Thank you for the input. Responding to your points:

1. I don’t think I pay attention to 10/60 anymore. Only thing I am looking at is price and volume. I will create another post about it.

2. In SPAR case, I agree that those trendlines would have been useful. Will keep that in mind.

3. This is another thing I need to work at. Should I set % gain for my trade and exit there OR should I watch the trade and see if it’s working in my direction? See my next post for more thoughts on it. I am still not sure what will be the best way to go.

Anyway, I really appreciate your input on my blog as well as informative posts on your own blog. They are very helpful.

Thanks!
RJ.

1. On JAVA, you’ll notice you had a 10/60 cross to the upside in the afternoon. That would’ve been a good signal to exit and take your profit.

2. I wouldn’t have shorted SPAR where you did. You can see that both trendlines are pointing up, which is an indicator of strength, not weakness.

3. For HSNI, a $6.40 to $5.60 drop is a 14% return on your position. In cases like that, I’ll always take the profit. Also, HSNI is reasonably correlated (60% green/green) with the NASDAQ index, so in a situation like that, it’s best to close and not hold overnight as you don’t know what the whole market is going to do the next day.

I’m getting in the habit of checking the correlations with all 3 major indices (Dow, S&P, and NASDAQ) as some stocks may be closely tied to one but not the others.