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
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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