Study big movers, notice price action and if you can boil water, then you'll find many similarities and be able to develop 3-4 setups, pick any one of them and master it.

An example: #BSE

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...cont

#BSE

You don't need to catch bottoms and identify tops or follow news or scout for stock tips in order to make consistent money.

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Another Example: #TATAMOTORS

https://t.co/nBj1KimEVe
Another Example: #LAURUSLABS

https://t.co/lYiECEqdz4

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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.