You are most welcome, srvz. I appreciate the contributions you and others like yourself have made to the journal as well. Keep up the great work.
- Spydertrader
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Spydertrader's Jack Hershey Equities Journal
- Thread starter Spydertrader
- Start date
- Status
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You are most welcome, srvz. I appreciate the contributions you and others like yourself have made to the journal as well. Keep up the great work.
- Spydertrader
Sevens - Ones - Zeros
DPTR - ARO - IDSA
SINT - JUPM - PMTI
UTHR - EAGL - BR
ARTC - URBN - KNGT
EWBC - CREE - PAAS
SIE - HTCH - PPDI
OPEN - CRDN - MTEX
TS - TASR - ANT
NAVR - ALDN - ALDN
CYTC - ANT - TASR
Hotlist
TASR
IDSA
ALDN
PMTI
JUPM
NAVR
Watch List
ESMC - DU Cycle - DU5 - DU10 - DU20
NVEC - DU Cycle - DU5 - DU10
UBET - DU Cycle
IDSY - DU Cycle - DU5 - DU10
LWAY - DU Cycle - DU5 - DU10 - DU20
ANIK - DU Cycle - DU5 - DU10
SWIR - DU Cycle - DU5 - DU10
TRMM - DU Cycle - DU5
HANS - DU Cycle - DU5 - DU10 - DU20
LIFC - DU Cycle
EVCI - DU Cycle - DU5 - DU10 - DU20
PETD - DU Cycle
HLEX - DU Cycle
Wealth Lab Equations
ESMC
EVCI
LWAY
TRMM
VSEC
Scores for Above Stocks
ESMC - 0
EVCI - 0
LWAY - 3
TRMM - 5
VSEC - 2
(HRT, VSEC, NVEC, IDSA & LWAY have float outside normal parameters)
DPTR - ARO - IDSA
SINT - JUPM - PMTI
UTHR - EAGL - BR
ARTC - URBN - KNGT
EWBC - CREE - PAAS
SIE - HTCH - PPDI
OPEN - CRDN - MTEX
TS - TASR - ANT
NAVR - ALDN - ALDN
CYTC - ANT - TASR
Hotlist
TASR
IDSA
ALDN
PMTI
JUPM
NAVR
Watch List
ESMC - DU Cycle - DU5 - DU10 - DU20
NVEC - DU Cycle - DU5 - DU10
UBET - DU Cycle
IDSY - DU Cycle - DU5 - DU10
LWAY - DU Cycle - DU5 - DU10 - DU20
ANIK - DU Cycle - DU5 - DU10
SWIR - DU Cycle - DU5 - DU10
TRMM - DU Cycle - DU5
HANS - DU Cycle - DU5 - DU10 - DU20
LIFC - DU Cycle
EVCI - DU Cycle - DU5 - DU10 - DU20
PETD - DU Cycle
HLEX - DU Cycle
Wealth Lab Equations
ESMC
EVCI
LWAY
TRMM
VSEC
Scores for Above Stocks
ESMC - 0
EVCI - 0
LWAY - 3
TRMM - 5
VSEC - 2
(HRT, VSEC, NVEC, IDSA & LWAY have float outside normal parameters)
This morning, our system triggered a buy signal on IDSY as actual volume exceeded calculated dry up volume around 10:00 AM. We had price improvement; both MACD and The Stochastic Indicator held at positive levels. As a result, we make the decision to enter long.
Price: $13.91
MACD: .0012
Stoch: 72.0115
Using the money management guidelines previously discussed, and using a risk factor of 2%, we arrive at a 1250 share size maximum for our trade.
10/27/04 10:12:37 13.90 13.90 13.90 1250
We calculate our targets as:
Stop Loss: $13.10
10% Goal: $15.50
Checking the volume levels for IDSY reveals a picture that MAY result in concern. Based on pro-rata volume , we will continue to watch actual volume levels throughout the day looking to exit the trade if we do not see FRV by EOD.
I hope you find the above information useful.
- Spydertrader
Price: $13.91
MACD: .0012
Stoch: 72.0115
Using the money management guidelines previously discussed, and using a risk factor of 2%, we arrive at a 1250 share size maximum for our trade.
10/27/04 10:12:37 13.90 13.90 13.90 1250
We calculate our targets as:
Stop Loss: $13.10
10% Goal: $15.50
Checking the volume levels for IDSY reveals a picture that MAY result in concern. Based on pro-rata volume , we will continue to watch actual volume levels throughout the day looking to exit the trade if we do not see FRV by EOD.
I hope you find the above information useful.
- Spydertrader
Attachments
No additional stocks previously in Dry Up exceeded their dry up volumes by 11:00 AM, nor did we have any stocks reach FRV by EOD. As a result, we take no action towards purchasing additional equities today.
When IDSY increased by 5% over our purchase price we sold half our shares - locking in profits.
10/27/04 15:04:07 14.71 14.63 14.75 625
An improvement of seventy-one cents per share.
In addition, we move our 'stop loss' point to break even (plus a little to cover commissions) allowing us to prevent any overall loss from occurring on this particular trade.
New Stop Loss: $13.95
IDSY continued to improve in price throughout the course of the day. MACD remains high (.0466), as does The Stochastic Indicator (99.9998). Although actual volume failed to reach calculated First Rising Volume (FRV) by EOD, the levels are close enough using an 'eyeball' of volume on the attached chart to indicate a possible trend continuation. As a result, we take no action - holding our remaining 625 shares at least until tomorrow.
After adding the red trendlines (attached chart), it appears as if we may have to adjust our target price lower if the price point of the upper trendline translates into resistance. We will closely monitor the chart for IDSY tomorrow looking for confirmation. A similar occurrence was observed on UBET 2 weeks ago (10-15-04) when the daily high touched the trendline price point and UBET's price retreated from that daily high (See previous chart posted by Nwbprop). We don't want to make the same mistake twice.
I hope you find the above information useful.
- Spydertrader
When IDSY increased by 5% over our purchase price we sold half our shares - locking in profits.
10/27/04 15:04:07 14.71 14.63 14.75 625
An improvement of seventy-one cents per share.
In addition, we move our 'stop loss' point to break even (plus a little to cover commissions) allowing us to prevent any overall loss from occurring on this particular trade.
New Stop Loss: $13.95
IDSY continued to improve in price throughout the course of the day. MACD remains high (.0466), as does The Stochastic Indicator (99.9998). Although actual volume failed to reach calculated First Rising Volume (FRV) by EOD, the levels are close enough using an 'eyeball' of volume on the attached chart to indicate a possible trend continuation. As a result, we take no action - holding our remaining 625 shares at least until tomorrow.
After adding the red trendlines (attached chart), it appears as if we may have to adjust our target price lower if the price point of the upper trendline translates into resistance. We will closely monitor the chart for IDSY tomorrow looking for confirmation. A similar occurrence was observed on UBET 2 weeks ago (10-15-04) when the daily high touched the trendline price point and UBET's price retreated from that daily high (See previous chart posted by Nwbprop). We don't want to make the same mistake twice.
I hope you find the above information useful.
- Spydertrader
Sevens - Ones - Zeros
FFIV - TASR - OPEN
LSCP - HRT - YHOO
EEFT - URBN - ARTI
MKTW - RIO - PETD
ANT - JUPM - DECK
CRI - CREE - TKC
UTHR - DPTR - PMTI
CNC - EWBC - EAGL
CRAI - MTEX - NAVR
PPDI - JOSB - JOSB
Hotlist
TASR
HRT
FFIV
MKTW
PMTI
JUPM
NAVR
PETD
Watch List
TASR - Du Cycle
HRT - Du Cycle
ESMC - Du Cycle - DU5 - DU10 - DU20
NVEC - Du Cycle - DU5 - DU10
UBET - Du Cycle - DU5 - DU10
CALM - Du Cycle
LWAY - Du Cycle - DU5 - DU10 - DU20
ANIK - Du Cycle
TRMM - Du Cycle - DU5 - DU10 - DU20
HANS - Du Cycle
EVCI - Du Cycle - DU5
Wealth Lab Equations
ESMC
EVCI
TRMM
VSEC
Scores of above Stocks
ESMC - 2
EVCI - 3
TRMM - 4
VSEC - 1
(HRT, VSEC, NVEC, IDSA, LWAY have float outside normal parameters)
- Spydertrader
P.S. Go Bosox!
FFIV - TASR - OPEN
LSCP - HRT - YHOO
EEFT - URBN - ARTI
MKTW - RIO - PETD
ANT - JUPM - DECK
CRI - CREE - TKC
UTHR - DPTR - PMTI
CNC - EWBC - EAGL
CRAI - MTEX - NAVR
PPDI - JOSB - JOSB
Hotlist
TASR
HRT
FFIV
MKTW
PMTI
JUPM
NAVR
PETD
Watch List
TASR - Du Cycle
HRT - Du Cycle
ESMC - Du Cycle - DU5 - DU10 - DU20
NVEC - Du Cycle - DU5 - DU10
UBET - Du Cycle - DU5 - DU10
CALM - Du Cycle
LWAY - Du Cycle - DU5 - DU10 - DU20
ANIK - Du Cycle
TRMM - Du Cycle - DU5 - DU10 - DU20
HANS - Du Cycle
EVCI - Du Cycle - DU5
Wealth Lab Equations
ESMC
EVCI
TRMM
VSEC
Scores of above Stocks
ESMC - 2
EVCI - 3
TRMM - 4
VSEC - 1
(HRT, VSEC, NVEC, IDSA, LWAY have float outside normal parameters)
- Spydertrader
P.S. Go Bosox!
Quote from gallas2:
.... I have two free home-runs right now that truly allow me to take small losses very easily (see attached).
Updating the home-run analogy - this trade now has the potential to become a grand slam.....
It is incredibly tough to sit on your hands and not sell...I had to phone people just to ask them to tell me not to pull the trigger.
These wins are the real strength of momentum trading IMHO -- we wait long periods just hitting singles, chipping away in order to get occassional big wins.
Puts capital in your "mental" trading account as well and allows you to sit through inevitable string of losses with confidence.
FWIW, Bosox win World Series - owned by John W Henry - a CTA trend follower...made his millions in futures --- what a day.
Attachments
Since none of our Watch List stocks exceeded calculated Dry Up Volume by 11:00 AM, we take no action in regards to purchasing new shares today. We continue to hold UBET and IDSY - closely monitoring the IDSY chart throughout the day. As of 12:30 PM, MACD for IDSY remains negative, but rising, and the Stochastic Indicator appears steady at 54. It does not appear as though we will see an increase in volume over yesterday with IDSY at this point in time. We remain patient, and take no action, until the market indicates otherwise.
Gallas2, nice trade you have on. Remaining patient continues to challenge me as well. I often have to 'sit on my own hands' and wait it out in order to keep from breaking my own rules. As I am sure you are aware, sticking to your game plan ensures long term success in this game. Keep up the great work, and thanks for your contributions to the thread.
- Spydertrader
Gallas2, nice trade you have on. Remaining patient continues to challenge me as well. I often have to 'sit on my own hands' and wait it out in order to keep from breaking my own rules. As I am sure you are aware, sticking to your game plan ensures long term success in this game. Keep up the great work, and thanks for your contributions to the thread.
- Spydertrader
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