Spydertrader's Jack Hershey Equities Journal II

Discussion in 'Journals' started by Spydertrader, Oct 4, 2005.

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  1. sorry graphs are not showing up. Not sure why?
     
    #3851     Oct 21, 2006
  2. 8833,

    It would be useful to see a list of your actual trades, entries and exits. Just looking at a summary doesn't allow one to learn much.
     
    #3852     Oct 21, 2006
  3. 10k1d

    10k1d

    Thank you gooch87, and cipherscribe too.
     
    #3853     Oct 21, 2006
  4. ANEN - already have it in my Final Universe
    ICE - Looks Good, but may be too high priced for small accounts
    LQDT - Low Volume but improving
    NVEC - close enough on the float

    - Spydertrader
     
    #3854     Oct 22, 2006
  5. september trades attached - if not i pasted the trades. The charts for the biggest winner, GIGM Sept 7, and the biggest loser, NEU Sept 5 look almost identical up till the trade entry days. I was trying to determine a chart pattern that I can avoid these large losers. The best that I can figure out is to avoid chart patterns when there are not 3 points on the charts forming an upward sloping channel. This chart pattern would have helped me avoid some of my biggest losers over the past few months but would not of helped with September's biggest loser.

    SEPTEMBER SUMMARY


    EZPW 05-SEP-06 1030 $In: 40.8 05-SEP-06 1600 $Out: 41.06 % Pft: .6 DUAVG < 1130
    BTUI 12-SEP-06 1030 $In: 12.37 12-SEP-06 1130 $Out: 12.6 % Pft: 1.9 DUAVG > 1130
    CBEY 12-SEP-06 1000 $In: 24.46 13-SEP-06 1000 $Out: 24.93 % Pft: 1.9 DUAVG < 1130
    EZPW 18-SEP-06 1030 $In: 38.75 21-SEP-06 1530 $Out: 37.57 % Pft: -3 DUAVG < 1130
    FTEK 29-SEP-06 1000 $In: 15.06 29-SEP-06 1600 $Out: 14.94 % Pft: -.8 DUAVG < 1130
    GIGM 07-SEP-06 1030 $In: 10.1 08-SEP-06 1000 $Out: 11.15 % Pft: 10.4 DUAVG < 1130
    JOBS 15-SEP-06 1000 $In: 14.7 19-SEP-06 1230 $Out: 14.38 % Pft: -2.2 DUAVG < 1130
    NEU 05-SEP-06 1030 $In: 65.14 07-SEP-06 1000 $Out: 60.5 % Pft: -7.1 DUAVG < 1130
    NEU 15-SEP-06 1030 $In: 58.46 15-SEP-06 1130 $Out: 56.84 % Pft: -2.8 DUAVG > 1130

    SUMMARY 01-SEP-06 TO 30-SEP-06 DULOW TIME=1030 CYCLES= 5 PROFIT: -1.1 TradeCnt: 9
    ***
    * DU
    * Trades %Profit
    DUAVG < 1130 7 -.2
    DUAVG > 1130 2 -.9
     
    #3855     Oct 22, 2006
  6. #3856     Oct 22, 2006
  7. gooch87

    gooch87

    FYI

    BTU International, Inc. (Nasdaq:BTUI) will hold its quarterly conference call to discuss third quarter 2006 results and fourth quarter 2006 outlook on Tuesday, October 24, 2006, at 5:00 p.m. Eastern time (4:00 p.m. Central time).

    The dial-in number to participate in the conference call by telephone is (800) 500-0311. This call is being webcast by Thomson/CCBN and can be accessed at BTU's Web site at www.btu.com . An earnings press release outlining BTU's results of operations for the third quarter of 2006 will be issued prior to the call on Tuesday, October 24, 2006, at 4:30 p.m. ET.

    EDIT: Also ININ has an earnings release on Oct 23rd.
     
    #3857     Oct 22, 2006
  8. 10k1d

    10k1d

    8833,

    I'm no expert in chart pattern but by looking at your summary, I feel your 09/05 7.1% lose on NUE could be lower if you used a tighter stop, say 5%. I understand how your put the stop really depends on your position sizing strategy. However, I personally feel allowing a single trade to lose >5% for a potential return of <20% is too risky.

    Also, your loss on JOBS and another NUE trade happened in the same day and it seems like you didn't employ the 2% stop (Ross') rule.

    Hope this helps. Thank you.
     
    #3858     Oct 22, 2006
  9. nkhoi

    nkhoi

    #3859     Oct 22, 2006
  10. Thanks Gooch.

    Yahoo is reporting earnings this week for the additonal companies:

    ANEN (Oct 26)
    DXPE (Oct 25)
    NEU (Oct 25)
     
    #3860     Oct 23, 2006
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