Indrajit08

Setups are not as important as you think

Education
NSE:DRREDDY   DR REDDYS LABS
Setups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems.
When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies &
managing the ratio of risk to reward throughout the trade that produces great profits in the trade.

DR REDDY: Positional & Swing Pick!!!

Method:
Support & Resistance role reversal

Risk Management:
Risk only 2% of your capital
Buy 30% of your position at CMP , and wait for the pullback, if the price respects the level of 5500 execute your 70% position.

Mindset:

Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to ''Cut your losses short and let your profits run.''
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small.

Comments

Good post. Sometimes the best thing to look at is previous support and resistance areas.

This publication has been chosen for the Editor's Picks and will be featured on https://in.tradingview.com/ideas/editors-picks/

Thank you for your valuable contribution to the TradingView community and keep up the good work!
200 coins
+3 Reply
Thanks for the illistration along with position sizing tip.
+6 Reply
good one bro
+2 Reply
Nicely identified. Congrats on being featured!
+2 Reply
Agreed i look for pullback and enter there
+2 Reply
great concept...such an eye opener...great ya
+1 Reply
A very valid point has been stressed. Thanks!
+1 Reply
Very Nicely Explained!!
Reply