On not chasing breakouts in this climate

asked by u/brianna.white · 4d · 2 answers

Starting to feel like every time I chase a breakout now, it's just a trap, especially on names with a lot of retail interest. Am I just impatient, or is anyone else finding that waiting for a retest, even if it means missing the initial move, is yielding better results in this choppier market?

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Top answers

  • u/xiu.xu· 1 pts· 4d

    It's not just you. Breakouts have been notorious head-fakes lately. I've found waiting for confirmation or a retest is the only way to avoid getting chopped up, even if it means missing a few runners.

  • u/rtoth· 1 pts· 4d

    I've definitely noticed the same trend; breakouts have been fading more often than not. Waiting for confirmation or a retest feels more prudent now, even if it means sacrificing some of the initial upside.

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