Everyday I prepare a list of stock likely to breakout that day or in next few days and publish it on the Stockbee members site. Today i have following stocks on my list.
Anticipating a breakout gives you an early entry into a breakout. As my account size keeps on increasing I am now spending more and more energy on trying to anticipate breakouts and entering very close to breakout level. Infact I am currently working with someone to make the entire process fully automated so that entry happens as soon as breakout is detected.
In order to generate this list I use a simple 15 minute process flow. The starting point is two scans I run in Telechart .
DOUBLE TROUBLE 1% MOVER SCAN
TI65 1% MOVER SCAN
WHAT TO LOOK FOR IN GOOD ANTICIPATION SETUP
Once a list is generated I reduce it to 3 to 5 candidates to focus on. For them I pre calculate price at which I want to enter the stocks. Then I create orders at those levels if there is capital in account for new position. Or else I create an alert.
If you want to make serious money swing trading following a simple process like this will find you daily opportunities.