Spydertrader's Jack Hershey Equities Journal II

[cnms2]

Me neither.

On the other hand, I try to look at each stock case objectively, unbiased. I try to keep my hopes in check in order not to blur the picture and to take the signals as they come. When I notice that I'm wrong I adjust my position accordingly, not jumping the gun, but not to delaying it either.

Quote from Spydertrader:

My own personal bias has caused me to avoid the market today. I simply do not trust this rally. As a result, you can count me as one of the 'wait and see mode' folks.

- Spydertrader

 

[Spydertrader]

Quote from cnms2:

Me neither.

On the other hand, I try to look at each stock case objectively, unbiased. I try to keep my hopes in check in order not to blur the picture and to take the signals as they come. When I notice that I'm wrong I adjust my position accordingly, not jumping the gun, but not to delaying it either.

Excellent advice.

- Spydertrader

 

[Spydertrader]

Quote from Spydertrader:

My own personal bias has caused me to avoid the market today. I simply do not trust this rally. As a result, you can count me as one of the 'wait and see mode' folks.

... And sometimes, you end up making the right decision.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1081120>

 

[Spydertrader]

Wednesday Watch List

ASPV CKCM CNTF DXPE FTEK IVAC MIND MTEX TIE TWGP

I plan to watch these stocks throughout the day Wednesday. However, I plan to continue to remain as cautious as today.

- Spydertrader

 

[gooch87]

I have added ANDE to my final universe. Price is high but it meets all of the other requirements.

Gooch87

 

[Spydertrader]

For the second Day in a row, I abstained from entering into any trades. I continue to observe in an effort to find possible entry points later in the day. So far, nothing catches my eye. Anybody trading this market?

- Spydertrader

 

[foible]

I've been trying to avoid looking at the "big picture" (SPY, eminis, etc.) and focus on following the signals. But they're telling me to do nothing. I got two volume alerts for my DU watchlist, but everything is negative and stochastics are in the tank.

For my discretionary trading, I took a couple shorts on TIE which I closed down too soon, but which have still been nicely profitable.

 

[Dano]

Good morning Spyder,


I have been trading, primarily the short side. BMET AKS DECK( great trade yesterday) Had PWEI on my list for short this am if below 26.70 missed it both times.
OPEN was a nice long candidate this am. Good luck the rest of the day.


Dan

 

[mktman]

Spydertrader:

What software are you using for that chart pic?

I assume your still trading through MB any
problems or complaints with them?

 

[Spydertrader]

Quote from mktman:

What software are you using for that chart pic?

I used QCharts for The Dow 30 minute chart posted previously.

Quote from mktman:

I assume your still trading through MB any problems or complaints with them?

Yes. I still use MBT. Their lightening fast executions, superior customer service and discount commissions create a difficult to beat combination. I highly recommend them.

- Spydertrader