Traders
4 MOST COMMON TRADING PERSONALITIES 1.The Quick and Silent Sniper-
The sniper is a trader who has a lot of patience, who sits quietly and waits. At their side are the predefined perfect conditions for entry and exit. The sniper waits and waits for specific levels.
*2. The Scalper-
This type of trader is very aggressive.
They find themselves in many intermediate levels in the range of the rally cycle and often try to exploit and take advantage of many trades, expecting to make low profits.
*3. The Artillery* Barrager -
Bust out the big and loud guns for these guys.
These are traders who go with trial and error and just put as much out there as possible. They go on a specific level and then try multiple entries around key levels until it works.
*4. The Hobo ( or Trainhopper )-*
Imagine you’re in the wild west at a train station. A train just began to leave when you see someone run up alongside it with their bags slung over their shoulder.
The train speeds up, but they manage to toss their belongings in an open door. They pick up speed and haul themselves in as well.
disclaimer - shared whats read and learnt
A good swing trading opportunity PEL Ltd(Holding period 1 month)NSE:PEL
Formed an ascending triangle , perfect opportunity after a breakout wait for the prices to-hold above 1340 (Risk to Reward almost 3)and if wanna have a safe entry wait till horizontal resistance level break of 1355-1360 but this will decrease the risk but will increase the Stop Loss.(Risk to Reward 2).
Vansh Jejani
A sign of discrepancy or an opportunity!There are times when an indicator reflects a bearish trend but the overall signal reflects a bullish trend. This phenomenon creates a pool of uncertainty and reflects a behavioral aspect of trading which is followed by the trail of institutional investors.
This chart is of a same perspective and it reflects a situation where there is a dec in vol. followed by a mixed-signal between indicators and signals. This particular situation indicates an uptrend by double bottom, a bearish aspect by Ema, and confusion by volume.
It's better to wait for confirmation of the trend in this kind of scenario.
The chances of come into profit is more.The last pin bar is showing price rejection.
Rejection zones are areas where there is no equilibrium in price. The asset is either over or under valuating, meaning that the market might be oversold or overbought. It's important to spot these rejection zones to know when to avoid a trade and where the key pullbacks are.
Maintain stop loss