Learning to catch High Probability Breakouts

[indianbank]

Hi friends good morning as always
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Entered position
9.Marico

 

[amitrandive]

“Actually, the best traders have no ego. To be a great trader, you have to have a big enough ego only in the sense that you have confidence in yourself. You cannot let ego get in the way of a trade that is a loser; you have to swallow your pride and get out.”

“Trading is like any other job. You work hard, put in the time and effort, and make your own luck.”

“They trade too much. They don’t pick their spots selectively enough. When they see the market moving, they want to be in on the action. So, they end up forcing the trade rather than waiting patiently. Patience is an important trait many people don’t have.”

“It is a lot of hard work, for one. It’s perseverance. You have to love to do it. Also, in our business, you have to have a total disregard for money. You can’t trade for money.”

“You don’t need any education at all to do it. The smarter you are, the dumber you are. The more you know, the worse it is for you.”

Tom Baldwin

 

[indianbank]

Hi friends good after noon...

Sugar stocks are rocking....
I am having Balmiabharat sugar.... Its also flying

 

[Buzzstop]

Not sure if it fits here. Rajkumar Forge is trading at ₹30. Company has been bought out and new mgmt is offering ₹ 32 for buyback.

Is it worth buying?

(Please delete if inappropriate)

 

[indianbank]

i am posting some good 52 week breakout stocks list
(only for medium /long term trading)
1.Mold tek pack
2.Filatex india
3.ITD cem
4.Paragmilk
5.Gabriel....

If you find any of them good... then give a try....

 

[indianbank]

took position in
10.Filatex india

 

[amitrandive]

Pidilite Daily

Stock breaking out +6% on good results.Hitting 52 Week high today.

Pidilite Daily

No bearish followup ,so stock blasting upwards.

Lesson learnt: Don't study candlestick patterns in isolation.

Pidilite hitting 52 Week High again giving good returns since last spotted breaking 52 Week high.

 

[Rish]

Pidilite hitting 52 Week High again giving good returns since last spotted breaking 52 Week high.

You are right.....we should not study only candle stick pattern....

If you do so....then we should co-relate price cycle...

In this case...based on, Monthly chart.....last month (intermediate) fall was a good buying opportunity..since, price band was very much wide in between the level (i.e.654 to 716)....

Now the range is shifting towards 715 to 798.......

This needs application of knowledge and interpretation....

The above levels are only for study purpose and not a trading call...

 

[indianbank]

Another bull
(see trading is an Art... and its all about how much u enjoys it... Passion towards trading is must to understand this game.... If money is the primary motive then i must say better search some other prof...)

KEI INDUSTRIES
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[amitrandive]

@DSM

Quoting from a deleted post of yours ,just added the last part.

The drivers at Formula 1, are taught a technique, when the car is skidding, out of control and about to crash... They are trained to not look at the crash barriers where they are heading, but focus on the track. Why is this so? Because when the race driver places his attention towards the race track, he will automatically be taking a split second decision and action to man oeuvre his car into the intended direction... This small psychological technique may be the difference between a crash or being back on the track or podium, or even life or death.....

Same applies to Trading,with every skill ,knowledge in place.Try to take good trades and not look at the P&L continuously.

Trading is not just about making money —money will flow from good trading. ... If your approach does not reflect these things, it is unlikely that you will follow it. ...

:clapping::clapping::clapping: