I also like using a Bollinger Bands (20) breakout as an additional signal—especially when the price breaks out with strong volume after a period of consolidation. That said, I only apply this approach to stocks with big news or announcements, as these tend to create the volatility and liquidity needed for a short-term setup to work. This combination of technical analysis and market catalysts has given me some of my best quick trades.
If there’s no strong news driver, I prefer to trade stocks for mid to long terms instead. Short-term trades can be exciting and profitable, but for me, they work best when backed by both technical signals and a clear catalyst.
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- GregoryRichardson·08-11TOPAwesome insights! Love your strategy! [Heart]1Report
- breezzi·08-11TOPLove your strategy, very insightful! [Smart]1Report