#105: [PODCAST] HOW TO REDUCE THE DAMAGING IMPACT OF FALSE BREAKOUTS
Breakout trading is a very popular style of trading, however it does have some challenges which can really damage your trading account if you don’t know how to handle them.
And one of the BIGGEST challenges for breakout traders is false breakouts.
Yes, it sucks getting into a trade only to see it reverse and hit your stop-loss soon after, but it’s a part of breakout trading.
So, what can we do about it?
In today’s episode, we cover some tough questions about breakout trading, including:
Does breakout trading really work?
The impact false breakouts can have on trading and traders,
Why false breakouts usually come in long streaks,
The 4 different types of breakout timing and how they impact the number of false breakouts in your trading strategies,
And much more.
Do you have any trading questions you’d like answered? Submit them here, and we may cover them in a future episode!
Click here to play the episode now.
This article was originally published on the Better Trader Academy blog!