Breakout trading is all about timing the market for profits
Before I go any further telling you about this unique trading strategy, you need to know what a breakout trader is.
Essentially it’s a trader who looks for changes in the trend or movement of a share price. They wait for the price to ‘breakout’ of its regular pattern. And then they pounce! Diving into a trade for some lightning fast gains.
An example of a share price breaking out
And one of the great benefits of this trading strategy is you don’t need to wade through piles of research and financial reports. You don’t have to spend countless hours understanding the inner workings of different businesses.
No. All you have to do is track the share price.
And the best way to do this is through technical analysis.
Let the charts tell you when to get in for the fast gains
Technical analysis is simply the study of price movements to try and anticipate future movements in a share price. And to study the price movements, the share prices are plotted on a chart.
Now in the old days, a technical trader would’ve had to manually record and plot the price movements. But fortunately, today you get electronic charts that will show you every movement in a share price at the click of a mouse button.
And because most share charts are easily accessible, breakout trading has become easier than ever.
You can use the charts to look for patterns in the movement of share prices and then pounce when you see the price breaking out of that pattern.
Try it out and you’ll be amazed at what the price charts can tell you. And over time you’ll become more and more familiar with the different patterns and faster at spotting them.
Take a short cut and get years of breakout trading experience in just a couple of minutes
If you want to fast track your breakout trading experience, then let me introduce you to one of the best breakout traders I know, Timon Rossolimos.
Timon spent years learning the patterns of the markets. And he’s narrowed them down to just a couple he believes will give you the best results. And today, he’s willing to share his patterns and breakout trading experience with you.
Until next time,
Here’s to staying ahead of the game.