Transcript for:
Breakout Trading Strategy Essentials

listen to his breakout strategy that strategy is when your stock is uh gapping up or gapping down or have very significant amount of volume it doesn't work on any stock if give me a random ticker like Ford today it doesn't work probably so it has to be something that has some fundamental news on it like Tesla so I look at the stock is how it's trading at the premarket is it trading above weap which is a volume weighted average price what the are you talking about man will below that if this stock is a squeezing above the weap and shows them a strength in the first minute or five minutes then I can take that trade into the direction of uh of the breakout so that would be 5 minutes so look at the first Candlestick 5 minute if it's bullish above the VAB you go long you put the stop loss below the VAP and you try to get to the breakout of uh pre-market high or the next technical level that you have