In this color season let's have an insight into how the market plays 'Holi' with traders with its binary colors.
The above line sounds fascinating but it's not let me elaborate a bit more. Yes, the market plays with colors with traders
but the market uses only binary colors. Many of you may think of white and black as binary colors, but this is not the case...
A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji.
Note-As soon as you enter a...
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...
