Why it is Absolute Risk ? Bcos once you take the trade there is No going back, Your Risk is defined for sure & Absolute. Very well before taking the trade we know our Risk & on failure Risk is absolute. But we can't say for sure our trade setup is 100% winner, so there is Potential chance of Reward.
Vedanta just initiating channel formation, LL's indicating downtrend & reversion on trendline retest, so shorts in vedanta if it suits your plan !
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We are nearing our targets, but wait isn't it too soon ?
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Trail stops here after, a wicked pierce in our first target = profits
mesmerising chart as usual. each chart with different contours. your charts speak. so much learning happen simply by studying charts shared by you. thanks for sharing.
InsiderB
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@rajesh2467, Thanks for your kind words & I'm glad that it helps learning :)
nsi
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Hi, I keep wondering how one is able to find these various setups from thousand of stocks ? , do you scan the charts or review them one by one. Was wondering as you analyze based on lines, gann, elliott, time etc :) Being a novice I get so overwhelmed with so much diverse studies/indicators etc that I am just not able to find a decent trade-able setup ..
Kind Regards..
InsiderB
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@nsi, Hello, No, I neither scan or review. actually in one of the posts I even mentioned just have 5 to 10 in your kitty when you are beginner & track it everyday. As you do good with trading just widen your base, after sometime it will be like coming n picking up -- charting --- trading whichever suits you but its best to stick to fewer ones.
Don't get confused as I use many tools, its just to show the community that every strategy works if "used properly with discipline", bcos we have strong misconception that best strategies are hidden & there is secret sauce. But nothing like that in Markets :)
nsi
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@InsiderB, Thanks for the prompt guidance, everytime i select a limited bunch of stock they just seems to be not moving and then I think of missing out on the wider rally :) Seems they are just waiting for me to switch to another bunch and once switched they start rallying .. :) I know I have it requires patience and discipline but seriously I am not able to incorporate disciple into trading and thats where I struggle ...
Many Thanks
InsiderB
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@nsi, if you are interested in reading , try - Market Wizards ( just a compilation of Interviews by Professional Fund Managers n Traders ) you will know how they failed n how they are persistent in trading with discipline & patience. It's something about your psychology, train that harder :)