Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from Ministop:

Anyone else get in on JASO today? The gap up of 6% worried me but I took the trade anyway at 59.25.
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i'm in and about break even right now.

I was looking at this stock all morning thinking it's a good candidate but waited for the signal before entering. By that time the stock was up a very healthy amount.
 
Quote from Ministop:
Anyone else get in on JASO today? The gap up of 6% worried me but I took the trade anyway at 59.25.
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I only see a 2.9% gap on JASO? Still, I also hung around waiting and eventually got in late at 59.06. Matters were not helped by my trying to get in at around 58.70 and accidentally shorting (!) the stock when I hit the wrong button and before I could reverse it this lost me about $100 and of course it delayed my long fill. :D

I also made and took during the day a small profit of 3% in VSR as it is just so illiquid that I didn't want to risk holding it much longer. Plus I sold yesterday's MTOX for a 4.5% gain.

Suss
 
Still holding on to:

MALL, bought (short) @ 2/11, now +14%
TRCR, bought (short) @ 5/11, now +5%
BKI, bought (short) @ 2/11, now +3%

so far things are looking good :cool:

Thanks to Spyder for his hard work and everyone here.
 
Quote from Munck:

Still holding on to:

MALL, bought (short) @ 2/11, now +14%
TRCR, bought (short) @ 5/11, now +5%
BKI, bought (short) @ 2/11, now +3%

so far things are looking good :cool:

Thanks to Spyder for his hard work and everyone here.
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I have read through some of the journals. I still have lots to read through, but where do you pick up the information on using Hershey to short? Thanks.

Jamey
 
Jamey,


The 'original' stuff in the first journal is a long-only strategy. Somewhere in journal II Spyder switched to using channels and gaussians to specify entry and exit points. By using these tools instead of indicators, you get short as well as long signals.

I recommend taking a look at the first three months of posts in the futures thread. In addition to the equities journals, there are some awesome info posted there by Spyder and others.

Let me know if I can be of any assistance :)
 
hey,

who uses Qcharts + Mbtrading?

If so, has anyone noticed that the prices in qcharts' charts sometimes dont move for minutes while the quote moves just fine?
(i'm running version 5)

they say that i should switch to qcharts 6. but qcharts 6 doesn't allow intergration with mbtrading's navigator for some reason..

i'm so fed up with this... is anyone else experiencing the same thing?
 
On Tuesday I bought JASO at a price of 59.06 and held it overnight until Wednesday. If you were watching you will know that the stock gapped up sharply and continued to rise, briefly passing 62.50 before falling back. I was practising patience so I sat on my hands, watched and waited. The stock then fell for the next few hours, eventually bouncing off the 59.00 line before recovering. The stock is reported to be up 8-10% in pre-hours trading today, Thursday.

So what's the problem? The problem is that on Wednesday with JASO already up 4-5% from my entry point I moved my 2% stop to breakeven - 59.06. As the stop was with IB and not mental, it was triggered and I was out for a wash trade at about 13:25 on Wednesday. I didn't get back in as I felt it would be revenge trading rather than a reasoned entry.

Was this just another of those things of the "shit happens" type? Or am I the one to blame for moving the stop? What would other people have done in such a situation? Left the stop as it was? Bought the stock again? Sold at the early highs due to the gap up...?

Suss
 
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