Many people draw the lines on the chart very straight, but when it comes to placing an order, their hands hesitate and can't press the button.
Where is the problem? It's often not the technology, but the mindset.
Always want to buy at the first breakout, afraid of missing any profit. As a result, they are repeatedly shaken off by fake moves. When the real trend arrives, they are afraid to act.
Therefore, for new traders, a more reliable breakout strategy is actually: wait for the second confirmation, or even the third test.
Step 1: Identify key structures Where are obvious support/resistance levels? Where are the trend boundaries? Plan to trade only at these points.
Step 2: Only trade on pullbacks after a breakout (or rebounds after a breakdown) Don't wait for the "breakout moment," but wait for the market to retest and confirm that the level is valid.
Step 3: Use the structure itself to set stop-loss and targets Set stop-loss and take-profit based on the high and low points of the pattern.
This simple breakout strategy logic ensures: profits are clear; losses are accepted.
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Many people draw the lines on the chart very straight, but when it comes to placing an order, their hands hesitate and can't press the button.
Where is the problem? It's often not the technology, but the mindset.
Always want to buy at the first breakout, afraid of missing any profit. As a result, they are repeatedly shaken off by fake moves. When the real trend arrives, they are afraid to act.
Therefore, for new traders, a more reliable breakout strategy is actually: wait for the second confirmation, or even the third test.
Step 1: Identify key structures
Where are obvious support/resistance levels? Where are the trend boundaries? Plan to trade only at these points.
Step 2: Only trade on pullbacks after a breakout (or rebounds after a breakdown)
Don't wait for the "breakout moment," but wait for the market to retest and confirm that the level is valid.
Step 3: Use the structure itself to set stop-loss and targets
Set stop-loss and take-profit based on the high and low points of the pattern.
This simple breakout strategy logic ensures: profits are clear; losses are accepted.