@A_Moving_Target Thanks. Did you understand my response? All you have to do, well it's not that simple in real time, is wait for the breakout of resistance when a stock is making higher lows to buy.
@Chongette32 Yeah I get what you're saying, it's just that I have an issue with figuring out which spikes are the best. Like there's always stocks that are breaking previous resistance, but some pop right back under after going over resistance and some, like GRPN, keep going and hold the breakout. I have difficulty figuring out which is which.
Also, actually getting in. A lot of the best breakouts push past resistance pretty quickly, but I don't want to use stop limits in case it's just the MM's pushing the price up past resistance...does that make sense?
@A_Moving_Target Like Tim said it's not an exact science. You have to look at all the indicators and if they all line up then you trade it. Not all are going to work out, results are random so you just have to take the trade and if it doesn't work out you cut your losses.
@A_Moving_Target Thanks. Did you understand my response? All you have to do, well it's not that simple in real time, is wait for the breakout of resistance when a stock is making higher lows to buy.
@Chongette32 Yeah I get what you're saying, it's just that I have an issue with figuring out which spikes are the best. Like there's always stocks that are breaking previous resistance, but some pop right back under after going over resistance and some, like GRPN, keep going and hold the breakout. I have difficulty figuring out which is which.
Also, actually getting in. A lot of the best breakouts push past resistance pretty quickly, but I don't want to use stop limits in case it's just the MM's pushing the price up past resistance...does that make sense?
@A_Moving_Target Like Tim said it's not an exact science. You have to look at all the indicators and if they all line up then you trade it. Not all are going to work out, results are random so you just have to take the trade and if it doesn't work out you cut your losses.
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