Setups are not as important as you thinkSetups 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 profits in the trade.
DR REDDY: Positional & Swing Pick!!!
Method:
Support & Resistance role reversal
Risk Management:
Risk only 2% of your capital
Buy 30% of your position at CMP, and wait for the pullback, if the price respects the level of 5500 execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 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.
System_trading
BUY: Whirlpool (only if the system gives a BUY signal)This stock has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
SHORT M&M (only if the system gives a SHORT signal)M&M has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a SHORT signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
SHORT: RAMCO Cements (only if the system gives a SHORT signal)Just following the system. The stock has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a SHORT signal.
Scroll left on the chart to see how the system gives buy, short and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
BUY: MARICO (only if the system gives a BUY signal)Marico has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
BUY: Gujarat Gas (only if the system gives a BUY signal)This stock has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
SHORT Bajaj Finserv (only if system gives a Short signal)Systematic Mechanical Trading Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take if next set of conditions are fulfilled; and at what price. If those next set of conditions are met, it gives you the trade signal in the form of a box, with stop loss mentioned therein.
The system will show an Exit signal if any of the below-mentioned event happens first:
a) If Stop Loss is hit (as per user's acceptance level); or
b) If desired profit level is achieved (again as per user. I prefer 7-10% for Longs and 5% for Shorts for partial exit. Rest, I trail); or
c) If system exit conditions are met.
BUY: Adani Green (only if system gives a BUY signal)Systematic Mechanical Trading Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take and at what price. If the next set of conditions are met, the system gives you trade signal in the form of a box, with stop loss mentioned therein.
The system will show an Exit signal if any of the below-mentioned event happens first:
a) If Stop Loss is hit (as per user's acceptance level); or
b) If desired profit level is achieved (again as per user. I prefer 7-10% for Longs and 5% for Shorts for partial exit. Rest, I trail); or
c) If system exit conditions are met.
BUY: KOTAK (only if system gives a BUY signal)Systematic Trading : Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take and at what price. If the next set of conditions are met, the system gives you trade signal in the form of a box , with stop loss mentioned therein.
The system will show an Exit signal if any of the below-mentioned event happens first:
a) If Stop Loss is hit (as per user's acceptance level); or
b) If desired profit level is achieved (again as per user. I prefer 7-10% for Longs and 5% for Shorts for partial exit. Rest, I trail); or
c) If system exit conditions are met.
BUY: INFO EDGE (only if system gives a BUY signal)Systematic Trading : Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take and at what price. If the next set of conditions are met, the system gives you trade signal in the form of a box, with stop loss mentioned therein.
The system will show an Exit signal if any of the below-mentioned event happens first:
a) If Stop Loss is hit (as per user's acceptance level); or
b) If desired profit level is achieved (again as per user. I prefer 7-10% for Longs and 5% for Shorts for partial exit. Rest, I trail); or
c) If system exit conditions are met.
BUY: ICICI Bank (only if system gives a BUY signal)ICICI Bank has come under the scanner through the trading system that I use ( blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
On smaller time-frame, the stock broke the resistance level and is currently standing at its retest.
If the stock breaks the now support line (i.e. fails in retest), the system will not show the BUY signal. On the other hand, if it starts moving upwards, the system will show a BUY signal. Just waiting for the blue dot to go now to take this trade.
(scroll left on the first chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... no long-term trade)
