How to use early morning breakouts to find trade opportunities

On any day there are few stocks that dominate that days trading. Many times these stocks make 10 to 25 dollar or more moves in just one day. If you can identify these kind of stocks early in the morning then you can benefit from rest of the day moves.

This strategy is more useful for high priced stocks as they can easily have 10 to 25 dollar more move. NFLX is an example of that yesterday. It made a 20 dollar move during the day.

After the exit the stock still went on to make 7 dollar more.

To find stocks like this early in the morning I use Trade Ideas scanner. It can allow you to create real time scans that can alert you to potential big moves.

In Trade Ideas scanner you can scan for a stock that makes at least 60 high for the day in first few minutes of open. That stock then tends to keep going throughout the day. If a stock makes 60 new high for the day in first half an hour it indicates very aggressive buying . Such buying tends to last through the day.

Most of these trades tend to be just few minutes or hours trade giving you 5 to 10 dollars.

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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