertrader
 
I recently finished reading both of Spydertrader's journals for the second time and it has been a great help in understanding the hershey methodology. After reading the journals the first time I felt that I had a pretty good understanging of how everything worked but I still wanted to learn more so I read them again. After reading the journals again many things have become alot clearer, even in areas that I thought I had a thorough understanding of. Anyone who has read the journals more than once will understand what I mean. The key to reading the journals the second time is that you know what is important and where to focus your attention when u come across certain things. This is just my 2 cents but I highly recommend reading the journals more than once, it will definitely help, it has for me.
 
Quote from cipherscribe:



So an even day for me in spite of some stocks doing exceptionally well. I hope others had a great day!
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I had a good day, small profit but better than a loss. I'm still holding.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1242071"></img>
 

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Quote from virgintrader:

Can someone please explain...
1. the meaning of price second derivative and
2. the meaning of volume second derivative

tks in advance
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IT is the difference of a difference. It was suggested in Jack's post titled, "Too Long".

Let c = close

Let c[1] = close one bar ago.

Let dif = c - c[1]

2nd derivitive = dif - dif[1]

I smooth this with Tillitson's T3 algorithm.

The attached image shows a trade from yesterday that I took based on both 2 nd derivitives of price and volume rising .
 

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Hi gooch87 -

FYI --

In my opinion DTLK is a very dangerous stock right now - advise extreme caution if not outright sale.

Regards, blue2and2

PS TO ALL - This is the the best thread on ET & has been for a long time
 
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