11/22/2019

How to become a more profitable trader

Single best thing you can do to be profitable trader is to study big moves from the past and try and find similar stocks in current conditions.


If you go to the tab Stockbee 50 you will find data from mid 2014 for stocks that have made big moves. Study them for magnitude of move and characteristics of the move.


What should you study in these stocks

How many days the  move lasted

How much was the move on first day, second , third day and so on

Which scan would this stock show up on first day

How much % in 5 days, 25 days,  65 days, and 126 days.

How much in first leg , second leg

What was happening before this move.

How many days was the stock up before this move

Where did the move start from

What was the nature and duration of consolidation or pullback during this move

What scan would find that period

How can I trade a move like this , where should I enter, where to put stops, exit and so on.

A study like this will give you more insight than any other activity.

Try it if you want to improve your profitability. 

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