Part of our weekly Q&A series.
Breakout trades!
Breakout trades occur when we take a trade in the direction of range extension. There is a great example of this exhibited in this discussion.
We began the discussion with a look at a breakout trade in Nasdaq futures.
Then we opened the floor to questions.
Additional questions asked and answered:
- What are you looking for taking a trade? I mean what price needs there be for you to take a trade?
- Wouldn’t you say those series of frequent trades had given you the experience of knowing when to trade vs if you had been patient taken fewer at the start?
- When it comes to trading “If you don’t know who you are, then what you know doesn’t matter.”
- What’s your average contract size that you guys put on?
