You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
- Start date
- Status
- Not open for further replies.
Today was a really crazy day for the markets. Lots of news out that was effecting the markets, but I could really care-a-less what it says. Today it was my TLs, and I holding the world together, creating my own headlines.
The stocks I had at bat were:
Group 7
COGO - short trade
TRCR - short trade
Group 1
IAAC S or L
Grow
Group 0
Lqdt
SNCR - short trade
Pitch
ININ
ICE S or L
GRRF S or L
PCCC
VOL
HOV
NFLX
TRAD short trade
I had one trade that I could execute today and the one I picked was GROW. It was in Dry up the day before. Monitoring it on the 10 minute It hit the bottom of the tape and didn't go lower so I immediately got in at 38.20. Then it started to move up, all was good. Then at 12:00 on a 30min it broke my support clearly, retraced, and then began to get crushed like everything else on my list. Immediately I sold near the low of the lowest prior bar filled 37.85 for a wash trade.
My question is, why out of all the trades with the trend being down did I pick GROW to go long with? Maybe it was my belief that the TL would hold, and the next day it would go from DU to FRV. Or it could have been that the Hershey Method is taught as a long only method, which has clouded my mind, and made me long bias. Whatever it may be, it is very hard for me to place short trades with equities, while with futures its natural. Anyone have any advice on this matter? Maybe there should be a Hershey short only journal called, "A Look at the Darker Side of the Coin." How we capture the whole cycle and make 40% instead of 20%.
In futures we are taught to look at the trend via gaussian bars and price. From there we determine whether to continue to hold or reverse. How come we have not been taught that with equities? Am I missing something?
- Monkman
The stocks I had at bat were:
Group 7
COGO - short trade
TRCR - short trade
Group 1
IAAC S or L
Grow
Group 0
Lqdt
SNCR - short trade
Pitch
ININ
ICE S or L
GRRF S or L
PCCC
VOL
HOV
NFLX
TRAD short trade
I had one trade that I could execute today and the one I picked was GROW. It was in Dry up the day before. Monitoring it on the 10 minute It hit the bottom of the tape and didn't go lower so I immediately got in at 38.20. Then it started to move up, all was good. Then at 12:00 on a 30min it broke my support clearly, retraced, and then began to get crushed like everything else on my list. Immediately I sold near the low of the lowest prior bar filled 37.85 for a wash trade.
My question is, why out of all the trades with the trend being down did I pick GROW to go long with? Maybe it was my belief that the TL would hold, and the next day it would go from DU to FRV. Or it could have been that the Hershey Method is taught as a long only method, which has clouded my mind, and made me long bias. Whatever it may be, it is very hard for me to place short trades with equities, while with futures its natural. Anyone have any advice on this matter? Maybe there should be a Hershey short only journal called, "A Look at the Darker Side of the Coin." How we capture the whole cycle and make 40% instead of 20%.
In futures we are taught to look at the trend via gaussian bars and price. From there we determine whether to continue to hold or reverse. How come we have not been taught that with equities? Am I missing something?
- Monkman
Quote from Monkman:
In futures we are taught to look at the trend via gaussian bars and price. From there we determine whether to continue to hold or reverse. How come we have not been taught that with equities? Am I missing something?
Welcome to the Advanced Level of Equities trading - where all one needs is Price (trendlines) and Volume (Gaussians). Where one searches not for entry and exits, but instead seeks the signals of continuation and change. Equities in and of themselves, do not exhibit all the necessary requirements for SCT Trading. However, they do make for an excellent place to learn. As more individuals begin to approach this level of equities trading, I expect more of the discussion to focus on Gaussians and Trendlines (and of course the FTT).
As always, no one should feel any sort of rush to move forward. When ready, everyone can make the necessary transition. Until then, I'll post some things from time to time to motivate everyone to look deeper.
- Spydertrader
took one trade with inin today, in at 14.93 and out at 14.99
should have got in when the stock broke the down trend around 14.70, but i lagged.
At around 15.00 the stock looked like it hit a top, with increasing volume and the price didn't increase. So then i got out.
should have got in when the stock broke the down trend around 14.70, but i lagged.
At around 15.00 the stock looked like it hit a top, with increasing volume and the price didn't increase. So then i got out.
Attachments
- Status
- Not open for further replies.