Spydertrader's Jack Hershey Equities Journal II

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Quote from gooch87:

Hi 10k1d
I start on the daily fractal. Like cipherscribe said, the price was approaching the bottom of the channel. So where to enter… I zoomed into the 30 min. fractal, and the indicators were moving in the right direction. (I missed the crucial point that there was no increase in volume. I see it now that I am explaining my trade.) Instead, I zoomed in closer to the 5min. fractal to see what it looked like. There was one pennant and another forming as I watched. I was also watching the size of the orders on level 11 to see where the buyers and sellers were. I really forgot about the big picture at this point. (volume increasing then price trend continues)

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Thank you gooch87, and cipherscribe too.
 
Quote from cipherscribe:

Spyder, what's your thoughts on these stocks?
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ANEN - already have it in my Final Universe
ICE - Looks Good, but may be too high priced for small accounts
LQDT - Low Volume but improving
NVEC - close enough on the float

- Spydertrader
 
september trades attached - if not i pasted the trades. The charts for the biggest winner, GIGM Sept 7, and the biggest loser, NEU Sept 5 look almost identical up till the trade entry days. I was trying to determine a chart pattern that I can avoid these large losers. The best that I can figure out is to avoid chart patterns when there are not 3 points on the charts forming an upward sloping channel. This chart pattern would have helped me avoid some of my biggest losers over the past few months but would not of helped with September's biggest loser.

SEPTEMBER SUMMARY


EZPW 05-SEP-06 1030 $In: 40.8 05-SEP-06 1600 $Out: 41.06 % Pft: .6 DUAVG < 1130
BTUI 12-SEP-06 1030 $In: 12.37 12-SEP-06 1130 $Out: 12.6 % Pft: 1.9 DUAVG > 1130
CBEY 12-SEP-06 1000 $In: 24.46 13-SEP-06 1000 $Out: 24.93 % Pft: 1.9 DUAVG < 1130
EZPW 18-SEP-06 1030 $In: 38.75 21-SEP-06 1530 $Out: 37.57 % Pft: -3 DUAVG < 1130
FTEK 29-SEP-06 1000 $In: 15.06 29-SEP-06 1600 $Out: 14.94 % Pft: -.8 DUAVG < 1130
GIGM 07-SEP-06 1030 $In: 10.1 08-SEP-06 1000 $Out: 11.15 % Pft: 10.4 DUAVG < 1130
JOBS 15-SEP-06 1000 $In: 14.7 19-SEP-06 1230 $Out: 14.38 % Pft: -2.2 DUAVG < 1130
NEU 05-SEP-06 1030 $In: 65.14 07-SEP-06 1000 $Out: 60.5 % Pft: -7.1 DUAVG < 1130
NEU 15-SEP-06 1030 $In: 58.46 15-SEP-06 1130 $Out: 56.84 % Pft: -2.8 DUAVG > 1130

SUMMARY 01-SEP-06 TO 30-SEP-06 DULOW TIME=1030 CYCLES= 5 PROFIT: -1.1 TradeCnt: 9
***
* DU
* Trades %Profit
DUAVG < 1130 7 -.2
DUAVG > 1130 2 -.9
 

Attachments

FYI

BTU International, Inc. (Nasdaq:BTUI) will hold its quarterly conference call to discuss third quarter 2006 results and fourth quarter 2006 outlook on Tuesday, October 24, 2006, at 5:00 p.m. Eastern time (4:00 p.m. Central time).

The dial-in number to participate in the conference call by telephone is (800) 500-0311. This call is being webcast by Thomson/CCBN and can be accessed at BTU's Web site at www.btu.com . An earnings press release outlining BTU's results of operations for the third quarter of 2006 will be issued prior to the call on Tuesday, October 24, 2006, at 4:30 p.m. ET.

EDIT: Also ININ has an earnings release on Oct 23rd.
 
Quote from 8833broc:

september trades attached - if not i pasted the trades. The charts for the biggest winner, GIGM Sept 7, and the biggest loser, NEU Sept 5 look almost identical up till the trade entry days. I was trying to determine a chart pattern that I can avoid these large losers. The best that I can figure out is to avoid chart patterns when there are not 3 points on the charts forming an upward sloping channel. This chart pattern would have helped me avoid some of my biggest losers over the past few months but would not of helped with September's biggest loser.
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8833,

I'm no expert in chart pattern but by looking at your summary, I feel your 09/05 7.1% lose on NUE could be lower if you used a tighter stop, say 5%. I understand how your put the stop really depends on your position sizing strategy. However, I personally feel allowing a single trade to lose >5% for a potential return of <20% is too risky.

Also, your loss on JOBS and another NUE trade happened in the same day and it seems like you didn't employ the 2% stop (Ross') rule.

Hope this helps. Thank you.
 
Quote from 8833broc:

results summary chart

< image >http://www.elitetrader.com/vb/attachment.php?s=&postid=1240289 </image>
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like this
2zdx8om.gif
 
Quote from gooch87:

FYI

BTU International, Inc. (Nasdaq:BTUI) will hold its quarterly conference call to discuss third quarter 2006 results and fourth quarter 2006 outlook on Tuesday, October 24, 2006, at 5:00 p.m. Eastern time (4:00 p.m. Central time).

The dial-in number to participate in the conference call by telephone is (800) 500-0311. This call is being webcast by Thomson/CCBN and can be accessed at BTU's Web site at www.btu.com . An earnings press release outlining BTU's results of operations for the third quarter of 2006 will be issued prior to the call on Tuesday, October 24, 2006, at 4:30 p.m. ET.

EDIT: Also ININ has an earnings release on Oct 23rd.
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Thanks Gooch.

Yahoo is reporting earnings this week for the additonal companies:

ANEN (Oct 26)
DXPE (Oct 25)
NEU (Oct 25)
 
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