Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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Well,
I apparently put my stop in with my broker a little too close to the market and was stopped out at 42.75. Still a residual bad habit from daytrading, but I am getting better at it. I ended up making $880.45 on that 500 share position.
There is a lot of money out there once you learn some of the more advanced techniques that Spydertrader and Jack have shared with everyone in the space of these Journals. Thank you very much.
- Huskydog
I apparently put my stop in with my broker a little too close to the market and was stopped out at 42.75. Still a residual bad habit from daytrading, but I am getting better at it. I ended up making $880.45 on that 500 share position.
There is a lot of money out there once you learn some of the more advanced techniques that Spydertrader and Jack have shared with everyone in the space of these Journals. Thank you very much.
- Huskydog
Quote from Huskydog:
Just sold the 500 GROW at 43.54 for a $1545 profit. Ended up buying another 500 in my swing account at $40.9892, which I will hold until at least EOD. Still holding 700 GRRF.
NFLX news (from Briefing.com):
07-Feb-07 17:47 ET In Play Standard & Poorâs Announces Changes to U.S. Indices : Varian Medical Systems (VAR) will replace Equity Office Properties Trust (EOP) in the S&P 500, S&P SmallCap 600 constituent Cerner (CERN) will replace Varian in the S&P MidCap 400, PSS World Medical (PSSI) will replace Cerner in the S&P SmallCap 600, and Extra Space Storage (EXR) will replace Equity Office in the S&P REIT Composite after the close of trading on a date to be announced. Equity Office is being acquired by The Blackstone Group in a deal that is still pending final approvals. Integrys Energy Group, will replace Peoples Energy (PGL) in the S&P 500 and Netflix, (NFLX) will replace WPS Resources (WPS) in the S&P MidCap 400 after the close of trading on a date to be announced. Peoples Energy is being acquired by WPS Resources in a deal that is still pending final approvals. Upon completion of the deal, WPS Resources will change its name to Integrys Energy Group, Inc. and will trade on the New York Stock Exchange under the symbol TEG.
Might be some volatility with this stock at the close. Be careful with it.
- Huskydog
07-Feb-07 17:47 ET In Play Standard & Poorâs Announces Changes to U.S. Indices : Varian Medical Systems (VAR) will replace Equity Office Properties Trust (EOP) in the S&P 500, S&P SmallCap 600 constituent Cerner (CERN) will replace Varian in the S&P MidCap 400, PSS World Medical (PSSI) will replace Cerner in the S&P SmallCap 600, and Extra Space Storage (EXR) will replace Equity Office in the S&P REIT Composite after the close of trading on a date to be announced. Equity Office is being acquired by The Blackstone Group in a deal that is still pending final approvals. Integrys Energy Group, will replace Peoples Energy (PGL) in the S&P 500 and Netflix, (NFLX) will replace WPS Resources (WPS) in the S&P MidCap 400 after the close of trading on a date to be announced. Peoples Energy is being acquired by WPS Resources in a deal that is still pending final approvals. Upon completion of the deal, WPS Resources will change its name to Integrys Energy Group, Inc. and will trade on the New York Stock Exchange under the symbol TEG.
Might be some volatility with this stock at the close. Be careful with it.
- Huskydog
Excellent trade.
- Spydertrader
Just wondering what tipped u guys off to get into GROW. I had it on my watchlist as well but the volume just didnt seem to be there for me. It didnt hit LBDU by 10:30am and wasnt on pace to hit FRV, plus around 11:40am the Vol% was only at about 18%. Can u guys help me out in how u made the decision to enter. BTW excellent trade, i wish i had a piece of it today.
Late entry on GROW. In 200 shares at 41.20.
I'll be holding for awhile. Only regret is that once again I only purchased 200 shares. There were too many choices today so I held off on buying too much of only one.
I put in a buy for ANGN at 16.60 which didn't get filled. It was right at 0953 on the 5 min bar it decided to make its move. I raised it to 17.04 for awhile and then decided I didn't want to chase it.
I bought a little bit (200) of GRRF based on Bruno and a small amount of GIGM (500) based on personal observations of the stock. At all of their highs today, I was up quite a bit, over 1000 USD, but since I hold for at least a day, I'm up but not nearly as much.
I'll be holding for awhile. Only regret is that once again I only purchased 200 shares. There were too many choices today so I held off on buying too much of only one.
I put in a buy for ANGN at 16.60 which didn't get filled. It was right at 0953 on the 5 min bar it decided to make its move. I raised it to 17.04 for awhile and then decided I didn't want to chase it.
I bought a little bit (200) of GRRF based on Bruno and a small amount of GIGM (500) based on personal observations of the stock. At all of their highs today, I was up quite a bit, over 1000 USD, but since I hold for at least a day, I'm up but not nearly as much.
TimDog,
It was a Bruno R setup. On the daily chart, the 5,2,3 stochastic (fast stochastic) had fallen rapidly below 20 (the %K) and had begun to rise, and the MACD histogram was about equal to the centerline. I had my eye on the stock to see if the fast stochastic would cross 50 and generate a buy signal per the Bruno R strategy.
Once I saw the fast stochastic cross 50, I hesitated before entering. If I recall correctly, I think a trader could have picked up stock 30 to 40 cents lower. This was my first Bruno R trade, and I wanted to see how it developed. Basically, I hesitated.
I don't think that it hurt the trade that the stock was in DU either.
I hope that helps.
- Huskydog
It was a Bruno R setup. On the daily chart, the 5,2,3 stochastic (fast stochastic) had fallen rapidly below 20 (the %K) and had begun to rise, and the MACD histogram was about equal to the centerline. I had my eye on the stock to see if the fast stochastic would cross 50 and generate a buy signal per the Bruno R strategy.
Once I saw the fast stochastic cross 50, I hesitated before entering. If I recall correctly, I think a trader could have picked up stock 30 to 40 cents lower. This was my first Bruno R trade, and I wanted to see how it developed. Basically, I hesitated.
I don't think that it hurt the trade that the stock was in DU either.
I hope that helps.
- Huskydog
TimDog,
We have been following GROW for awhile, since Sept or Oct 2006 for me and maybe longer for everyone else.
After following it for so long you begin to know its habits. Take a look at the 30 min chart, and compare that to the other stocks on today's watchlist. Look at the 5 min as well. GROW as well as many of the other Hershey stocks in DU, on a buy watchlist for the day, and about to pop up, all seem to exhibit a certain 5 min pattern. The pattern will vary depending on the indicators you are using as well as their settings. I have the ability to adapt my indicators via a neural network, as well as via an open source data mining tool I use (WEKA), but the standard settings on any of the indicators mentioned here (hint: read the journal) seem to work as well.
By the way, you don't need any special tools with the Hershey method. You can visually inspect any chart and see what Spydertrader is talking about in a matter of seconds. Software tools just help with number crunching and finding patterns in a great deal of stocks.
We have been following GROW for awhile, since Sept or Oct 2006 for me and maybe longer for everyone else.
After following it for so long you begin to know its habits. Take a look at the 30 min chart, and compare that to the other stocks on today's watchlist. Look at the 5 min as well. GROW as well as many of the other Hershey stocks in DU, on a buy watchlist for the day, and about to pop up, all seem to exhibit a certain 5 min pattern. The pattern will vary depending on the indicators you are using as well as their settings. I have the ability to adapt my indicators via a neural network, as well as via an open source data mining tool I use (WEKA), but the standard settings on any of the indicators mentioned here (hint: read the journal) seem to work as well.
By the way, you don't need any special tools with the Hershey method. You can visually inspect any chart and see what Spydertrader is talking about in a matter of seconds. Software tools just help with number crunching and finding patterns in a great deal of stocks.
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