Anyone please suggest the book for intraday trading and about false breakouts in the market with practical charts for information about false breakouts
There are many available. You just need a google search.
- Trading for living
- How to make money in intrday trading by ashwani gujral
- For understanding psychology behind false breakouts “Trading in the Zone” by mark douglas
- Technical analysis for dummies.
Would suggest to go for foreign authored books
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In fact, experience gained through time spent on screen is the best book.
However, a lot are available in youtube too.
How do you plan to escape frm false brkout .problem is in the brkout strategies …they dnt/cant work.leave them fr your own good n concentrate on the thing on which price is dependent ie vol
No strategy has 100% success rate, same goes for Breakouts. One way to avoid false breakouts is to not trade when price is close to support/ resistance.
Thr are bunch of ppl in mrkt who themselves making losses bt cant resist giving out opinions … brkout strategies are bound to fail as thrs no logic in it …all so cald support n resistance lvls, one day brkout 2hr brkout created by ‘fukrey retailers’ like us are nthng bt jokes …they are easily broken whn an inst. enters n without inst, false brkouts are soo common tht u are bound to make huge losses as retail vol nt capable of giving 1:2
This looks very interesting to me… wish I finish reading all books …