Breakout days like today bring with it stocks which have already begun making moves, so what’s a trader to do who missed out on the action?
Good News! There is some hope if you fall into that category.
Here in Episode 72, I’ll show you some examples of what I’m referring to and offer one way to participate. It’s a technique I practice and you might not have ever thought of it. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
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June 2nd, 2009 at 7:58 am
Yes! Absolutly Right Advice, Jeff!
June 2nd, 2009 at 9:31 am
Jeff,
Little question about this technique. If I enter on intraday chart, can I hold position for multiple days (swing trade) or it’s only day trade position?
Thanks.
June 2nd, 2009 at 9:44 am
Hey Dmitry,
The way I use this technique is solely for day trades when looking for follow-through strength. I think taking them as swing trades makes it more difficult to determine appropriate exit levels, so I just do this for intraday plays.
Hope this helps and thanks for stopping by!
Jeff
June 2nd, 2009 at 9:47 am
Thanks for very good lesson! Have a nice day, Jeff!