Breakout Trader

Breakout Trader

A trader that makes investment decisions based on technical indicators in order to make a large return. The breakout trader may use a variety of indicators, but often relies on support and resistance levels. When a security rises above its resistance level, the breakout trader buys it because it is highly likely that the security will continue to rise. Thus, the trader relies on "break out" prices to amass an abnormal return.
References in periodicals archive ?
com announces the companies highlighted recently closed positions in its Breakout Trader and Value Trader trading services.
Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.
It had increasingly become a battle of patience for breakout traders who have waited for the US currency to break below key levels.
This is a good sign for breakout traders but a break of .
In fact, the more obvious the support is to range traders, the bolder the target is for breakout traders.