The shorter your timeframe, the more entries matter.
In the short-term, you chase you lose.
You want to get involved on the first day of a potential multi-day move.
If you are buying something that is already up 4-5 days in a row, you are simply too late in the short term.
$SD is a perfect example.
When the stock finally got to the level that most people would consider it for a cookie-cutter “breakout” play, it was up 6 out of the last seven days.
$SD was already up +30% in the last week when it got the “breakout” level.
2/24 was a better entry. That is the day I took it as a trade at $12.36. Here is the trade; https://www.tradervue.com/shared/trades/40964882
Buy’em tight, sell’em loose.
Here are more examples;
You can see many examples here as well; You can view over 400 of my trades here https://www.tradervue.com/shared/users/8059.
You can find Stocks Before They Breakout Here https://bit.ly/2Cuh784 and here https://bit.ly/2JZ3JNR.This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.