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That's all you have to figure out. What causes the breakout and what causes price to revert back to a specific area? Two types of traders trend/breakout and the rogue contrarians.

Now what is your formula for the breakout loss? Technical or percent of capital? Play with those to see what it should be.

even if you just take the little pop off the breakouts and just increase size you will do well. As you get into more size slippage will be a factor.

Buy1Sell2 gave you most of what you need for breakouts. Breakouts are what make up most of the top 10 trading systems. You just have to play the runners properly given the number of false starts. If you figured out what causes a breakout, you are well on your way to becoming a great trader.

the mean-reversion traders are making a killing though

they are feeding on the breakout players this morning

breakout #2, this might be the one

her comes another buy pop

First breakout, let's see.

Buy1Sell2 :)

1058-1048 breakout plays to 1080.

That was fun.

I will unload at 67 and go into breakout mode for any new longs to 1080. Shorting starts as well once it reaches those levels.

LC 8 more points to 67, hee hee.

hey king :)

There is little risk when you know the probabilities are on your side.

Do you really think life insurance companies would still be in business if they had to pay out the term policies with such low rates they charge? They know their probabilities, that is it! And guess what most folks have?

Those who averaged with the market probably just gave it all back with that spike up. Those who tried catching the bottom with full positions on got stopped out several times and have not yet broke even and the market will turn back down just as the position starts showing profit. Now you have...

JSSPMK, It's only high risk when you don't have the proper sized account. It's all relative to the account size. You calculate your risks first (stats and probs) then fund your account accordingly. Did you know that 90%+ of term life insurance polices are never paid out.

Thaz IT.