The Comeback Kids

It's easy to miss a breakout. I'm sure many of us know how it feels to identify a good stock, and then miss the entry. Then we stare forlornly at the chart, knowing that if we chase the stock, it's likely to return to the initial breakout point. Undisciplined traders who chase stocks higher are often punished when the stock pulls back to its intended buy price. 

Meanwhile, patient traders take the risk that a pullback will never occur -- perhaps the stock will continue higher without us, or maybe it will come back and give us a second chance. Those second-chance entries are considered superior, because the stock has already shown that it means business by breaking to new highs....357 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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