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An Easy method for Investing without knowing a single thing about fundamentals
1. Filter stocks those are at lifetime high
Potentially those that are Non-FNO since FNO scripts
move slowly.
2. Make sure prev month candle has closed above
previous ATH.
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1. Filter stocks those are at lifetime high
Potentially those that are Non-FNO since FNO scripts
move slowly.
2. Make sure prev month candle has closed above
previous ATH.
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3. Enter when current month high crosses prev month high with an SL of 20 period monthly MA on closing basis. (Try to allocate not more than 5% of capital on a single stock however tempting it seems)
4. Only exit when stock closes back below 20 period moving average
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4. Only exit when stock closes back below 20 period moving average
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5. Once you exit the stock again wait for the same process if you want to re-enter.
6. You will get 5-6 great trades a year, funds for this can be taken out from your trading profits. Ride the trend while it lasts and dont hesitate to come out in a loss ,if any.
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6. You will get 5-6 great trades a year, funds for this can be taken out from your trading profits. Ride the trend while it lasts and dont hesitate to come out in a loss ,if any.
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7. As said earlier prefer low float stocks which can give explosive moves and not FNO stocks.
Cheers
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Cheers
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