Why do traders lose money trading breakouts?
There are many reasons why traders lose money trading breakouts. One reason is that they don’t wait for confirmation before entering a trade. This can lead to them getting caught in false breakouts.
Some other reason is that they trade too big and don’t manage their risk properly. This can lead to them losing more money than they can afford to lose.
Another reason why traders lose money trading breakouts is that they don’t have a solid plan. They may enter a trade without knowing where their stop loss will be, or they may take profits too early and miss out on a big move. A solid plan is essential for trading success.
Read the complete article Is Breakout Trading Profitable? Orignally published on December 5, 2022
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