romski,
So if i understand your post right, you are breakout trader who plays with good fundamental stocks? as long as you feel comfortable, thats all matters here....
For me, i am not comfortable with that strategy but at times i looks for good entry on brekout area retest. Something is stuck in my mind where i always look for pullback or discount stocks.... i can't buy all time high or recent highs......
One of the other thing which helped me is to have all orders enter the market with target price and stop price...... I don't follow my trade everyday....(my personality)...for me, if i follow the trade everyday, i tent to make more mistake; either sell early or sell near break even....
Again, canslim traders have been doing great buying stocks at highs.... or near high point...
so everything works in the market as long as you consistently try to improve your method....
-R
So if i understand your post right, you are breakout trader who plays with good fundamental stocks? as long as you feel comfortable, thats all matters here....
For me, i am not comfortable with that strategy but at times i looks for good entry on brekout area retest. Something is stuck in my mind where i always look for pullback or discount stocks.... i can't buy all time high or recent highs......
One of the other thing which helped me is to have all orders enter the market with target price and stop price...... I don't follow my trade everyday....(my personality)...for me, if i follow the trade everyday, i tent to make more mistake; either sell early or sell near break even....
Again, canslim traders have been doing great buying stocks at highs.... or near high point...
so everything works in the market as long as you consistently try to improve your method....
-R
