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Breakout Stock Trading
Breakout Definition: An escape, often with the use of force. An instance of surpassing any previous achievement. In terms of trading breakout stocks in the stock market, that definition also holds true. The theory of breakout trading is that price momentum will continue to carry the stock far enough beyond the breakout point for the trader to be able to seize a profit.
I'll break it down for you:
This chart pattern is known as the "Cup and Handle" formation.
In his classic book How To Make Money In Stocks: A winning System In Good Times and Bad, Bill O'Neil outlines step-by-step on how to find and breakout trade the best
Growth Stocks.
In his book, Bill O'neil calls his breakout trading system "CANSLIM". Each letter in the word C-A-N-S-L-I-M stands for one of the seven chief characteristics of great winning Growth Stocks at their early developing stages, just before they break-out and make huge profits for their shareholders. The explanation of each letter is as follows:
The reason breakouts are such an important stock trading strategy is because these setups are the starting point for future volatility increases and large price swings. In many circumstances, breakouts are the starting point for major price trends and huge profits!
Breakout Stock Trading System ______________________________________________________________Breakout trading happens to be my trading system of choice. Specifically, the stock trading system I personally use, is the Pitbull Investor System, developed by a fellow named Henry Ford (no, not the Car dude). The The Pitbull Investor Trading Strategy is based upon William J. O'neils breakout CANSLIM system.
This stock system takes the guesswork out of finding good candidates that are poised to take off. Utilizing these selections in conjunction with Pitbull's Money Management, Stop Loss and Exit strategies, has produced astounding returns time and time again in all market conditions.
Click Here to Learn More About Pitbull Here's another Monster Profitable Breakout:
Tell Us About Your Favorite Breakout Stock Trading StrategyIs there a specific Breakout Stock Trading Strategy or Technique that you use, that is not described on this page? What Other Visitors Have Said about their Favorite Breakout Stock Trading Strategy
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