How Pro Traders Avoid False Breakouts

One of the most common and also frustrating occurrences throughout a trading session is getting caught in a false breakout. In this video we walk you through must know steps on how your can not only avoid false breakouts but nearly eliminate them from your trading completely!******. Watch our Live Trading show, Monday to Friday from 9 am to Noon! https://www.youtube.com/tradertvlive

There are a few key factors to consider when attempting to trade a successful breakout, first and foremost is time of day. The most important ingredient to any successful moment style trade is volume, because of this reason trying to enter a breakout trade in the middle of the session when volume and volatility has died down will typically result in a false breakout. That is just one example of many we will discuss in this video. Where is the stock trading in relation to higher time-frame significant levels? Is there news on the stock? Are you attempting to trade a breakout in the direction of the news catalyst or against. There are a lot of factors that go into producing a successful breakout trade join us as we discuss the most important and show you how professional traders avoid getting caught in them.

⏳ Outline:
0:00 Intro
1:03 Are there significant S/R levels near the potential breakout area?
2:30 Has a move been exhausted?
3:58 Why is the stock moving? Understand the catalyst!
5:08 Only trade in the direction of any catalyst!
7:38 Summary
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Видео How Pro Traders Avoid False Breakouts канала Market Wisdom by TraderTV Live