Trading Psychology 101

[price_and_volume]

Assume you're wrong until market proves you right.

The market is ruthless and loves to take money from those who lack trading discipline.

Make every position prove itself.

If the position fails to show due respect, you need to kick it to the curb - you can always re-enter.

"Chasing" is a proven winning strategy. Breakouts are statistically more likely to pay than any other strat - but for them to pay you actually have to exercise some discipline, which means selling some into the run.