Infosys: Swing pick
Method:
Simple channel breakout
Risk management :
Remember odds of trade failing are the highest when the setup is just completed. Wait for the confirmation and be mentally prepared to buy slowly. If you scale in too quickly, you will end up losing more than you should
Buy 30% of your position at CMP, and wait for the pullback, if tested with heavy buyers then execute your 70% position.
Mindset :
Don't bet too soon. Be patient
The whole idea is to lose less money when you are wrong and to win more money when you are right
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always
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.
Method:
Simple channel breakout
Risk management :
Remember odds of trade failing are the highest when the setup is just completed. Wait for the confirmation and be mentally prepared to buy slowly. If you scale in too quickly, you will end up losing more than you should
Buy 30% of your position at CMP, and wait for the pullback, if tested with heavy buyers then execute your 70% position.
Mindset :
Don't bet too soon. Be patient
The whole idea is to lose less money when you are wrong and to win more money when you are right
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always
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.