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How to make money anticipating a breakout

Tuesday, June 30, 2020 7:09

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CALX is a good example of kind of anticipation setups I look for. It was in my anticipation scan on Friday and I entered early on Monday. Stock went up 7.50% for the day.

On any given day there are opportunities like this if you take the effort to identify stock setting up for possible breakout.

When stocks are in established momentum phase they do not go up everyday. They go up and then pause and then go up in next impulse move. When they pause and if that pause leads to low volatility consolidation with low volume then there is a high probability such consolidation will resolve in a breakout. This is inherent nature of stock moves.

In order to profit from this opportunity, you need to identify such stocks and have a watchlist ready. There are two ways to do this daily:

brute force approach
smart force approach

The Brute force approach involves going through every stock that meets certain momentum parameter and then visually identifying such setup. Many trader do this by going through 1000 to 1500 stocks that satisfy their momentum parameter. It is time consuming effort and takes few hours.

The Smart Force approach involves using a well designed scan to narrow down these setups and then look at anywhere from 30 to 100 stocks that meet the criteria. This significantly reduces your effort and takes 10 minutes to do. I use the Smart Force approach.

Once you identify opportunities like these you can enter then in anticipation without waiting for confirmation or put price alerts or put limit buy orders above a certain level for entries.

These setups are lower risk setups than breakouts as your top is very close compared to breakout. They also allow you to plan your trade.

Here are some of the setups on my watchlist for today based on my Smart Force approach:

QCOM

ESTC

QIWI

QRVO

THO

NVTA

IIVI

MGNX

RLGY

CLDX

CREE

CYTK

PPD

SWKS

KRNT

LLY

If you learn a setup like this you can find money making opportunities daily.

Source: http://stockbee.blogspot.com/2020/06/how-to-make-money-anticipating-breakout.html

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