Missing out stocks that breakout

daily evening i analyse some 50 odd charts and make an entry and exit plan for the next day for the scrips… but recently i have not been able to catch even a single breakout as i can only open 15-20 scrips on a system (or it hangs) and miss out on the ones which r rising sharply in the index…

so how to track those … either through market movers or news bar or some other way…

please please mention cleary the steps to solve this:)

and ya one more thing … everytime there is a small internet cut-off like even for a minute y does NEST plus charts hang and do not continue … while only the normal intraday charts work … because in the middle of trading if i want to see daliy chart or 60 min chart i cannot do that as nest plus is hung… i have to exit from nest trader and again login and then nest plus starts again which is time consuming… i hope u come out with a solution …

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Karan

First of all hats off to you, analyzing 50 charts daily, making entry and exit plans i.e. planning the trades. That shows passion, dedication and hard work which is required for success in area, in fact they are the foremost ingredients for success.

You can check this link for how to identify breakout signs

http://tradingqna.com/3096/specific-method-whether-going-trade-range-bound-going-break

Though the question is for Nifty, these are applicable to any market. This is not exhaustive list but good one to start with. Do keep in mind for as many successful breakouts, there could be equal number of failed ones.

Most important. Do not get bogged down by missing breakouts and fast moving stocks. Do not feel bad and do not get frustrated. Decide on the goal - is it to make money consistently over a period of time or is it to catch each and every breakout. I know it is easy to make lot of money by catching fast moving stocks but over a period of time it gets averaged out due to
-most of these successful intra day breakouts move quickly due to HFT and algo trading, making the risk-reward ratio less favorable. 
-number of failed breakouts are also high. 

Here is what I would suggest 
-What you are doing is completely fine, continue doing it. I know some might feel analyzing 50 stocks is too much. But when you see 50 charts every day, you training your eyes. Over a period of time it becomes easy to detect patterns, identify stocks about to breakout, differentiate between strong and weak stocks etc.
-You are planning the trades. Ensure you trade only your plans. Do not let these distractions make you divert from your plan.
-As for trading, continue if you are comfortable with these many stocks else you may try to bring it down to your comfort level.
-Develop some Volatility Breakout systems (channel breakouts for e.g.) and Trend Following Systems (like Super Trend crossover). These will help in early entry in a breakout and remain in the trade for higher profits.

-Concentrate on relatively strong stocks.

Remember volatility expansion and contractions are cyclical. Stocks that have moved may cool off while sleeping stocks may all of a sudden breakout. If you continue to do what you are doing and follow the above, sooner or later you will be able to identify breakouts, catch them early and profit considerably.

As for System Hang issues and Nest issues, check with a local IT expert if you need system upgrade and get in touch with Zerodha Support.

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thanku sir …
i liked ur suggestion that develop a volatility breakout system … would work on this now …
i good link to start with it would be appreciated…
could u also suggest something on how to improve my SCANNING further (the nest trader technical screener u suggested in some other post is somehow not working in my system)…thankyou

good article on volatility breakout systems by Linda Bradford Raschke (One of my favorite authors)
http://www.traderslog.com/volatility-breakout-systems/
some e.g.
http://www.bollingeronbollingerbands.com/methods/?m=1
http://nastrading.com/volatility-breakout-trading/
http://www.wisdomtrading.com/public-trading-systems/atr-channel-breakout-trading-system/
The above are just examples of different types of volatility system to get an idea.
Do go through books mentioned in http://tradingqna.com/3228/developing-a-trading-system (especially the Charles LeBeau one).
“nest trader technical screener” is custom technical screener which is paid subscription. You can get the user manual for the same https://plus.omnesysindia.com/NestPlus/Support/manuals.jsp to understand exactly how it works.
Following are web-sites with some free pre-built scanners.
http://www.topstockresearch.com/
http://www.bigpaisa.com/
Ninja Trader is a good free software that can be used for finding stocks with custom conditions
Spider Software is a paid software but has good facilities for querying, screening and scan.
Not sure how you are currently scanning to suggest improvements but here are some general suggestions
-restricting list of stocks to CNX 100, CNX 200, FNO scripts only etc instead of entire market.
-filter stocks with daily volume less then 1 lakh.
-Consider only stocks with good bullish (candlestick) patterns for long trades.

thankyou so much…