Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from CDNPatriot:

Anyone have what is called the Big Moose file? Link in Journal 2 no longer working.
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I have it but it's 67 pages, too big for an ET attachment - I can email it if you like.

Now that you've reminded me of it, I think I'll reread it and see what I missed the first time...

-palinuro
 
Quote from palinuro:
I have it but it's 67 pages, too big for an ET attachment - I can email it if you like.
Now that you've reminded me of it, I think I'll reread it and see what I missed the first time...
More...
Would it be possible to upload it somewhere? I would very much like a copy if it's not inconvenient.

Suss
 
FINAL UNIVERSE CHANGES:

NEW : NONE
RE-ADDED : SYNL ULTR
DELETED : AVCI AZZ GROW

CURRENT :
AFSI ARGN BKI BTJ CALM CHDX DRYS EMS EXM FMCN FRPT FTK GLNG GMCR GRRF GSAT GSOL ICOC JADE JASO JRJC JSDA KMGB MALL MTOX NFI NGA PTT SFLY SIGM SNCR SNHY SOLF SYNL TASR TBSI TRCR TSL ULTR VDSI VSR

EARNINGS THIS WEEK : BKI TASR

Anyone have a different FU?
 
In CRNT at 16.68. Nasty open but waited until it started on the way back up and the signals were hit. Earnings providing momentum? Happy to wait for now, stop in slightly above entry...

Suss
 
Quote from Susukino:
In CRNT at 16.68. Nasty open but waited until it started on the way back up and the signals were hit. Earnings providing momentum? Happy to wait for now, stop in slightly above entry...
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Sold half at 17.93, following numerous past examples of Spyder locking in profits in some positions. The stock looks good but the market is nasty and the position was up 7.5% so decided better safe than sorry.

Suss
 
Can I ask the panel about this kind of entry. If I remember correctly when CRNT hit the lower band of DU this morning all the signs were negative but volume was tremendous. I sat and waited. Then the signs went positive, at which time I think volume was around 130% of LB. My reasoning was that there was good news, the stock was rising in a bear market and volume was very strong. To me that counted for less than the signals not firing exactly when LB was hit (although let's be clear that I felt unsure enough at the time).

In reality it turned out OK - this time. In theory, should I have gone for it or have people generally found that this is a path to FBO? Any comments? Spydie?

TIA
Suss
 
FWIW, it sounds like you made a sound decision.

Hitting LBDU is not a buy signal, but rather, the indicators are a buy signal, and if volume is "right" at that time and follows through throughout the day, then it's a hold.

Regardless of that, you can still have an FBO and you need to get out. Sometimes it just happens.
 
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