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Breakout Trading Strategy — A Profitable Trading System, Indicator, Money Management, and Book
Most Underrated Trading Technique in the History of Stock Market
Every trader (be it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout to make good profits
Do you know why?
Because any ‘Entry’ and ‘Exit’ in any trade should come through a breakout or false breakout opportunity!
That doesn’t mean other trading techniques will not work. My explanation holds good if a trader is looking for the best entry point and best exit point.
Let me explain.
It’s important to understand two herds that exist in the market:
1. Smart Money and
2. Dumb Money
‘Smart Money’ refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.
‘Dumb Money’ refers to nonprofessional traders, retail traders who often try to make quick money.
Do you agree that it’s always a good idea to follow smart money?
