How to Make Money With Breakout Trading: A Simple Stock Market Book for Beginners - The Secret of becoming Intelligent Investor - Price Action Trading through subconscious mind and the Power of Now by INDRAZITH SHANTHARAJ
English | 2020 | ISBN: N/A | ASIN: B08F1T9H9T | 71 pages | MOBI | 1.45 Mb
Do you know every trader (be it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout?Do you know why?Because every 'Entry' and 'Exit' in any trade should come through a breakout or false breakout opportunity!It's important to understand two herds that exist in the market:1. Smart Money and2. Dumb Money'Smart Money' refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.'Dumb Money' refers to nonprofessional traders, retail traders who often try to make quick money.Do you agree that it's always a good idea to follow smart money?Then you have to learn the right way of identifying real breakouts.This Breakout Trading System consists of three critical components:1. Drawing Proper Trend Lines2. Identification of Real Breakout3. Trade ExecutionUseful references to draw a trend line:a. Price Peaksb. The Slope of the Trend Linec. The price should respect the Trend LineThe four things mentioned below are essential to separate a real breakout from fake ones:1. A Big Breakout Candle2. Quick Time3. Absence of Opposite Party Response (selling)4. Good VolumeAlong with these concepts, this book also answers the below questions:1. Why Even Smart People Fall for Market Conditions2. How to Take Your Exit To the Next Level3. The Untold Story About Trail SLIt also provides 10 great lessons on trading, 25 excellent traders' information on Twitter.About the Author: Indrazith Shantharaj is a full-time trader and author of few best-selling books. He uses Market Profile concepts, Price Action Trading concepts with tailor-made systems for the Indian market conditions. He is a former IT professional and has over ten years of experience in the stock market. His articles and free eBooks can be found atwww.profiletraders.in. Apart from trading, he spends his free time on travel and adventure. He also extensively believes in using the power of the MIND and is a practicing spiritual sadhana.