Yesterday I took a breakout trade on SPY that looked really clean at first Level had been tested multiple times, price pushed through with momentumm —
I entered a bit early expecting continuation.
Within a minute or two, momentum completely faded and it pulled back hard.
Ended up taking a small loss there.
What stood out wasn’t the loss itself but how quickle the move failed after looking so strong.
I’ve noticed similar behavior a few times this week:
•breakouts don’t hold as long
•follow-through feels weaker
•entries that used to work are getting punished faster
Because of that I’m trying to slow things down waiting for either a retest or clearer confirmation before entering.
Still figuring it out but conditions feel a bit different lately.
Curious how others are handling this —
are you still taking breakout entries or waiting more now?
Got Caught in a Breakout Yesterday — Starting to Rethink Entries
byu/tradervishal inoptions
Posted by tradervishal
1 Comment
I’ve been focused on not trading breakouts. Been focused on trading the other side of the range if I think it’s gonna go. If ya wanna trade the break, wait for the retest and go.