But for index investors and momentum unique boutique traders alike, Tesla presents something of a conundrum. This could also be a factor hurting Snowflake stock. It is a structural setup in the sense this particular pattern repeats on stock after stock thousands of time in any given year. If you are a beginner trader what you need most is a complete setup idea and template with detailed process flow and steps. In fact life for new trader is much easier today due to internet. How can Yoga help us "keep our cool," when we are being tested by real life situations? Older women need to keep up their exercise in order to fight off illness and osteoporosis. In order to master a setup or an idea you need to be at it day in and day out. In order to do this I run 2 scan for bullish and bearish. The stock showed up on scan this week.
After running the scan everyday I study these moves. Study these 8% moves closely to see how the move happens. There are many ways to detect trends and some can lead to lot of false moves and whipsaw while some are better at detecting trends. As a swing trader also detecting trend is useful. If you use a very sensitive indicator to detect trend you will find trends early , but you will also find many false starts. Guppy Multiple Moving Averages are 12 exponential averages used to detect trends. Explosive trends is where big opportunity to make money in short amount of time is. You must take your time and be prepared to make some mistakes, which you can learn from. Losses do occur and more often are suffered by the traders who do not time their trades well, both when entering and exiting a trade. Whenever you are buying an option you should take some time to consider why you are buying it. If you are a stockbee blog reader you will see that my day in and day our focus is on trading specific setup.
Setup is complete set of conditions involved in trading a particular method. Setup is a set of conditions used to find, enter and exit a trade. There are hundreds of setup ideas in public domain. Swing trading setup ideas produce frequent but small profit. For example Momentum Burst is a setup with specific characteristics. There are setup ideas I have discussed here but do not actively trade. As a trader you have a big choice of setup ideas. There are setup I currently trade. There are many ways to determine trend start and trend end. The longer term trend detector sacrifices part of the move to avoid whipsaw. A longer term trend is established when all the 12 averages confirm the trend. As you can see the Guppy MMA detected the trend early. Then it can become a project to develop new trading setups. Trading a setup like EP requires you to understand that and accordingly be very selective. If you have a well defined setup idea you should be able to replicate another persons trade on your own.