Breakout

[Joshua R. Mason]

Shantala, thanks for sharing it. You can also visit at https://ctoption.com/.

 

[Shantala]

 

[Shantala]

 

[amitrandive]

Shantala

How do you manage to choose scrips which give a good breakout?

 

[Shantala]

Shantala

How do you manage to choose scrips which give a good breakout?

Not choosing any scrips, just marking range and following them. It is not possible to predict, which scrip will give a good breakout. Just enter and have patience!

DLF gave surprise today, was expecting it to hold at support level, so covered early.

Day before yesterday, Hindalco tested my patience by not moving below my entry point about an hour.

Look at BPCL, it gave good breakout failure trade, which I missed.

Just enter at setup, place stop loss, and wait for exit point. It will either hit SL or give you good exit point.

When trend is healthy in your scrip, do not look at Nifty. Everyday there are some scrips, which make 52-week high and some, which make 52-week low irrespective of whether Nifty goes up or down. Many people either exit or lower their SL when Nifty moves opposite to their position. Watching nifty definitely makes some psychological effect on that particular trade.

 

[amitrandive]

Not choosing any scrips, just marking range and following them. It is not possible to predict, which scrip will give a good breakout. Just enter and have patience!

Just enter at setup, place stop loss, and wait for exit point. It will either hit SL or give you good exit point.

When trend is healthy in your scrip, do not look at Nifty. Everyday there are some scrips, which make 52-week high and some, which make 52-week low irrespective of whether Nifty goes up or down. Many people either exit or lower their SL when Nifty moves opposite to their position. Watching nifty definitely makes some psychological effect on that particular trade.

Thanks for explanation Shantala!!!
:clap::clap::clap:

My learning today highlighted in bold in blue.

 

[Shantala]

Some trading ranges.

 

[Shantala]

 

[Somatung]

@Shantala

How is it going? Any updates here in your nice thread? When ever time permits or you feel you want to post. Have a nice weekend

 

[PUCHU_2500]

hello guys, I don't like to trade break out instead I like to trade breakout failed. breakout trading is very danger like smoking............................................