1/09/2018

How to find breakout setups January 9, 2018

8 comments:

Ram said...

Hi , You mention bootcamp in the video . How would one join the bootcamp for better grasp of the methods . Thanks a lot for the amazing information .

Pradeep Bonde said...

It is for members. It is on 17th and 18th February in New Brunswick new Jersey

Ram said...

Thanks for the response . For people who cannot physically attend , is there a webcast option or a video post that can be viewed later on the member website .

Pradeep Bonde said...

Because it involves participants doing their own analysis the only way to learn is by attending one. It is highly interactive with over 400 to 500 exercises which participants do.

Unknown said...

Hi Pradeep,

For end-of-day traders, would you recommend to buy a good b/o candidate on market at next day open or rather wait for confirmation with a stop limit buy order a few cents above the high of the b/o day?

It looks like you don't pay attention to nearby support and resistance to validate or not a b/o candidate, do you?

Cheers,
Tonio.

Pradeep Bonde said...

for best results breakouts must be bought on day of breakout itself. for longer term breakout buying next day at open is no problem

Unknown said...

Thanks for your reply, Pradeep.

So I assume that your intraday trades may become a swing trade if they meet your b/o criteria at the end of day (notably if they do not give up too much gains so that they close near the high of the day).

For the support/resistance issue, having watched again old videos of yours, I assume this is not big a deal as you never mention it !

Pradeep Bonde said...

most of my trades start as swing trades.

I do not pay attention to support and resistance