What I look for in a good setup

Good setups have orderly behaviour. I do not like to trade stocks that jump all over the place. That is not my area of expertise.

A recent trade shows you what I look for in a short term momentum burst setup.

This recent IPO had a breakout on July 30th. It showed up in multiple swing trade scans and I entered it on that day. Prior to entry day it had low range day , which I like. The overall consolidation prior to breakout was orderly.

In next 5 days in spite of market weakness the stock went up 3 dollar plus from entry. I hold these kind of swing trades 3 to 5 days . Yesterday was 5th day of this trade and as market started to show weakness I closed the trade. In a better market environment it would have probably done much better.

This kind of trade is an example of momentum burst pattern seen in stocks. Stocks move in short term momentum bursts of 3 to 5 days and for swing traders they offer thousands of opportunities in a year.

In order to find trade like these i run a very simple daily process flow that i detailed in my post few days ago: My Swing Trading Process Flow

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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