arjun bro... can u pls drop ur whatsapp number here... i have some doubts to clear.
arjunreddycv
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@zalanaz, Ask me your questions. I will answer you
zalanaz
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this is based on rtm right? ur minimum risk reward? other than power patterns, do you trade on normal zones? How you select stocks?
arjunreddycv
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@zalanaz, Yes all my concepts are from RTM. Naked price action trading
Intraday i take 3:1 or 5:1 minimum . Sometimes i am able to take 8 or even 10:1.
Only Flaglimits, FTR's, CAPS, Swaps, QUasimodo , Diamond, CANCAN Pattern and compression. Normal zones can be used for part profit booking.
Everyday you need to analyse large number of stocks and put alerts where u think there might be a potential trade. Time consuming and hefty work. No other waay around it.
Did i answer all your questions?
zalanaz
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yes, thank you.. how long it took for you to become profitable?
arjunreddycv
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@zalanaz, It depends on person to person. These concepts are the best for trading. Identifying these zone and setting up trading plan is very difficult for new people. For me almost immediately i was profitable. But i did paper trade and learned a lot for a month before using them in live markets.