We explore the topic of buying stocks at least risk zone further in this episode with Himanshu Sharma.
Watch the previous episode: • Buying Stocks at Least...
He begins by talking about relative strength of a stock. He believes that after every bear market crash those stocks that reach their highs first will be the new leaders. He shares examples of stocks like Laurus Labs, Dixon Technologies, etc.
He talks about assessing the quality of base formation with the help of volumes and primary uptrend before picking any stock.
He speaks at length about the concept of risk management and position sizing in this episode. He also emphasizes the importance of maintaining a trading journal and how it will help you become a better trader.
He believes the goal of every trader is to keep on increasing his average gains throughout his trading career. A trader must focus on the whole portfolio rather than individual stocks.
He speaks in detail about tall the four steps you must focus on to improve your trading:
1) Stock Selection
2) Entry Points
3) Position Sizing
4) Exit Criterion
We are certain that you will like this episode as it is filled with gems of wisdom.
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Timeline:-
0:00 Introduction
1:06 Examples of relative strength of a stock
7:01 Examples of the quality of base formation with the help of volumes and primary uptrend
26:13 Importance of a trading journal
28:59 Exit criterion
32:30 Examples of Exit criterion
38:35 Bell curve
46:17 Examples
55:33 Himanshu's favorite book
51:40 Most memorable day of Indrazith
52:03 Life lesson for Indrazith
53:14 Highlights and a glimpse of the next episode
About Himanshu Sharma
Himanshu is a full-time trader based out of Jakarta, Indonesia. He has done B.Tech from Delhi College of Engineering. He worked with the Government of India in the Central Secretariat department from 2016-19.
He was also simultaneously trading during this period and eventually left his job to pursue a full-time career in trading. He has also pursued Chartered Market Technician (CMT) and Certified Financial Technician (CFTe).
He likes to read books during his free time.
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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