to advertise for trading apprentices and then try and teach them to become successful traders. The theory sounds ne, but it is very difcult to make money trading this way. A breakout is the point at which the market price breaks away, or moves out of a trading range. The accepted market wisdom is buy low sell high and this has been taught to us in high school and is the accepted philosophy of many of the worlds investment community, from economists to brokerage houses.
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The fact is, however, that markets spend most of their time in trading ranges going nowhere. Richard felt that successful trading was down to genetics. Many markets dont trend for months or even years. Breakouts Make Your Money, work Harder, another important reason for using breakouts, rather than buying low or retracements, is that trading capital is utilised better. Trading breakouts is not a new concept; traders have been using breakouts for centuriesToday many of the worlds top traders trade breakouts for big prots. Bill felt that he could teach people to become successful traders.
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