Trading Video – Looking for Explosive Breakouts
Here’s another video of a trading lesson I learned in the market today.
Because I trade a lot of breakout patterns, the more characteristics I can find which point to an explosive move, the better! Today’s video discuses exactly that.
Feel free to share it if you’re a fellow blogger, the embed code is on the YouTube page.
Without further delay, here’s today’s video. Enjoy the show!
Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com
[tags]Stock Market, Day Trading, Stock Trading, Swing Trading, Trading Video, Investing[/tags]
David | May 15, 2008 | Reply
Do you use a buy stop above the resistance trendline for entry on these breakouts?
TheStockBandit | May 15, 2008 | Reply
Hey David, yes I use buy stops above trend line resistance levels for entries on breakouts. I do that because I want to catch the stock on the way up, rather than buy it on weakness and hope for a turnaround. That allows me to only put my cash to work when there is an imminent expected reward.
Trade well today!
Jeff