RE: Beginners Questions
ok, understood.
I can agree with setting the alert, and that is exactly what I do. But there has to be some initiative there to buy at some point if the price hasn't broken out to aggressively so that you can can the price as close to the breakout point
as possible. So providing the price hasn't faked out and has reversed fast, and you have you caught the price at a good time just when it is nudging up ahead but not too aggressively (LSE:HHR is good example of this).
I guess the point I am making is, you have to take that chance with a breakout and start to buy at some point (obvoiusly not too far into the breakout), So if the main market is good, and the sector is good (although there are stocks that breakout nicely in bearish sectors), and initial volume is good then it would be wise for traders to start dipping their toes in the water.
Thanks