Thomas Wood

I want to create a thread that explains why I am a breakout trader. One of the main things I watch for when trading is market compression and expansion phases. Money is made during periods of expansion and many traders get chopped up while the market is compressing. But if you understand these two phases and how to identify them, it can make a drastic difference in overall profitability.

Did you survive today? Ugly market for sure.

Caution with limit down approaching in $NQ_F $QQQ. Don't go bottom fishing.

$MU testing the 200 day MA now. More selling in the AI trade today.

$ROKU daily breakout worth watching:

$KD with the big ol breakout:

$AMD trendline holding on for dear life:

$MRNA do you think it is a dead cat bounce?

$TGTX daily looks good:

$COIN trying to stay alive so far.

$NAIL initial targets hit:

$SNOW daily looking ugly with the support break and losing $300:

$PLTR watch the daily support as well:

$NAIL working well so far

$TSLA breakout + Retest:

Do or die for $COIN here. Big support level, so far bouncing back above it:

$SPY $ES_F back in the lower end of the daily range:

bitcoin:native dropping like a rock… what’s going on here? Did it miss earnings as well?

$PODD testing monthly support as well. Not a bad bounce so far:

$IBM not a bad looking chart here. Ready to fill the gap?