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Breakouts: Are They Working For You?
I have been in the trading business for over 15 years as a trader, fund manager, and trainer, beginning on the floor of the Chicago Mercantile Exchange. While I feel like I have seen it all, the one thing that still surprises me is how most traders handle breakouts. Most traders seem to let emotion complicate what can really be a simple, rules-based, and very profitable strategy. Trading breakouts can be high risk, high stress, low reward, and low probability, or this strategy can be low risk, low stress, high reward, and high probability. The difference lies in how you “think the markets.” Do you think like a ... (full story)
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forget about tomorrow, just steal away into the night
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