1 Most breakouts will work only when markets are in a bullish phase. Potential winners of the next bull market are identified when markets are coming out of a bear markets. i.e There are first signs of revival of a bull market after a bear market. Sometimes some stocks/sectors will start their bullish phase well before the broader markets have bottomed out. These can be big winners during subsequent bull markets.
But current market is one that is a full blown bull market and it makes sense to look out for and ride breakouts where set ups are good. ( I think we are not on the same page here. Your query indicates “this prolonged period of dullness” whereas I find current markets full of fun and frolic. How long this lasts is anybody’s guess but current market is one of bullish phase. )
- I am not a method stock picker. I am more of an intuitive/feel based stock picker. If I find that in a company, its easy to understand the triggers, its business, and if the technical set up is good, I zero in on those companies and dig deeper wherever indicated. Sometimes ideas come from technical set ups, sometimes from fundamental angles… Or from fellow investors. If they appear right to me, I dig deeper. Sometimes I have given up on some ideas too early only to see those go up a lot. But as long as you have your fair share of winners, you don’t need to be grumpy.
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