Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from J AveryCrawford:

Most of my "out of the box" wash trades are with stocks with no rank. ALY has no rank.

I did not trade equities today, but OMRI is something to take a look at.............

JAC
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Thanks JAC...guess i got luck on this one. Got out today with a buck plus gain.

Didnt enter anything this morning as nothing stood out before the cut off time.
 
Hi Group,

my sincere thanks to Mr. Hershey, to Spydertrader and to all participants. These journals provide an easy entry for learning, cover many questions that come up and demonstrate practical application of the methods. A great resource.

Special thanks to Mischief for posting Amibroker code. Your code is very useful and it gave me a smooth start.

After studying the equities journals and doing my research and paper trading I recently began real trading.

Best regards and good trading to all,

Hausse
 
Quote from TokyoWarrior:

Entered long:
BITS @8.08
GRRF @10.92
SPAR @26.43
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Analysis.

BITS: After entering volume fell to low levels during the remainder of Monday's session. This led to degredation in price and it also fell way short of FRV. Therefore I will sell BITS at market open on Tuesday.

GRRF: Again, after entering, volume fell for most of the day and price wasn't really going anywhere. There was a little rally at the end however that allowed for a little profit. The stock fell well short of FRV and I will sell at market open on Tuesday.

SPAR: Everything pointed to SPAR to be the strongest of the trades taken today. Price improved on good volume and FRV was also hit. I will continue to hold my shares of SPAR.

I hope everyone had a good Monday session.
 
Quote from J AveryCrawford:

I entered SPAR and thought abouts BITS. Really wanted to get in BITS, but not enough volume for me.
JAC
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It seems you did the correct thing.
I will certainly pay more attention to volume BEFORE entering a trade in the future.
 
Was watching BITS and PCCC this morning, but they both failed to reach pro rata FRV prior to 11:30, so I am passing.

ININ looked good on the first several 30min bars, but volume never showed up.
 
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