Recent content by tugga82

Don’t assume and …..There is no selling here. I never mentioned anywhere that I created this. Did I?

So what’s your problem now?

It’s like saying stockbee ripped mark minvervini’s strategy

The breakout day is a range expansion day after the consolidation phase that happens after one leg up in the trend. This can be considered as a volatility contraction phase. I buy on the 4% breakout day as it happens but like I said not every 4% breakout is a buy candidate. Thats where the chart...

Some of those gap ups I take using the earnings momentum. Anyways we can chat about that another time. For this set up, you are right the stop placement reduces my position size. Every day, after the market opens I look for stocks up by 4% and in this screen depending on how the market does...

A successful momentum burst will lead to immediate follow through. It will go up through the day and follow through for the next 2-3 days. This kind of swing trading allows you to grow your account with very low risk. For a skilled trader I’d say the average yearly return using just this set up...

I shall post a response about how I deal with this set up within the next two days

Agree. True that. There are many possible variations but essentially this is an impulse move of 3 to 5 day duration. It is largely a mechanical way to trade for small profit targets. Stocks seldom run up or down smoothly. A 30% move in stock over 3 months in a stock might be completed in 2...

I attached a chart that explains the momentum burst that I wrote about in the post earlier. Hope this helps.

I will post a chart soon explaining this phenomenon. I personally don’t guarantee your profits. What I mean is: If you apply the principles and don’t let losing trades run, you will preserve your capital and in the end make money. As long as you mechanically follow the rules you will make money.

Totally agreed. Experience hones the skill over time. You can go long a stock and make money and I can short the exact same stock and make money. The goal here of TA is to not hit a home run but to be very consistent. One has to preserve the capital and that objective has to be met at all...

Stocks move in momentum burst of 3 to 5 days. You can use this stock's tendency to your advantage. Look for these following: Essentially if you look for top gainers in the day (mostly focus on the ones that are up and over 4% - this is the range expansion day if you look at the candle. In this...

The best free options learning materials are available on tastytrade. Look their website online and it is North American. That said, the concepts are applicable to any markets. It's a financial network for options trading and they have tons of free crash courses with various options strategies...

Understanding Stocks by Mike Sincere is a great book that I'd recommend to learn the basics first. I'd then progress to using a paper account or dummy trading account to get a hang of how things work before you use real money on the line.

Sorry I am not allowed to promote my course here as per the rules. If this is still of interest, you can refer to my signature where I posted the links to my course.