Spydertrader's Jack Hershey Equities Trading Journal III
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Depending on how one draws their channels, PRXI experienced a B2B today. PRXI did show up on my PRV report at 11:00 AM this morning though, but I waited. I'm going to wait until it breaks the red channel on higher volume before getting in. IV (implied volatility) is decreasing, which can be a sign that it is more likely to breakout on the upside. Hope someone finds this useful.
VSR was an excellent 1 day trade. I think it's smart also to be cautious when price approaches a red line too, and that's how I would have played it.
Can't agree on the B2B for PRXI though. Clearly 5 down days on dec red to me. But as long as we see the same oppurtunities....
TRA looks ok, needs some good volume tomorrow though. I also wish I could extend my lines, but these charts are a Qtracker historical chart, and while I can get extra space to the right, I can't draw into that area.
Can't agree on the B2B for PRXI though. Clearly 5 down days on dec red to me. But as long as we see the same oppurtunities....
TRA looks ok, needs some good volume tomorrow though. I also wish I could extend my lines, but these charts are a Qtracker historical chart, and while I can get extra space to the right, I can't draw into that area.
My list to watch today, with my own culling process:
First draft:
AVCI BTJ CECE GSAT GSOL ICOC JSDA KMGB LPHI MALL NCTY NGA PRXI ROCM
SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI VSR
Second draft:
Very interested:
KMGB PRXI VSR
Not sure:
AVCI BTJ CECE GSAT GSOL ICOC JSDA LPHI MALL NCTY NGA ROCM SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI
Third draft:
Very interested
CECE KMGB PRXI VSR NCTY
Interested:
BTJ
Not sure:
AVCI GSAT GSOL ICOC JSDA LPHI MALL NGA ROCM SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI
Final draft:
Focus on:
CECE KMGB PRXI VSR NCTY BTJ TASR
Keep an eye on:
AVCI GSAT GSOL ICOC JSDA LPHI MALL NGA ROCM SFLY SIGM SNHY SPAR SNYL TBSI VDSI
Note that I will be applying the standard criteria as summarized in Journal I. The above helps me to focus and not kick myself for missing one that didn't make the standard beginner cut.
First draft:
AVCI BTJ CECE GSAT GSOL ICOC JSDA KMGB LPHI MALL NCTY NGA PRXI ROCM
SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI VSR
Second draft:
Very interested:
KMGB PRXI VSR
Not sure:
AVCI BTJ CECE GSAT GSOL ICOC JSDA LPHI MALL NCTY NGA ROCM SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI
Third draft:
Very interested
CECE KMGB PRXI VSR NCTY
Interested:
BTJ
Not sure:
AVCI GSAT GSOL ICOC JSDA LPHI MALL NGA ROCM SFLY SIGM SNHY SPAR SNYL TASR TBSI VDSI
Final draft:
Focus on:
CECE KMGB PRXI VSR NCTY BTJ TASR
Keep an eye on:
AVCI GSAT GSOL ICOC JSDA LPHI MALL NGA ROCM SFLY SIGM SNHY SPAR SNYL TBSI VDSI
Note that I will be applying the standard criteria as summarized in Journal I. The above helps me to focus and not kick myself for missing one that didn't make the standard beginner cut.
Quote from Haroki:
TRA looks ok, needs some good volume tomorrow though. I also wish I could extend my lines, but these charts are a Qtracker historical chart, and while I can get extra space to the right, I can't draw into that area.
It's true you can't draw into it, but if you right click on the line and select extend right you can extend the lines way out there...
I bought VSR like the others but holding into the weekend since it hasn't reached peak volume.
Also bought CHDX and AVCI this morning when the signal triggered a buy. CHDX has exceeded peak volume in just 1 day so I'll look to exit on Monday.
Looking at EOD volume, several more of the DU stocks have reached FRV, but I'm still following the beginner methods so I'm going to leave those alone.
Also bought CHDX and AVCI this morning when the signal triggered a buy. CHDX has exceeded peak volume in just 1 day so I'll look to exit on Monday.
Looking at EOD volume, several more of the DU stocks have reached FRV, but I'm still following the beginner methods so I'm going to leave those alone.
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