Will be adding the articles / stories about some inspirations from the stock market and Technical Analysis area every week. These are the stories that come my way through various channel like twitter, economic times, money control and all other news or micro blogging sites.
So here goes the first of the lot.. Manas Arora. You can find him on twitter as @iManasArora
Here he reveals his secrets of making money from stock market using technical analysis. Few of the interesting facts
1. He is not a day trader, but does positional trading using end of day charts
2. Have suffered losses that would have new traders run for the cover and say good byes to the trading, but had faith and continued with his passion
3. Found guru in Mark Minervini and read his book "Trade like a stock market wizard" which can be found on amazon.com or amazon.in
4. Manages risks well, takes risk of only 1% of capital for any one trade and 7% stop loss for any trade
5. Uses the strategy, he calls as "Contraction" which is well explained in the article and in his tweets as well
6. At any given time has only 5 positions. (this in fact I liked most and will be updating my portfolio to mimic this), re enters the same positions again and again whenever there is a signal as per his system
7. Takes one-on-one trading sessions for upcoming traders
Here is a link to the article from money control
So here goes the first of the lot.. Manas Arora. You can find him on twitter as @iManasArora
Here he reveals his secrets of making money from stock market using technical analysis. Few of the interesting facts
1. He is not a day trader, but does positional trading using end of day charts
2. Have suffered losses that would have new traders run for the cover and say good byes to the trading, but had faith and continued with his passion
3. Found guru in Mark Minervini and read his book "Trade like a stock market wizard" which can be found on amazon.com or amazon.in
4. Manages risks well, takes risk of only 1% of capital for any one trade and 7% stop loss for any trade
5. Uses the strategy, he calls as "Contraction" which is well explained in the article and in his tweets as well
6. At any given time has only 5 positions. (this in fact I liked most and will be updating my portfolio to mimic this), re enters the same positions again and again whenever there is a signal as per his system
7. Takes one-on-one trading sessions for upcoming traders
Here is a link to the article from money control
Do read and learn...
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