One of the most common questions I receive in the “ASK BARRY” forms available at this Blog is “How do I buy breakouts?”
Since it’s a question that comes in over and over I decided it was time that I answer it in my Blog.
I wasn’t comfortable trading breakouts in my early years of trading. It didn’t feel comfortable to me. In my gut it just didn’t feel right.
One of my trading teachers loved to trade breakouts. He traded them almost exclusively from what I could tell. I trained with him off and on for a couple years.
I wanted to get out of my comfort zone and become proficient at trading those breakouts with the best of them.
So did I succeed?
Yes and no.
Despite training with that teacher for a couple years, I never did feel comfortable with his method. That doesn’t mean it wasn’t good or that it didn’t “work.” But trading is an individual endeavor and since I’m trading my own money, I need to feel comfortable with the trading method.
What fits one person may not fit another.
However, through that process I developed my own method for trading breakouts that I’ve been using for years now. I love it because the risk is so minuscule and the rewards can be astronomical.
Plus, I get in before the crowds … and that’s the secret.
How do I do it?
I created a free trading video to demonstrate it for you and posted it at FreeIQ, which is a great site where you can get a lot of free information in videos and ebooks.
You can go here now to see my free 10 minute video on how I trade breakouts.
I invite you to write a review of the video after you watch it.
Enjoy!
chin says
This is a great video. I agree with the idea of buying during contraction with divergence and in the direction of the larger time frame.
Great work.
fabrizio says
Hi Barry,
I am a trader from Italy,I enjoy your videos which I find very instructive.
I’ve got a question for you: options.
Do you employ them in your trading? If yes,what are some of your favourite option strategies?
Can you get a little bit into that?
Thank you
Fabrizio
Xavier Willaims says
Hi I really adored your blog post. Don’t stop the awesome work!
john says
Hi Barry
Good comments.
I can not access the breakout video.
Thank