There were no trades for me today. The only stock that did cross my levels was Reliance, but the moves did not give me the set up that I trade. I prefer to sit out for the entire day when I dont get my set up for a trade. I never chase a trade. I used to and the consequences are disastrous.
It was a hugely trending market today. I traded NF and BNF.
Thanks a ton to Mitesh bhai to introduce you.Have gone through your blog and lots of learning with proper discipline.I have two question,can you please through some light on this
ReplyDelete1)What is your stock selection criteria
2)I can understand that you took trade after break out of your level and wait for pull back but how do you mark those levels(criteria to mark levels)
Thank you for your kind words. The stock selection criteria is a little difficult to explain in a few lines but I try and take trades where I feel there will be a lot of traders wanting to take a trade and generate volumes. It could be a range or a pattern formation or pattern/price retest! As for your second query the PA only determines the levels....nothing else!
DeleteDear trader just came to this blog after seeing the tweet of Mitesh ji.Putting 1% as tp is nice concept as it removes Tsl botheration in small time frame. Once a wise trader said "Trade always happenes but only disciple in your setup makes it happen for you.Rest all trades are strangers passing by. Worth reading your blog. Thanks
ReplyDeleteHumbled by your words....thank you
DeleteI came here by seeing Mitesh Ji's Tweet
ReplyDeleteU r doing great job...
I have watched all your blogs...nicely descriptive
But one question I have : Which platform u use?...Mine showing some different in chart
I am using amicharting with 3 min TF.
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