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Mike, I think you could be right when you say that volume is a myth when it comes to validating a breakout. I like to see increase volume on breakouts, but I have no proof that it improves the probability of the breakout being correct. Could you share how you came to this conclusion in...

If anyone is interested I'm currently short NSCN and LRCX. I'm more biased on the short side. I'm watching the $VIX closely to confirm the next down move. Matthew Frailey does a great job at finding nice set ups...

Mike, So you pay no attention to volume what so ever? Do you trade stocks with very low volume? I personally don't feel comfortable trading low volumes stocks, I think it gives too much room for people to manipulate the price on a short term basis. One large order or some MM crap can cause...

DT1, You've picked some nice shorts. I'm net short right now, and will look to add once the next downtrend in the markets is comfirmed. When to take profit is the most difficult thing in swing trading. The way I approach taking profits is depending on the overall markets. When the...

DT1, Great find on MCRL. It's a good thing your using a 1% stop rule. Probably the most important thing for beginners to learn. You asked about routine in a prior post. I make journal entries of every single trade I make so that I can learn from them. Elder covers this topic in one of...

hey, NXTL has yet broken out of any key support/resistance. I have attached an annotated chart. One thing you need to be carefull when trying to trade a breakout out of one of these rectangle type trading range is that many times there is a false breakout which then reverses and ends up...

I don't use any scanning software. I get my trading ideas usually by going through the public chartson stockcharts.com. The links I provided earlier are my favorit place to search for good trade ideas. I enter my trades on a closing basis. The exits don't need to be on a closing basis...

If your interested in a current trade I'm in. I'm short MACR at $13.34. I didn't catch the initial breakout, but the pull back provides a good entry point. My stop is above Thursday's high at $13.73. Depending on the overall markets, I might add to this position if it breaks bellow $11.86.

vrty2 chart

Another trade I made; March 28, I went short VRTY at $15.25 on a breakout of the lower trend line. Stop placed at day's high. I havn't annotated the attached chart, but it's pretty obvious. On vrty2 you can see a negative divergence forming with the MACD which is a good sign for the break...

Hi Mike, I'll post a few trades I recently made. As for strategy, I prefer to enter the trade near the close to ensure that the breakout occurs on a closing basis. Whenever I don't follow this rule, it usually results in a bad trade. For example I went long MXO on Wednesday at $6.28 playing...

DT1 Good threat your starting here. I'll keep watching to see your progress. I've been learning the ropes to swing trade for a few years now and am now starting to see some success. What has helped me make the leap has been a few things, but most importantly the record keeping of my equity...