$STUDY Yesterday's Winners

Some studying I'm doing for the development of new setups :) I kind of enjoy doing this work although this study is really shitty I suppose because it is full of biases such as of course hindsight bias and a lot of pattern/data mining. I am well aware that what I see in these charts might just be random noise and I might eventually be developing setups out of nothing but nevertheless I also believe that this might lead me into setups that I can work with eventually, if not...then on to the next!

 I like the pre-market action here but mostly it just faded. There is no setup here for me because I will just be picking a bottom here and I'm not good with that.

No pre-market action and really strong price action right outta the gate. Noting the first 10 minute bar here that was tight AF. Setting the trigger buy at just above the highs here would have captured a little meat (not the highs).

Another strong pre-market mover that just traded lower. Sometimes I feel like the returns have already been captured in pre-market action and participants just leave it at that. It is obvious that a lot of speculators in the pre-market thought that this was gonna fly. It was just faded heavily.

This was a nice move out of the gate, I am fully aware that this wouldn't have reached my scans by this point so this is why I'm removing my volume filter for the scans in the morning.

Same story here. right out of the gate we see a gap but the 4% stockbee trigger wouldn't trigger until the second bar. Would have captured some nice meat here as well.

Nice pre-market mover that didn't really do anything. It is starting to look like not all of these pre-market movers have nice smooth moves. This one just basically gapped up and traded sideways for the rest of the day. Just another mental note that it is DIFFICULT to catch trending stocks and pre-market is not the tell that I was hoping it to be.

PBRX didn't have a lot of pre-market action. It is in a sector that is definitely moving right now (Energy). The trigger of this one I think happens in the first 10 minutes so a nice buy trigger above the highs would have gotten me some nice cash.

This is the price action that makes me think that if I was gonna play pre-market movers, I would need to wait for more data otwards the middle of the day. This is obviously not going to work with my schedule.

This one as well. This one I believe broke out with volume towards later in the morning. not as exciting but gets the job done. We see the breakout here happening towards lunch time. It wouldn't have appeared on my scans.

Summary/Action Steps:

• Focus on first 10-minute bar. Stop at some kind of low (or prior day's low)
• I'm sure there will be stops that require me to put at 20% or so below price. Focus on ones that I can trade with a stop of less than 10%. Prior will be too volatile.
• Removing volume scans for now and will embrace the noise. When volume steps in, it might be too late for me.

Gonna apply this to setups later. I'm a little excited to try out something new.