Sep 2, 2017

My 2 Metrics for Trading Breakouts in AAPL, plus NVDA and QQQ Analysis!

Hey there, hope you're having a great Sunday!

Remember, the market is closed tomorrow which makes it a great time to catch up on some video training. 

Check out my latest video (just filmed on Sat) where I cover AAPL, NVDA and the QQQs. 

 

My two Metrics for trading breakouts. 

Metric #1 - Did it hit a new daily high today?

Metric #2 - Did it close at a new daily high today?

If you can answer these both YES then its generally safer to stay bullish and ride it out. This could help you ride trends a little longer during breakouts. 

Caution: Watch out for reveresal candles like topping tails or bearish engulfing candles.

These are risky because Metric #1 is often met with a new daily high but the stock does not close near the high of the day and instead sells off to close near the lower end of the daily range. This could often be an early sign of a reversal. 

How are you trading these stocks right now? Let me know in the comments below. Thanks in advance!

Trade safe,

Micah