Spydertrader's Jack Hershey Equities Journal II

Status
Not open for further replies.
Quote from 4XIS4U:

Anyone on SIRF ?
More...

I was monitoring ENER, and missed my entry to buy the breakout (after the pullback) on SIRF around 12:30 PM Eastern. However, I wouldn't mind getting in on this current pullback. Waiting to see where this candle (2:00 PM Eastern - See Attached Chart) closes to determine if I should hold or prepare to jump in.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1037291>
 

Attachments

After taking a few 2% losses, it's nice to have a good trade.

Only trade for today was BTUI. Long at 19.15. Passed FRV, so stop will be moved to B/E
 
NTRI popped late this afternoon, but volume was 1 MM shares at the close, short of 1.2 MM for FRV by the chartscript.

Is there a rule for entering when a stock doesn't strictly meet the morning or end of day rules but is clearly moving out of dry-up on a volume surge?

Traveler
 
Quote from Traveler:

NTRI popped late this afternoon, but volume was 1 MM shares at the close, short of 1.2 MM for FRV by the chartscript.

Is there a rule for entering when a stock doesn't strictly meet the morning or end of day rules but is clearly moving out of dry-up on a volume surge?
More...

If you feel an equity follows the 'spirit' of the rules, then hold onto the stock with both hands - and enjoy the ride. The Hershey Equities rules exist in order to provide a framework for trading profitably. Within that framework, exceptions exist. Knowing when to follow the exceptions (instead of the rules) marks the difference between making some money and making a substantial amount of money. When these situations arise, I note the exceptions in an effort to plan for the future. Learning from our experiences only serves to improve our performance.

Good Trading to You.

- Spydertrader
 
Nice post! :)
Quote from Spydertrader:

If you feel an equity follows the 'spirit' of the rules, then hold onto the stock with both hands - and enjoy the ride. The Hershey Equities rules exist in order to provide a framework for trading profitably. Within that framework, exceptions exist. Knowing when to follow the exceptions (instead of the rules) marks the difference between making some money and making a substantial amount of money. When these situations arise, I note the exceptions in an effort to plan for the future. Learning from our experiences only serves to improve our performance.

Good Trading to You.

- Spydertrader
More...
 
ENER looks good for tomorrow. If history repeats itself, the breakout might be a few days away yet. We shall see.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1037948>
 

Attachments

Status
Not open for further replies.
Back
Top