One setup and one day at a time

The market continues to move higher. Yesterday there was a bit of fade after 2:30. The sudden reversal on many momentum stocks is in line with rotational market.

Most of the momentum leaders are fading after breakouts. Some are already in correction mode. Some are down 20% plus in few weeks. A narrower set of stocks are leading the advance.

In this environment you have to look at specific setups and keep profit objective in line with market conditions.

As of now breakout continue to work and also shorts are having follow through. No follow through on shorts was a theme for many months, that has clearly changed as number of stocks pullback.

Best site to learn to trade

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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.

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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.

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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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