Most of the trades fail due to questionable setups. And in an environment like such, when everything is giving a breakout, it is very difficult to select appropriate setups. Specially due to FOMO: we often try to have every stock in our portfolio which is breaking out. 1/
Result- over trading & trading faulty setups!
The best way to avoid this is to have a proper trade selection checklist. This checklist will immediately tell you whether you should be taking the trade or not, and even if you'll be taking the trade, what are the probable 2/
risks involved. Having the correct context & a good setup is extremely important, because it is the context which actually we are trying to ride upon, and it is the setup where the accumulated supply settles & stock gathers energy for its next leg of upmove.
To help you how 3/n
your trade selection checklist should be, what points you should consider while creating a checklist, I will share my approach towards trade selection.
If it sounds exciting, stay tuned with my blog (link given below), the checklist will be up there in a day or two. I hope 4/n
it will immensely help you in getting clarity in your mind while making your trade selections. 5/5
Blog Link: swingkasultan.wordpress.com
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.