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For example, assume GOOG is trading between 650 and 670. All of a sudden GOOG jumps, or breaks out, to a price level of 700. That type of upward movement from a range is a trigger--the entry. You might say, "I don't know if GOOG is going to continue up, but it's been going sideways for six months, and all of a sudden, the price has jumped to 700 making a new six-month highest high. You don't argue with the market, you just say I'm in."
"The way I see it, you have two choices–you can do what I did and work for 30-plus years, cobbling together scraps of information, seeking to create a money-making strategy, or you can spend a few days reading Covel’s book and skip that three-decade learning curve."
Larry Hite, famed hedge fund manager who achieved a compounded annual rate of return greater than 30%.