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Thursday, July 9, 2015
Tuesday, June 16, 2015
Monday, June 15, 2015
Gap Strategy
1) Scan for all gappers more 4%
2) Hunt for Catalyst for the gap (earnings, news, PR, etc)
3) Mark out pre-market highs and high of any pre-market flags
4) Prepare order to buy the pre-market highs once the market opens
5) At 9:30am as soon as the bell rights buy the high of the first 1min candle (1min opening range breakout) with a stop at the low of that candle or buy the Pre-Market highs.
The importance of Float Always look for low float stocks.
These will have home run potential written all over them. A stock that has a 10mil share float and trades 1mil share pre-market has already traded 10% of the float. There is an extremely good chance the entire float will be traded during the day once the market is open. These are the type of stocks that can run 50-100% in one day. When we have the right catalyst, float, and retail trader interest, it’s the perfect storm for a big runner.
1) Scan for all gappers more 4%
2) Hunt for Catalyst for the gap (earnings, news, PR, etc)
3) Mark out pre-market highs and high of any pre-market flags
4) Prepare order to buy the pre-market highs once the market opens
5) At 9:30am as soon as the bell rights buy the high of the first 1min candle (1min opening range breakout) with a stop at the low of that candle or buy the Pre-Market highs.
The importance of Float Always look for low float stocks.
These will have home run potential written all over them. A stock that has a 10mil share float and trades 1mil share pre-market has already traded 10% of the float. There is an extremely good chance the entire float will be traded during the day once the market is open. These are the type of stocks that can run 50-100% in one day. When we have the right catalyst, float, and retail trader interest, it’s the perfect storm for a big runner.
Friday, June 12, 2015
Thursday, June 4, 2015
Monday, June 1, 2015
Thursday, May 28, 2015
Thursday, May 14, 2015
Tuesday, May 12, 2015
BREAKOUT
BREAKOUT
A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.
This chart shows a stock that has historically encountered a lot of resistance near $37, but notice how it heads sharply higher following the breakout.
Monday, May 11, 2015
Head And Shoulders Pattern
Head And Shoulders Pattern
1. Rises to a peak and subsequently declines.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.
The first and third peaks are shoulders, and the second peak forms the head.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.
The first and third peaks are shoulders, and the second peak forms the head.
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