Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled “A Dramatic Shift In Price Action”. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from a developing trader.

My answer was “Yes”. This developing trader has a better chance at success than most. They are willing to work on their game, ask questions, and learn to identify repeatable patterns. In this case we are talking about low priced stocks that have small floats and have powerful Day 1 moves on unusual volume.

When the trader asked this question about VSLR it was trading around 10.40 in a very tight consolidation (see charts below). Within an hour it broke out and had explosive move to above 11. Well done studying and looking to find your edge. You are heading in the right direction.

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years (19 next week ;). His email address is: [email protected]

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