If You are Trading Tightness by just looking at 3 or 4 Tight days. You are giving very less chance to yourself of getting those 8-10 R+ Trades. You need some good R gains to which will make up for your all small losses.
what you should focus to get those high R trades ⬇️
Another way to learn Tight Stop Loss Trading is to study all trades by @iManasArora . Look at his Entries , try nd find out reason for his Entries nd Exits..when you Master one set up, yes you can trade with 1% or smaller SL.
STUDY Past Big Winners nd check how stock moves:
Focus on bigger picture , look for the uptrending stock which are coming out of from the BASE or look for the stock which are consolidating near Breakout area.
Stock which are giving Tight days near 10 or 20 EMA.
Big bases lead to bigger moves. If you want to spend less time watching the market, focus on improving your ability to identify big bases. Train your eyes and brain to spot these patterns effortlessly.
Here are some examples of big bases. Study them repeatedly to prepare yourself for trading big bases effectively.
Few Tradingview tools that can Make your Trading Life Easy
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1. Based Finder From @amphtrading
This is the companion tool to the original Base Finder which is used to identify consolidation periods in a stock's advance. It allows traders to zoom in from the weekly chart and get a more precise view of the daily price.