Comments on: Don’t Miss These Two ETFs Ready To Breakout This Week ($KOL, $RWO) https://morpheustrading.com/blog/two-etf-breakouts-kol-rwo/ Learn how to swing trade explosive growth stocks and top cryptos with a proven stock trading strategy since 2002. Wed, 06 Apr 2022 19:07:27 +0000 hourly 1 By: Deron Wagner https://morpheustrading.com/blog/two-etf-breakouts-kol-rwo/#comment-935 Sat, 02 Feb 2013 07:34:29 +0000 http://www.morpheustrading.com/blog/?p=2471#comment-935 In reply to TJ.

Hi TJ,

Thanks for your comments.

You’re right that ETF breakouts have become increasingly more challenging over the years. Because of that reason, we now tend to buy more ETFs on a pullback AFTER they breakout.

As far as when we buy ETFs on a breakout, rather than a pullback, there is a bit of discretion involved. No hard and fast rule. A lot of it depends on how tight and narrow the preceding consolidation was, as well as the length of the consolidation. However, I think we buy more breakouts on the the more volatile ETFs, such as leveraged ones.

Hope that helps.

]]> By: TJ https://morpheustrading.com/blog/two-etf-breakouts-kol-rwo/#comment-910 Wed, 23 Jan 2013 23:38:48 +0000 http://www.morpheustrading.com/blog/?p=2471#comment-910 I like the information you have on your site and it fits my trading style. I have been trading classical patterns and break out trades for some years now. I have found trading ETFs on breakouts difficult. In my experience the initial thrust past resistance (for example) always seems weak and returns below the entry point. I have seen this so many times that I stopped trading ETFs on breakouts. What is your experience in this area, do you limit break out trades to more volatile ETFs like KOL or apply that on others such as SPY or QQQ?

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