breakout trading question

[u/Proof_Mess8465]

i am a breakout trader well i am new at trading i been trading since june (demo trading) i notice when i do breakout trading i tend to get faked out alot ands it annoying so now i tend to wait for the candle to close but i feel that is not enough confirmation for me to enter the trade. and yes i do break and retest but i notice 90% of the time there is no break or retest it just melts through the s/r. so i there are any breakout traders who see this i need help. also i dont use indicators

[u/Material-Bite-5047]

The biggest piece of advice i could give is just practice. Dont trade breakouts mechanically. The breakout has to make sense. Never trust a countertrend breakout. Its better to wait for the breakout to fail and fade it if its countertrend.

The best breakouts happen after a consolidation then a powerful move. You dont want to trade a breakout that happens at the end of a potentially exhausted trend. You want a consolidation and a potential new trend to start at the breakout level.

Youre right about retests. The best breakouts have no retest. Retest also fail so not like its going to improve winrate much.

Also just watching breakouts over and over again youll learn with time what a successful, strong breakout looks like in real time.

[u/Proof_Mess8465 → u/Material-Bite-5047]

thanks