Does earnings matter if you are trading momentum burst

We have many beliefs and assumptions about how stocks move and markets operate. In order to successfully trade a specific setup you must have right beliefs and assumptions about that setup and that time frame.

A momentum burst is a short term swing trading setup that looks for 8 to 40% move in 3 to 5 days. Now in order to trade this kind of setup you must thoroughly look at all your assumptions. A deeper understanding creates conviction in setup.

Yesterday I asked a question Does relative strength matter if trading momentum bursts Your Answer to it will determine how you trade that setup. You might start with certain assumptions and then change them over period if you see different results.

Not everyone can change assumptions and beliefs. Some people are fixated on certain beliefs and their behavior is driven by it. Also certain kind of environment is ideal to changing assumptions and beliefs. This tends to happen in group situations where blind beliefs do not get accepted and get challenged.

The question for today is simple: Does earnings matter if you are trading momentum burst

The answer we can find ourselves by going through stocks up 8% plus in last 5 days. To do that in Telechart you can run two scans.

Bullish 8% plus or 5 dollar plus in 5 days

c/c5>=1.08 or c-c5>5 and minv3.1>100000 and c>=5

Bearish 8% plus or 5 dollars plus in 5 days
c/c5<.92 or c5-c>5 and minv3.1>100000 and c>=5

That is just one day of data , if you are really serious then you can study this for years worth of data. From the study you will be able to answer the question: Does earnings matter if you are trading momentum burst

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.

404

Recent Articles