How to make money with breakout trading?

 Friend,

If we look at the data in the market, then more than 95% of experienced traders trade keeping in mind breakout or reversal.

If we look at it on the basis of back testing, then both bring better results but if we give more weightage, then reversal gives better trade than breakout. Because in reversal trade, the stop loss becomes much smaller than breakout trading.

But for both types of trading, it is necessary that we have such stocks which are facing resistance for a good time.

Because only in such stocks, breakout or reversal trade is available.

There are two ways to get such stocks.

1) Manually:

In which you open the chart of each stock and see. This is a very long and complicated process.

If you want manual breakout stocks, then you can follow me on my Facebook profile. I often share the list of such stocks. You can also see from there. Share the link of the profile in the comment section.

Like:

2) Screener:

In today's time, screener is very helpful and easy to select such stocks. If you are looking for such stocks, then do not worry. I will put the screener made personally in the comment section.

Now how to trade in such stocks?

Such stocks which are facing resistance for a good period, at the time of breakout, many times come out above that level and then try to come down.

So wait at the time of breakout and see for some time which has more strength at that important zone. After the break of such a level, most of the time the market definitely comes to retest that zone. This is the right time when we can include the stock in the purchase.

Hope the post will be useful for you.

Thank you