Pullback vs Breakouts

Very quick reminder. If you are following the trend (Duhhh-up lately) it is ok to buy on a break out of resistance.

Pullbacks, when you get them are even better risk-reward trades.

But counter trend trades (shorts for now) have to be made just after a market is overbought. If you wait after the Dow goes down 50 points:

IT IS TOO LATE!!!

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