Pivot Trading- a new way of Trading

[hitesh05]

Common mistakes I made for a long time

1. Shy away from stocks going up
2. Booking profits early
3. No loss booking or averaging
4. Panic loss booking
5. Hearsay /influenced by others investing
6. No allocation thesis/ blind random
7. Restless / anxiety all the time
8. No plan.



Will stop all these in this year 2020.

Best of luck to all.

are you trading fulltime?

 

[Subhadip]

are you trading fulltime?

no.....

 

[Subhadip]

Missed opportunity there ..

 

[Subhadip]

While building initial capital to invest:

1. Try to live in a self-imposed financial scarcity

2. Save at least 20-30% of the income

3. Avoid high-consumption lifestyle

4. Delay the instant gratification process

5. Prepare a budget before buying anything

 

[Subhadip]

Hope enjoyed short yesterday & today..

 

[Subhadip]

 

[Subhadip]

My rules:

Rule 1: Never fight with market

Rule 2: Never take trade without SL

Rule 3: Calculate loss before taking trade

Rule 4: DO NOT ASSUME anything, trust the Chart

Rule 5: Never lose more than 0.5% of ur capital in one trade

Rule 6: Trade always in multiple of 4; Uptrend: 4:1:1 (6 lots) & in Downtrend: 4:2:1:1(8 lots)

 

[against_tides]

My rules:

Rule 1: Never fight with market

Rule 2: Never take trade without SL

Rule 3: Calculate loss before taking trade

Rule 4: DO NOT ASSUME anything, trust the Chart

Rule 5: Never lose more than 0.5% of ur capital in one trade

Rule 6: Trade always in multiple of 4; Uptrend: 4:1:1 (6 lots) & in Downtrend: 4:2:1:1(8 lots)

Hi,
Please shed more light on point 6
Thanks

 

[PreSap]

Hi,
Please shed more light on point 6
Thanks

He means your first entry should be with 4 lots. In case of longs add 1 lot and then 1 lot.
For shorts first add is 2 lots and then 1 lot and then another 1 lot.


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[against_tides]

He means your first entry should be with 4 lots. In case of longs add 1 lot and then 1 lot.
For shorts first add is 2 lots and then 1 lot and then another 1 lot.


Sent from my iPhone using Tapatalk

I think for short it's 4 then 2 then 1 then 1..
any idea about the entry points for subsequent lots..