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12113 Channel breakout

229
Trade Thesis
a) Channel breakout
b) Open = Low set up
c) Weekly and monthly breakout
d) Good risk reward zone
e) sectoral support
f) volume burst
g) SL compulsory

Trading mindset requirements
a) What does it mean of "Acceptance of losses: Viewing losses as a cost of doing business rather than personal failure. losses, wastage are the integral part of any business and trading is also a business.
b) Why acceptance of losses is so important: it is because, it reduces the stress and emotions, and prevents revenge trading.
c) How to develop the attitude of acceptance: When we focus on long term outcome like annual or quarterly profits provides the edge for acceptance and not on individual trades.
d) Review the losing trade and learn from it.
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