Rules and mistakes:
8) Look for a clear breakout.
Don't jump on it just because it hit a new high.
If it is new high keep watching it.
It may be worthwhile to put some money on it if it goes down due to market correction.
Observation has been that in a strong market they breakout and in a weak market they just make a new high and then go down.
Buying breakout only is the best thing.
By Jay Deb
2007-10-23
How To Trade Stocks Without Emotions(15)
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