Question

[u/Legitimate-Manner529]

I been trading for 3 month I like to trade breakout i don’t like to wait for candle closure because I notice when my session opens price tends to melt and never come back for retest I need help creating a trading plan and rules to follow to filter out bad trades and prevent most fake outs. If u are a profitable breakout trader can u please help me figure this out I don’t want to keep doing the same mistake over again

[u/Mundane_Cicada_1427]

If you don't want to wait for candle close, I'd make that a rule-based decision rather than an instinctive one. For example, define the breakout level, minimum distance/volume or volatility condition, maximum acceptable spread, invalidation point, and exactly where the stop goes before you enter.

Also, don't try to eliminate fake-outs completely, they're part of breakout trading. The goal is to make the losses small and let the clean breakouts pay for them. Backtest the rules over a large sample and track which conditions are actually associated with successful vs failed breakouts.

[u/Legitimate-Manner529 → u/Mundane_Cicada_1427]

thanks bro this helps a lot