Almost every trader trades breakouts, yet very few are able to trade them properly.
In this article, we’ll be covering every aspect of breakout trading.
What are they?
Why do I prefer trading breakouts and not pullbacks?
And much more.
https://t.co/Mk5QW86x8s
More from Finkarma
1/ Lies that you've been told about trading.
From:
Which are the biggest lies told by well meaning people in trading?
— Anandable Conservative Trader (@AnandableAnand) December 29, 2021
I will list the ones I heard and believed initially, which was detrimental to my progress
Lets do this and you add one LIE u heard many times
First
1. Its impossible to make money in intra-day trading
+
2/ Pitfalls that every discretionary trader faces, and how to overcome them.
From: @KillerTrader_
What are the pitfalls I faced as a discretionary trader and how I overcame them:
— Killer Trader \U0001f4c9\U0001f4c8 (@KillerTrader_) October 10, 2021
A thread \U0001f9f5#StockMarketindia
3/ The only trading psychology post you need to read.
From: @indian_quant
The only trading psychology post you need to read:
— Indian Quant \U0001f1ee\U0001f1f3 (@indian_quant) October 28, 2021
===========
This guy gets appreciation and possibly makes money only after he reaches from one point to another.
But if his entire focus is on :
1. Not falling down the rope.
2. Keeps on thinking to reach the other end
..contd pic.twitter.com/YQCEnnU7iR
4/ A thread on Trading mistakes.
It's inevitable that you will make a lot of mistakes in your trading career, what's truly important is if you learn from those mistakes or keep repeating them.
From:
Trading Mistakes & Lessons Learnt \U0001f9f5
— Sourabh Sisodiya, CFA (@sourabhsiso19) September 30, 2021
1) I always keep my mistakes & lessons learnt in front of my screen while trading.
Bcz we as traders tend to commit the same mistakes everytime.
So seeing your learnt lessons everyday ensures that you avoid them.
#trading #mistakes pic.twitter.com/4MYFlCS9Hi
More from Stockslearnings
Make time period Weekly
Then click on the encircled + sign in top panel to add different index to compare, u can add any index
Will describe this in our Friday post market session, watch in SE YouTube channel
Sir can u please make a video on how to get this plotted in trading view .Please sir .a small guidance will be highly appreciated .I know there are many like me who don't know to plot it but are shy to admit .it would benefit them too .thank u sir
— rajesh shetty (@shettyrajeshs) May 4, 2021
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.
10% more gains to 127.75 !! 🍻🔥🚀
Expecting it to consolidate now in coming days before a final move to 145-150 levels. #Copper RSI is overheated and needs to cool down.
Negative divergence building up on hourly charts. https://t.co/sBU4O6QZsq
#HindCopper
— Anchit Goel (@anchitsays) February 23, 2021
20% Upper Circuit at 118.05 now!! \U0001f389\U0001fa85\U0001f525\U0001f680\U0001f973\U0001f37b\U0001f60d
Conviction and patience has given excellent results. https://t.co/T5y2CBY9Lt pic.twitter.com/xvDeR91PkL
U can guage the strength in the trend once u know how to measure the direction.
This trend strength is infact signals the trend continuity or the potetnial for sustanining the trend.
Thats great assurace to hav https://t.co/HanLvlXkjQ
Before making ur trade entry or even before making a bias of trend as either bullish or bearish, do u use any objective measures to define the trend based on price, volume and momentum?
— Aneesh Philomina Antony (@ProdigalTrader) May 15, 2021
Price will always go back and forth move no matter how strong the trend is.
1/4 pic.twitter.com/qqizh2JO3J