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12099 Consolidation breakout

Trade Thesis
a) Consolidation breakout
b) Weekly breakout
c) Volume spurt
d) Price above pOC
e) Volume accumulation
f) Good Qtly Results
g) SL compulsory

Trading mindset requirements
a) You should be comfortable with your losses and should not exceeds above 1% in any given trade.
b) You cannot be wrong all the time
c) Focus on process and not on results
d) Mindset is the acceptance of right rules, but the right rules governed by practiced disciplined mind and committed for wining attitude.
e) Learn to take calculated risk and loss in order to get overall winning % and profit. Normal human nature always are risk averse and trying to avoid risk or pain and our mind even avoids taking calculated risk. This is killing us and not allowing us to practice to become practiced rule-based trader. our mind is constantly refusing to take any risk and avoidance of losing trades at any costs, thereby our mind even refuses to listen - what the market is telling to us.

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