remember, this market continues to favor a quick, hit-n-run trading style, meaning that taking profits at the early targets vs. holding out for the higher swing targets is the preferred M.O.  i also frequently mention the benefits of setting your sell limit orders slightly below your selected target area, as to assure a fill and that holds true more than ever in a nervous, choppy market like we’ve had for the last few weeks.  here’s the original and updated daily chart of the Active AMSC long trade.  as you can see, the stock broke out shortly after the set-up was posted and came within pennies of the first target just 8 trading sessions later (or 7 sessions, if you waited for confirmation of the breakout the next day) for a quick 12% gain).  i won’t count this as a completed trade for tracking purposed, since it did not exactly hit my first target yet but i would not be surprised if AMSC continues to drift lower from here now that it came so close to that target level.  remember, in a market like this, i’d imagine that i am not the only trader with a  “take quick profits mentality.  therefore, if all eyes are watching the $$ level to take profits on XYZ stock, then you’ll have a big line of sellers stacked up there and the smart ones will usually decide to take profits a little early vs. risk their sell order getting pushed to the back of the line with the rest of them.