By not knowing how far a stock will go after a Stage 2 breakout or not setting a target I can make more money on the trade than someone who sets a target or thinks they "know" what a stock will do. Earlier in my trading career I would fall into the trap of thinking...

I needed to figure out where stocks were going. This of course is impossible and anyone who thinks otherwise is fooling themselves. This also sets you up for massive losses if you are unable to divorce your view of the market from what is actually happening...

Instead all you need is a plan for any scenario and the discipline to execute the plan. You also need an ability to weigh probabilities and adjust your thinking as the market environment changes. Then you are setup to handle any scenario and you become reactive to the market...

and not predictive. When I come into the market everyday I realize I need to react to what's going on and make adjustments as I process market information which is reflected in price and volume movements in stocks.