PART 42 : Price Action, Trend Line and Breakout PCJEWELLER Exclusive 25th Jun
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PART 42 : Price Action, Trend Line and Breakout PCJEWELLER Exclusive
https://www.youtube.com/playlist?list=PLBkc-sxYl11GxArHyHPYGEkIfvU52DdA-
This playlist is recommended for stock market Beginner. Videos are unedited and hence you may feel problem with the video quality.
I could say this playlist will change the way you trade the market. Always remember to take the loss and book the profit are two aspects of market while you buy or sell a stock. Always take a trade which has high probability of winning. Do you have any convincing reason why the price should go up, why it should fall you may take a trade or else keep away from it.
Learning is more important than winning all the trades for beginners hence start with very little capital and trade small like 2 or 3 stock only.
Loosing in beginning is more important than winning as it motivates you towards learning.
Also keep away from Future and options in beginning like I would say 3-4 months you should keep away from FNO. As FNO has its own way of trading. Don't fall trap of FNO strategies as being a retail investor you won't be able to sell any of the PUT or call option ( Need huge margin ). And the premium declines as the time reaches expiry.
Patience is the key in stock market. Also focus more on quality of trade than number of trades. Lesser quality trades are better than many irresponsible trades.
Try to work on bigger time frame in begging ( like 15 min) and start to recognize the Candle stick patterns in beginning that will give a kickstart to your winning. And as the time passes you may move on to 5 or 3min.
Also make a habit of investing rather than trading. In a long run always investor are more successful as compared to traders.