Spydertrader's Jack Hershey Equities Journal II

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Sold half of my position on KNDL and will hold the rest. My first profitable Hershey trade... but I am still in the red because of all the goofy things I did learning this stuff. If the market extends up, things will be good.
 
Stopped out on the TIE signal this morning when price hit my 2% threshold. I only had 100 shares, but banked a loss on the trade of -$110.00 USD.

- Spydertrader
 
Quote from martys:

Sold half of my position on KNDL and will hold the rest. My first profitable Hershey trade... but I am still in the red because of all the goofy things I did learning this stuff. If the market extends up, things will be good.
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Congrats martys
 
Quote from Spydertrader:

Stopped out on the TIE signal this morning when price hit my 2% threshold.
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That 2% stop has been killing me lately so I tried something different with TIE. I set a .40 tailing stop. Stopped out real quick but with a small profit.

I'm also in RATE right now with the same strategy.
 
Quote from Spydertrader:

Stopped out on the TIE signal this morning when price hit my 2% threshold. I only had 100 shares, but banked a loss on the trade of -$110.00 USD.

- Spydertrader
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Spyder,

I took this trade at 857am CST and at an entry price of 54.04 and so far, fingers crossed , have not been stopped out.

DS
 
I am still holding it. I don't like the entry at 54.35. Quickly melt away my KNDL profits.

But usually after an emotional opening. MM will sell the stock at around 10'o clock reversal. I think next time when a stock gap up and extended way outside the Bollinger Band. I am gonna try to buy at 10:20-10:30-ish (after some correction). 60% of the time it will reverse back the other way. I don't know if this is gonna work or I am gonna miss a lot of trades.
 
Quote from martys:

Sold half of my position on KNDL and will hold the rest. My first profitable Hershey trade...
More...

Excellent trade martys. Keep up the great work.

Quote from bdolnik:

That 2% stop has been killing me lately so I tried something different with TIE. I set a .40 tailing stop. Stopped out real quick but with a small profit.
More...

Congrats on the profitable trade. It now appears as 2% was way too tight a margin for this volatile stock. Interesting methodology with respect to your trailing stop. How did you arrive at the .40 number?

Quote from bdolnik:

I'm also in RATE right now with the same strategy.
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I hope the RATE trade works out for you as well.

- Spydertrader
 
Quote from Spydertrader:
Interesting methodology with respect to your trailing stop. How did you arrive at the .40 number?[/B]
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Ummm... I made a mistake :) I had wanted to set the trailing stop at 2%.
 
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