Advanced Breakout Trading Methodologies
Once you’ve mastered standard breakout trading methods, you’ll be ready for the more advanced techniques, and these are what we focus on in this lesson as we conclude the course. Here we show a few useful tricks for finding better breakout trade entries, such as waiting for confirmations or a pull-back to a better entry zone. Applying hard stop loss orders to scale out of losing trades can also improve profitability. The appropriate uses of trailing stops and time-based exits are also covered.