$SANTOS — Have you heard the phrase: "trading on a breakout of a level or resistance"?
Have you noticed how many problems such an approach brings?
A false breakout is when the price breaks through resistance and immediately reverses, causing a naive trader to incur a loss (the recent false breakout of SANTOS is shown in the image; I have accumulated hundreds of such examples).
Write in the comments how many of you trade breakouts of levels or resistances, and how profitable this method has been for you.
(This message is not about the market or the current situation of SANTOS, but about increasing education in trading.)
Have you noticed how many problems such an approach brings?
A false breakout is when the price breaks through resistance and immediately reverses, causing a naive trader to incur a loss (the recent false breakout of SANTOS is shown in the image; I have accumulated hundreds of such examples).
Write in the comments how many of you trade breakouts of levels or resistances, and how profitable this method has been for you.
(This message is not about the market or the current situation of SANTOS, but about increasing education in trading.)