Apollo Hospitals is ready to breakout!

Are you looking for a successful intraday trading strategy in Banknifty?

Well here is one along with entry, exit rules, and backtested results!

When people think about what it means to become a

“Successful Trader”

They think they should attend a workshop.

Need not be!

You can become a better trader just by listening to 1-hour teachings from 2-time US Investing Champion Mark Minervini sir!

Thread 🧵

(1/N)

First, we must acknowledge the efforts of Vivek ji for bringing him to help Indian traders 🙏🏻

The casual conversation starts to know what's Mark's take on failures.

Whether he has faced many failures at the beginning of his trading journey.

(2/N)

Mark said -

"I will not see failures as failures; I see them as results."

"We get either a good or bad result for every action. Every result comes with a lesson, my aim is to pick it and adopt it in life."

(3/N)

Mark lost money in his initial 5-6 years of trading journey.

He lost around $2,000 to $4,000 first time.

He lost $20,000 to $30,000 second time.

He lost big money when he followed his broker's advice to average a losing stock.

(4/N)

Q - How did Tony Robbin's Program Help you to become a Better Trader?

M - Investing on ourselves is important. One study medical to become a doctor even though he is not paid during the study time.

(5/N)

Breakout Trading is the most underrated trading technique in the trading community!

Every trader (intraday, swing, positional, or scalper) should know how to differentiate between a genuine breakout and a false breakout.

Do you know why?

Read this thread!

(1/N)

It’s important to understand two herds that exist in the market:

1. Smart Money &

2. Dumb Money

‘Smart Money’ refers to big sharks who have money & information power who give direction & momentum.

‘Dumb Money’ refers to retail traders who often try to make quick money.

(2/N)

You should know one secret now.

Participation from smart money creates a "genuine breakout."

And the absence of smart money participation results in a "false breakout."

Hence, it is always a good idea to follow smart money (by knowing real or false breakout)

(3/N)

What is Breakout?

As per Investopedia

“A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance.”

(4/N)

The price broke the resistance trend line with high volumes in this image.

Similarly, few recognize it as a breakdown if the price breaks the support trend line.

To keep it simple, we will focus only on the breakout.

(5/N)

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4000 !!??

ApolloHospital

Looks bearish and could test 3827.
Cmp 4377, if it manages to close above 4433, then trade fails.

@bhemant301 Here you go !! #StocksToBuy #StocksInFocus #StockMarketindia #stockstowatch #investing

#TataChem

#StocksToBuy #StocksInFocus #StockMarketindia #stockstowatch #investing

#SRF

#StocksToBuy #StocksInFocus #StockMarketindia #stockstowatch #investing

#mindtree

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#lxchem

#StocksToBuy #StocksInFocus #StockMarketindia #stockstowatch #investing

#Apollohosp