1. If you feel rushed to get into a trade, you are probably already late.
2. You have to get aggressive shorting when there's a failed morning spike and there was huge volume prior 2-3 days.
3. Wait for early shorts to get squeezed before you come in on the short side.
4. Don't short first day of run up, it's very dangerous.
5. You gotta be careful on midday moves, they can be very quick and have quick turnarounds if other traders are watching these setups and are playing similar types of plays.
6. Look to dip buy at the initial breakout level. Even if it will not bounce, risk/reward makes it a good trade.
7. When the stock has a lot of overhead resistance, you have to pick your entry spots very carefully on every trade.
8. If a stock has had huge run yesterday, you can try to buy the dip if you want to play it. This way you'll be safe even if it doesn't run again.
9. On Friday, when there's a midday spike that finishes down, but above previous resistance level, there's a good chance that it will squeeze into the market close
10. When the stock is heading in the right direction, you let it play out. Try to be patient.
11. When it's a perfect morning spike on the positive earnings reaction, and it has broke out past multi-month resistance, ideal way to play this is to buy near the market open or buy it on the dip. But if you want to play it in the morning at the market open, you have to be very quick.
12. You don't want to bet against the stock that is a biotech and is breaking out on good volume.
Good notes, this needs more views!
@Machinistrades Thanks
thanks
thanks! also for the other 12 tips.
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