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BEST PRACTICES – Optimal buy point for breakout

QuestionsCategory: QuestionsBEST PRACTICES – Optimal buy point for breakout
Mike Lenahan asked 6 years ago
Hi Pat - I know this topic can certainly be subjective. I would love to know more about your thought process when evaluating the base of a good quality stock and selecting the optimal buy point. Typically, I think many would look for the most recent swing high, or line of resistance, while also considering overhead supply, and use that for an entry point. I noticed with breakouts, you pick alternate entry points, typically a little earlier, but always cognizant of recent, larger than normal down days. I know there is something going on in your head. :-) Thanks
Mike
1 Answers
Avatar photoOwen Staff answered 6 years ago

Hello Mike,
Video from Patrick:
https://youtu.be/Tk7vQaXD7bg