The 4 Characteristics of Strong Breakouts
The Traders Blog features a very good article for you stock traders, The 4 Characteristics of Strong Breakouts. In my experience, you want to find a new trend and ride it as far as you can. It’s one of the best rides you’ll ever have.
Back in 1999, I found one in MRVC. I bought it at $10 and I rode it to over $160 a share. I managed to book most of the gain because I sold everything when I took my wife to Italy for her 50th birthday in 2000. I have a rule that if I go out of town for an extended time, I liquidate my stocks. That saved my bacon, because MRVC was one ofthe last dot.coms to peak. It went from over $200 to $0.625!
Traders Blog is part of the INO.com and MarketClub that features many free areas to help you be a better trader, including this interview with Harry Boxer who “has more than 35 years of Wall Street investment and technical analysis experience, including eight years on Wall Street as chief technical analyst with three brokerage firms.”
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