$ BREAKOUT Chart Plays

[Azy]

without reading anything that LowT said i can just imagine he is talking of not holding a certain stock for longer than 4-5 days... even so - that is valuable only if the stock is not behaving the way you want it to do so. Example PLUG: ibought plug 3..53 just for a channel play... PLUG broke the channel and start running wild... i sold off on 6.63 because i was in need to cover loses and make sure profit on it... i sold off way too early even though the stock was not showing sign of weakness... now plug is 8.30 :D(i`ve re-entered the trade after a breakout over 7.10 but still) - make sure u dont over-trade( i do that a lot... so thats why i loosee way much more than than i have to )...When the trade is working in your favor stop counting days - start making stops... Trail - stops are better in that kinda of situation - making sure u keep your profit and giving you potential to earn more from your investment.(aNd still always ensure you are taking profits but make sure you are taking them adequate to your initial price targets and keep a watch on the trades you exit - so u can re-enter them if the price goes higher and the run continues (and for educational purposes aswell)) :]]