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| Three strikes and you're out if you bought the June high on PMTC. Strike 1: the stock fails the new high breakout. Strike 2: it gaps down into the congestion. Strike 3: it breaks the congestion. Two days later, the stock goes into a death plunge and your trading career is over. The most promising opportunities can turn into disasters. And waiting to be right is the best way to be wrong. Time works against you when a trade turns sour. Your wait for validation could take you out of the action for a very long time. Fortunately, most trade setups will warn you of impending doom if you're ready to listen. |
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