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Strategy 2: Opening Range Breakout

Strategy 2: Opening Range Breakout

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Education Center / Day Trading / Strategy / Strategy 2: Opening Range Breakout

Strategy 2: Opening Range Breakout

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Lesson Videos

Strategy 2: Opening Range Breakout

level Level: Beginner

level Experienced Instructor

About This Lesson

Breakout trading is a strategy that capitalizes on price movements beyond defined support or resistance levels, signaling potential trend initiation. Utilizing multi-timeframe analysis, particularly the 60-minute chart, this approach increases accuracy compared to solely relying on 1-minute or 5-minute charts. By aligning entries with broader trends, ATR, and technical indicators like VWAP, this method reduces noise and enhances the probability of success.

Downloads

  • Breakout Strategy PDF
  • TradeBook: Breakout Strategy

Presented by

Aiman Al-Mansoori

Aiman, now a doctor, first became interested in the crypto market before realizing it wasn’t for him and turning to the stock market. After reading Andrew’s book, How to Day Trade for a Living, he joined BBT in May 2018, spent 8 months practicing on the simulator, and began live trading in January 2019.

Aiman Al-Mansoori's Recent Webinars

ABCD Strategy

Strategy 17: How to Trade Trends

Strategy 14: Booty Reversal Strategy

Strategy 9: ABCD Strategy

Strategy 3: Parabolic Reversal

Aiman Al-Mansoori Course at Trading Terminal Academy

The Complete Guide to Multiple Time Frame Analysis & Reading Price Action

This course teaches you how to read price action across multiple time frames, from the weekly chart down to the 1-minute chart. By analyzing multiple charts, you'll learn to understand market direction and key entry levels, speeding up your learning curve and improving your chart reading skills.

Enroll Now

Download a copy of the presentation in PDF format here.

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Available research data suggests that most day traders are NOT profitable.

The Profitability of Day Trading: What Research Tells Us A growing body of academic research suggests that the majority of individuals who engage in day trading do not achieve consistent profitability.

In a comprehensive 2014 study titled “Do Day Traders Rationally Learn About Their Ability?”, researchers from the University of California analyzed an extensive dataset comprising 3.7 billion trades executed on the Taiwan Stock Exchange between 1992 and 2006. Their findings revealed that only 9.81% of day trading volume could be attributed to traders who demonstrated repeatable, predictable profitability. Furthermore, these consistently profitable traders represented less than 3% of all active participants on any given trading day.

A separate study published in the Journal of Applied Finance in 2005, titled “The Profitability of Active Stock Traders”, examined 1,146 U.S.-based brokerage accounts that actively traded equities between March and June 2000. The researchers, affiliated with the University of Oxford and University College Dublin, found that only 50% of traders generated a profit during that period, with the average net gain being $16,619.

Similarly, a 2003 study published in the Financial Analysts Journal, “The Profitability of Day Traders”, reviewed 334 active trading accounts from February 1998 to October 1999. In that sample, only 35% of accounts were profitable, and a mere 14% earned profits exceeding $10,000.

These studies collectively demonstrate the substantial difficulty of achieving long-term success in day trading. While methodologies and market conditions varied, the overall trend remains clear: a significant portion of retail traders fail to generate consistent profits. At minimum, the data implies that at least half of all day traders are unlikely to be profitable, and in many cases, the percentage is considerably lower.

These findings underscore the reality that day trading is a highly speculative and risky activity. Participants should be fully aware that trading can result in significant financial losses, including the total loss of invested capital.

The content provided is intended for informational and educational purposes only. It does not constitute financial, legal, or tax advice. Any mention of a specific security or market should not be interpreted as a recommendation to buy or sell. All investments and trades carry risk, and decisions should be made with care and, where appropriate, with guidance from a licensed financial professional.

For full legal details, please refer to our complete disclaimer here.

Citations:

Barber, Brad; Lee, Yong-Ill; Liu, Yu-Jane; Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability? SSRN Electronic Journal. SSRN Electronic Journal

Garvey, Ryan; Murphy, Anthony. (2005). The Profitability of Active Stock Traders. Journal of Applied Finance, Vol. 15, No. 2. The Profitability of Active Stock Traders

Jordan, Douglas J.; Diltz, J. David. (2003). The Profitability of Day Traders. Financial Analysts Journal, 59(6), 85–94. The Profitability of Day Traders

Strategy 2: Opening Range Breakout

| Published: 01/4/23

Education Center / Day Trading / Strategy / Strategy 2: Opening Range Breakout

Strategy 2: Opening Range Breakout

Login or Sign up or Upgrade

Lesson Videos

Strategy 2: Opening Range Breakout

level Level: Beginner

level Experienced Instructor

About This Lesson

Breakout trading is a strategy that capitalizes on price movements beyond defined support or resistance levels, signaling potential trend initiation. Utilizing multi-timeframe analysis, particularly the 60-minute chart, this approach increases accuracy compared to solely relying on 1-minute or 5-minute charts. By aligning entries with broader trends, ATR, and technical indicators like VWAP, this method reduces noise and enhances the probability of success.

Downloads

  • Breakout Strategy PDF
  • TradeBook: Breakout Strategy

Presented by

Aiman Al-Mansoori

Aiman, now a doctor, first became interested in the crypto market before realizing it wasn’t for him and turning to the stock market. After reading Andrew’s book, How to Day Trade for a Living, he joined BBT in May 2018, spent 8 months practicing on the simulator, and began live trading in January 2019.

Aiman Al-Mansoori's Recent Webinars

ABCD Strategy

Strategy 17: How to Trade Trends

Strategy 14: Booty Reversal Strategy

Strategy 9: ABCD Strategy

Strategy 3: Parabolic Reversal

Aiman Al-Mansoori Course at Trading Terminal Academy

The Complete Guide to Multiple Time Frame Analysis & Reading Price Action

This course teaches you how to read price action across multiple time frames, from the weekly chart down to the 1-minute chart. By analyzing multiple charts, you'll learn to understand market direction and key entry levels, speeding up your learning curve and improving your chart reading skills.

Enroll Now

Download a copy of the presentation in PDF format here.

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