Do you guys trade the initial break out or the pullback? What's your method for determining whether a break-out was legitimate or not? How does a break-out trader survive, exactly. I lose so much on all the false starts and don't quite have a grasp of when to terminate the trade. Everyone knows when the break-out happen, but how do you know that the break-out you chose was -the- break-out? It's not as easy as it looks, and break-outs are supposedly the easiest strategy.