Do you know beforehand which stock is going to breakout? NO.
Do you know beforehand which stock will be the biggest winner? NO.
Do you know the sequence of wins and losses? NO.
Can you control what the market does? NO.
Do previous trades have anything to do with future trades? NO.
Because the last 3-trades were winners, does that mean that the next one you take will be a winner? NO.
If your 3-last trades were losers, does that mean that your next trade will be a loser? NO.
Do you know the buy stop? YES.
Do you know the initial sell stop? YES. Do you know your timeframe? YES.
Do you know your target? YES, the target is up.
A lot of traders spend way too much time trying to avoid something that is unavoidable, which is taking losses; they try to do everything in their power to avoid losing trades. The sooner you accept the fact that you don’t have to be right every time to be profitable and that you don’t need to know what is going to happen next to make money, the closer you are to realizing that the market is a probabilistic machine.
You can find stocks before the breakout here (managed assets) or DIY at the trading room
You can view over 200 shared trades including all the ones from last week here
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