12132 Triangle Breakout
Trade Thesis
a) Triangle breakout
b) Weekly breakout possible
c) Volume spurt
d) vwap breakout
e) Consolidation breakout
f) Acquisition of share by one of the promotor 23 Mar 2024 (but there average price is 111).
g) Fundamentals are not good and purely technical and hence SL compulsory
Trading mindset requirements
a) You cannot be wrong all the time.
b) Acceptance is the key criteria for successful trading
c) The outcome of the trade should not induce any emotions
d) The 20-80 Rule: The 20% of profitable trades can drive the overall (80%) positive outcome of the system, if we follow stop-loss (SL) and 1:3 to 1:7 risk reward ratio or trailing SL.
e) If we don't adopt the correct attitude or mindset, our knowledge, practice, and skills will not be useful when we need to apply them in real-life situations. Essentially, having the right mindset is essential for effectively using what we've learned and practiced. Our intellectual ability must be as robust as your physical ability.
a) Triangle breakout
b) Weekly breakout possible
c) Volume spurt
d) vwap breakout
e) Consolidation breakout
f) Acquisition of share by one of the promotor 23 Mar 2024 (but there average price is 111).
g) Fundamentals are not good and purely technical and hence SL compulsory
Trading mindset requirements
a) You cannot be wrong all the time.
b) Acceptance is the key criteria for successful trading
c) The outcome of the trade should not induce any emotions
d) The 20-80 Rule: The 20% of profitable trades can drive the overall (80%) positive outcome of the system, if we follow stop-loss (SL) and 1:3 to 1:7 risk reward ratio or trailing SL.
e) If we don't adopt the correct attitude or mindset, our knowledge, practice, and skills will not be useful when we need to apply them in real-life situations. Essentially, having the right mindset is essential for effectively using what we've learned and practiced. Our intellectual ability must be as robust as your physical ability.
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