Stock Breakout Of The Day - CLW

Posted by admin

December 18, 2009

Index	Close	Change	% Change	Trend
Dow Jones	10332.82	+24.18	+0.23%	SIDEWAYS
S&P 500	1102.56	+6.48	+0.59%	SIDEWAYS
Nasdaq	2211.69	+31.64	+1.45%	SIDEWAYS
Russell 2000	610.57	+6.32	+1.05%	SIDEWAYS

Why do I have ‘Breakout Of The Day’ post? Why buy stock at new highs and sell higher?

I have a simple answer to this questions: Lets say a stock is trading at $50, which happens to be the new highs for the stock. Now, how can the stock go to 100, 200 or 300? It’s simple: it has to first go through $51, $52, $53…. which “ironically” happens to be new highs every time it goes through these price changes. If you can get this point, it will immensely impact your trading methodology. Give it a thought and let me know your opinions.

This style is adapted after learning the systems from the master traders like Jesse Livermore, Nicholas Darvas and William O’Neil..

Trading Addicts.