10:28 AM – Going to add another 1/3 to my GILD position here as shares are trading higher with an increase in volume.

ULTRA Trader’s Tip: Adding With Volume Confirmation

• When adding to a position, look for increasing volume to confirm institutional support.

• Adds work best above support or as a stock shows strength from a key level (10 DMA, 50 DMA, trendline).

• Scaling in keeps risk controlled while letting you press winners as momentum builds.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

 

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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts.