You might be wondering why I didn't take profits when NDN was around $16. I've been analyzing a lot of the breakouts that I've played, and it turns out that I'm not letting them run enough. The vast majority have gone significantly further than the point where I sold. A perfect example is ISCO, where I was in at $1.23, and sold at $1.27, only to see it go to the $1.80's. Or when I was in LUNA in the $3.20's and sold in the 3.60 - 3.90 range, only to see it go to near $5. So I've decided to hold onto breakouts longer, putting a break-even stop at my entry when I'm up about 5% or 50 cents on a $10+ stock, and at least holding the stock overnight.
P/L: $-14.32
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6 comments:
for TD strategy desk, how do you have your volume alert set for stocks like PCYC? thanks
I set up StrategyDesk to alert me when stocks on my watchlist hit a HOD. I also have a relative volume indicator that I created, which tells me what the volume is in relation to what the typical volume has been over the past month. That way I know if the volume is abnormal for a stock hitting its HOD. The formula I use is:
Bar[Volume,D] / (( MovingAverage[MA,Volume,20,1,D] / 390) * ( (Hour - 9) * 60 + (Minute - 30) ) )
James: thanks for that i owe you, if you need any other scans etc for SD, i can probably find it. im a bulldog at finding things, dont invent so find!
Your watchlist, how big, use breakouts right, pumps, what about the dayrangers scan in stockfetcher?
you also seem to have cut out premarket leaders? thanks again.
My watchlist has shrunk in size over time. Nowadays it's probably no more than 10-20 tickers.
I don't do the dayranger scan in SF anymore. I just haven't found it useful for me, and I actually found I used to overtrade using it.
I still watch premarket leaders, I just haven't been posting them each morning lately. I can start doing that again if you wish.
no thanks, im in the UI chat, so see them.just wondering how to limit stocks since SD is slow.
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