Five Rules For Higher-Edge Breakout Trades
As traders, there isn't much better than catching a nice breakout. The problem, as we all know, is that most breakout attempts don't really go anywhere and you end up getting stopped out pretty quickly.
However, if you follow a few rules, you can better distinguish between breakout attempts that are more likely to work vs. those that are less likely to work.
Now, does that mean they're all going to work? Or course not. Breakout trades are inherently risky. But, these guidelines help increase your edge.
In this video, I discuss the five rules and then show a few examples. One works, one doesn't. Hopefully you'll find it helpful.
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