Practice leads to pefection

Identifying a good short term swing trading setup is a skill developed through practice. Once you have a setup concept for discretionary traders trading it requires experience over several hundred trades.

Conditions in the market change continuously and setups need minor tweaks in real time trading.

If you go through 5000 to 10000 old setups and identify good from bad and see what worked and how it worked, you will gain expertise in identifying and trading these setups in real time. On Member site I have been posting daily exercise to identify good setups, entry, exit, profit targets and risk. These exercises help you train your brain to identify good setup from bad setup.

Look at the 5 charts below. I have been writing about momentum burst setup since beginning of the year , if you understood that concept , see if you can apply it to these examples. Try and identify good setups on them. Study what was the pre breakout situations. Study how it acted post breakout. Find out how much % move it made in 3 to 5 days post breakout. Study failed breakout.

Your objective should be to become an expert in this setup. If you do that you can make millions over your trading life time.

Example 1

Example 2

Example 3

Example 4

Example 5

The more you do this better you will become at identifying and trading them in real time. It will also help you identify pre breakout setup. Anticipation of breakout can help you get in to move earlier.

Going through 5000 plus examples of setups like this should be your 3 months goal. If you can do that you will have the setup permanently etched in your memory and you will be able to select good setup instantly.

It will also help you understand where you should exit and put stops.

More than that it will convince you that stocks indeed move in short term momentum bursts and there are 2 ways to trade them, either by anticipating the breakout or by buying on breakout day.

These exercises are posted daily on membership site.

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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