...Don't forget about JADE...
Spydertrader's Jack Hershey Equities Trading Journal III
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...Don't forget about JADE...
Sold NGA today at $9.02 on a BRUNO R Sell when volume approached LBDU within the first 5 or ten minutes of the open. MACD was negative on 30 minute chart. Daily looked like nice setup. Stochastic(5,2,3) looked good. Ended up gettin out when it ran up past yesterdays close for a $25 loss on 100 shares at $9.27. Can an experienced trader please share his thoughts, likes, dislikes, on this trade?
Got in FRG today for a considerable lost. Got out when it passed the previous days close of 12.86. Wondering if anyone else got in or if anyone is even still posting on this board because I have been the only one to post over the last three days. Am I the guy who didnt know the party was cancelled??
Im busy hating life over how bad I messed up my SNCR trade 
I avoided the FRG trade because it was on the LTL. Looks like thats about the only thing I did right all day.
I avoided the FRG trade because it was on the LTL. Looks like thats about the only thing I did right all day.
I too traded FRG tho I should not have done so. The Stochastic 14 was not > 80 and I should not have entered. I jumped the gun and that was a mistake.
I also know that I should be cautious on Market down days - which today certainly was.
Quote from nicepair111:
Im busy hating life over how bad I messed up my SNCR trade
I avoided the FRG trade because it was on the LTL. Looks like thats about the only thing I did right all day.
Yea I totally agree that was the one thing holding me back when I got in. It was hugging the LTL but I figured if it broke out it would have been considerable in profits. Much rather have it hugging the RTL though. Although I did have it at greater than 80 stochastic at time of LBDU signal, wonder why theres mixed results on that end.
I took this trade because I have also noticed a lack of dry up signals lately and have been looking for other entries.
On Tuesday, the price formed a possible FTT of the up channel so I drew in a possible down channel (Orange). On Wednesday, the price moved up to the RTL of that down channel. I entered near the close on Thursday at $35.35 because it had broken out of that possible down channel. I used the low from Wednesday as a point 3 and drew in a new up traverse (Green). I was hoping to ride this traverse all the way to the LTL, or at least for a few days. Additionally, the daily Stoch(14,1,3) had just crossed over 80 which seemed like a pretty good confirmation. I exited early this morning as the price began to plunge and went through the RTL of my up traverse at $34.67.
It appears that almost immediately after I exited, the price stabilized and began to creep back up, eventually closing for a gain at $35.50. It also appears to have only barely breached the RTL of my up traverse. After I exited for a loss $.68 per share, I assumed that I had just made a bad trade based on my ignorance of the more advanced methods. Now that I see what happened after my exit, I think I was probably right to take the trade and that I simply exited near the bottom. Either way, I have a lot to learn.
Anybody have any comments or suggestions? Was this a stupid trade or just a stupid exit? Or is this just something that happens to everybody sometimes?
Hopefully my chart gets attached this time.
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