Spydertrader's Jack Hershey Equities Journal II

Status
Not open for further replies.
Quote from Spydertrader:

The Rush Trade Demo platform used to run the previous market day on a loop - allowing a trader to test out the software after normal market hours. If their current Software Demo performs in the same fashion, you might be able to practice your trading after work using the "Intraday Methods" discussed here. Once you become comfortable with the Methodology, you could then alter the methods slightly to whatever form best suits your risk tolerance.

- Spydertrader
More...
Thanks, Spydertrader. That's a great suggestion.

chaos
 
Quote from chaos:

gooch,

Great trade. Unfortunately, I'm in the Eastern time zone, so that trade would have come up during my work day.

Do you ever set your entries in advance, as Spydertrader suggests?

chaos
More...

chaos

I am a beginner and I am still trying to master this method.

No, I don't set my entries in advance. I watch the market in the morning for LBDU and then in the evening I study the charts of the stocks that made FRV that day. If everything lines up then I look for an entry on a 5min chart the next day. I look for support and resistance levels within the channels to aid in my entry and exit decisions.
I will post my trades when I make them.
I look forward reading about your profitable trades

Hope that helps,
gooch87
 
I am getting ready to hit the road for the weekend, but my limited understanding of Max Pain is that the stock will gravitate towards the Max Pain price during an Options expriation. This is related to which contracts have open interest and people closing out positions.

There is a much more detailed explanation than this, but this is the jist... :)

Good weekend all... Cheers
 
I'd like to discuss position sizing/money management for a bit.

I've settled for the time being on a simple position sizing where I simply divided my trading capital by 5. So if I have, say, $50,000, I'd allocate $10,000 to each position. This is based on the theory that a worst-case loss based on the 5% trailing stop rule would result in a 1% loss overall.

Does this make any sense? Also, has this been discussed anywhere else in the Hershey threads?
 
Quote from stevegee58:

I'd like to discuss position sizing/money management for a bit.

I've settled for the time being on a simple position sizing where I simply divided my trading capital by 5. So if I have, say, $50,000, I'd allocate $10,000 to each position. This is based on the theory that a worst-case loss based on the 5% trailing stop rule would result in a 1% loss overall.

Does this make any sense? Also, has this been discussed anywhere else in the Hershey threads?
More...

From the reading and studying I have done on Jacks posts, it seems that the optimal amount of streams should be directly related to the length of the natural cycle. I suspect the main reasoning is for profit maximization and cycle rotations through stocks.
 
Quote from gooch87:

I'm still riding the IVAC horse. Now it's close to my buy point but with lower volume than yesterday. It is also within the lower part of the channel. I will wait to see what happens. I am patient.

Thoughts are welcome,

gooch87
More...

Got stopped out here at 27.93 for a 2% loss. I may put that capital to work in WSSI.
 
Got thrown from the IVAC horse today.
I sold this morning at 28.50 for a wash but got back in at 28.06 when I thought the selling was done, ERRRRRRRRRR! wrong answer for the short term. I sold at 27.76 for a $33.00 loss
 
Status
Not open for further replies.
Back
Top