Too Easy.
Thanks heaps Clym.
Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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Too Easy.
Thanks heaps Clym.
In GSIC and BTUI this morning. Lets see what happens.
I know a few of you caught GROW this morning (ddude, SVRZ and H). Nice trade guys. Keep up the great work.
- Spydertrader
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- Spydertrader
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Hi, Spyder. Wonderful Jobs!
I have been following these discussions for more than six months and absorbing as many materials embeded in the Journal I & II. I start the paper trading from today and I target to trade with this methodology in real Money starting in May.
Could you post your final universe for comparison? Thank you!
I have been following these discussions for more than six months and absorbing as many materials embeded in the Journal I & II. I start the paper trading from today and I target to trade with this methodology in real Money starting in May.
Could you post your final universe for comparison? Thank you!
BITS COGO DTLK FTEK GROW GRRF HWCC IAAC ININ LQDT MIKR NVEC OMRI PCCC RATE SIM SIRF SNCR SYX XING
- Spydertrader
All Times Eastern ....
- Spydertrader
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- Spydertrader
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NVEC finally broke out today on some nice volume, but then came crashing down as the day went on. With the actions of this stock what is the trader suppose to think, and what is the trader suppose to look for with respect to continuation increasing price trend?
My chart below shows a continuous pattern of B/\R. The vol today was extremely high which makes me think that this is an FTT and we are going to have another test of the RTL (decr red) or we will experience decreasing black while hitting the LTL. How does my thinking compare to yours?
Thanks,
Monkman
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1404860>
My chart below shows a continuous pattern of B/\R. The vol today was extremely high which makes me think that this is an FTT and we are going to have another test of the RTL (decr red) or we will experience decreasing black while hitting the LTL. How does my thinking compare to yours?
Thanks,
Monkman
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1404860>
I have yesterday's daily bar as an FTT if price tomorrow takes out today's high. In my channel the LTL is at 31.58. With my risk management controls I would be risking $250 to make about $120. Not very appealing but if it breaks strong I am long. If I miss the initial breakout I do not chase the price. I always place limit orders so it will need to hang around 28.71 long enough to get on board. It must also have some volume working for it. I like to see unusual volume of about .20 or higher if it occurs within 90 minutes of the open.
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