In the past Ross mostly traded the open and also had some scanner like 2 or 5m break out to used after the open etc. But now he mostly trade pre market. But I think he still has a lot of scanner tamplets.
good eye. you are correct sir tomcat. his strategy is catching begining of the move.(i dont know exactly how much cash he throws at each trade im assuming its alot. enough to move low float stocks probably and exit into his followers buying... what i meant is finding a tight consolidation before a breakout. i seem to catch those alot more than other setups. i can never find a breakout setup early enough to trade but i keep getting into setups days before they break out.(mostly penny stocks) its been my biggest gains so far since begining . stocks like DPW where they spike and then grind down back to original price and then consolidate for weeks or days. i get in at those bottoms and but currently i have to wait for long time sometimes ride a slight downtrend etc. but they all follow similar pattern.
but i also want to learn more than one strategy obviously. im not after quick profits or lambo. ive been grinding this since 2019 and its been a slow progress for me compared to many youtubers out there who are in their 20s and their cpu is much better at processing.
considering that most of the moves are premarket.. when market open i remember it used to be a shitshow people jumping from one stock to another for multiple runners. now the open is basiclaly people getting fcked by shorts as they try to pick scraps of what happened in china and premarket for us. .
For brevity sake, I use the magnificent seven stocks as an example. Warren's quote, "Be fearful when others are greedy." The opposite is true(ok, it may debatable). A simple scan is to scan for low for a certain period e.g. 1 year. In some years, you could see clearly where were the bottoms. Of course, one has to be patient. PS Note: Some stock prices may not be real due to stock split.
There is a guy on Youtube named *Treyding Stock* he made a video 2 months ago. Named *Worrior Trading s 1 M momentum Scanner * Free in TinkorSwim*. He shows how to code Relative Volume in the Scanner, so it will show less stocks. That said your Master Ross also use a news fee. If no news fee how can you see if there is any substancial news on the stock etc. He also looks at legal isue and how many shorts etc. He also use a good trading platform etc
consolidation scan: ( highest ( 20 days) - lowest (20 days)) / close (of today) < % You pick %. Low volume scan: Volume (today) / avg( volume, 20 days) < % volume increase scan Volume (today) / avg ( volume , 20 days) > % or Volume (today) / volume (yesterday) > % re: 20 y/os on YouTube. Likely they do not have the success they display and it doesn’t matter how fast their CPU’s are. Disregard them. I have a question for you to think about: if you were truly wildly successful, would you make a free YouTube channel telling everyone your strategy? You worked hard as hell to find your edge and likely wouldn’t publicly reveal it without reason.. content creators can be so, SO, shady.. I see BS “life hacks” on Instagram every time I open it, that I know for a fact do not work. lol Someone here, who I highly respect, asked me: what are your favorite setups? I gave a vague answer about PA and context blah blah. really got me thinking about it though. So I defined on paper a few myself and now only trade those with defined rules. And even better defined exit-when-likely-wrong rules. The second parts what’s been most beneficial. I have a handful of setups I’m still “evaluating” or whatever, so I watch for them but don’t take them because I don’t have enough experience with them to be confident. Rhetorical question: how defined are your bread and butter setups? HTH
Check the drawdowns The average DD is a good value point. That's the 50, 16 and 5th percentiles AAPL NVDA BTC UNH AAPL on dailies with average in purple