Spydertrader's Jack Hershey Equities Journal II

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Whether you profited or experienced a loss as a result of your trading today, always remain focused on proper execution of your trading plan. Profitable trading remains a matter of execution, and not a matter of money. We use money simply as a way of keeping score. Over time, the more accurate your execution, the greater number of dollars flow into your account.

Good Trading Everyone.

- Spydertrader
 
Quote from Spydertrader:

Whether you profited or experienced a loss as a result of your trading today, always remain focused on proper execution of your trading plan. Profitable trading remains a matter of execution, and not a matter of money. We use money simply as a way of keeping score. Over time, the more accurate your execution, the greater number of dollars flow into your account.

Good Trading Everyone.

- Spydertrader
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Excellent observation. Now, onto one of my less accurate executions:

I shorted VIVO today off the open when it surpassed 25k in volume prior to 10am, Stoch was hovering around 0, and MACD was solidly negative. Anyone else take this trade?

I made it a point to tell myself NOT to short anything unless the broader indexes ALL pointed to a negative day, and, looking back on things, only the Nasdaq at the time was modestly negative...the DOW and S&P were both hovering around the unchanged to slightly positive mark....so I violated my own personal rule, and paid the price, as VIVO went nowhere in the end.

I also went long NGPS along with others here, only to be stopped out when it took that midday Nestea plunge.....where did THAT come from?

I'm still long RATE, from last week.....
 
Quote from kming:

I was also looking to enter NGPS but failed to confirm that Slow Stochastic is above 80... Did you check that before pulling the trigger?
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Hi kming,

I did confirm and here is picture of the chart just before I had to leave this morning. I got stopped at 11:39 ET unfortunately.
I wonder why you did not get a signal?

G87
 

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Quote from mrpace:

I also went long NGPS along with others here, only to be stopped out when it took that midday Nestea plunge.....where did THAT come from?
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Looking at the daily chart, the stock is clearly in an uptrend ever since our dude came out of the woods at the end of 2004. However you soon realize this is not the easiest horse to ride. Besides of the amazing daily moves, just by looking at the 15 minutes chart for the last 3 weeks I found a $1.77 and another $1.36 intraday drop.
 

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Quote from gooch87:

Hi kming,

I did confirm and here is picture of the chart just before I had to leave this morning. I got stopped at 11:39 ET unfortunately.
I wonder why you did not get a signal?

G87
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Oh my, I thought I need to look at the day chart to decide the MACD/Stoch figures - thanks for clarifying. BTW, what software should I use to get these charts?

-kming-
 
Quote from kming:

BTW, what software should I use to get these charts?
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You can download a Free Version of Medved's Quotetracker from their web site. You can also find a link within this thread instructing you how to set up the program. I personally use QCharts, but any software program will do.

- Spydertrader
 
I am using medved quotetracker's built-in charts but it only goes back 2 days, and at open it only has 13 bars of historical data. Isn't this gonna cause wrong calculations of MACD and Stochastic indicators?

Thx,
-kming-

Quote from Spydertrader:

You can download a Free Version of Medved's Quotetracker from their web site. You can also find a link within this thread instructing you how to set up the program. I personally use QCharts, but any software program will do.

- Spydertrader
More...
 
Quote from kming:

I am using medved quotetracker's built-in charts but it only goes back 2 days, and at open it only has 13 bars of historical data. Isn't this gonna cause wrong calculations of MACD and Stochastic indicators?
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Using a Stochastics setting of 14-1-3, the opening bar (combined with the 13 bars of historical data) should provide accurate information enabling you to make an appropriate trade decision. I traded this way for over a year. However, you could use a Stochastic setting of 5-2-3 (and change the Stochastic Confirmation to 75 from 80) if you feel more comfortable. Lastly, registering the Quotetracker program enables the ability to use 13 days of backfill data.

- Spydertrader
 
Very helpful as always. Thanks.

Quote from Spydertrader:

Using a Stochastics setting of 14-1-3, the opening bar (combined with the 13 bars of historical data) should provide accurate information enabling you to make an appropriate trade decision. I traded this way for over a year. However, you could use a Stochastic setting of 5-2-3 (and change the Stochastic Confirmation to 75 from 80) if you feel more comfortable. Lastly, registering the Quotetracker program enables the ability to use 13 days of backfill data.

- Spydertrader
More...
 
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