Spydertrader's Jack Hershey Equities Trading Journal III

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i have 1,210,152 for the volume from Qcharts. the desired volume should exceed 1,220,348, which is the FRV for this stock. However, i'm holding it too just because it's looking real good right now. It's at its all time high right now... and it just broke through. not to mentioned it ended the day with very large volume on the 30 min chart.... i'm holding it just in case if this decide to run some more and mark a new high at around 19.

:)
 
chiefraven,

Your detailed analysis is excellent. Thanks for the info, as it reinforces things for me as well as anyone else following along later.

I have a datamining background so I'm always looking to see how what I know fits in to this superb methodology.

Currently I've discovered some cyclical related patterns that occur in the 5 min chart. Looking only at stocks that it seems to work well with and further limiting that only to stocks that are on the official watchlist for today, my chief focus was GRRF. So, was I early? Yes. I'm willing to take a bit of a risk to get in for the next day's pop up, assuming GRRF remains in DU for a few days, and it looks like it will for tomorrow.

I decided to skip NVEC and ININ for your same reasons. Per my earlier post, a lot of the decision to maintain a stock on the buy watchlist has to do with the look of the daily and 30 min chart.

So far my experience has been that the Hershey method is very forgiving, at least initially, i.e. a couple of days after entry. You can still wind up taking a hit but that has more to do with managing your trade after entry, then your trade being wrong to begin with.
 
thanks a lot for the complement. It's a real encouragement for me, as i'm just starting to test the system. i hope everything works out for you in that GRRF trade.

i have been goingn through each of the stock in dryup and final universe each night and jotting down what i think of each... for example, i wrote a day or two ago that SYX would be a good hold candidate eventhough i do not have any shares in it... but just hypothetically. I think doing this each night has really helped me progress as i am able to see my prediction come true or go unrealized. And if it did not go the way i'd imagine it, then i have the data right in front of my face to go over why i picked it wrong.

i also had some knowledge when it comes to datamining as well. i was a computer science major and datamining /database were classes i've taken. with perl and pl/sql right? :)
 
I'm out of GRRF now.

Decreasing price, increasing volume, and more large prints to the sell side than I cared to see.

Johnpinochet - would you care to share some of the patterns from the 5 minute you came across?

-Au
 
Bought 1000 shares of HWCC at 25.77 this AM. Thanks to all for confirming the need to keep a close eye on it as a performer.

Any ideas on the move having legs? I like to stay in a few days at a minimum, but by the same token, stocks popping up a buck plus in one day are few and far between.
 
Quote from johnpinochet:

Any ideas on the move having legs? I like to stay in a few days at a minimum, but by the same token, stocks popping up a buck plus in one day are few and far between.
More...

Watch the Left Trend Line (Daily chart) - a good place to exit. Also, note the the most recent low and determine what price point would provide a 20% run from there. No need to allow greed to color your decision.

- Spydertrader
 
Anyone have any thoughts on IAAC? Looks like a nice reversal on good volume after the earnings report. It is also right at the descending RTL, and if the stock trades $20.00 then it will be just over the high for the past 5 trading sessions. MACD histogram is positive and the fast stochastic has crossed above 50. Please see attached chart.

- Huskydog
 

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