When a stock breakout fails and triggers your stop loss, sell immediately (just like you did every time before). However, do not immediately give up on observing it. It may give you a second or third chance, and the trend after that 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 common fundamental mistakes. Check out all 7 rules listed below 👇🧵
1. Short-term bases lasting one to four weeks carry high risks and often fail. Avoid them.
2. Wide or loose patterns pose greater risks. It is better to buy tighter, more confined patterns.
3. Stocks that rise directly from the pattern bottom to new highs without any pullback or consolidation are risky and often experience significant sell-offs.
4. Bottom breakouts with no real increase in volume should be avoided.
5. Stocks that perform weakly and lag behind after breaking new highs in a group should be abandoned.
6. Handles with wide and loose areas, or handles with defects along the low-point wedge are prone to frequent failure.
7. The fourth formation of stock bottoms ("fourth stage" bottoms) is often too obvious to everyone and may 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 bears to express their opinions (because the market has 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 see the article to abandon all opinions and build their own systems [including: position size, entry points (bull/bear), strict stop loss levels (determined before buying), and strictly implement them, and continuously optimize your own system. 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 they can to win.” -Mark Minervini