iBankCoin
Joined Jan 27, 2008
7,297 Blog Posts

Breakouts

Nothing is certain in the market, but I have found in my trading career that breakout plays can be very rewarding. Some seem to run forever, some seem to last for seconds, and some fail. So make sure you have a plan, know your exit, and have a stop in place.

Take a look at one of my first posts on JRCC. Now take a look at the recent chart of JRCC below, notice it moved higher, almost in a straight line, after it traded above the area of resistance.

jrcc.gif

I love trading breakouts. There are times where I will not list my trades, because these trades require me to be in and out of a trade in minutes. My goal for listing breakout plays/charts is to help you understand what I look for myself to bank coin.

New feature: Breakout posts will be categorized in Breakouts, on the left sidebar. This will help my readers keep an eye out for breakouts, as well as help me organize my thoughts. Just one of many things to come from the Cajun.

Note: Remember nothing is certain. Before you trade a breakout play, it may be a good idea to review The Anatomy of a Breakout

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7 comments

  1. buylo

    gimme a break, “in and out in seconds” isn’t that overstating it a bit?

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  2. RaginCajun

    buylo,

    there is a special place coming for you soon.

    but, I was overstating it a bit.

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  3. buylo

    no disrespect intended Ragin, I know the market and plenty of stocks move very fast but “seconds”, for me is a scary proposition, since I’m no where nimble nor experienced enough nor have the right equipment/software to re-act that fast. So I guess I was hoping it can’t be that quick. I know you are very good what with Fly letting you use his time machine, so I will take your word that “seconds” can be the difference between profit and loss – now where can I learn this shit without a time machine? thanks

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  4. RaginCajun

    Hey Buylo,

    not all breakouts happen in seconds, it depends what time frame you are looking at. The majority of my post will be on hot momentum stocks, as well as breakouts. I do my best to show you what I look for.

    -many things to come here soon from Ragin’ on iBC.

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  5. buylo

    yeah thanks but what about the time machine? at least can you post a photo of it? can it get you into girls Giants cheerleaders locker room?, etc

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  6. RaginCajun

    may be able to to do that for you.

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