12095 Trendline breakout

Trade thesis
a) Trendline breakout
b) Consolidation breakout
c) Double bottom Support set up
d) Good risk reward zone
e) Probability is 40% to reach target and hence SL is compulsory

Trading mindset requirements
a) Result of one trade should not induce any emotions and position sizing plays very import rule and risk not more than 1% of total capital.
b) There is no stress in the
world, just stressful thinking. There is no fear, just fearful thoughts. We are the creator of those feelings. We alone decide what our personal experiences means to us. Hence it is required to be stress-free and emotional-free state of mind for trading.