BC VCP
Saved by @cur10uslearner

Quick question.

Would you trade this VCP pattern in the making? Yes/No? And, why?

 To all those who are saying No because the current market ain't right for upside breakout trades, please look at the timeline of the picture. It is from 2016/17 when almost every stock exploded.
The majority answered Yes but for me, it's a NO. I'd pass this 2T VCP/CnH because even though the 2nd U shape is smaller in size by 70% but this U formed at a huge distance away from the 50 DMA line a.k.a EXTENDED.

1/n
The odds of profiting from the get-go are much better when breakouts happen 'closer' to 50dma.

As you can see in the picture, the price stayed sideways until the line caught-up with the price. Had you traded this breakout, you would have sat on a dead trade for 5-6 weeks

2/n
After covering the distance, when that same bloody formation was spotted, look at the result yourself. This is an eye-opener for everyone who said YES and for everyone who said no for a different reason.

3/n
After I pointed out this mistake my trainee was committing, his number of bad trades dropped by a whopping 90%. And imagine the losses which he is saving now.

Time to save yourself from such great looking set-ups which are not really great.
#BroTip
Chk your past trades & the entry point. Out of all the trades, how many trades were already extended when you entered?

In my entire trading experience, I have seen the majority making this mistake. Let me knw how much you could have saved. I bet the number will be HUGE!

#BroTip

More from Manas Arora

Manas Arora
Manas Arora
@iManasArora
Second example of the day - How tightness looks like! https://t.co/9ygWz7HsZD
SCANS
Manas Arora
Manas Arora
@iManasArora
Everything you need to learn to make money from breakouts is by studying these trades.

Notice how strong the trend was, volume pre & post-breakout etc. They have so much in common. This is my bread & butter. I just repeat this day-in & day-out. No rocket science
#BroTip

1/2

https://t.co/AeUkzgVM7S

https://t.co/1znMi5Cjgk

https://t.co/5R1i8ijiUY

https://t.co/VOVTxOdPCv

https://t.co/vhBIwLuk8q

https://t.co/3xcKeJtmYe

https://t.co/PXjWVPVsLz

https://t.co/SBkSALkL3U

https://t.co/NBNSLTaD5O

https://t.co/JS08fLd4PI

2/2
MARORALEARNINGS
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Manas Arora
Manas Arora
@iManasArora
3/n

I don't check DOW late at night and worry about what it will do. Never done it in many many years I can think of. Yes, when I started out I used to. Futile exercise it is.
#BroTip

4/n

I don't worry about gap downs like most of you do. No gap down can wipe me out because I position myself that way. It can at max damage me 2-3 or maybe 5% something I can recover from.

P.S: No gap down has ever hit 2% of my port forget 5. Position size is the key.
#BroTip

5/n

I don't have any indices on my screen. I can swear by my life that I don't know where NIFTY and Sensex are. They don't make money for me. Stocks do. And stocks make those indices.
#BroTip

6/n

From the time I have gathered the right skills to make money, I have NEVER had any large losses. I will not let a small loss snowball into a big one. Will happily take a small hit, step back and hit again when I see a trade.
#BroTip

7/n

I catch falling knives contrary to what has been preached by many (Including me in my starting years). Every falling knife slows down at some point which is what I try to catch. The R/R they offer is way better. Best is you can do SIZE as..
ALL
Manas Arora
Manas Arora
@iManasArora
“Take uncomfortable size with tight stop. Go big. Press. Destroy your average”

Exactly what you are seeing me do for months now.
MARORALEARNINGS
Manas Arora
Manas Arora
@iManasArora
Weekend material
BROTIP

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