News can lead to big breakouts, and often big breakouts start with some surprisingly good or bad news. TSLA is a good example of that yesterday. A big analyst upgrade by Morgan Stanley in pre-market acted as a catalyst for this move.
Tracking news can help you find big winners if you develop a systematic process to identify such opportunities in pre-market. A daily focus on news can help you find good trades.
CAT
JPM
ZS
RCL
PSTG
SGH
CLS
AFRM
CUK
CCL
MDB
TIGR
DBX
VRT
XP
APP
UPWK
MMYT
SG
CFLT
IOT
DLO
SPLK
PDD
MRVL
RXST
NET
GKOS
BILL
VRTX
VEEV
MELI
Just wanted to give my thanks to @easyguru and everyone putting in hard work on the site. I've been trading for several years but I've learned more in the past 4 weeks than the last four years of doing it on my own. There is a staggering amount of value here. I honestly can't thank you enough.
My account grew 15.6% in August, and if we have similar or better conditions in September, I think I can do better.
DAKT and WDFC are the kind of quick profit opportunities you can find in the earnings season.
Earnings beat estimates and it is not a widely followed stock.
Many such opportunities present themselves during earnings season.
When you are not making money you have some issues and identifying each of those issues and finding a solution can help you become a profitable Trader.
On the member site, we've been running since yesterday a series of Zoom meetings with Traders to discuss this project of improving your trading in 30 days.
When you look at this kind of idea, you'll see that you can find people's problems are of four types.
Setup Problems
Process problems
Situational Awareness Problem
Trader Problem
Traders have problems because of a lot of prayers; they have found a setup found the process they know when to trade their setup, but they continuously fail to execute well because their personality profile is their personal problems interfere.
Trader problems are difficult to fix because they involve the person himself doing something which might be reflecting, which might be clearing your mind clarity which might be to create a framework which might be to find an innovative creative solution to his problem.
This is something that you have to work on to make it profitable, and this is one of the struggles which every struggle Trader goes through.
Every quarter the earnings season leads to a handful of companies. Surprising the markets big or disappointing the markets. These companies are rewarded by the market. Some make 50 to 300% or more moves in the next few months or quarters.
If you set up a way to systematically track earnings winners during this period, you can find such big winners. Even if you miss the first-day move, many of these make big moves later after a brief pullback or consolidation.
Earnings or sales surprise is what is most important to find such moves. This works best on stocks where the market has very low expectations.
The tools required to find such earnings winners are free. What is important is to have a systematic daily process to find them.
If you want to profit from such big moves you can study my previous posts on this blog about Episodic Pivots and Earnings.
I am often asked when is the next BootCamp. Here are the dates for next BootCamp for Stockbee members.
Date: June 23 - 25, 2023
Time: Fri—Sat, 9am to 8pm, SUN 9am to 1pm
Meals: Lunch and snacks
Venue: Stockbee Office
Address: North Brunswick Township, NJ 08902
This boot camp is not for those who want a relaxed 3-day retreat where they will sit back and be entertained. Don't bother with it if you are not willing to kill yourself for 3 days. It is for those who want to actively learn and enhance their self-efficacy beliefs. You can ask previous participants about their experience.
What a great experience! Attending an "in person" Bootcamp has been on my personal bucket list for a while and I would encourage everyone to attend one if possible. I was surprised at the number of multiple bootcampers in attendance and the distances some people traveled to attend. In person attendance just improves your Mind Clarity. I heard this same comment from several attendees.
After taking a few days to let everything sink in, I was pleasantly surprised by the simplicity of the message and how EG has taken his current swing methods to apply to longer term positions. I am excited to get this process going with less screen time and less trading.
EJ
The most important determinant of your success in trading or in your personal life is your self efficacy beliefs.
People and families with high self efficacy beliefs build successful life and are happy.
If you talk to successful traders and interacted with them on regular basis ( and many are members here), one of the most compelling reason why they are successful is they have high self efficacy beliefs.
Because of their high self efficacy beliefs they figured out profitable ways to trade. No one gave them a 1000 pages manual on trading or held their hands when they were taking baby steps in trading. They figured out things for themselves.
Almost every successful trader I know of has developed their unique style because the changed their self efficacy beliefs.
The days, the months , and the years they spent trying out different things and failing at it or losing money further enhanced their beliefs in their own capabilities.
When you commit to certain thing and surround yourself with like minded people your self efficacy get enhanced.
People's conceptions about themselves and the nature of things are developed and verified through four different processes: direct experience of the effects produced by their actions, vicarious experience of the effects produced by somebody else's actions, judgments voiced by others, and derivation of further knowledge from what they already know by using rules of inference. (Albert Bandura)
This you will find to be true in all walks of your life. If you surround yourself with highly motivated and high self efficacy belief holding people you will find your own belief in your own capabilities get enhanced.
If you work in a group dedicated to enhancing self efficacy beliefs you will often be surprised at how much you can accomplish in short period of time.
The most important determinant of your trading success will be your self efficacy beliefs. It might take some few days to understand that and some years. But once your self efficacy beliefs about trading change things start to happen.
Once that is in place your self talk will change to "hey I can do this", "hey I don't have all the answers but I am confident of finding the answers", "hey I know how to bounce back from setbacks" .
When you attempt trading some find early success and some find early setbacks. That experience sets your self efficacy beliefs.
Some people give up believing markets are too difficult or manipulated or beyond my understanding . Their self efficacy beliefs dictate their behavior.
Self efficacy beliefs are task specific. In trading implication of that is your self efficacy beliefs are setup specific. that is why you will find a trader successful in one style or time frame can often struggle on another setup or style.
Once your self efficacy beliefs specific to trading a setup change you will start experiencing success. That does not mean you will not have setbacks. If you have high self efficacy you will find a method. If you don't have it, even the most profitable method will not work for you and you will keep finding faults with methods.
Self efficacy beliefs is the biggest determinant of your trading success. Unless you work on self efficacy you will find many inhibitors and will be constantly dissatisfied with any method, guides, videos, or instructions, or site. You will constantly chase new methods, new scans, new claims, new gurus, new newsletters, and so on.
Psychologist have found that self-efficacy beliefs help determine how much effort people will expend on an activity, how long they will persevere when confronting obstacles, and how resilient they will be in the face of adverse situations. The higher the sense of efficacy, the greater the effort, persistence, and resilience.
Profitable trading involves all these challenges. You need to put in lot of effort to understand and internalize key concepts like equity selection, entries, exits, risk, risk/reward and then put it all together. In the process you will have several setbacks and false starts. If you have enhanced self efficacy beliefs you will persist in face of such adversities. If you have high sense of self efficacy beliefs then you will spend time mastering trading software, and mastering trading setups and make them work. Absent that you will abandon your effort at first hint of failure.
The research on self efficacy belief shows that self efficacy beliefs can be quickly enhanced by vicariously experiencing others perform a task. This is very important thing to understand in group settings. If you find like minded group you can save years of experimentation and struggle by watching others do things successfully.
Everyday think of how you can enhance your trading related self efficacy beliefs. Surround yourself with people with high self efficacy beliefs. Cut ties with whiners and low self efficacy belief people.
This works for trading as well as for personal and family life.
Anticipation watchlist for today
XP
DICE
ICPT
DRS
AEM
DV
AXSM
SAGE
HEAR
SLM
FTS
ROIV
TSEM
AMRK
JPM
ALKS
ISRG
LH
Stocks with high short interest often make explosive short-term moves when they break out. Shorts scramble to cover, leading to big buying stampedes.
EYPT is a recent example of one such stock
When looking for anticipation setups, I am casting a wider net. Later in the morning, before open I reduce the list to just a handful of tickers to monitor. Sometimes keeping stock in the list while it is still setting up for breakout allows you to monitor it and enter as and when it starts to show signs of a breakout.
AXON
AXSM
COST
LIN
ANSS
JAKK
AMD
ENPH
XP
DEN
OMER
PKG
NVAX
GETY
TGH
SWBI
PG
ERX
INMD
AMRK
AUPH
MBI
GFAI
GSL
GNW
HCA
OVID
TECH
LH
SLGC
CHDN
HBIO
CHD
WCN
LOVE
FTS
EBIX
ACN
AMGN
ARLO
TRI
ARCT
ROL
MKC
DV
STNE
BKD
INZY
APP
SCLX
ARQT
ENSG
DNMR
BUR
CVAC
AVDL
SCYX
CRSR
ALKS
DTC
ABCM
SANA
FANG
VERX
TSEM
CASY
SBGI
WM
EHC
WOR
LLY
PXD
FDX
FICO
SWAV
UAL had an excellent high-volume move after earnings. Earnings can often lead to big moves. This stock had low expectations pre-earnings, so it reacted positively.
Creating a watchlist of stocks likely to break out and monitoring them during the first 30 minutes of open allows you to enter many breakouts early.
Early entry on breakouts can reduce risk and increases profits as you also capture the first-day gains, and stops can be made breakeven soon.
This is my watchlist for the next few days; I keep adding or deleting this list daily.
https://www.tc2000.com/~1BLxaS
AXON
ERX
FANG
APD
LIN
XP
LOVE
DEN
PG
FMC
OMER
INZY
PRCT
ARCT
GETY
SCYX
EHC
JAKK
PDSB
CVAC
APP
ARLO
OVID
PR
SLGC
BUR
FTS
HBIO
ABC
CRSR
SPOK
SBGI
OSUR
KC
DNMR
HCSG
BGNE
TDC
NVAX
GATO
TGH
ARQT
MBI
ICE
VERX
EBIX
INMD
AVAV
FDX
WTW
UNP
EOG
WCN
HCA
AMD
ANSS
AMGN
FIVN
MCK
ALNY
HIMS is a recent IPO with good earnings and sales growth. A high volume breakout like this can often lead to big moves.
