There must be a seller for each buyer and a buyer for each seller. If there is so much market demand to buy above a resistance level or sell below the support, the broker acting as the market maker has to absorb all these orders. However, you must know that the market maker is not a fool.

Most of the retail traders being inexperienced or new like to trade the breakouts! When the new traders learn technical analysis, they tend to most eagerly follow trade recommendations based on certain chart patterns recommended in the books.

However, the seasoned traders prefer to fade breakouts. They do exactly the opposite of what the crowd is expected to do. Most of the successful traders have contrarian trading approach.

Trading is a zero sum game. For every loser, there is a winner. Most of the breakouts fail. Breakouts fail because the institutional or the seasoned traders take advantage of the crowd psychology of the retail or inexperienced traders and win at their expense.

Share This

If you are thinking of purchasing personalized poker chips there are some things that you will want to take into consideration. The personalized poker chips are a great way to show a little creativity and personality. They are not for everyone but for those who love to host Friday night poker games at their home, these may be a great gift to go with. You may want to consider getting some for yourself as well.

The most common form of poker chip personalization is names, or initials and dates. But that’s not particularly exciting, and if you put your thinking cap on you may be able to come up with something a little bit more original, or a little bit more meaningful in a personal way. For example there may be some sort of past event that has become a standing joke either between you are your intended target, or the whole poker school. (The more people who can enjoy that type of fun the better).

Share This