Spydertrader's Jack Hershey Equities Journal II

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Quote from gooch87:

Hit the 2% stop on IIJI and VPHM this morning.

Maybe next time...
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I received a slap from IIJI as well today. I stopped out earlier than 2%, but didn't like catching an FBO just the same. I couldn't get the price I wanted on VPHM, so I never entered the trade. Normally, missing my entry causes me to miss a nice boomer. Today, the miss worked to my favor. Just lucky is all.

- Spydertrader
 
sold my BTUI, 1 batch for a 4% gain and a second for a 5% gain.


missed out on the absolute early high (around 18.50) but i dunno how one can measure that ...

all i know/knew was that i was AWAY from the RTL on the 5 minute...and that's where i want to take profits (away from the RTL)

good stuff.

i will say that i was feeling triggery to take the profit

also, i overlooked it, but had previously made a mental note...the price completed its traverse of the ST channel
 
Quote from Dantheman:

sold my BTUI, 1 batch for a 4% gain and a second for a 5% gain.
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Excellent. Good to see people making money.

I have no trades today. I too only had FORD and PETS in "Dry Up," but monitored a few others equities with (what appeared to be) nice looking charts. However, every chart (8 equities) I monitored headed south within 30 minutes of the open. I noticed (too late it seems) REDF start to move, but wasn't actively monitoring REDF at the time.

I'm wondering if the REDF move appeared on doug's radar screen this morning early enough to make a profit.

- Spydertrader
 
no entries for me either, my DU stocks weren't good looking from an overall standpoint and they didn't trigger anyhow.

the 5 min chart on redf shows a picture perfect representation of the PV relation...you could have easily gone long on that VDU bar (the lowest volume bar there) put a small stop under the RTL and had a nice RvR edge type trade.

i wasn't watching it either though so that's just hindsight.
 
Quote from Spydertrader:

Excellent. Good to see people making money.

I have no trades today. I too only had FORD and PETS in "Dry Up," but monitored a few others equities with (what appeared to be) nice looking charts. However, every chart (8 equities) I monitored headed south within 30 minutes of the open. I noticed (too late it seems) REDF start to move, but wasn't actively monitoring REDF at the time.

I'm wondering if the REDF move appeared on doug's radar screen this morning early enough to make a profit.

- Spydertrader
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Same as you on the regular trades. For the second derivitive trades, a decent day:

8 wins
6 losses
Avg win +1.5%
Avg loss -0.7%

I had 2 wins and a loss on REDF, see attached chart. Again, I missed about half of the late morning move as the exit triggered too quickly.

Also, my brain is getting fried as I try to refine this idea. Currently, I'm trying to figure out a way to incorporate volume into the scheme and am working on adjusting intraday volume for the normal big volume early and late and slow in between distribution of volumes.

I'll post another chart of REDF that shows the percent volume by bar using a 39 minute chart (10 bars/session).

Doug
 

Attachments

One way of doing this is to log daily 30 minute volume bars, then average for a number of days the corresponding bars. I.e. average the 10 am volume bars of the most recent 65 trading days, average the 10:30 am volume bars of the most recent 65 trading days, etc..

You can now draw the chart of the ratio (current_bar / average_bar), for each time slot.
Quote from dougcs:

Same as you on the regular trades. For the second derivitive trades, a decent day:

8 wins
6 losses
Avg win +1.5%
Avg loss -0.7%

I had 2 wins and a loss on REDF, see attached chart. Again, I missed about half of the late morning move as the exit triggered too quickly.

Also, my brain is getting fried as I try to refine this idea. Currently, I'm trying to figure out a way to incorporate volume into the scheme and am working on adjusting intraday volume for the normal big volume early and late and slow in between distribution of volumes.

I'll post another chart of REDF that shows the percent volume by bar using a 39 minute chart (10 bars/session).

Doug
More...
 
I need to head out of town tomorrow morning in order to attend to a family matter. I plan to return in time for the opening bell on Friday. Until then, Good Trading to you all.

- Spydertrader
 
took about a 1% loss in TRID today.

(it wasn't IN DU but was very close, so i may have been too aggressive in having it on my watch list)

at any rate, entry was normal (PRV >= DU)

at around 1:15 we get a BO down on increasing volume which is not what i want to see.

also by this time, FRV is still nearly 1m shs away.

price is forming a symmetrical pennant at BEST, an FBP at worst.

so i wait for price to pullback a little and dump out.

(didn't know price would pullback all the way to my entry...pt 2-3 traverses don't have to fully traverse the channel...nevertheless it did)

that's the only thing that bugs me...that i could have washed out on the pullback, after the BO down. I DID stagger my exit and avoided the 'worst' near term price, so that is a little consolation.
 
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