Aggressive Earnings Breakouts
I always thought you had to wait to trade earnings breakouts.
That’s because I am a pattern trader and focus on technical analysis.
Patterns take time to develop.
However, over the years I have become adept at “gaming” moves by entering specific earnings breakouts on the day the stock breaks out.
Let’s be clear, I don’t do this with all the earnings breakout stocks that make my watchlist.
In fact, out of the 200 plus earnings breakouts that made my watchlist this earnings season, I only entered on the day of the breakout 7 times. However, the success rate is high because we focus on key traits that up the odds that these stocks will run right away.
Basically, I am patient, but when the opportunity strikes, I attack this setup.
The RRGB Trade: 5 Key Elements You Will Learn
In today’s video, I will outline the aggressive earnings breakout trade with recent winner RRGB. You will learn how to increase the odds of success when aggressively trading earnings breakouts without a pattern setup. Specifically, you will learn:
- The importance of the squeeze
- How to analyze explosive volume
- Analyze target levels
- The ideal hold time
- The type of stocks that work best
Now that you’ve watched this video, put the lessons into practice. The next time you see a breakout that fits the aggressive entry profile, go ahead and take a paper trade or low risk real trade and see how you do.
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