Trade Like a Monk: Trading Psychology is the Key to Successful Trading by Harneet Singh

Author:Harneet Singh [Singh, Harneet]
Language: eng
Format: epub
Published: 2021-06-12T20:00:00+00:00

Image 1 – Mind Tree Breakout Trade on 10-March-2021

The above image shows a good breakout trade opportunity in Mindtree on 10th March 2021.

It satisfied all the requirements (4 parameters), and hence I took a long trade above the breakout candle on the next trading day.

Image 2 – Mind Tree Breakout Trade Result

After making the entry, I prefer to trail stop-loss below the swing lows or in case of a big bearish candle, below the low of that candle.

In the above image, 1,2,3, and 4 are my trail stop-loss points. It hit my stop-loss on 13th April.

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