How to select the best 4% breakout setups

In this monologue podcast, the speaker explains how to select the best 4% breakouts for swing trading, particularly for those new to trading. The speaker details the criteria for a 4% breakout scan, which includes US stocks, ETFs, IPOs, and ADRs, focusing on stocks up 4% with higher volume than the previous day and exceeding 100,000 shares. The speaker advises against stocks that have been up three days in a row, preferring stocks with a negative or narrow range day (less than 2%) pre-breakout, closing near their high. Additionally, the speaker suggests looking for orderly pullbacks or bases of 5 to 40 days pre-breakout, avoiding choppy stocks, and prioritizing higher volume on the breakout day. The speaker also applies these rules to a scan of 171 stocks, eliminating many based on these criteria and identifies a few potential candidates, emphasizing the importance of intraday analysis and anticipation for optimal entry points.