How can volatility expansion help the daytrader?

It sounds like a simple concept. I have a little homework for you. Click on this Amazon link . It is a book by Toby Crabel. I’m sure that you have never heard of him. But he is a legend in the managed futures industry and manages 5 Billion dollars. He wrote a book before he started his fund and now the book is out of print. It originally sold for $35. It now goes for $700. Do you want to know the technique that is in that book? Volatility Expansion.

A Simple breakout technique

Use implied volatility to sort daytrading candidates. Stocks or futures that have had a contraction in implied volatility are prime candidates for breakout trades. Check the list daily for candidates. Conversely, isolate the high implied volatility markets for choppy trades and fade breakouts.

I will be expanding on all these concepts and more in the future.