I have plenty of fail lately, More filters could definitely increases the odds. Playing loose hands. Not a bunch of setups, Indexes down on all timeframes, Breakouts turn into great short entries. … I am aware of the Biotech issues, Current environment make them even more vulnerable to gap down. The overhead makes sense. Thanks for sharing your thoughts. I know there can be quick winners on the hourly, I check the monthly performance. Found 4 stocks … FNGR, PEGY, IMUX and another They are all above the 200, 50 and 20 sma. They trade above 1 million shares On the daily they look extended, But the close keeps higher than the highest low. No sign of reversal on the daily, I watch for a little consolidation on the hourly, The cleaner and the tighter the pause, the better. If it closes above the resistance with above average volume then I buy … It’s really basic. That’s why I lost a bunch lately. It works well when the market’s going up. That’s why I had a rule not to buy while the indexes are reactionary. I should follow it. Still have to find my process.
Ideally I’d trade like Jim Roppel But because I have a small account, I feel like I can make more and quicker … By being more loose and trading like Minervini or Qullamaggie … In a bear market None of them would be buying like me RN Maybe I feel smarter but the market keeps humbling me.
TSLA just fell 8% straight after a 10% rise. There’s money to be made intraday but I’ll forget about swing trading until the volatility calms down.