12142 Open = Low Set up
Trade Thesis
a) Open = Low Set up
b) weekly breakout
c) Monthly breakout
d) mini pole and flag breakout
e) Vwap breakout
f) POC breakout
g) SL compulsory
Duration : 2 months
Risk not more than 1% of capital
Trading mindset requirements
a) You cannot be wrong all the time.
b) Acceptance is the first criteria to become successful trader.
c) Focus on process and not on outcome of single trade.
d) 1% Rule: Risk not more than 1% of risk on each trade.
e) 80/20 Rule: The 20% of the winning trade contributes the overall 80% of profit by trialing and with Stop loss.
a) Open = Low Set up
b) weekly breakout
c) Monthly breakout
d) mini pole and flag breakout
e) Vwap breakout
f) POC breakout
g) SL compulsory
Duration : 2 months
Risk not more than 1% of capital
Trading mindset requirements
a) You cannot be wrong all the time.
b) Acceptance is the first criteria to become successful trader.
c) Focus on process and not on outcome of single trade.
d) 1% Rule: Risk not more than 1% of risk on each trade.
e) 80/20 Rule: The 20% of the winning trade contributes the overall 80% of profit by trialing and with Stop loss.
Trade closed: stop reached
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