Spydertrader's Jack Hershey Equities Journal II

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Hi folks
I'm following you and the market with my laptop, stuck in my bed with a strong fever :mad:
No trading for me in this conditions

Hope everything is well for all of you.

Have fun on the beach SpyderT :cool:
 
Quote from mark1:

Hi folks
I'm following you and the market with my laptop, stuck in my bed with a strong fever :mad:
No trading for me in this conditions

Hope everything is well for all of you.

Have fun on the beach SpyderT :cool:

Sorry to hear you continue to fight off the Flu Bug. Get plenty of rest, and I hope you get well soon. The market will be here when you return. PETS has continued to cooperate nicely for me, but I have no plans to hold it beyond tomorrow (due to my departure for warmer weather). Ironically, current volume totals indicate PETS should make FRV by end of day.

- Spydertrader
 
Quote from Spydertrader:

Sorry to hear you continue to fight off the Flu Bug. Get plenty of rest, and I hope you get well soon. The market will be here when you return. PETS has continued to cooperate nicely for me, but I have no plans to hold it beyond tomorrow (due to my departure for warmer weather). Ironically, current volume totals indicate PETS should make FRV by end of day.

- Spydertrader

Hey Spydertrader,

What made you decide to buy PETS? I had the stoch below desired levels when my signal was triggered....

Thanks,

- The New Guy
 
Quote from thenewguy:

What made you decide to buy PETS? I had the stoch below desired levels when my signal was triggered....

My charts showed a Stochastic Divergence to the upside prior to the volume signal generation. Since PETS appeared on my watch list, I anticipated improved volume levels pushing the price higher. I hadn't really planned to trade today (still packing and running other errands before tomorrow's departure to a warmer climate), but I figured a few shares on a Fourteen Dollar Stock couldn't hurt my equity curve too significantly if I anticipated incorrectly. So far, it appears I anticipated correctly. However, I do not plan to hold beyond tomorrow no mater how well the stock performs.

- Spydertrader
 
Quote from Spydertrader:

PETS - I purchased a small amount of shares (200) @ $14.07 USD.

- Spydertrader
Woops, I missed on that but definitely a very good setup. Congratulations.
 
Quote from Spydertrader:

My charts showed a Stochastic Divergence to the upside prior to the volume signal generation. Since PETS appeared on my watch list, I anticipated improved volume levels pushing the price higher. I hadn't really planned to trade today (still packing and running other errands before tomorrow's departure to a warmer climate), but I figured a few shares on a Fourteen Dollar Stock couldn't hurt my equity curve too significantly if I anticipated incorrectly. So far, it appears I anticipated correctly. However, I do not plan to hold beyond tomorrow no mater how well the stock performs.

- Spydertrader

Excellent, thanks for the recap and good trade!

- The New Guy
 
I bought PETS at 9:50AM CST at 14.13; I showed it meeting all requirements. I agree with Spyder that volume looks like it will exceed FRV today.

Nice to see that this method works even when the overall market is enjoying a nice down day.

Doug

ps to Spyder: enjoy the beaches and forget the market while you do so.
 
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