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Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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I plan to head south in the next few hours, but wanted to say, "Enjoy the Holidays!" one last time. Congrats to those of you who profited from the recent signals, and to those still working toward profitability, hang in there. In time, everything will click into place for you as well.
I hope the market treats you all well, and I look forward to continuing the discussion next year.
Merry Christmas
Happy Hanukkah
Joyous Kwanza
....... and a Festivus for the Rest of us! ($1 to Seinfeld)
- Spydertrader
I hope the market treats you all well, and I look forward to continuing the discussion next year.
Merry Christmas
Happy Hanukkah
Joyous Kwanza
....... and a Festivus for the Rest of us! ($1 to Seinfeld)
- Spydertrader
Sold NGPS when it became clear that it would not reach FRV @30.07 for a wash.
Still holding VPHM because it reached FRV and I am up .55%
Still holding PETS eventhough I am down 1.92%. Still has not reached peak
I don't feel very good with that PETS purchase and will probably sell it on monday.
Does anyone have any thoughts on my PETS purchase?
Gooch87
Still holding VPHM because it reached FRV and I am up .55%
Still holding PETS eventhough I am down 1.92%. Still has not reached peak
I don't feel very good with that PETS purchase and will probably sell it on monday.
Does anyone have any thoughts on my PETS purchase?
Gooch87
I'm a newcover to this thread. Including this thread and a previous one, it looks like about 500 messages!
Is there a summary somewhere or can something describe what's going on in a nutshell?
It sounds like many traders are using Jack's methods profitably, correct?
Thanks,
Brooks
Is there a summary somewhere or can something describe what's going on in a nutshell?
It sounds like many traders are using Jack's methods profitably, correct?
Thanks,
Brooks
Kind of a mixed day for me:
I bought DCAI at 10.78 and sold at 10.72 for a small loss. I was tempted to hold half as the action near the close looked good to me.
I bought VPHM this morning and sold near the close for a small gain, as I did not see it reaching FRV
NGPS was a wash, and it did not reach FRV.
I sold half my PETS for a 5% gain and holding the balance as it enters its 3rd day on Monday.
Doug
I bought DCAI at 10.78 and sold at 10.72 for a small loss. I was tempted to hold half as the action near the close looked good to me.
I bought VPHM this morning and sold near the close for a small gain, as I did not see it reaching FRV
NGPS was a wash, and it did not reach FRV.
I sold half my PETS for a 5% gain and holding the balance as it enters its 3rd day on Monday.
Doug
Quote from BrooksRimes:
I'm a newcover to this thread. Including this thread and a previous one, it looks like about 500 messages!
Is there a summary somewhere or can something describe what's going on in a nutshell?
It sounds like many traders are using Jack's methods profitably, correct?
Thanks,
Brooks
Hi BrooksRimes,
Follow this link to the end of the last journal. It gives a nutshell version.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777&perpage=6&pagenumber=343
Gooch87
I'm paper trading through a simulator so no real money at work. I bought VPHM @ 19.90 and sold @ 20.20. From yesterday,
I was in Pets @ 14.23 and got stopped out at 14.34. I was also in BCSI @ 45.35 and it opened sharply lower it hit my stop at 44.44 (would've been a good short). It didn't hit FRV yesterday so I should not have held it overnight.
Because I'm paper trading, I looked at stocks I've followed for a while and one of those is JDSU. It has rank and was "in dry-up" yesterday. It opened on high volume and hit the low band very early in the day. I bought at 2.64 and watched it go to 2.70. Volume dryed up the rest of the day and didn't hit FRV. I sold at 2.64 as the price tapered off.
I have noticed that volume needs to follow through even after the dry-up levels have been hit or the stock seems to drift. Seems to confirm the theory behind the method.
I was in Pets @ 14.23 and got stopped out at 14.34. I was also in BCSI @ 45.35 and it opened sharply lower it hit my stop at 44.44 (would've been a good short). It didn't hit FRV yesterday so I should not have held it overnight.
Because I'm paper trading, I looked at stocks I've followed for a while and one of those is JDSU. It has rank and was "in dry-up" yesterday. It opened on high volume and hit the low band very early in the day. I bought at 2.64 and watched it go to 2.70. Volume dryed up the rest of the day and didn't hit FRV. I sold at 2.64 as the price tapered off.
I have noticed that volume needs to follow through even after the dry-up levels have been hit or the stock seems to drift. Seems to confirm the theory behind the method.
Weird...I got into PETS yesterday at 14.13 and am still holding...no reason to bail yet....today's volume was also quite nice and prices held....my 5% trailing stop currently puts me at a slight profit
I also got into VPHM today @ 19.90 and am still holding...it hit FRV by my volume numbers....no reason to bail
I got into NGPS at 29.95 but sold at EOD @ 30.00 for a breakeven play essentially....did NOT hit FRV
I was tempted to get into DCAI, but the spread was large and I never got filled at the price I wanted....not sure if it hit FRV, but I think it came close enough....
I don't see any reason why anyone would have already bailed on VPHM unless they are altering the method....
I also got into VPHM today @ 19.90 and am still holding...it hit FRV by my volume numbers....no reason to bail
I got into NGPS at 29.95 but sold at EOD @ 30.00 for a breakeven play essentially....did NOT hit FRV
I was tempted to get into DCAI, but the spread was large and I never got filled at the price I wanted....not sure if it hit FRV, but I think it came close enough....
I don't see any reason why anyone would have already bailed on VPHM unless they are altering the method....
Quote from mrpace:
I don't see any reason why anyone would have already bailed on VPHM unless they are altering the method.... [/B]
I sold VPHM because I didn't think volume would hit FRV. I don't have access to real-time volume stats (20 minute delay) and the pace of volume had slowed during the day. I have watched several positions fade into the close as volume wanes. I'm still in the process of learning the method so there's no intention to alter it.
Quote from mrpace:
I don't see any reason why anyone would have already bailed on VPHM unless they are altering the method....
My Tradestation RadarScreen indicator showed it almost reach FRV near the close.
After trying to determine why you had it exceeding FRV and I did not, I looked at my indicator and it had a setup error that caused it to be "close" to the actual volume. I've have since corrected this.
Thanks for posting your comment.
Maybe, I'll get a reentry point on Monday.
Doug
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