Breakout is one of the most popular trading strategy used by traders. There is a very simple reason why it's popular: Because it works and when it works...it delivers crazy returns in a very short period of time.
Breakout is one of the most popular concepts in Science of Stock Price Action
Here's a new stock where it has worked: TinPlate
I covered TinPlate as a Breakout Case Study on July 16. This is the screenshot.
Now 2 months in the trade: this is what has happened to the stock: TinPlate is now at 242.
It has been a vertical move. If you find Price Action fascinating - then Science of Stock Price is a good place to start. It's a website designed to help you learn various Price Action concepts.
Science of Stock Price Action
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One of the objectives of writing stateofthemarket.net blog posts is to demonstrate how price action works in a very simplistic manner. I have been writing about markets for years now and have developed a unique way of looking at the market. I have developed a course material if you are interested in learning about this whole space which comprises of the following
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers