Articles tagged with: follow through
Day Trading Journal, Day Trading Pattern Analysis »
Sometimes people ask me at breakout point, should I enter my position right after breakout, or should I wait till the stock further confirms its movement. The dilemma is, if you enter immediately after breakout, you may enter high and the stock failed, so you lose money. But if you wait for further confirmation, the stock since has shot up really high, and will not come down to confirm. Then you missed the perfect chance to enter your position. So what should we do?
Well, I say before we decide whether …
