Trends change after a certain percentage pullback. Good trading stocks hold a momentum rally that does not breach a 10% pull back, hence they step well.
A good swing trade is best when the pullback does not breach the 10% (ie 8% to 12% give or take), hence every pullback on Apple Inc during 2014 allowed a swing trade winner! Know where the 10% stop loss is, why! The massive population of money managers know where it is!
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"In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction." ~ Jesse Livermore
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." ~ Nobel Laureate for Economics Paul Samuelson
"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig
"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffet
"It's not what you own that will send you bust but what you owe." ~ Anon