Spydertrader's Jack Hershey Equities Journal II

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Quote from rickylc:

after a long wait, FTEK is finally moving for me

still holding shares from last friday

definitely not the approved hershey method on this one

could have improved my entry had i sold off on friday
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Thanks for the heads up. Just jumped in it as I think it looks terrific.
 
I'll add to my FTEK position, if and when it hits $16, the IBD cup and handle pivot point.

Just to emphasize i'm trading this on longer term IBD philosophy rather than strict hershey trading.
 
Quote from rickylc:

in ANDE @ 33.60,
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Nice entry! A bit more agressive than I am, I think.

I was watching that thing all morning, ever since it shot up $1 in the first 15 minutes on relatively heavy volume. I held off taking any positions until it shook out a bit and am long at 33.95.

Also took a small position in COGO at 15.25 (currently the high price of the day :) )
 
yeah, i use the unusual vol on quotetracker, it's a bit more aggressive than that on Qcharts as it uses a 60 day ave vol as apposed to 65 day, thus the ave vol is at times a bit lower.

would still like to see vol build a bit, but the daily chart looks good, a break out of the IT right line.
 
Quote from rickylc:

yeah, i use the unusual vol on quotetracker, it's a bit more aggressive than that on Qcharts as it uses a 60 day ave vol as apposed to 65 day, thus the ave vol is at times a bit lower.
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I'm using the LBDU from the chartscript, but I am using IB's volume data which tends to run a bit higher than QChart. It's automated though, so I'm happy with the trade-off.

I could have gotten in earlier if I took the trade off the 25% Average DU value, but I passed. I'll consider taking small long positions next time, and maybe adding shares if it resignals from LBDU.

Luck.
 
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