Chasing a big breakout that you missed is the fastest way to go broke as a trader.
But there's one setup to rely on to get in big winners (even past their pivot points):
Inside Days.
Here's everything you need to master this setup (and start trading it ASAP):
By the end of this post, you'll have mastered:
→ What an inside day setup is
→ Why it's so reliable on names already showing momentum
→ Different ways to enter/exit the inside day setup
→ 3 examples to study & deep dive
→ 1 easy scans to run
Let's get going.
What is an inside day setup?
An inside day occurs when today's price is fully within the high & low of yesterday's bar, hinting at short term consolidation before price continues in the current direction.
It's also best when the inside bar comes on low volume.
Stanley Druckenmiller hasn't had a losing year in his entire 4.5 decades as a trader.
He recently sat down for a talk that every retail investor/trader needs to listen to.
We've broken it down for you into 10 clips (covering TA, risk management, selling losers, & much more):
As we said above, Druck's never had a down year.
We're sure you can imagine why that's important, but he says drawdowns are stressful, and staying out of them keeps you level headed.
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One idea Druck is obsessed with right now?
Whether we're in 1970s or not when referring to inflation.
No matter what you think about the macro, it's valuable to see the world's top investor looking for historical precedents to help him position in current times.