How to front run my trades

Lasertrader is a member of Stockbee site and he has developed a method to front run my trades by anticipating breakouts on stocks with high momentum. You can read his entire post on his site. It is also part of the Stockbee Trading Guide section.

How to find good setups before 4% breakouts by Lasertrader

Posted by lasertrader on December 19, 2010

I have the ultimate respect for Stockbee and his service. I have learned more from him to give me an edge than any other “mentor” in all the years I have been trading. Here is a copy of a post I made in his private subscription blog that has been made permanent in his Trading Guide. If you haven’t heard of Stockbee, you should check out his free blog and consider subscribing to his service. Its not a stock picking service. He teaches you how to do it yourself. You need to make a commitment to change if you want to profit from his teachings.

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How I get the jump on getting into stocks that end up in the Stockbee Trend intensity Scans.

I thought I would share my methods on how I get into stocks earlier that end up in the Stockbee Trend Intensity Breakout list. As an example I will use BRKR which showed up on last night’s Trend Intensity video. If you look at my twitter stream you will see that I tweeted that out on Saturday and was able to enter it yesterday at 15.58. There is no doubt that the stocks that end up in the Trend Intensity scan can run for 2 to 3 days but with Telechart delayed scans and scanning intraday, the stock has already run 4% by the time you see it and by the time you put the buy order in it often has run a lot more.

Stockbee has trained us to quickly recognize chart patterns that lead to good moves. Contrary to what is discussed here, Dan Zanger only uses the $1 move strategy for intraday scalping. The way he makes his money is scanning a list of charts each night looking for specific patterns, deciding on buy points and during the day when the buy point is hit and the pattern is playing out he checks volume and buys if volume is supporting the pattern play. This takes some elbow grease but if you are willing to do it you can get into the Trend Intensity plays 4% or more earlier than the Telechart scans will get you in.

To do this I go through this process. Each weekend I load the following lists into Telechart. continued....

Best site to learn to trade

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 a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the 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. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an 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 backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

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 the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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