Breakout and Gap Stocks

GIMO possible bottom breakout

BREAKOUT WATCH for possible breakout above 17.99, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 21.27, 20.9% Stop: 16.66, Loss: 5.3%, Profit/Loss ratio: 3.9 : 1 - Excellent



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=GIMO"><u>GIMO at StockConsultant</u></a>

 

Stocks4life, thanks for the tag on FNSR.

It's a very catchy thread you have on here. However, in my case, I think I have to work on my psychology of adapting to a 2.5-4 R:R. I mainly day trade and at a minimum, I will enter in at a 4:1, with the best ones being 10:1 or higher (which are rare).

Also, since I'm not accustomed to swing or longer term trading, my win rate would be lower, but I guess the only way to get better with this is to get out of my comfort zone and take a little bit of a beating (pay my tuition ).

ATM, I am looking to get my earnings from my day trading account to get working. It seems a waste for it to just sit there. This seems a decent way (albeit the learning process), so thank you for the thread.

 

10:1 R/R patterns may be a freak of nature, 3:1 R/R pretty common and lets you take different pattern setups.

 

ADT another possible bottom breakout

BREAKOUT WATCH for possible breakout above 32.59, no resistance in area just above.
Type: True breakout from double resistance.
Target: 34.88, 7.7% Stop: 31.72, Loss: 2%, Profit/Loss ratio: 3.9 : 1 - Excellent



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=ADT"><u>ADT at StockConsultant</u></a>

 

AAPL confirmed continuation breakout

BREAKOUT CONFIRMED breakout above 602.78, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 635.1, 4.9% Stop: 591.87, Loss: 2.2%, Profit/Loss ratio: 2.2 : 1 - Good

 

With longer term setups, I have to agree.

 

MACK second leg starting, great volume

VOLUME 1.9mil shares, +122% compared to typical volume of 854.1k by 12:55 pm ET (15-20 min delayed).
High Volume alert!
Typical daily volume is 1.74mil shares over the past 6 months.

BREAKOUT CONFIRMED breakout above 7.08, no resistance in area just above.
Type: True breakout from double resistance.
Target: 8.4, 15.5% Stop: 6.78, Loss: 6.7%, Profit/Loss ratio: 2.3 : 1 - Good



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MACK"><u>MACK at StockConsultant</u></a>

 

MNTA bottom breakout possible good resistance gap

BREAKOUT WATCH for possible breakout above 12.17, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 13.28, 9.6% Stop: 11.74, Loss: 3.1%, Profit/Loss ratio: 3.1 : 1 - Excellent



source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MNTA"><u>MNTA at StockConsultant</u></a>

 

Do you track the performance of these trades somewhere?

 

I posted a similar question back in January. But it wasn't answered.

http://www.elitetrader.com/vb/showthread.php?p=3929326#post3929326


It would be nice to have the P/L posted. There is 6 months of data to work with, that should be enough to get a good idea on the success (or lack of success) of the charts.