[Locked in]

Truly great that Mr. Weinstein himself found the time to answer some questions for the site/you. Thanks Stan! And thanks David for getting it in!

I really found this specific question/answer helpful as it validates some of the moves I have been making and provided some additional details.

"Q. The book had a whole section on buy-stop orders, which I presume has been dropped over the years due to false breakouts that you would get these days? As I read your Technically Speaking interview from 1997 in which you were talking about buying a strong close above the breakout level, and also note in the GTA reports I've come across that you always say something like "A breakout (on a closing basis) above that level would be the signal to do buying". So I'm assuming that the buy-stop section from the book is now void, and that we should be looking to buy breakouts near the close of the day if they are above the breakout level and towards the high of the day?

A. Because of the increasing amount of false breakouts, investors should only do buying when they see that the breakout isn’t false (and that it closes above the given level). However, a trader should do at least partial buying on an intraday basis when it breaks out above the given level (using a buy stop order), and then if at the end of the day it turns out to be false and it closes back below the level, then traders should immediately get out. But if not false and it hasn’t run too far, then later in the session, traders too can do additional buying."

Of course however, the entire post was extremely valuable to me. Great questions and answers!