Underlying setups are important

Today the market bounced back after 4 days of down moves. That should not surprise anyone as market tend to show these kind of counter trend moves when they are down in a row.

Most important thing from swing trading point of view is quality of setups showing up on given day. Today there were lot of good swing trade candidates.

The 4 to 5 days of selling has resulted in many stocks going sideways and not breaking down. When the weight of the market was lifted today , they had nice breakouts.

If you see the list of stocks I posted in the morning for anticipating breakout, handful of them had positive breakout today.

Besides that if you regularly run range expansion scans, you would have seen lot of nice breakouts. The key to successful swing trading is to have your process well set. One time effort is required to do that. After that you will get daily candidates to work with.

Instead of following a recommendation by someone or buying based on Twitter or other sources, you must develop your own method. It might take months but once you put that in place you have life long skill.

With number of breakouts today, if market follows through for 3 to 4 days, there will be lot of swing trade opportunities for momentum burst kind of trading.

I will have some good swing trade setups from our scans up on site in the morning along with list of Top 50 stocks and breakout anticipation list.

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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