There are so many trading strategies to choose from when first starting as a trader, it is however very important to become comfortable and proficient with multiple strategies to become a consistently profitable trader.
In this video we will cover the keys to becoming a better Momentum Trader and more specifically how to trade Breakouts. An easy mistake new traders frequently make is over-trading, attempting to catch every single Breakout that occurs across the entire market. We will talk through the importance of finding the key levels on a stock, what is in fact a key level and how to properly enter a well defined Breakout Trade.
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We will also walk you through what defines an A+ Breakout Setup. How you can apply these rules to higher time frame setups and how to properly manage your risk when trading Breakouts.
All strategies should be back-tested and proven before taken in live trades.
⏳ Outline:
0:00 - Intro
0:50 - The first key point, define what a Breakout is to you
2:39 - Live example of a stock breaking out right at the open
5:06 - Adding additional catalysts to trading breakouts
6:30 - Using the daily chart to find key levels
9:05 - How can a news catalyst change a Breakout setup?
10:38 - If I enter a Breakout trade, when am I wrong?
11:20 - How to avoid "Shakeouts"
15:30 - Summary
Trading Software: daytradetheworld.com/trading-...
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Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
🔖 Useful Readings
• Trading Breakouts - How To Be Successful → www.daytradetheworld.com/trad...
• Use the Momentum Rule in Day Trading → www.daytradetheworld.com/trad...
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Негізгі бет Momentum Trading & Breakouts!⚡ (+ Strategies)
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