In 2017, BetterTraderAcademy.com conducted a survey of breakout traders and asked them a simple question:
"When it comes to breakout trading, what is the single biggest challenge, frustration or problem that you’ve been struggling with?”
398 traders from the US, Europe, Australia and Asia participated in the survey.
The result?
False breakouts were the most mentioned obstacle, exceeding any other breakout trading challenge by a long way.
These traders had different levels of trading experience, were trading different markets, different timeframes, different strategies, and using different software - yet, were experiencing the same, universal challenge again and again:
False breakouts.
Here are just a few examples from the survey (exactly as written by the participants):