Breakouts during the hot markets has about the same win-rate as other periods. But the winners are much bigger.
@NickSchmidt says "Opportunities come in windows", and when "everyone is making money" he makes sure to press aggressively..
Checked the results for Qullamaggies trades in the hottest periods of 2019 to 2022..
Win rate: 23% vs 27%
Avg. winner: 0.76R vs 2.26R