Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market

5.13. CONCLUSION

By fully utilizing the concepts of pocket pivot buy points, gap-up buy points, and the Seven Week Rule with respect to the use of the 10-day and 50-day moving averages as sell guides, all in combination with orthodox O'Neil buying rules such as standard new-high/base-breakout pivot points, we can gain an edge in our position entry points relative to where the "crowd" might be compelled to come in and buy a stock. As well, these techniques provide critical assistance in how we handle a big, winning stock during its uptrend, both adding to and cutting back our positions along the way as the stock flashes buy points and moving average violations that help us handle risk and maximize our profit exploitation of such a stock. This chapter has provided a good deal of the "meat" with respect to how we maneuver the twists and turns of the market as we handle a potentially hugely profitable position in a big leader, and concretely answers the classic question every investor is faced with when they first buy a potentially big, leading stock: "Now what?"