Breakout trading is considered to be one of the most common trading methodology.
There are lot's of pro's and con's about the methodology, biut to keep the post short. I will only point on the main aspects.
1. find tops and bottoms
2. Place orders
3. Never miss a trade, as you never know which position will be a winning one,
4. Always have a critical stop
5. Always use a timing stop to close a negative trade
6. trail a position
7. use a fast profit
8. Never miss a thing!!!
I guess that for some it has started to be not as easy as it seems to be , but believe me, it is worth to understand.
the hardest part is not missing a trade, a good part is that you will always enter in a market direction.
please ask me anything.
Sincerely
There are lot's of pro's and con's about the methodology, biut to keep the post short. I will only point on the main aspects.
1. find tops and bottoms
2. Place orders
3. Never miss a trade, as you never know which position will be a winning one,
4. Always have a critical stop
5. Always use a timing stop to close a negative trade
6. trail a position
7. use a fast profit
8. Never miss a thing!!!
I guess that for some it has started to be not as easy as it seems to be , but believe me, it is worth to understand.
the hardest part is not missing a trade, a good part is that you will always enter in a market direction.
please ask me anything.
Sincerely
