Spydertrader's Jack Hershey Equities Trading Journal III

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

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  1. hwcc chart
     
    #491     Feb 13, 2007
  2. lqdt chart
     
    #492     Feb 13, 2007
  3. mikr chart
     
    #493     Feb 13, 2007
  4. sim chart
     
    #494     Feb 13, 2007
  5. syx chart
     
    #495     Feb 13, 2007
  6. uctt chart

    sorry for the flood of messages guys. i hate how you can't attatch multiple files into one post. :(
     
    #496     Feb 13, 2007
  7. Hey Chief..
    MIKR is being bought out...
     
    #497     Feb 13, 2007
  8. FYI:

    Don't stress too much about stocks losing rank and what is the official final universe.

    I keep pace with Spydertrader's final universe and I also maintain my own list of stocks that include virtually every stock that has been a member of the universe at one time or another (plus some others). My list, call it my Plan_B list, has roughly 310 stocks.

    Every AM prior to market open, I run the DU 3 month chartscript that everyone else has, via wealthlab. The list of DU stocks it returns for the official final universe and the Plan_B list is almost always the same. When there are more stocks via the Plan_B list, I'm usually able to quickly disregard them via a casual glance at the chart. If I can't instantly dismiss them then they go into a secondary watchlist for the day, with the primary watchlist being the official Hershey DU stocks for the day.

    In conclusion, don't worry too much if your official universe list is missing a stock or two, or has one or two more than it should. 99 percent of the time you'll match everyone else after you get to DU.
     
    #498     Feb 13, 2007
  9. Here are my DU stocks for today:

    GRRF ININ NVEC

    Here are my Plan_B stocks:

    ALXA ANGN

    Plan_B = outside the box
     
    #499     Feb 13, 2007
  10. [ BITS ] triggered a signal for me a little before 11 o'clock. I was hoping it would exceed dryup low band by 10:30am, but that didn't happened.. however, since this stock is at the bottom of its uptrend channel and is also a Bruno R setup, i felt pretty confident stretching the original plan to enter only if dryup was reached by 10:30.

    In addition, the price was in the bottom of the channel the night before. as a matter of fact, it bounced backed into the channel after stepping outside of it for a brief period.

    By EOD today, BITS did reach FRV and volume was higher than the day before. As a result, i held on to this trade and will closely monitor this one tomorrow.

    Please see attatched chart. And please feel free to let me know of something i may have missed.
     
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    #500     Feb 13, 2007
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