As traders it is our job to remain nimble and flexible enough to adapt to changes in the markets as they happen throughout the year.
Over the past two weeks defensive stocks stepped aside and made room for the cyclical sectors to make a move higher. At the same time, the high probability trade has become to trade horizontal breakouts as one group after another gets the green light to rally higher.
Plenty of groups of stocks are still readying to break higher, which begs the question; do you have a strategy to profit from chart breakouts?
You are cordially invited to join the webinar on 'learning how to correctly trade chart breakouts':
Tuesday, May 14, 2013
4:30 - 5:30 pm EST
In this webinar, I will discuss the major points I focus on when trading breakouts and how I limit my risk on each trade:
· Spotting the opportune entry point
· To scale (in/out) or not to scale
· Setting proper stops and profit targets
· Waiting for the breakout – how long is too long
Serge & Team