Simple Breakout Trading Strategy

The speaker provides a simple day trading breakout strategy.  The strategy involves using bollinger bands and bar charts (or even candlestick charts).  When the bar closes outside of the day trading breakout strategy.  The strategy involves using bollinger bands and bar charts (or even candlestick charts).  When the bar closes outside of the bollinger bands, a market order is executed; an order to sell short when the lower band is penetrated, and a buy order when the bar closes above the upper bollinger band. 

The stop rules are simple as well.  A stop would be triggered if the current bar closes back within the two bollinger bands or if the security moves against you in an amount equal to 10% of the previous days range.