How to do "Positional/ Swing" Trading ?
Just yesterday I paid attention to "IRCON" as it was trading at 92.
Disclaimer : Not a recommendation to "Buy or Sell".
Studied it's fundamentals quickly (It takes time at the beginning but after doing this exercise for a few months it hardly takes 15 minutes).
It listed in 2018.
Drew 2 Trend-lines quickly (Again, your eye needs some time to recognize what you are looking for but over a period, it requires lesser time).
It was trading in contraction and breaching the upper trend-line.
Nifty was likely to hold 15000 so I bought the stock at 92.
This is PNL screenshot.
This was a "Positional trade".
Below is the "Swing trade" in "NMDC".
As you can see in the "PNL", made close to 49 % Return on Investment or 1.38 lakh rupees.
It takes a lot of "Learning, Patience, Tuition fee, Time, , Practice, Discipline and Persistence" to reach here.
I am talking with proof and i am not trying to show off but just saying that while "Trading" is definitely not as easy as most fake traders make it seem but it is very much possible to make money in "Trading" despite it being a hard thing to do.
I also shared views at our Telegram group.
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Regards !!
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