Well then, allow me to explain. So many times a stock will hit a resistance, then fall back. What I wait for are breakouts. I want to buy my stocks AFTER they have gotten through their current resistance. I would rather be right more often with less return, then less often with more return. Does that make any sense to you?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.