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On not chasing breakouts in this climate
Starting to feel like every time I chase a breakout now, it's just a trap, especially on names with a lot of retail interest. Am I just impatient, or is anyone else finding that waiting for a retest, even if it means missing the initial move, is yielding better results in this choppier market?
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It's not just you. Breakouts have been notorious head-fakes lately. I've found waiting for confirmation or a retest is the only way to avoid getting chopped up, even if it means missing a few runners.