“It’s better to know where the real leadership is and how it’s acting than to know how many more mediocre stocks are advancing and declining.” — William O’Neil

William O'Neil analyzed 7,500+ stocks over 25 years. These are the biggest factors that determine if a cup with handle will succeed or fail.

Big moves start with institutions. You’ll see it in the chart before the news. Price up on big volume, pullbacks on light volume, tight price action. These are all footprints.

Leadership shows up in relative strength before the breakout.

Three leaders confirm group strength. One stock breaking out might be isolated. Three stocks from the same group breaking out signals institutional money rotating into that sector.

No stock is immune to group action. When a group weakens it will eventually pull down even the strongest names. A stock might resist for a while but once the group turns it’s only a matter of time before it follows.

The best traders can put on a trade without the slightest bit of hesitation or conflict, and just as freely admit it isn’t working. They can get out of the trade—even with a loss—and doing so doesn’t resonate the slightest bit of emotional discomfort. — Mark Douglas

What price does is the only information you need.

Van Tharp knew that profits come after mindset. This is the belief system that all winning traders share.

Also going along with learning from other traders. This Shake Pryzby interview with TraderLion is fantastic. I am about half way through so far. One of the better interviews about swing trading and the process of entries/exits that I have heard in a long time. Highly