From my experience, this is as good of a rule of thumb as any – regardless of what strategy you're using.
Take for instance the breakout in the biotech sector I just spotlighted above.
If you were just paying attention to the broader market – which didn't go anywhere – you would have missed it.
But it goes deeper than that still.
Because if you were just paying attention to the performance of the sectors, you would have missed out on the moves of the leading stocks in that sector – which did way better.
Case in point, my FIRE strategy identified Viking Therapeutics (VKTX) stock as a leading stock on the verge of a potential breakout on January 9 – right near the beginning of the consolidation period in today's chart.
As of yesterday's close, our position is up 303% – basically quadrupling your money, enough to turn a $5,000 stake into $20,150.
And the other open gains from this strategy aren't too shabby either.
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