How to Buy Afternoon Breakouts
I’ve read every one of Tim’s blog posts about earnings, watched every video lesson multiple times, and have watched most of his DVDs close to 10 times over. A lot of his stuff is conceptual, like “just buy on the breakout day and sell a few days later for a few dollars/share profit.” That’s helpful for defining an overall strategy, but when do you click the button to buy?
He goes over “when to buy” quite a bit, and from time to time he talks about buying an intraday breakout in anticipation of a bigger breakout above the day high. This is when I love to buy, and I like to go big because this is such a reliable setup. I’ve seen Tim use this entry strategy for years, and Nate does a great job pinpointing why and when to execute the order in his second DVD.
Most of what you need to know about this type of entry you can learn for free by watching Nate’s youtube video.