I read this Book Here i am sharing some key highlights
From @markminervini 's Book "Think & Trade like a Champions"
Read on : 🧵
collaborated with @TradeWithChart
From @markminervini 's Book "Think & Trade like a Champions"
Read on : 🧵
collaborated with @TradeWithChart
🎯 Always go with a plan
⚫️Without a plan, you can only rationalize and be gripped by indecision at the moment you need to act swiftly
⚫️By being mentally rehearsed, you will eliminate panic and heightened emotions that would cause you to make mistakes
⚫️Without a plan, you can only rationalize and be gripped by indecision at the moment you need to act swiftly
⚫️By being mentally rehearsed, you will eliminate panic and heightened emotions that would cause you to make mistakes
🎯Approach every trade risk-first
⚫️Apply risk-management. Define ur stop-loss, capital stop-loss & trail-stops
⚫️At least 2:1 Risk-Reward Ratio
⚫️if losses are 1%-2.5% of your port, cut w/o question
⚫️Don’t go all-in but don’t also diversify too much 4-5 stocks at a time only.
⚫️Apply risk-management. Define ur stop-loss, capital stop-loss & trail-stops
⚫️At least 2:1 Risk-Reward Ratio
⚫️if losses are 1%-2.5% of your port, cut w/o question
⚫️Don’t go all-in but don’t also diversify too much 4-5 stocks at a time only.
🎯 Know the truth about trading
⚫️Take control by understanding the math behind your trades
⚫️Keep track of your trading. Journal every move. Post-analysis of your results.
⚫️What’s your batting average ( # of Winning Trades )
⚫️Take control by understanding the math behind your trades
⚫️Keep track of your trading. Journal every move. Post-analysis of your results.
⚫️What’s your batting average ( # of Winning Trades )
🎯 Compound money, not mistakes
⚫️Don’t buy more on losing stocks. They are bargains for a reason. Buy only winners. Follow what Institutional players are buying
⚫️Careful on Differential Disclosure, When fundamentals don’t match price action.
⚫️Don’t buy more on losing stocks. They are bargains for a reason. Buy only winners. Follow what Institutional players are buying
⚫️Careful on Differential Disclosure, When fundamentals don’t match price action.
🎯Up Trending Stocks
⚫️ Always to have the " wind at your Back " That means Only Buy Stocks that are in Long term Uptrends .
⚫️A Stocks that moves sideways in a Strong uptrend could be a potential Buy Candidate & stock in consolidating in strong downtrend can be shorted.
⚫️ Always to have the " wind at your Back " That means Only Buy Stocks that are in Long term Uptrends .
⚫️A Stocks that moves sideways in a Strong uptrend could be a potential Buy Candidate & stock in consolidating in strong downtrend can be shorted.
🎯Why Charts ?
⚫️Charts provides Valuable Clues . Price and volume analyses can help us to decide weather a stock is under accumulation or under Distribution.
⚫️ If you know how to study charts and how something is supposed to perform exit decision becomes much easier .
⚫️Charts provides Valuable Clues . Price and volume analyses can help us to decide weather a stock is under accumulation or under Distribution.
⚫️ If you know how to study charts and how something is supposed to perform exit decision becomes much easier .
🎯Why only Stage 2 Stocks ?
⚫️Why Stage 2 is important because Based on Past Studies . Biggest Winning Stocks made their Huge Price gains while in a Stage 2 Uptrend.
⚫️During the other stages ( 1,3,4 ) you are either losing money or losing time
⚫️ Stage 2 increase your odds
⚫️Why Stage 2 is important because Based on Past Studies . Biggest Winning Stocks made their Huge Price gains while in a Stage 2 Uptrend.
⚫️During the other stages ( 1,3,4 ) you are either losing money or losing time
⚫️ Stage 2 increase your odds
🎯Champion Mindset
⚫️To trade more effectively you have to detach yourself from whatever the outcome of your Trade.
⚫️You detach from what happens once you place the Trade.
⚫️Practice Mental Rehearsals Daily
⚫️To trade more effectively you have to detach yourself from whatever the outcome of your Trade.
⚫️You detach from what happens once you place the Trade.
⚫️Practice Mental Rehearsals Daily
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1. Follow us
@TradeWithChart
&
@AnkurPatel59
For more threads on Trading Related Topics
2. RT the tweet below to share it with your audience.
3. Have a good Day.💙🤙🏼
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