Tracked 34 sub-10M float breakouts and broke them down by setup type — the most common trigger was also the weakest one
Been logging sub-10M float momentum breakouts for a while — not every trade I've placed, just names that actually ran, so I could find the real patterns instead of going on gut feel.
Broke the last 34 down by trigger type, entry time, and float size instead of just looking at the move size. A few things stood out:
* **200-DMA breaks were the most common setup by far** (9 of 34) but had the weakest median return of any trigger type. Rarer setups like 50-DMA breaks and multi-year highs consistently outperformed, even on a small sample.
* **Entries in the 10:00–11:00 and 1 PM+ windows outperformed the open.** The 9:30–10:00 and 12–1 PM windows were the weakest, which surprised me — I'd have assumed the open was prime time.
* **Float sweet spot looked like sub-2M, not sub-1M.** Names in the 4–6M float range were the weakest bucket by a wide margin.
* **Hold time correlated positively with size of the move** (0.57) — the biggest winners weren't the quick flips.
Small sample so take it as directional, not gospel, but it's enough to make me stop treating every breakout the same way.
Curious if anyone else has broken their runners down this way — did you see similar patterns, or is my sample just skewed?