Looking at trades like this its difficult to remember the struggle I went through putting on losing trades for nearly 3 years straight! But who cares about that now, right?! When you learn to put on trades like this all the hard work and frustration pays off tenfold. Like when we caught this breakout in RAD after getting the March '09 trend change as right as we could get it.
RetailTrader.Net is the premier stock market portal for retail traders of all experience levels and account sizes. Whether you want to learn how to trade yourself or simply speak to your brokers in a language they will understand, then RetailTrader.Net is the right place for you!
Traders, there are hundreds of hours of free trading videos on the internet and TONS of free trading resources. Trouble is you have to be able to know what is, well, crap, and what is not. Lucky for you we know what crap is (um, that didn't sound right) and we know what rocks. Here's a video that rocks. Keep checking back for more!
The breakout to new highs is one of the cornerstones of a solid trend following approach. It shows strength, momentum and buying preassure. When price crosses over a prior high whether it's a 20 day high, a 1 year high or an all time high you want to take note.
Unfortunately, when it comes to trading breakouts, a lot can also go wrong. You can get stopped out, faked out and worst of all, fizzled out! That's why I put together Breakouts for Beginners, a new trading e-book to get you up to speed on what can go right and what can go wrong trading new high breakouts. So download the report today.
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