The shorter your timeframe, the more entries matter.
In the short term, if you chase, you lose.
Your goal as a short-term trader is to get involved on the first day of a potential multi-day move.
If you are buying something already up 4-5 days in a row or trending on StockTwits or Twitter, you are too late for the party.
$SHOP is a perfect example. The stock was trending on the social platforms after being up a few days in a row.
There’s no doubt that every now and then, you will get lucky and buy something up five days in a row, and it continues to go higher, but in a series of trades, the odds are against you.
You want to start studying stocks differently from what you learn in the books.
Start looking at charts and pinpointing where moves are starting from.
If you follow my advice, then you will view charts differently and will be able to create your own scans based on your new findings.
You can view hundreds of REAL trade examples (FOCUS ON THE ENTRIES) here; SHARED TRADES.