Spydertrader's Jack Hershey Equities Trading Journal III

Status
Not open for further replies.
Quote from mischief:

VirginTrader,

It's been my experience that closing next day on open yields superior results for stocks that fail to reach FRV than closing at EOD.

To do this I use an 'OPG' market order (assuming you're trading using IB, not sure if other brokers have similar orders).

BTW, I live in Australia and auto-trade the 'beginner' system as outlined by SpyderTrader at the end of Journal 1. Something similar may work for you during the day while you work. Not sure what setup you have, but it IS possible to automate much of this.
More...

thank you M; I will try that.
 
Quote from thenewguy:

Thanks, and same to you on CRZO!

fwiw (and take this with a healthy dose of salt), it looks to me like CRZO has some room to grow. (see attached).

Thanks,

TNG
More...

NG...
Appreciate your feedback; I do not mind comments at all as it helps me with my journey. Did get stopped out at $26.95:mad: and had a buy stop limit at $27.20 (double dipping again) as I was thinking $27 should be BO as per my chart view. Again, since I cannot monitor the markets during the day, I wonder if this line of thinking is just inviting added risk should I get filled and it reverses sometime during the day.

Attached is my "view". It appears that I may have drawn my trendlines too tight? thoughts anyone? Spyder?

As always, appreciate the feedback.
 

Attachments

Quote from virgintrader:

As always, appreciate the feedback.
More...

If possible, you might want to change the colors of your volume bars to show the black / red colors scheme. Following the Gaussian Formations outlined by Jack provides added insight when determining the location of an FTT. In addition, adding a 'taped' channel for the final two bars of your chart often indicates the location of an 'early exit' in case things go sour in a hurry. Lastly, it might help you to begin to annotate your charts - showing the FTT locations, as well as, Gaussian formations. Doing so may provide you with the added benefit of learning to trade 'between the FTT's' for the future.

Good Journey to you.

- Spydertrader
 
This is long, long over due as I've been following these journals since a couple of months into the 1st one. I just wanted to say how much I appreciate all the work and effort put forth by Jack, Spyder, Mak and all the good people who have have contributed to this effort. I have learned alot and look forward to continuing the journey. Who knows, maybe I'll have something to add myself. Many thanks, -JC
 
DU's for tomorrow: COGO GIGM IAAC NVEC SIM. Chart for SIM looks good as long as it can break above the 20SMA, it's also almost 15% into its next run-up.

Will be watching these as well: FTEK OMRI DXPE LQDT PCCC DTLK BITS
 
Quote from Spydertrader:

.. as well as, Gaussian formations. Doing so may provide you with the added benefit of learning to trade 'between the FTT's' for the future.

Good Journey to you.

- Spydertrader
More...

Thanks Spyder. I am still not clear on the Gaussian; will be doing more reading on that. I have the colored bars on wealthlab charting program but i cannot change it on this:D

Question for anyone: Can the Quotetracker give you DU volume alerts?

Thanks and good trading tomorrow.

I got COGO GIGM IAAC MIKR NVEC and SIM for DU

Im watching REDF CRZO XING ASCA SWFT OMNI HWCC and IAAC
 
Quote from virgintrader:

can Quotetracker give you DU volume alerts?
More...

Yes it can, to set them manually go to alerts and choose column as alert type, the sub window will then offer you additional choices, choose volume and enter the volume level.
 
My DU3 shows the following to watch for today:

ACOR BITS COGO GIGM IAAC MIKR NVEC SIM XING

I think I only differ on ACOR BITS and XING so far.

ACOR may or may not meet criteria. It is an 80/80 stocktables.com stock. I only have a minute to post so I have no time to eliminate it if needed. The other symbols I'm confident that my steps were correct and 100% by the book.
 
Quote from johnpinochet:

My DU3 shows the following to watch for today:

ACOR BITS COGO GIGM IAAC MIKR NVEC SIM XING

I think I only differ on ACOR BITS and XING so far.

ACOR may or may not meet criteria. It is an 80/80 stocktables.com stock. I only have a minute to post so I have no time to eliminate it if needed. The other symbols I'm confident that my steps were correct and 100% by the book.
More...

Well, now with some chart analysis out of the way, I can say I will only be watching:

ACOR BITS COGO GIGM SIM XING

I will look to buy SWFT and/or HWCC again.

The only stock from the watch list that I'll consider buying is ACOR or COGO as I already own the others plus DXPE from last week.

SIM just opened now, 0843 hrs CST. Anyone know why it opened late? It was a little unsettling as I took a large position in it on Friday as I loved the daily chart and the 30 minute on Friday last week.

BTW, it looks like GLW is going to run some more this AM. I commented on it on Friday.
 
Status
Not open for further replies.
Back
Top