Breakout Scanner Results & Performance Tracking
Building out a system that will track entries & measure performance to determine edge in breakout system
Happy Monday! Last week I posted the first test run to the breakout scanner system I developed which flags setups poised for continuation higher. This is step 1 - over the course of the next few months, I am going to expand on this with a full database buildout that will track:
Symbols flagged by scanner by date (entry date)
Curated options flow tracking by ticker (are any of these names adding to the bull case with options flow? and if so, what are the trades?)
Performance tracking from date of entry to recommended exit (working on some exit logic)
Tying everything together with a simple site buildout where database can be explored by you guys.
As it gets smarter over time, will look to do a weekly narrowed write up with 2-3 best trades for the week identified by the system
Looking at the picks it gave us on 6/10, here is the performance as of Friday (not including premkt gains today):
This is obviously a tiny sample size so far but as this runs for quite some time, I want it to prove it’s robust in finding leaders and relative strength no matter what the broader market is doing — these are names I wouldn’t normally ever look to trade.
Combining the logic & parameters I’ve built for the scanner with options flow I think will give us a nice nice edge for trade setups.
Make sure to subscribe as after I release the setups for this week, I will be paywalling moving forward.
If you have any ideas/feedback/etc, feel free to post in the chat. Open to hearing what you guys would like to see with this build out!
Do you buy upon breakout or try to get in on coiling names ahead of time