The complete breakout trader PDF- Day Trading Strategies that Work- is a simple and comprehensive trading method that you can use in all markets, with potential profits far outweighing the risks. It was used by such giants as Jesse Livermore, Nicolas Darvas, Richard Dennis and the Turtles, Linda Raschke, and many others.
- How to trade advanced forex breakouts
- Explosive stock trading strategies
- High Probability Trading Strategies
Category: Technical Analysis
Author: John Connors
Free Download link: At the end of the post
A trader really needs only one setup, one strategy, to be successful. The setup you choose is absolutely crucial to your success. Some setups do not occur frequently enough, or are too tough to trade psychologically. Others are not universal enough, and work only occasionally on some instruments. And still others do not give you enough profits for the risk taken, or are too complex to execute under live market conditions.
Breakout trading does not suffer from any of these defects. It is a simple, comprehensive trading method that you can use in all markets, with potential profits far outweighing the risks. Some of the most profitable traders in history, early and recent, were breakout traders: they would take a position immediately when they felt a trend has started.
Perhaps the most famous trader of all time, Jesse Livermore, would take a position once the markets broke out and started trending, staying away from range price action. Consider what he says in his now famous reminiscence: “The thing to do is to watch the market, read the tape to determine the limits of the get-nowhere prices, and make up your mind that you will not take interest until the price breaks through the limit in either direction.” (Reminiscences of Stock Operator, 140).
Livermore did not wait for pullbacks either: “I never buy on reactions or go short on rallies.” (How to
Trade in Stocks, 20). He would take a position once he has satisfied himself that the market left a price range and started trending. He was a breakout trader.
Nicholas Darvas, another trading legend, the author of “How I Made $2,000,000 in the Stock Market”, says: “My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.”
And in recent times, the Turtles became famous as systematic breakout traders, making millions in the commodities markets. Breakout trading is a great way to go if you are looking for a tested and a profitable trading.
Breakout Trading is a simple and comprehensive trading method that you can use in all markets, with potential profits far outweighing the risks. It was used by such giants as Jesse Livermore, Nicolas Darvas, Richard Dennis and the Turtles, Linda Raschke, and many others.
How This Book Can Help You
The Complete Breakout Trader will teach you:
– The Essentials of Breakout Trading based on Price Action
– Understanding of Market Modalities
– Where to Enter and Exit your Position
– The Art of Catching Monsters (large profits)
– How to Improve your Trade Success Rate
– Pitfalls to Avoid in Breakout Trading
– Additional Tips for Continued Trading Success
…and much more.
Table of contents- The complete breakout trader PDF
What is Breakout Trading?
The Art of Catching Monsters
How to Improve Your Trade
Pitfalls to Avoid
Where to Go From Here
“It was a good book. Here is what particularly stood out:
1. It was short, no fluff, no filler. I like that, a lot. Straight to the point and no messing around with lengthy anecdotes and real-life stories.
2. The criteria to distinguish between a strong breakout candidate and what may constitute a ‘fakeout’.
3. The chart examples, of course.
There is nothing I didn’t like about the book. Remember, there is no Holy grail so nothing is going to work 100% of the time, but this strategy is one I had been using before I read the book (but I am always looking to learn more and new things) and for the most part, I find it to be good bones for your Frankenstein.”– John Cox
About the author
Download ebook The complete breakout trader PDF
e4t, the complete breakout trader day trading strategies that work, the complete guide to breakout trading pdf download