How to See a Breakout, before it really happens Quotes

“Common sense tip: Beware of herd mentality. When there is too much hype over a stock, it is near its peak and going to fall.”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels

“Remember, in stock market you shouldn't squeeze for the last penny, but make a disciplined exit at your target. Avoid greed. Always follow your entry and exit points, which you have prepared well in advance.”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels

“Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because human nature never changes.' -Jesse Livermore”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels

“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance. - Ed Seykota”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels

“Most investors treat trading as a hobby because they have a full-time job doing something else. However, if you treat trading like a business, it will pay you like a business. If you treat trading like a hobby, it will pay you like a hobby, and hobbies don’t pay; they cost you. -Mark Minervini”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels

“After breakout, price usually returns to the former channel line to kiss it good-bye. This is called retest. When a stock price breaks a resistance, old resistance becomes new support and after kissing it, the price flies to new horizons. It is wise to wait for the kissing ceremony and when the price rises after the kiss, make your move. Or make it near the end of the trading day. Usually, the stock price tests the previous resistance level after 2-3 days. Ideally, it should retest on low volume and volume should increase when it resumes its upward journey.”
― Sudhir Dixit, How to See a Breakout, before it really happens: Breakout Signals in Descending Channels