How to Trade Breakouts
Disclaimer In this post, I'm going to discuss the importance of breakouts and how to trade them, but first I want to discuss a few principles that are key to successful trading. Everything I do in trading is aimed at achieving one goal: A state of flow Why is a flow state so important? For two reasons: 1) because it's essential to becoming consistently profitable at trading and 2) because it's essential to enjoying our short lives on this little planet in this small universe likely among many universes. The second reason probably sounds more controversial and provocative, and I hear you, just bear with me and let me know if you feel the same way after I reveal some compelling evidence. First, let's go to the creator of the psychological concept of flow himself, Mihaly Csikszentmihalyi, and watch him explain what the concept of flow . In his TED talk, Mihaly (pronounced "me-hi" if I'm not mistaken) provides an example of someone achieving flo