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
INDRAZITH SHANTHARAJ
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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 and
2. 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 Lines
2. Identification of Real Breakout
3. Trade ExecutionUseful references to draw a trend line:
a. Price Peaks
b. The Slope of the Trend Line
c. The price should respect the Trend Line
The four things mentioned below are essential to separate a real breakout from fake ones:
1. A Big Breakout Candle
2. Quick Time
3. Absence of Opposite Party Response (selling)
4. Good Volume
Along with these concepts, this book also answers the below questions:
1. Why Even Smart People Fall for Market Conditions
2. How to Take Your Exit To the Next Level
3. The Untold Story About Trail SL
It 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 many 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. 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.
Editorial Reviews
Review
⭐ ⭐ ⭐ ⭐ ⭐ Good Grief!! Actually, no Grief...Awesome book."I finished this book in a day. I'm about 8 books in on stocks and this one explored a specific strategy in depth. No fluff. Great examples of how it does work and how to identify a trade that is reversing. Gives you the feeling you had a instructor with you the entire time. Awesome Job!!" - Erik Garland
⭐ ⭐ ⭐ ⭐ ⭐ Well Done!
"Comprehensive methods and advice. Great value; received more than my money's worth... A pleasure to read!" - Martin
⭐ ⭐ ⭐ ⭐ ⭐ Well explained
"Mr. Indrazith Shantharaj has a clear and detailed explaination on the concept of break which extremely useful as a trader." - Mohamed Ali
From the Author
In my ten years of trading experience, I have used many indicators, learned many trading systems. But 'Breakout Trading' is one of my favorite trading systems. I don't give any fancy statements to explain why I liked this system.
Below are the three reasons behind my fondness for this system:
1. I have developed this system (with my way of collecting information).
2. It is simple to understand and easy to execute (all you need is 5 mins during live market)
3. It shows RESULTS!
Nowadays, I use this system rarely as I have transitted into intraday trading. Besides, I am an avid traveler and a blogger, and I often end up doing a lot of adventurous activities. Hence, I do not prefer to carry on trades post market hours.
However, I have been teaching this technique to numerous people who have benefitted from my advice.
This book is beneficial if you are a working professional or a business person and have the mindset to hold your trades between 2 days to 2 weeks. For everyone else, it's just a piece of some information.
I have explained only the concepts which are required for 'Breakout Trading'. Please refer to the last page if you need excellent book information for any other trading topic.
So, let's begin!
About the Author
Indrazith Shantharaj is a full-time trader and author of many 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 at 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.
Product details
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ASIN : B08F1T9H9T
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Publication date : July 31, 2020
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Language : English
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Page : 260 pages
Digital Delivery : Shared Through Google Drive/Mega
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Completing units:
HOW TO MAKE MONEY WITH BREAKOUT TRADING Analyse Stock Market Through Candlestick Charts by INDRAZITH SHANTHARAJ
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