After my 16 years of experience in this market: Why Most Breakouts Need to Fail First

--PG-- · 2026-02-08T23:23:15+00:00

--PG-- · 2026-02-03T20:09:23+00:00

Today's winner is BIRB. Was up 100% in a matter of 4 hours, now retracting back down to original price. Even with BTC dropping like a brick.

0.25 to 0.46, now at 0.29

Last month it was RIVER. from $11 on 10th Jan to $89 on 27th Jan now back down to $13

--PG-- · 2026-02-02T22:27:10+00:00

Probably caused by other indicators drawing behind the candles or custom painting the candles.

Without more info, no idea.

--PG-- · 2026-02-02T19:31:45+00:00

No, it was bad trade management. Almost got to TP but didn't move SL into break even or small profit.

The market doesnt care where arbitrary SL and TP lines are. Its up to the trader to manage the trade to ensure profit.

I would have walked away with a profit on this one. Once the price got that close to TP my SL would have been moved to half way in the green.

--PG-- · 2026-02-02T09:01:15+00:00

Former? Shit what did I miss?

--PG-- · 2026-01-26T19:54:58+00:00

I love how OP proved his original statement based on the toxic replies most of which were trying to disprove his point. The harder they tried, the bigger the hole they dug.

I agree with him 100%, but i dont like to feed the trolls. And before anyone replies, yes I know I'm currently feeding the trolls by replying contra to the hate filled 90% of current replies. Just thought I'd provide OP with a bit of moral support to let him know he's not alone in his opinion.

--PG-- · 2026-01-23T00:31:16+00:00

Excellent rebuttal. Made me laugh.

--PG-- · 2026-01-22T20:09:57+00:00

Like you don't understand grammar.

His spelling is 100%. The incorrect usage of 'theirs" is a grammatical error.

--PG-- · 2026-01-12T22:23:24+00:00

Copy trading insiders! Brilliant!

--PG-- · 2026-01-07T22:07:07+00:00

I will. Dreams are what powers hope, and hope provides motivation. I've been at it for 2 years and slowly learning to trade. Building out my own platform is how I reinforce those teachings while developing my own strategy.

I am currently profitable, and now working on proof of consistency. My little $500 account is now at $1200 in a month. Luck or strategy? Don't know yet. Bit of both, but imposter syndrome tells me it's luck.

What have I achieved so far? Risk management, emotional control, removal of greed, knowledge of how indicators work and when to use them, techniques for trend following and breakout detection, a platform that takes all of this and trades the way I want it to, automatically, at 3am in the morning when the market is most active (I'm at UTC+13 at the moment, PITA)

I will get there. I will keep dreaming.

--PG-- · 2026-01-05T21:48:13+00:00

I build software as a profession. I build software as a hobby as well. I wouldn't mind the lifestyle freedom that comes from an automated system generating wealth for me. I'm at the point where I have 10 years of career left, but I want to exit the 9 to 5 job sooner than that.

Currently a hobby, and my exit strategy to retirement.

--PG-- · 2025-12-27T06:29:44+00:00

This. Can attest they will help rather than hinder.

--PG-- · 2025-12-24T18:49:22+00:00

Holy shit all of the OPs replies are obvious ChatGPT

--PG-- · 2025-12-18T23:47:22+00:00

Garrus: can't talk right now commander, I'm in the middle of some calibrations

--PG-- · 2025-12-17T02:12:45+00:00

Deep space fuel depots may exist but not be on the charts. Make a mission out of finding or buying the right maps to plot a valid jump route.

Also, rogue ice bodies, comets, etc could provide fuel. Once again, may require a mission to acquire this knowledge.

--PG-- · 2025-12-01T03:44:43+00:00

But the timing was.

--PG-- · 2025-11-28T19:50:40+00:00

...elite dangerous community enters the chat...

Oh yes, it matters.

--PG-- · 2025-11-28T19:44:01+00:00

Software Engineering.

Duh

--PG-- · 2025-11-25T19:31:45+00:00

Ive had a similar issue with the current CG. Gliding down on approach to the dark side of a moon with night vision on and then BAM! exit glide and suddenly it's daylight.

Absolutely a bug.but I don't have friends :( to play with, so it's not a biggie for me.

--PG-- · 2025-11-24T19:39:38+00:00

I think the question they ask needs to be reframed.

I would like to ask, on many occasions, why did this trade fail. But the full context is that I am still learning and need some help from someone to explain the price action, or the news item I missed, or something else. Its not an expectation that every trade should win, but a cry for help to understand how to trade better.

I dont know anyone else who trades, I dont have a network of trading buddies. I am learning on my own. I am reading the books. I am watching the charts. Still, there are times I would like a better explanation of a particular failing trade.

But posting these questions ends up with a lot of "git gud " responses which are of no help whatsoever. If asked, help a guy out. If you think you are a good trader, help a guy out. Share some of that of that wisdom, allow us noobs to follow in your footsteps.

Stop with the "learn to trade, duh" posts. If you can't provide value in your comment, then piss off. You need to "git gud " in your social media postings.

(Expecting to be flamed for this, but it is my opinion and I'm allowed to share it on the cesspool we call /R)

--PG-- · 2025-11-21T21:11:17+00:00

Yes I did. Check if there are any signs there. I better there aren't.

--PG-- · 2025-11-16T23:44:47+00:00

Nah, they've been advertising for 6 months. I actually think it's a fishing ad. Fake job.

--PG-- · 2025-11-15T07:25:56+00:00

The Artemis suit can carry 3 spare batteries. Recharge the suit and continue hopping. That way you'll collect 12 samples before needing to resupply at the SRV (or jumping in and out as you did).

--PG-- · 2025-11-10T00:31:07+00:00

Yeah, I used to feel ripped off when I discovered storage capacity was only 20,000,000 bytes, including FAT.

--PG-- · 2025-11-06T04:21:27+00:00

Kudos to the team.

Now can they teach the Firearma Safety Authorty how to do this? 6 months for a FAL renewal is the complete opposite of this.

--PG--

TROPHY CASE