I just finished Trading Tickers! By far my favorite dvd! Holy shit there's so much in there i needed to see. For instance. My biggest problem has been consistency and sticking to one or two strategies. For me, my favorite strategy is buying big breakouts. In this past, something that I've done, which always results in my taking a loss, is not going in with a set "oh shit price." It was always like, "oh its breaking out of multi day/week/month resistance I'm going to buy it. But once it breaks through and pulls back a bit, the price usually tends to drop underneath the breakout point. In this past, this had been my "support level," which of course is stupid, as support needs to earn itself through showing, duh-support. 

So the 3 biggest lessons I've taken away from Grattani's method of buying breakouts, which i will adopt are the following. #1, when you go in to buy a breakout, MAKE SURE YOU HAVE ABOVE AVERAGE VOLUME!!! Tim couldn't stress how important this was. Reason being is you will have liquidity, easy in and out access, and you know the stock will be volatile. This is soooo important. #2, when you buy a breakout, your support level should be the CLEAR level of support you see on the chart underneath the breakout point. NOT THE BREAKOUT POINT ITSELF. Something that he says works is buying the higher dip of the consolidation underneath that KEY breakout point. This allows you a price cushion. So if you buy the dip with a higher low, leading up to the breakout point, or if you buy the breakout point, DO NOT SELL UNLESS THE PRICE DROPS BELLOW YOUR PRE-DETERMINED SUPPORT LEVEL. I lost SO much money in the beginning, simply because when the breakout didn't shoot to the stars right away, but pulled back below the breakout point, i would end up taking the loss, thinking that my support had been broken. After i would cut the loss, the stock would end up bouncing back and proceed to breakout...most of the time. If you look at a supernova, it seems like they just went to the moon. However, if you look at the intraday, the price action typically shows that there is quite a bit of grinding upward that occurs. You must be patient. Again, don't cut your loss right away when the price pulls back underneath the breakout point . This is normal. HOLD AS LOST AS YOUR TRUE SUPPORT LEVEL HOLDS. #3, hold through the dips. When Tim buys his breakouts, he likes to see there potential. So when you buy a breakout, and you hold thru the first pull, AS LONG AS YOUR TRUE SUPPORT HOLDS, and it makes a new high-if volume remains, Tim holds these breakouts as long as at the chart shows that it is keeping its momentum. Hold the breakout through the dips, and if you get some good profit, start to pay yourself off along the way. Keep a 1/4 or a 1/3 of your position, until the chart says you should get out-typically when there is a trend change. 

I hope these three pointers help! Remember, whether you buy the higher low of the consolidation underneath the breakout, or the breakout itself, hold as long as true support holds. Tim REALLY stresses how a lot of traders get shaken out of a trade, simply because the price pulls back somewhat after the first initial surge of the breakout. Be patient and hold, as long as support holds. Have a good day!