@hackertrader Thanks for sharing, what was the stop loss taken into account for those breakouts which didn’t followed through in the bad markets. Entry price? Or yesterday’ low.
How to find leaders before they go parabolic:
My favorite swing trades are in stocks I call the "grinding leaders that can become parabolic leaders".
Grinding leaders = stocks grinding up <10% a month across longer timeframes (months)
Parabolic leaders = stocks making a 50%+ parabolic move within a very short timeframe (1-2 weeks)
Join strength during the grinding phase, pre-parabolic move...here's how to find them:
Use a screener (I use finviz), and filter by:
- price above SMA20
- price above SMA50
- price above SMA200
- performance month: up 5% to 15%
- performance quarter: up 20%+
- RSI(14): 55-70ish (optional, but avoid already insanely overheated names above 80 RSI)
- average volume: over 500k
- market cap greater than $300M (or $2B+)
Optional catalyst layer...this is the real alpha!!
After the scan, I manually look for:
- hot theme exposure (ai, robotics, defense)
- earnings acceleration
- recent news
- sector rotation
- big partnerships
Few names sticking out to me:
$SATS
$IRDM
$FLY
$EBAY
$IBKR
...stay tuned for deep dives.
💙Luc
You want to know a secret that changed my mentality around money?
Scenario: April 1st your portfolio was 100k and we went on this magical run where it climbed up to 140k as of yesterdays close. Then a day like today comes along and you happened to get stopped on all your positions and you are now sitting at 130k. Did you lose 7.14% today or is your portfolio up 30% in a month?
Unrealized gains ARE NOT YOURS. They belong to the market! If you want to mitigate volatility, trim into extensions. But if you are going to stress out about every down day as if the money was yours on an open position, you'll never truly be able to scale up comfortably.
Treat every new buy or sell based on it's individual price action. And stop looking at your portfolio value every evening as if the money on open positions belongs to you. Checking portfolio value every 10min only leads to emotional and sloppy execution when you look at the whole and not the individual parts.
If stock A is still acting great then it shouldn't be sold just because you took a small loss on stock B. Exit stock B and continue to let stock A work for its own merits. The minute you start to make emotional decisions because of money is when you ruin your chances at real growth.
@AfroditeWalker Hello ma’am, this is awesome and congrats, hope you’ve crushed the April too. I’m too student of people you tagged above. If you don’t mind answering, to make 40+K in a month, How much was your acc size at the start of March? This will help me making realistic projections.TIA