I have GIGM as a vol BO and SIRF seems flawed with this morning gap down. SIRF did look textbook before the gap down imo.
Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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I think BITS will be the little engine that could. I'm still waiting for it to spike though.
So far today I bought more BITS. I sold XING, GLW and DXPE.
Finally I entered new positions in:
COGO ACOR CTRN SWFT HWCC
So far today I bought more BITS. I sold XING, GLW and DXPE.
Finally I entered new positions in:
COGO ACOR CTRN SWFT HWCC
STEC is looking interesting.
8833broc, I was wondering if you could give a chart example of how you would use this stop that you posted in J2. TIA
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Quote from 8833broc: I've found that the mechanical exit rules that are well documented in this forum will get you out of trades prematurely. I think a better method would be to draw a trend line, parallel to the channel trend line from the low of the daily close, offset by the offset number for your exits. The trend line is moved on a daily basis to the close of the daily bar offseted by the offset. And as you get closer to the maximim number of days that you want to hold or just to lock in profit then follow the same procedure without adjusting the exit trend line with the offset.
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Quote from 8833broc: I've found that the mechanical exit rules that are well documented in this forum will get you out of trades prematurely. I think a better method would be to draw a trend line, parallel to the channel trend line from the low of the daily close, offset by the offset number for your exits. The trend line is moved on a daily basis to the close of the daily bar offseted by the offset. And as you get closer to the maximim number of days that you want to hold or just to lock in profit then follow the same procedure without adjusting the exit trend line with the offset.
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Update on BITS:
Price continues to climb while volume is on pace to less than Friday's volume level. Per JH's Jokari matrix, increasing price with decreasing volume can signal an imminent change in trend. As a result, I have reduced my exposure in this equity.
Sold 500 in my work account at 9.55.
Sold 800 in my swing trading acount at 9.5475.
I have tightened up my stop considerably on my remaining shares.
- Huskydog
Price continues to climb while volume is on pace to less than Friday's volume level. Per JH's Jokari matrix, increasing price with decreasing volume can signal an imminent change in trend. As a result, I have reduced my exposure in this equity.
Sold 500 in my work account at 9.55.
Sold 800 in my swing trading acount at 9.5475.
I have tightened up my stop considerably on my remaining shares.
- Huskydog
I sold my remaining 800 shares at the end of the day at 9.51 and 9.50. My reasons are noted above, as well as the potential resistance point created by the 4 day trading range from 11/9 thru 11/14. I believe it will take some increased volume to push thru this range, and that volume has not shown up as yet. Since volume levels are trending down instead of up, I decided to book my profits and look for a faster moving trade opportunity.
- Huskydog
- Status