Breakout Trader

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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 ?
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 .