Rule No. 2: Ride your winners while raising your stop along the way. If the trend breaks (stop gets hit), exit immediately.
Traders lose big when they make decisions based on what they WANT to see happen and not what is ACTUALLY happening. $STUDY
Volume is a crucial component for a valid breakout. $SPY $QQQ
It's much more profitable to simply follow what the market is actually doing rather than worrying about predictions. $SPY
Positive thinking does not make you avoid adversity, it makes you OVERCOME adversity. $STUDY