Many people including me start as a gambler in forex trading and trade until they lose it all.
But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you)
-Maintain journal note book
-always enter target and SL or trailing SL in...
PFC forming a very textbook pattern, breaking of the upper trendline can blast it to new heights. A very potential stock that can give stellar returns. Patience will be required to hold it if it breaks the uppertrendline. Trading doesnt make money. Patience does.
LARSEN & TOURBO INFOTECH
Rectangle breakout. LTI after consolidating in a rectangle pattern gave a breakout on the upside with huge volume.
Note- False breakouts are possible (traders need to manage risk accordingly)
My personal tip is to risk only 2% of your trading capital. Buy 30% of your position at CMP & if price respect...
SBIN: Positional & Swing Pick!!!
Symmetrical Triangle breakout.
Risk management :
Enter 30% of your position at CMP, if the price respects the level of 425 then execute your 70% position.
Place your stop loss below the recent swing low, at 416
Go for risk-reward of 1:2
The key is capping the downside risk when you’re wrong, but leaving the upside...