Well so much for my easing back on swing trading. As you can see I went on a buying spree today. I was all set to just chill given how dead the market has been, but when my alerts started triggering I just said ‘what the hell?’ and jumped in. By 2:30 [...]
Browsing Breakouts™
I Think We Have a Breakout
Posted by Michael in June 23rd, 2004
2 Comments
Buy High, Sell Higher
Posted in: Stock Market, Trading Techniques Tags in: Breakouts, Buy_High_Sell_Higher, CANSLIM, Resistance and Short_Squeeze
The CANSLIM Investing Blog has a post today discussing overhead resistance and why you’d want to buy as a stock just as it’s breaking out to new all-time highs. Another reason I’ll add to the list is the potential for a short squeeze. Once a stock makes a new all-time high, not only [...]
Do You Buy Breakouts? Think Again (Part 2)
Posted in: Trading Techniques Tags in: Breakouts, Larry_Connors, New-Lows, New_highs and trend_following
Larry Conners has written a follow-up to his article from last week on breakouts vs. pullbacks — Do You Buy Breakouts? Think Again (Part 2). The results are very interesting.
(Again, I’ve archived the article here)
Tags: Breakouts, Larry_Connors, New-Lows, New_highs, trend_following
Buying Breakouts
Posted by Michael in December 9th, 2003
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Posted in: Trading Techniques Tags in: Breakouts, Exits, Exit_Strategies, Larry_Connors, Money Management, New_highs and Trailing_Stops
TradingMarkets.com has posted an interesting study comparing the results of buying breakouts to buying pullbacks. The results are rather surprising to me. According to the methodology used in the study you would make more money shorting breakouts to new highs than buying them. Although I’m not a big proponent of buying breakouts [...]
