When a stock fails to break through and triggers your stop loss, you can sell it right away (just like every time you did before), but don't stop watching it right away; it may give you a second or third chance; after that, the trend is often stronger than before.

This is what YOU need to to if you want to become a good trader. No excuses, no shortcuts:
Unsubscribe all financial news. Turn off CNBC etc. They are not your friend, they are there to entertain/scare you.
Look back at all listed U.S. stocks, check the charts of every mover as long back as you can. Look for common patterns that occur over and over again over many different decades. Build a chart database in Evernote, OneNote or whatever. Spend at least a few hun...

My favourite name.  4hr chart breakout and daily chart reclaimed 20days.
Tomorrow Inside Bar pls.

William O'Neil shared 7 rules to help investors avoid wrong basic patterns. Check out all 7 listed below 👇🧵
1. A short-term base of one to four weeks is risky and usually fails. Avoid them.
2. Wide or loose patterns are more risky. It's best to buy a tighter, more closed pattern.
3. Stocks that rise directly from the bottom of the pattern to new highs without any pullback or control points are risky and often experience sharp sell-offs.
4. A bottom break without a real increase in trading volume should be avoided.
5. The last stocks in the group to break new highs were weak and lagging behind. It should be abandoned.
6. The handle area is wide and loose, or the handle wedged along a low point is defective and often malfunctions.
7. The fourth time a stock bottomed out (the “fourth stage” bottom) is usually too obvious to everyone and is likely to fail.

We often say that trading stocks should follow the trend; it is easier to make money. But why are so many people buying popular stocks and losing money in the end?
In fact, great traders often discover stocks when they haven't become popular, or when they are just starting to rise, rather than wait until the whole street spreads their attention.
To make more money than others, you need to learn to predict the next trend, especially in a relatively easy market like Malaysian stocks, where predicting trends is actually not difficult.
If you have been trading Malaysian stocks for a long time, you will find that there is actually a rule in our stock market, that is, during a bull market, sectors usually rise in turns. For example, if industrial stocks rise, it may be the turn of construction stocks, then it will be the turn of building materials stocks, etc. Therefore, when a certain sector starts to skyrocket, we usually pay attention to the next sector in advance, rather than FOMO running to catch up and end up in the middle.
Another thing to note is that if most stocks in a certain sector are rising, only specific stocks are not rising, don't think about running to buy; don't expect a delay effect (Delay Effect). Not that 100% won't happen, but in most cases, the chance of losing money is relatively high.
By the way, industrial construction stocks have performed very well recently. If you missed this round of growth, I would advise you not to chase around; I'm already starting to keep an eye on the next sector. I saw that many individual stocks had good setups.

Now is the time for the bears to come out and express their opinions (because they have been suppressed for too long, due to the current trajectory of the bears), just as the bulls came out to express their opinions before... They always appear at the right time, and at the same time are invisible when they are invisible... I want traders who read the article to discard all opinions and build their own system [including: position size, entry point (bull/bear), strict stop loss level (determined before buying), and strictly implement it, and continuously optimize your system. Please believe that the victory in the long run will belong to you first (please believe that the victory in the long run will belong to you first) yourself You will definitely succeed; this is the foundation for your success)
“The best people don't just look forward to winning, they know deep down that they will win because they can do everything to win.” -Marc Minervini