Stocks breaking out due to message board chatter, newsletter, twitter etc
Breaking out do to panicking shorts/margin calls (Most huge upward moves are a result of short squeezes)
Stocks breaking out at round dollars
News based breakouts (earnings, FDA approval, buyout rumors, reduced debt, etc)
Sympathy plays stocks that will follow in a sector based off another stock that has done well (learn this from Kunal on Bows on Wall St)
Stocks I look for:
Find stocks in hot sectors-follow patterns
Find stocks moving higher in volume. Find pivot points and watch volume % change. Usually can mean institutional buying.
Look for gap ups or highly active stocks (can usually find those on nasdaq.com under pre-market most actives) and buy the first pullback. Look for consolidation (bouncers)
Momentum stocks on the 1 min chart. (gap ups or stocks running on news)
Stocks trading HOD late in the day. I tend to hold stocks over night that are trading near high of the day near close.
“Why do people say "grow some balls"? Balls are weak and sensitive. If you wanna be tough, grow a vagina. Those things can take a pounding” 13 hours ago
