What are you gonna do ? It's hard to buy high in breakouts

Autodidact

Autodidact

Hard.jpg


"high"

:D
 
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I struggle aswell, too many break outs have been fake for my likings.

High it is then :)

Why is batman in your high state ??

I'm batman!
 
wwatson1 said:
They nearly always fail, I've watched hundreds of them do it
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Everything does, but breakouts let you risk 10pips for a good chance of making 30-200pips, which even if your right 30% of the time, still makes it profitable.

Ofcourse, I then found batting at 30% that it's really easy to lose 9 trades in a row, which is really bad for confidence even if they are small they add up, but then 1 good run wipes out all 9 of the losses, so it's all good, kinda!!
 
Turveyd said:
Everything does, but breakouts let you risk 10pips for a good chance of making 30-200pips, which even if your right 30% of the time, still makes it profitable.

Ofcourse, I then found batting at 30% that it's really easy to lose 9 trades in a row, which is really bad for confidence even if they are small they add up, but then 1 good run wipes out all 9 of the losses, so it's all good, kinda!!
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.7^9 = .04 or 4% chances
 
so why not get in before the breakout if you stand a chance at failing anyways half the time.. but you'll get a lower price. I think buying at the breakouts are for gurus to hype. Aside from that, lately i feel like my trading has been poop. Anybody else with me?
 
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