Breakout Wizard

All large investors started small. If the corpus was built on salary or non-market related income then you always seek risk averse strategies. If you start on inherited wealth you’ll do below average to average returns. You have to start poor. Having nothing to lose is an advantage! The first 10 Lakhs needs a lot of self control. You have to stop spending to reach here. The next 15 Lakhs needs skill. You have to grow what you’ve saved. From 25 Lakh to 50 Lakhs it’s self control. You have to stop thinking of buying a home, car, Holiday, TV etc.  if you’ve hit 50 Lakhs wealth creation will become a habit. But it’s not the end. You have to still be hungry for more. You can’t buy ETF's and large cap stable names. You have to look at growing not protecting. And the best wealth decisions won’t come out of a consensus opinion.  The final trick is to see if you are doing well and people are scaring you off. ‘Bech de’ if that’s happening you are ok. If you are not...

(1) Which stage is this stock is in? For example: Accumulation, mark up, distribution, mark down. (2) Is the stock you are analyzing in an uptrend or downtrend? For example: Uptrend consist of HH, HL. Downtrend consist of LH, LL. (3) How strong is the trend of your stock? For example: ADX above 25 level. Trend is moving in 40 degree angle. Price is above short term Moving Averages. Price is above primary trendline. (4) What wave is this stock in? For example: Wave 1, Wave 2, Wave 3, Wave 4 or Wave 5. (5) What do the moving averages telling me? For example: Moving average is flattish or trending higher with price. (6) Are there any chart pattern forming in your stock? For example: Always look for pattern in the context of current trend.  (7) Is the price chart of your stock is smooth or sloppy? For example: Price trend is moving in random or non-random fashion. (8) What does the volume pattern tells me? For...

1. Give up emotional engagement with every tick of the price movement of your trade.  2. Give up your own opinions. 3. Stop watching price 2-3 times a day. 4. Stop being emotional after every losing trades. 5. Stop making expectation of profit in every trade. 6. Stop entering trades based on hope and fear. 7. Stop trying to predict the future price movement and start trading the present moment price. 8. Stop trading until you find good Risk-Reward set up for your trading. 9. Stop confusing yourself with so many methods and start choosing one that fits your personality. 10. Stop breaking your trading rules. Discipline is an edge in trading. 11. Stop expecting getting rich quickly, start building wealth through compounding annual returns. 

Let's say, you bought a stock and your initial risk on the trade is just 1R.  So the R represent the dollar or rupee amount that you risk on each trade.  After you enter the trade, if the stock moves 3R from your entry price.  You should always book 70-80% profits at your target level. And let the remaining profits run with Trailing stop loss. Because you don't know when price might reverse and take back your open profits. There are many strategy used by Professional trader for trailing stop loss: MA based trailing stop loss, Previous pivot high & low, ATR Trailing Stop Loss, Percentage trailing stop loss. Never let your trading profits turn into a loss. However, strict adherence to this rule is vital for three reasons. The first reason is that it will boost your confidence and the second reason is that the account will grow consistently. And the third reason is that your remaining profits will grow bigger with Trailing stop loss. So R multiple represent the dollar o...

Hindustan Unilever Limited  ( HUL ) is a British-Dutch manufacturing company headquartered in  Mumbai ,  India.  Its products include foods, beverages,  cleaning agents ,  personal care products , water purifiers and  consumer goods .  HUL was established in 1933 as  Lever Brothers  and following merger of constituent groups in 1956 was renamed as Hindustan Lever Limited. The company was renamed in June 2007 as "Hindustan Unilever Limited".  HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps, tea, detergents and shampoos amongst others with over 700 million Indian consumers using its products. HUL MARKET SHARE Some of the most important things I've observed in this stock: Stock is at All Time High. Breakout above resistance zone will propel a rally in the stock. Stock is currently in accumulation stage. Price is currently 23% up from 52 week low. Price...