Did you follow Risk Management today?
Did you follow Money Management today?
Did you put Stop Loss today?
Was there control over emotions today?
Did you follow the same setup today?
Did you believe in yourself while taking the trade?
Did you stop yourself from trading over trade
today?
Did you wait for the right Opportunity today?

We do not have to invest money in the share market by taking loan or borrowing from anyone.
We will take the same risk that even after losing it does not affect our family life.
We will never trade with half knowledge.
We will never risk more than 2% of our total capital in a single trade!
Always trail Stop loss. Do not place a target. Enjoy a full rally.
The one who understands the value of time will become a good trader.

Did you learn anything new today?

If all these rules are followed then you can become a successful trader. Otherwise all setup, all strategies are useless.


PULLBACK TRADING

Trading pullbacks in trends can be one of the most rewarding trading strategies out there. The pullback trading strategy is a time-tested profitable strategy. The key to its high rate of success is given by the fact that we're trading in the direction of the prevailing trend.

There are many ways to trade the market using the Exponential Moving Average (EMA).

But the most common way traders use these EMAs to trade is with the trend. If the lower period EMA crosses above the higher period EMA, then the market is deemed to be in an uptrend. And if the lower period EMA crosses below the higher period EMA, then the market is deemed to be in a downtrend. But here's where many traders go wrong...

Many beginner traders see the crossover as a signal to go either Long or Short.

If the lower period EMA crosses above the higher period EMA, they go Long. And if the lower period EMA crosses below the higher period EMA, they go Short.
So do not use ema crossover as an trade indication, use it as trend changing indication.

You could use a 20, 50 or even a 100-period moving average. It doesn't really matter and it comes down to whether you are a short-term or long-term trader. Shorter-term traders generally use shorter moving averages to get signals quicker. Of course, shorter moving averagers are also more vulnerable to noise and wrong signals. Longer-term moving averages, on the other hand, move slower, are less vulnerable to noise but also may miss trading opportunities in the short-term. You have to weigh the pros and cons for your own trading.

Here we are two exponential moving averages: 20Ema and 50 Ema. If you have good knowledge of price action then it will be easier to take trades and exiting from the trades.

We will take long trades only if the 20ema is above the 50ema and we will go short only when 20ema is below 50ema.

Buy Rule:-

First we will look for 20ema to cross above 50ema. Once 20ema crosses above 50ema, we will wait for the price to bounce off from 20ema or 50ema.

If price does not bounce off from 50 ema and crosses through it then we will wait for another bounce Many people takes trade immidietly after price bounce off the EMA but I will suggest not to take trade immidietly after bounce off.

Wait for the price to break high made after crossover and bonce(It is upto u if you want to take trade when price bounce off from EMA). I will explain it in examples.

Sell Rule:-

First we will look for 20ema to cross below 50ema. Once 20ema crosses below 50ema, we will wait for the price to came down from 20ema or 50ema.

If price does not come down from 50 ema and crosses through it then we will wait for another bounce

Many people takes trade immidietly after

price bounce down the EMA but I will

suggest not to take trade immidietly after

bounce.

Wait for the price to break low made after crossover and bonce(It is upto u if you want to take trade when price comes down from EMA). I will explain it in examples.
Stop loss:-

Keep stop loss at low or high at pull back candle or nearest swing high or low

Target:-

Stop loss to target ratio will be minimum 1:2

Important note:-

A trader (stock market/day trader) should understand that 80% of trading is psychology and only 20% is strategy.