In today's episode of The Right Choices with Oracles of Dalal Street we're in conversation with Sovit Manjani. He will guide us through his 52 Week High Breakout Trading Strategy. He believes that retail investors can easily trade with this strategy in the markets and continue their routine jobs or profession.
Sovit begins this conversation by sharing the objective of his strategy. His objectives are as follows:
• The System should beat its benchmark CNX 500 Returns by a substantial margin
• It should have lower Risk then Nifty 50
• It should make our ideal cash work
• It should be easy and workable for a layman
• It should have minimum Entry Rules and Exit Rules
• It should have Zero Risk of Ruin
Sovit moves ahead and shares his strategy that is based on the above objectives. He shares entry, exit, liquidity and position sizing rules of this strategy in this episode. We're certain that you will be truly amazed with the simplicity of this strategy and its effectiveness.
The 52 Week High Breakout Trading strategy is one of the simplest form of trend following strategy and with this episode you will learn to implement it in your day to day trading. It’s a must have in your trading arsenal.
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Timeline:-
0:00 Introduction
2:43 Sovit's journey in markets
5:09 Mistakes Sovit did in his early market days
8:05 Journey of simple accountant to a successful systems trader
11:48 Drashta Long Term System by Sovit
12:06 Disclaimer
13:07 Types of strategies
15:54 Trend Following strategy
16:48 Mean Reverting strategy
17:37 Objective of the strategy
23:13 1st Rule- Rise from the Bottom Hypothesis
26:26 Example:- Adani Green chart
27:43 2nd Rule- Near to Yearly High Hypothesis
30:00 Quote by Jesse Livermore
30:54 3rd Rule- Liquidity Hypothesis
33:14 Exit Hypothesis
37:53 Putting all rules together
39:31 Position Sizing Hypothesis
43:57 Highlights and glimpse of next episode
About Sovit Manjani:
Sovit is the co-founder of ‪@Trading_Heads‬ and Equanimous Edge. He designs trading systems based on technical indicators for stocks, indices and single stock futures. He has been consistently profitable since 2017 in his personal account with CAGR of 41%.
Sovit started his career as an accountant and left his job in 2015 to become a full time trader. He is a Chartered Market Technician (CMT). He also teaches technical analysis to CMT students.
Apart from markets, Sovit takes deep interest in Vipassana meditation.
About The Right Choices with Oracles of Dalal Street:
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our KZfaq channel.
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