2. Watch Twitter intraday for Breakouts from reliable inputs.
3. Triangle Breakouts on above the trendline + vol.
4. Daytrading breakouts on 0.01 above the day high + vol.
5. Swing decisions only on EOD data.
6. On entries confirm by submitting to others for charting.
7. Don't by at open without a limit order
8. Cut bad trades as soon as they move against you.
9. Exit day trades on huge volume spike @ doji except when goes parabolic IE SNSS then exit @ low of previous bar on 5 min.
10. Even on fades in vol better to exit/take profits and find another play IE CENX to SNSS.
11. Look to enter positions based upon pre market volume if they are up on the breakout plays, used for narrowing results. This does not apply to AMEX as NEP gapped up and ran on a breakout and had no morning volume. Still set limit at just above previous day's high.
12. Look for red to green on High Day Rangers or green to red for short. SNSS Excellent example went green on the open and 30-40 min later went red to green for a follow through in a parabolic top.
13. Scans I like the most:
- 8% gainers, cherry pick adr 30 look for pre market vol and slight gap up or red to green and at resistance
- 15% gainers over 2 days (short) look for green to red NLST great example
- Red outside upper bollingerband look for gap down next day on premarket vol.
- Standard breakout scan w/ premarket vol.
- High ADR general scan (supplemental)
15. Breakouts are also best from a really consolidated base NLST, SNSS, GGR etc. bounce plays are much harder to pick because dont know if continuation will occur.
16. Bounce plays cause short covering rallies and only if it breaks the trendline/reaches capitualtion.
No comments:
Post a Comment