Sandeep Kumar @sandeep02kumar_

Small and mid-cap stocks have been correcting. This is when it becomes easier to spot stocks showing strength. A short video on how I picked up big winners of 2023 tinyurl.com/59tmpak5 Let me know your thoughts when done.

"I cannot emphasize too strongly the importance of the utmost discrimination in the purchase of securities by first examining Industry Groups. Stay away from weak groups!" - Jesse Livermore Livermore was a big proponent of the importance of industry group action and it played a…

These three images condense decades of trading wisdom, strategies, and tactics from some of the best traders, past and present. Trade long in an "easy dollar" environment and go to cash in a "hard penny" environment. Avoid boom-bust cycles. Simple, but not easy. Hat tip to…

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My final thoughts on this thread while I'm thinking about it. Traders don't understand when their system works and doesn't work because they don't really understand the source of their edge. As I outlined before, in most swing trading systems, the source of edge is: 1) Large…

stockbee.blogspot.com/2016/07/guidel… Supply and demand (by extension the patterns they create) in the market tends to be fractal. These guidelines that Stockbee talks about for finding great momentum burst setups on the daily chart look precisely like the hourly chart on a solid breakout…

1. Huge move and riding the 10/20 MA 2. ADR % 3. Volume 4. Liquidity 5. Earnings quarter over quarter 6. Momentum over last few months When asked what he prioritizes, @Qullamaggie said 4, then 1 and 6, 2, then 3 and 5. So one of the greatest traders of modern times…

Which of the setups I described do I play? All of them. It depends on where we are in the broader market cycle. In the initial stages of a rally, you're not going to get a ton of traditional flag breakouts - those tend to come after the first leg of a rally and then after the…

Ideally we see volatility decrease as the market moves higher. It may seem counterintuitive at first, but the idea that volatility tends to decrease as markets move higher is rooted in market psychology and the mechanics of buying and selling. When the market is moving higher,…

The best scenario right now, imho, is for the major indices to pull back constructively to their rising 10/20 EMAs while the internals (breadth/momentum) remain constructive and healthy. This should setup a LOT of stocks that have made or are making first legs up. We aren't…

I usually wait the first 15 mins before trading to let the opening range form. This stock came in my scans, I was prepping orders to buy it, and then decided to pass because it was "up too much" to give a good R:R profile. I'm laughing maniacally every time i see the chart.

Weihao @skytrade66

2 years ago

I usually wait the first 15 mins before trading to let the opening range form. This stock came in my scans, I was prepping orders to buy it, and then decided to pass because it was "up too much" to give a good R:R profile. I'm laughing maniacally every time i see the chart.

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This is absolutely true - some of my mentors, who I won't name, put that belief in my head. Setup is everything and setup is the starting point. oh, by the way market context and risk matters too - almost as if it was a side note. It conditioned me to have a laser focus on…

SpeculatorSue🇨🇦 @shelovestotrade

2 years ago

This is absolutely true - some of my mentors, who I won't name, put that belief in my head. Setup is everything and setup is the starting point. oh, by the way market context and risk matters too - almost as if it was a side note. It conditioned me to have a laser focus on…

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The problem with a "setup first" mentality is not to say setup is not important. It defines the structure, timing, and risk units for individual trades. These are certainly important. What it ignores, or at least doesn't explicitly account for, is risk beyond individual trade…

Because of the position most stocks are in in context of this rally, most stocks participating in this rally are in the midst of their "first leg" up, which mean the most one would get at this juncture is a 1-3 day pause. I prefer longer consolidations, as QQ talks about, but…

Peter Wang @ItsPeterWang

2 years ago

Because of the position most stocks are in in context of this rally, most stocks participating in this rally are in the midst of their "first leg" up, which mean the most one would get at this juncture is a 1-3 day pause. I prefer longer consolidations, as QQ talks about, but…

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Using broad criteria to cast a wide net during a weekend deep-dive makes sense for initial screening. This step is about gathering a pool of potential candidates without the pressure of the market being open, allowing for a more relaxed and comprehensive analysis. This is…

Stocks under accumulation build higher lows and quickly return to recent highs. This is a sign of demand continuously outstripping supply as the trend progresses. It amazes me how many traders will buy stocks that aren't showing even the slightest hints of demand, while they…

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I often think about what has kept me from “super performance”. I have such deep respect for guys like Zanger, Qullamaggie, Minervini, Kell, and many of these traders who have reached the pinnacle of performance. It’s like seeing an NBA all star player or a major winner in golf.…

Trading breakouts, despite their perceived proneness to failure, remains a popular strategy among traders for several compelling reasons: Breakouts often occur at the start of a significant price move, offering the potential for substantial profits. When a stock breaks out from…

If you rarely find yourself in stocks that are going anywhere, you probably don't have a very good handle on stock selection and fall into some logical fallacies about what this game is all about. Read this Boucher snippet daily if you need to. The secret to momentum trading is…

Qullamaggie: "Now and then you're gonna catch these stocks that double and triple in a short amount of time. Those are the ones that are gonna make you rich. Everything else is just a grind. You gotta find those homeruns. Most of the time trading is just a grind - 70, 80% of the…

In essence you want to be aggressive during the beginning of the expansion phase and start tapering and locking in some profits once that momentum starts to wane. What you don’t want to do is wait until after several days of expansion to get aggressive and then fight the…

AsymTrading @AsymTrading

2 years ago

In essence you want to be aggressive during the beginning of the expansion phase and start tapering and locking in some profits once that momentum starts to wane. What you don’t want to do is wait until after several days of expansion to get aggressive and then fight the…

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