Boatload of breakouts

Market signaled its intent yesterday with several stocks breaking out from nice bases. consolidations/pullbacks. The Fed decision will be focus of the market and the market might be volatile. But below the surface lot of small caps are showing nice action.

 and more breakouts

Should you buy breakouts or pullbacks?

This is more than 100 year old debate. Some traders can trade breakout , some can only trade pullbacks.

There is no right or wrong strategy.

Biggest moves in stocks start with breakout and most fast moves do not offer you pullback buy opportunities.

Most good breakouts trader will have around 50% success rate. Most pullback traders will also have similar success rate. The key really is to make more money on trades that work and lose little on those that do not work.

For over 100 years people have researched these things and commonly used breakout and pullback setups are in public domain...

So based on your inclination you can design your own entry, exit, risk strategy. 

Every choice you make involves some sacrifice....

As long as you understand that it is all about momentum. If underlying stock has momentum on your chosen trading time frame then both breakouts and pullbacks will work.

I buy breakout on momentum stocks and make my money year after year. Some do the same with pullbacks. The key is to have well defined method, perfect it and then execute it day after day to best of your abilities. If you do a good job of managing everything under your control, then you don't need to worry too much about markets. Profits are outcome of executing a well defined method with an edge. 

Recent Member feedback..

Thanks you Pradeep. I just re-newed.

On a side note, I just want to tell you how fantastic your blog is. I have been with you from the early days, at least 4-5 years. For me, the best part of your blog is not the trades. I do not follow them or want to follow them, as you say, you can see the followers as the price spikes as soon as you post a trade. That makes no sense. but what was fantastic for me when I discovered your site was it confirmed that I was on the right track with my "plan" or "system" or "methodology" or whatever you call it. When I read about your EP method it had so many similarites to my method. Of course I needed to get much better at applying it, but I knew I was on the right track. One I understood market breadth , which I now believe is 90% of the market, everything clicked. Now, it's a matter of not forcing things, being patient, letting things set up and sticking to the plan. The hardest thing is just because you want to make money, doesn't mean you can make it happen at all times

I don't post very often but thanks again for all your amazing work.

Josh

Are you serious about your trading?

If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.

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You will see that many trading bloggers have been using my market timing methods, scans , stock ranking lists and chart templates. They have developed their own methods based on my methods. Many paid newsletter site recommend my site to their subscriber for learning about trading and market.

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What will I learn in the members site?

The members site will give you in depth understanding to develop your own trading method. The emphasis is on making you self sufficient and confident of your own trading method and style.

As a member you will learn the basics of swing trading, momentum investing, growth investing and risk management.

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You will learn how to set up your own scans, select right kind of stocks, how to set up stops, when to enter , when to exit, how much to risk, how to track your trades and all other details about trading. You will learn about developing your own methods and not relying on others for trade ideas.

The site has hundreds of videos and trading methods and variation of methods. Members help each other in developing the methods and share actively their research and finding. A collaborative spirit allows you to get input from others on your trading ideas or problems.

The site gives you opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different background and experience willing to help each other. The emphasis is on continuous learning and up gradation of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors and new traders.

If you are looking to develop your own trading strategy the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on members site. Every method, every scan, every nuance is detailed and all possible help is offered to design your own method.

Do you have a trial?

If you are just looking for trial you are better off trying thousands of other trading sites that offer free trial or one month trial and offer you promise of riches.

It is for those who are ready beyond the trial phase and ready to put serious months or years  of efforts to learn to trade on their own. It is for those who want to learn to find their own fish.

The free blog has all the details about the methods I trade and if you go through the posts highlighted in the sidebar you will learn about them.

How can I become a member?

To sign up go to www.stockbee.biz and follow the sign up process. The site uses Paypal for payment processing.