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Leif Soreide
@LeifSoreide
US Investing Champion 2019 | Momentum/Breakout Stock Trader | Founder of Champion Team Trading | Think Beyond The Pattern | *Not Investment Advice
Joined March 2016
191 Following    64.2K Followers
A Follow-Through Day? Today could be a follow-through day. That’s usually when we start looking for opportunities to put money to work. But there’s a catch. The gap is being driven by semiconductors, still one of the weaker groups, following a strong $CRWV report. Meanwhile, most of our setups are in medical and healthcare, and that group is red this morning. Half of all follow-through days fail. Watch @mwebster1971 videos on FTD's, that's your homework! Here’s the question I’d keep in mind: Where do you think we’ll be one week from today? In a full-blown, glorious uptrend, or still dealing with chop, failed breakouts, and uneven leadership? We don’t need to predict the answer. We need to manage risk while the market figures it out. A follow-through day is a reason to get more engaged, not a reason to throw caution out the window. This may be a day to test small, or not at all. Let the quality of the setups and the market’s follow-through determine how much exposure we earn.
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