Most traders love breakout strategies because they’re simple to find and easy to execute — for the most part.
But the biggest problem traders experience with breakouts is the percentage of trades that end up being losers.
Breakouts are known for being the strategy that causes traders the most amount of grief. There’s little in the way of theory, and breakouts are typically accompanied by volatility… so things tend to happen fast.
The major indexes will start to climb, so traders assume the worst is over and jump in… only to get the rug pulled out from under them.
Like most things in trading, it’s a double-edged sword... The best short-term trading tactics usually have the highest number of losers compared to winners. That’s why today I want to share what to look for to determine false breakouts.
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