Many looking into buying a specific stock typically look at:
The broad market
The chart of the specific stock (a la technicals)
And none of these are wrong.
But there’s one step I take first before studying any of these 3 points.
Call it a “step back” approach to determining if a stock is about to rip higher.
It’s a simple tip to follow… yet, so many traders and investors do not do it.
They simply look at an earnings report… or they peek at a chart for a ‘breakout’ and leave it at that.
Those items are important…
But what if I showed you one key piece that’s missing from that approach.
Could save you a lot in losses…
But also raise your winning percentage tremendously over the long haul.
Again, one simple tip.