12115 Wait for pull back near 240 level for intraday entry
Updated
Trade thesis
a) Entry point 240 to 250 for the intraday target of 270
b) Need to wait for pull back for re-entry point
c) if gap up goes up, ignore the trade
d) SL compulsory at 234
e) movement should continue upside
Trading mindset requirements
a) You cannot be wrong all the time
b) You should be comfortable with your losses and it should be within 1% on total capital per day for intraday trades. Total risk per capital per day should not exceed 2%.
c) Mastery of winning attitude comes from rigorous practice, following right rules, constant continuous focus, disciple of dedication, discipline and willing to learn from failures.
a) Entry point 240 to 250 for the intraday target of 270
b) Need to wait for pull back for re-entry point
c) if gap up goes up, ignore the trade
d) SL compulsory at 234
e) movement should continue upside
Trading mindset requirements
a) You cannot be wrong all the time
b) You should be comfortable with your losses and it should be within 1% on total capital per day for intraday trades. Total risk per capital per day should not exceed 2%.
c) Mastery of winning attitude comes from rigorous practice, following right rules, constant continuous focus, disciple of dedication, discipline and willing to learn from failures.
Trade closed: target reached
T2
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