Target 3 day run.
BOOT:
25.47
target 30
Great weekly breakout.
Closed:
REPH:
Bought from 6.40
Sold 7.42 The mm's tagged me during a low volume period. So I'm out but I can live with the 1.02 in 3 days.
DFS
This hasn't quite broke down. But my options are going to start getting the theta decay kicking in. I thought it would be better to take the small profit and avoid the decay.
Entry .75
Exit .85
Breakout fails. stopped out at 70.05
Shit
Took a huge run on this
2.92. 3.88 in three days. I'm going to take the gains and wait for this to set up again .
Would you mind sharing an article about how to find those 'best performed' stocks mentioned in your blog (strong RSI etc.) ?
ReplyDeleteI can go into more depth, but essentially start with a multi-year RSI high on the Monthly. Here's the big picture for the scan, http://educsos.blogspot.com/2015/03/power-scan.html TI was getting too many stocks at that point so I've since made it 36 bars or 3 years. Think of that as your safety net.
DeleteThen sort by momentum on the daily , The MDT formula, in TC2000 is c/avgc126 keep going down the list until something fits your set up definitions on weekly or daily time frame.
If you're a pull back trader, find the stocks at support, if your a breakout trader find the ones setting up for higher moves set alerts. I've maxed my alerts out (TC2000 gives you 1000) I get emails throughout the day. After I get an email, I look at the chart confirm the timeframe is breaking out. If it is I buy, set the stop and manage risk.
Awesome details. Thanks a lot.
Delete