In this video of the Face2Face series, Mr. Vivek Bajaj, co-founder, StockEdge & Elearnmarkets, and Mr. Rakesh Bansal, a stock market specialist, break down the fundamentals of technical analysis for new investors joining the market during the COVID-19 lockdown. Regardless of the investor's time frame, Mr. Bansal emphasizes the importance of defining entry and exit points in his discussion of the stock market.
Further, he will discuss the basics and the pros and cons of using 3-line break charts with some of his own examples. He will discuss his entire process of using these charts to make profitable trades in the short-term investment horizon. He will also share his personal strategy of using the inverse of regular charts to find hidden opportunities to make profitable trades in the stock market. We will discuss how both the inverse charts and the 3-line break charts have helped him seriously trade in a better way in the stock market.
He emphasizes on the importance of soft skills, such as temperament and overall wellness, in making sound decisions when trading stocks. Moving on, he will discuss how he has learned to trade over the years without the presence of any technical indicators to predict trades in the stock market. Entering the stock market is easy while exiting is not. Thus he discusses the difficulties of exit strategies and provides necessary guidelines for successfully exiting trades, developing on his own short-term trading experiences. These insights offer traders valuable insight that enables them to manage their portfolios and protect their capital even when earning significant profits is difficult.
Gain knowledge about identifying entry and exit points, using three-line break charts, utilizing inverse charts, and honing essential soft skills by watching this video.