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How to Make Money With Breakout Trading: A Simple Stock Market Book for Beginners - The Secret of becoming Intelligent Investor - Price Action Trading through subconscious mind and the Power of Now
Do you know every trader (be it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout?Do you know why?Because every 'Entry' and 'Exit' in any trade should come through a breakout or false breakout opportunity!It's important to understand two herds that exist in the Smart Money and2. Dumb Money'Smart Money' refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.'Dumb Money' refers to nonprofessional traders, retail traders who often try to make quick money.Do you agree that it's always a good idea to follow smart money?Then you have to learn the right way of identifying real breakouts.This Breakout Trading System consists of three critical Drawing Proper Trend Lines2. Identification of Real Breakout3. Trade ExecutionUseful references to draw a trend Price Peaksb. The Slope of the Trend Linec. The price should respect the Trend LineThe four things mentioned below are essential to separate a real breakout from fake A Big Breakout Candle2. Quick Time3. Absence of Opposite Party Response (selling)4. Good VolumeAlong with these concepts, this book also answers the below Why Even Smart People Fall for Market Conditions2. How to Take Your Exit To the Next Level3. The Untold Story About Trail SLIt also provides 10 great lessons on trading, 25 excellent traders' information on Twitter.About the Author:Indrazith Shantharaj is a full-time trader and author of many best-selling books. He uses Market Profile concepts, Price Action Trading concepts with tailor-made systems for the Indian market conditions.He is a former IT professional and has over ten years of experience in the stock market. Apart from trading, he spends his free time on travel and adventure. He also extensively believes in using the power of the MIND and is a practicing spiritual sadhana.
260 pages, Kindle Edition
Published July 31, 2020
1096 people are currently reading
1076 people want to read
About the author
Indrazith Shantharaj
21 books42 followersAuthor of a few Best Sellers, "How to Make Money with Breakout Trading", "Mind Markets and Money," and "Trade and Grow Rich," Indrazith Shantharaj is an intraday trader who trades mostly in indices in Indian markets.
He uses the concepts of Market Profile intensively, with tailor-made systems for Indian market conditions.
Apart from trading, he spends his free time in travel and adventure. He also believes extensively on using the power of MIND and is a practicing spiritual sadhana.
He uses the concepts of Market Profile intensively, with tailor-made systems for Indian market conditions.
Apart from trading, he spends his free time in travel and adventure. He also believes extensively on using the power of MIND and is a practicing spiritual sadhana.
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Displaying 1 - 30 of 139 reviews
August 5, 2020
Much needed book for me ,I lost so much money in last 2-3 months because I invested in wrong companies and instead of going up they are going down and even I'm not able to sell them.
This book is a perfect guide for a retail investor who wants to make money from market. With the help of candlestick charts author tried to explain how we have to understand breakout trading and track the movement and when we have to invest.
If you intend to win a game, then you should know all the rules of the game in advance. Then only you can plan and show your talent in the live game. In the Traders’ perspective, this is called a trade plan. Plenty of successful traders give the utmost significance to the TRADE PLAN. So this book helps you to understand the basics and how to go according to plan and understand the cocept of breakout .
This book is not for everyone but who have intrest in share market then this book is very helpful for you.
This book is a perfect guide for a retail investor who wants to make money from market. With the help of candlestick charts author tried to explain how we have to understand breakout trading and track the movement and when we have to invest.
If you intend to win a game, then you should know all the rules of the game in advance. Then only you can plan and show your talent in the live game. In the Traders’ perspective, this is called a trade plan. Plenty of successful traders give the utmost significance to the TRADE PLAN. So this book helps you to understand the basics and how to go according to plan and understand the cocept of breakout .
This book is not for everyone but who have intrest in share market then this book is very helpful for you.
November 15, 2020
I was planning to read a book like this from the last two months and even I put 'The Intelligent Investor' on my TBR and kept it on the must-read list of books, but somehow I couldn't start it because I thought I am not ready for it yet. "Breakout Trading" was very helpful in terms of insights of trades and the way market functions.
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"Breakout Trading" is a practical book to help beginners who want to start trading, it can also be helpful to people who also have knowledge and experience of the market. The central idea of this book is the concept of breakout trading, where the author explains criteria for a breakout in apt details, proper plans for entry, and exit with factors of risk management.
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People are in trading markets know practical fact for sure that it's not a money-making machine, the idea of investing blindly is with no enough knowledge can be risky; but author Indrazith Shantharaj's trading system is very efficient by the way he has explained. He explains risk margins by considering different market trends like uptrend, downtrend, sideways trending random trends. For more insights and better understanding graphs have been used to explain concepts in detail.
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There were no down points in this book, as a business book it focuses on its concept and, the sole purpose I observed was to help beginners with providing them a reliable method for small capitals.
.
"Breakout Trading" is a practical book to help beginners who want to start trading, it can also be helpful to people who also have knowledge and experience of the market. The central idea of this book is the concept of breakout trading, where the author explains criteria for a breakout in apt details, proper plans for entry, and exit with factors of risk management.
.
People are in trading markets know practical fact for sure that it's not a money-making machine, the idea of investing blindly is with no enough knowledge can be risky; but author Indrazith Shantharaj's trading system is very efficient by the way he has explained. He explains risk margins by considering different market trends like uptrend, downtrend, sideways trending random trends. For more insights and better understanding graphs have been used to explain concepts in detail.
.
There were no down points in this book, as a business book it focuses on its concept and, the sole purpose I observed was to help beginners with providing them a reliable method for small capitals.
August 5, 2020
Things realted to trading
Book guides us and show about trading and how can we get information from it related to it. Main concept of the book is related to breakout trading. What is breakout trading and how one can benefit through it. Book is divided into 5 chapters showing related to trend lines and answer question about breakout trading. What is genuine breakout and about other things that covers many things.
First the book starts showing the definition of breakout through graphs and understand about it. Some definitions we need to know before making trend lines is explained in detailed way. Chapter 3 shows about genuine breakout and how we distinguish between it and false breakout. Few things we should know to do trade and where we should be careful, and we can benefit through it. Last chapters shows about breakout trading and clears doubt related to some questions what is it, what can we do if others things come and many more.
Start from the beginning to the end many things are covered here. Language of the book is simple to understand. Concept of the book is very different and is very useful. It is a short read which contains many helpful topics inside it.
Book guides us and show about trading and how can we get information from it related to it. Main concept of the book is related to breakout trading. What is breakout trading and how one can benefit through it. Book is divided into 5 chapters showing related to trend lines and answer question about breakout trading. What is genuine breakout and about other things that covers many things.
First the book starts showing the definition of breakout through graphs and understand about it. Some definitions we need to know before making trend lines is explained in detailed way. Chapter 3 shows about genuine breakout and how we distinguish between it and false breakout. Few things we should know to do trade and where we should be careful, and we can benefit through it. Last chapters shows about breakout trading and clears doubt related to some questions what is it, what can we do if others things come and many more.
Start from the beginning to the end many things are covered here. Language of the book is simple to understand. Concept of the book is very different and is very useful. It is a short read which contains many helpful topics inside it.
August 5, 2020
Book for business people and traders
The concept of breakout trading has been given significance to be elaborated in this book. Even though if we are new to trading all the concepts and the terms were covered. This book will be favorable for the working professional and the business people as the book explains the mindset to hold the trades between 2 days to 2 weeks with trend lines. It is clear to know that the author was keen on the subject of this title as he had attended many workshops and researched it well. Many breakout charts were illustrated and explained, in further, the aspects of trading seemed to be practical to follow. This book guided to avoid false breakouts and to get rid of risks.
The concept of breakout trading has been given significance to be elaborated in this book. Even though if we are new to trading all the concepts and the terms were covered. This book will be favorable for the working professional and the business people as the book explains the mindset to hold the trades between 2 days to 2 weeks with trend lines. It is clear to know that the author was keen on the subject of this title as he had attended many workshops and researched it well. Many breakout charts were illustrated and explained, in further, the aspects of trading seemed to be practical to follow. This book guided to avoid false breakouts and to get rid of risks.
August 5, 2020
Name : HOW TO MAKE MONEY WITH BREAKOUT TRADING
Analyze Stock Market Through Candlestick Charts
Author : Indrazith Shantharaj
The title itself gives us the information that this book has information about trading.
It's a very small book but a very informative one.
The author himself is a professional in this trading arena and looking at the graphs and explanation given by him even a beginner like me could understand it because of his exceptional content delivery skills.
He has given many examples in between. Like there's one in the very first chapter where he attends a workshop and he feels he has wasted his two days there and then he gets an idea from a Chicken family on the roadside. The point being anything can click your mind. All you need is a proper vision and some interest.
Analyze Stock Market Through Candlestick Charts
Author : Indrazith Shantharaj
The title itself gives us the information that this book has information about trading.
It's a very small book but a very informative one.
The author himself is a professional in this trading arena and looking at the graphs and explanation given by him even a beginner like me could understand it because of his exceptional content delivery skills.
He has given many examples in between. Like there's one in the very first chapter where he attends a workshop and he feels he has wasted his two days there and then he gets an idea from a Chicken family on the roadside. The point being anything can click your mind. All you need is a proper vision and some interest.
August 6, 2020
This is a very helpful guide for anyone seeking to navigate the world of trading. This book provides plenty of graphics to help you understand what he is explaining and offers traders a wealth of information in a way that is easy to understand. The author goes into this technique with numerous examples which are clear and concise.
As someone who is new to trading, it definitely helped give me a much better understanding. I like the way each chapter is laid out. Here are some of the specifics you'll learn...What is breakout, False breakout, Trend lines, Real breakout, and the end there are ten most important questions and answers related to the Breakout Trading. So Overall, the author did an excellent job of explaining trading and I would definitely recommend this book.
As someone who is new to trading, it definitely helped give me a much better understanding. I like the way each chapter is laid out. Here are some of the specifics you'll learn...What is breakout, False breakout, Trend lines, Real breakout, and the end there are ten most important questions and answers related to the Breakout Trading. So Overall, the author did an excellent job of explaining trading and I would definitely recommend this book.
August 20, 2021
Perfect book for beginners
The book does justice to its title and in an extremely precise format introduces its readers to breakout trading.
One of the most essential lessons that I learnt was that 'Entry' and 'Exit' in any trade should come through a breakout opportunity. Also, Breakout Trading System consists of three critical components: Drawing Trend Lines, Identification of Real Breakout, Trade Execution and Trade Execution, all of which are explained in a very lucid way.
Last but not the least, it also provides 10 great lessons
on trading which was definitely something worth knowing. Overall, the writing was to-the-point and the author's confidence from his experience worth years was perfectly reflected in this book.
The book does justice to its title and in an extremely precise format introduces its readers to breakout trading.
One of the most essential lessons that I learnt was that 'Entry' and 'Exit' in any trade should come through a breakout opportunity. Also, Breakout Trading System consists of three critical components: Drawing Trend Lines, Identification of Real Breakout, Trade Execution and Trade Execution, all of which are explained in a very lucid way.
Last but not the least, it also provides 10 great lessons
on trading which was definitely something worth knowing. Overall, the writing was to-the-point and the author's confidence from his experience worth years was perfectly reflected in this book.
August 5, 2020
very beautiful cover nd according to cover tbe knowledge of book also very interesting ...there are many interesting fact related to trading i learn from this book.
the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade. ... a purchase or sale; business deal or transaction. an exchange of items, usually without payment of money.
The presence of Mind of Writer nd experience of writer in bussines and trading Field is very useful for mew generation students nd new entrepreneur guys..
Plzz read nd understand all the person who is interesting in field of business nd want to earn money
the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade. ... a purchase or sale; business deal or transaction. an exchange of items, usually without payment of money.
The presence of Mind of Writer nd experience of writer in bussines and trading Field is very useful for mew generation students nd new entrepreneur guys..
Plzz read nd understand all the person who is interesting in field of business nd want to earn money
August 6, 2020
Honestly, I was never been into trading and it was really confusing for me before, but after reading the book I must say that I'm getting interest in trading!
The book narrated all the things in a hey easy manner.
The concepts are really easy to understand.
The graphs and the examples that the author used, made the things easy to understand and made the content more strong.
This is really a good book for investors and the author narrated all the aspects with proper explanations.
I loved it how the author narrated all the things in simple language.
The cover is simple and appropriate with the content.
Overall, a good one.
The book narrated all the things in a hey easy manner.
The concepts are really easy to understand.
The graphs and the examples that the author used, made the things easy to understand and made the content more strong.
This is really a good book for investors and the author narrated all the aspects with proper explanations.
I loved it how the author narrated all the things in simple language.
The cover is simple and appropriate with the content.
Overall, a good one.
August 6, 2020
Name - Breakout Trading
Author - Indrazith Shantharaj
📈
This book is a manual which helps the readers to understand a genuine breakout, manage money and trade.
It has explained the breakout trading system really well.
It talks of important points and differentiating factors.
The author has also given answers to some common questions of marketing.
The use of graphs and charts has made the subject easy to understand.
📄
It will be of good help to understand how things work in the market.
Has provided smart and efficient ways to identify breakouts.
Author - Indrazith Shantharaj
📈
This book is a manual which helps the readers to understand a genuine breakout, manage money and trade.
It has explained the breakout trading system really well.
It talks of important points and differentiating factors.
The author has also given answers to some common questions of marketing.
The use of graphs and charts has made the subject easy to understand.
📄
It will be of good help to understand how things work in the market.
Has provided smart and efficient ways to identify breakouts.
August 3, 2020
The title of the book itself has a very deep meaning when it comes to money.
The Analysis made by the Author has interestingly used the graph charts to explain the depth of the topics. This book will definitely help you to atleast understand about what is False Breakout. I loved the idea of the Author were he himself has answered the various questions which are in the minds of the common public . I
recommend this book to people who has lost their money through following some patterns in the Stock Market.
Ratings :4/5
The Analysis made by the Author has interestingly used the graph charts to explain the depth of the topics. This book will definitely help you to atleast understand about what is False Breakout. I loved the idea of the Author were he himself has answered the various questions which are in the minds of the common public . I
recommend this book to people who has lost their money through following some patterns in the Stock Market.
Ratings :4/5
August 8, 2020
During these turmoil times of Covid 19, it is imperative to have a side hustle and hence many people are resorting to trading as a secondary source of income but only few understand its nitty gritties. This novella is a courageous attempt by the author to make people aware about the fundamentals of Stock Market in general and Breakout Trading in particular.
Author with the aid of various tabular data and graphs has made it easy to explain the basics. Besides this, why investing is so essential is also being conveyed indirectly. How people fail in this highly sensitive field when they blindly go by instinct rather than knowledge is also highlighted.
Should be given a try by all individuals
Author with the aid of various tabular data and graphs has made it easy to explain the basics. Besides this, why investing is so essential is also being conveyed indirectly. How people fail in this highly sensitive field when they blindly go by instinct rather than knowledge is also highlighted.
Should be given a try by all individuals
August 5, 2020
Good book on Breakout trading
Explained Breakout trading technique using trend line in a simple and effective manner. Trailing SL and money management techniques mentioned show the concern author has for beginners. Overall a very good book to read
Explained Breakout trading technique using trend line in a simple and effective manner. Trailing SL and money management techniques mentioned show the concern author has for beginners. Overall a very good book to read
August 4, 2020
A good read
Definitely a good read. What you get from this is to know about swing trading on a breakout method as title suggests. Give a try you won't regret!!.. Thanks for the book.
Definitely a good read. What you get from this is to know about swing trading on a breakout method as title suggests. Give a try you won't regret!!.. Thanks for the book.
August 4, 2020
Good Guide for breakout trading.
To the point guidance... Teaches Proper risk management...How to draw trend lines and how to identify false breakouts ... A must read for beginners... Thank You.
To the point guidance... Teaches Proper risk management...How to draw trend lines and how to identify false breakouts ... A must read for beginners... Thank You.
August 4, 2020
Must read book for enthusiasm traders who want to learn concepts with logics,
Author knowledge and his positive impression on his explaination and read his every book,I learnt some new concept with confidence
Author knowledge and his positive impression on his explaination and read his every book,I learnt some new concept with confidence
August 4, 2020
Too the point!!
Good short crisp book. Explained in simple language with good illustrations.Good for those who want to reduce their number of false breakout trades.
Good short crisp book. Explained in simple language with good illustrations.Good for those who want to reduce their number of false breakout trades.
August 10, 2020
Good book on trading
This served as a great piece of information to me on trading. As I was not into this field to examine the tips imposed here it just gave a great trading Gyan. Yet it gave a deep insight into the terms "breakout, the false breakout, trend line, price peaks, support trend line" which are alien to me before but with the crystal illustration of trends and curves in the chart of the trade even with pictorial representation helped me decipher the modes of it. And yes planning and decision making is what important in every step to head forward and even in every action. Exactly these are what the book tried to explain in its own terms. As mentioned above it illustrates trading methods and even sighted several aspects of the trade plan. It describes the 'entry' and 'exit' of the trade-in a proportionate and in a proper plan with examples. The book also gave some action plans and references to access the trading probability.
Overall it's recommended to all who love reading about trade and marketing.
This served as a great piece of information to me on trading. As I was not into this field to examine the tips imposed here it just gave a great trading Gyan. Yet it gave a deep insight into the terms "breakout, the false breakout, trend line, price peaks, support trend line" which are alien to me before but with the crystal illustration of trends and curves in the chart of the trade even with pictorial representation helped me decipher the modes of it. And yes planning and decision making is what important in every step to head forward and even in every action. Exactly these are what the book tried to explain in its own terms. As mentioned above it illustrates trading methods and even sighted several aspects of the trade plan. It describes the 'entry' and 'exit' of the trade-in a proportionate and in a proper plan with examples. The book also gave some action plans and references to access the trading probability.
Overall it's recommended to all who love reading about trade and marketing.
December 4, 2020
Entire book can be summarized in a single page. Can't believe that this book has a 4+ rating. No wonder 95% of people lose money in the trading. When I came across the author's reference to trainer CA Rudra, then my in a moment I realized what this game is all about. All these guys (including book's author, CA Rudra) are heavily involved in workshops and training. Their maim source of income is not direct trading but direct workshops and seminars.
The breakout strategy discussed in this out in the public domain. Even if you search for top 10 breakout strategies on Google, you will definitely find it. To add credibility, things like his intelligent friend's story, four market direction etc. are added.
Guys if you are just giving out even a single penny to some other guy for workshop, ask for his last 2-3 years trading logbook/record along with the ITR statement. Otherwise get ready to lose both in the markets and these workshops as well.
The breakout strategy discussed in this out in the public domain. Even if you search for top 10 breakout strategies on Google, you will definitely find it. To add credibility, things like his intelligent friend's story, four market direction etc. are added.
Guys if you are just giving out even a single penny to some other guy for workshop, ask for his last 2-3 years trading logbook/record along with the ITR statement. Otherwise get ready to lose both in the markets and these workshops as well.
July 21, 2025
It's a mixture - it has beginner's guide, concepts from his books "mind markets and money" (but instead of market profile, candlesticks are used), "price action trading" and also has options trading. (I didn't read options section yet since I'm not going to trade options, atleast for now)
So, it's better to read this as first book especially if you are are going to read his price action book (most of what's in that book is already covered here in this book).
As usual, course selling is there in this book also. (free options course if u create Paytm account and trade or invest 5000).
Breakout trading system:
3 critical components:
1. Drawing Proper Trend Lines
Before you draw a trend line on any chart, ensure
- it’s not an operator stock (too many gaps and no activity on many trading days) and price action is smooth (Not having lot of selling wicks and buying wicks)
Chart - only daily charts with 6 months to 1 year duration
* You should connect a minimum of 2 peaks to consider it as a valid trend line.
- A trend line can be considered as a powerful trend line when it connects more number of peaks.
* Ideally, the trend line that shows slope (less than 45 degrees) is the safer bet, even if the trend line is connected with 3 or more valid points, attempting to take a trade is not a good idea.
* Ensure price respects the trend line with all its peaks.
2.Identification of Real Breakout
* A Big Breakout Candle (compared to the average candle size in that particular script)
* Quick Time (don’t consider the scripts which will display a small range of candles after breaking the resistance trend line) (On the daily chart, it should display breakout criteria in one day) - can't understand this
* Absence of Opposite Party Response (the selling wick of breakout candle should be less than 20% of the entire body of the candle) (Also there should not be big buying wick 😥)
* Good Volume spike
"Please note, it’s always a good idea to pick the scripts, which show some days of consolidation before the breakout"
3. Trade Execution
- Avoid the trade if it opens above 2% from the previous day high as it increases the stop-loss points and also it might attract profit booking
- Don’t buy even if it opens above 2% and comes back to the previous day high because it’s against to breakout concept (why?? 🤷)
Entry - few ticks above the high of the breakout candle.
Stop-loss - few ticks below the low of the breakout candle.
Target:
Downtrend to uptrend - beginning of the trend line or topmost swing
Breakout from Sideways market - same width of the sideways trend as the target.
Breakout of all-time highs - book profits at 1:2 Risk-Reward or trail stop-loss below every swing low or partial exit at 1:2 Risk-Reward and remaining position with trail SL.
"Breakout rule applies for the next 2-3 trading sessions after the breakout (as smart money will act either through selling or more buying or doing nothing"
So, trail your SL from the low of the breakout candle to the low of the next day candle, in cases of
- A Small Candle after Breakout
- Doji candle
- Selling wick (big) on the next day
- bearish candle (bearish Engulfing or a big selling pin bar)
Cuz, criteria for a breakout is that the price should give a big move in quick time with the absence of selling.
* Also, If there's is big candle on the upside, u can trail your SL below the low of that candle
* Shortlist only 2-3 breakout scripts for the next day (shortlist based on what? 😮💨)
* The next day, when the market opens, place an "SL-M buy order" above the high of the breakout candle for all the scripts.
* If it opens with a small gap (less than 2%), then you can buy at "market order".
* Only after you are familiar with the process mentioned above can you plan to implement this step.
- Exit only 75% of the position at target
- Carry the remaining 25% with a trail SL below the low of the target day candle or below any swing low.
Risk management:
* For one trade, use only 10% of your capital irrespective of the risk
- Using this approach, your entire capital percentage risk per trade varies between 0.5% - 2% (based on how deep your stop-loss is), which is fine.
* Never deploy more than 50% of your capital on trades (means all existing trades) until you experience all market trends (like uptrend, sideways, downtrend, and random).
- Except for the remaining 25% of the position on winning trades as you have already made a profit with these trades for 75% position
* An excellent trading system can reward better outcomes within 2-3 market.
- To taste success, one should follow this system across all the four stages of the market.
- approximately we can aim for 2 years to get some success with this Breakout Trading system.
Long trades,
In Uptrend, you get many scripts every day, and you will get good results.
In Sideways trend, you get a decent number of trades, and you will also get good results.
In Down Trend, you don't get more number of trades. Besides, more number of trades get out of the trade at breakeven
In Random market conditions, the result is not guaranteed.
So, it's better to read this as first book especially if you are are going to read his price action book (most of what's in that book is already covered here in this book).
As usual, course selling is there in this book also. (free options course if u create Paytm account and trade or invest 5000).
Breakout trading system:
3 critical components:
1. Drawing Proper Trend Lines
Before you draw a trend line on any chart, ensure
- it’s not an operator stock (too many gaps and no activity on many trading days) and price action is smooth (Not having lot of selling wicks and buying wicks)
Chart - only daily charts with 6 months to 1 year duration
* You should connect a minimum of 2 peaks to consider it as a valid trend line.
- A trend line can be considered as a powerful trend line when it connects more number of peaks.
* Ideally, the trend line that shows slope (less than 45 degrees) is the safer bet, even if the trend line is connected with 3 or more valid points, attempting to take a trade is not a good idea.
* Ensure price respects the trend line with all its peaks.
2.Identification of Real Breakout
* A Big Breakout Candle (compared to the average candle size in that particular script)
* Quick Time (don’t consider the scripts which will display a small range of candles after breaking the resistance trend line) (On the daily chart, it should display breakout criteria in one day) - can't understand this
* Absence of Opposite Party Response (the selling wick of breakout candle should be less than 20% of the entire body of the candle) (Also there should not be big buying wick 😥)
* Good Volume spike
"Please note, it’s always a good idea to pick the scripts, which show some days of consolidation before the breakout"
3. Trade Execution
- Avoid the trade if it opens above 2% from the previous day high as it increases the stop-loss points and also it might attract profit booking
- Don’t buy even if it opens above 2% and comes back to the previous day high because it’s against to breakout concept (why?? 🤷)
Entry - few ticks above the high of the breakout candle.
Stop-loss - few ticks below the low of the breakout candle.
Target:
Downtrend to uptrend - beginning of the trend line or topmost swing
Breakout from Sideways market - same width of the sideways trend as the target.
Breakout of all-time highs - book profits at 1:2 Risk-Reward or trail stop-loss below every swing low or partial exit at 1:2 Risk-Reward and remaining position with trail SL.
"Breakout rule applies for the next 2-3 trading sessions after the breakout (as smart money will act either through selling or more buying or doing nothing"
So, trail your SL from the low of the breakout candle to the low of the next day candle, in cases of
- A Small Candle after Breakout
- Doji candle
- Selling wick (big) on the next day
- bearish candle (bearish Engulfing or a big selling pin bar)
Cuz, criteria for a breakout is that the price should give a big move in quick time with the absence of selling.
* Also, If there's is big candle on the upside, u can trail your SL below the low of that candle
* Shortlist only 2-3 breakout scripts for the next day (shortlist based on what? 😮💨)
* The next day, when the market opens, place an "SL-M buy order" above the high of the breakout candle for all the scripts.
* If it opens with a small gap (less than 2%), then you can buy at "market order".
* Only after you are familiar with the process mentioned above can you plan to implement this step.
- Exit only 75% of the position at target
- Carry the remaining 25% with a trail SL below the low of the target day candle or below any swing low.
Risk management:
* For one trade, use only 10% of your capital irrespective of the risk
- Using this approach, your entire capital percentage risk per trade varies between 0.5% - 2% (based on how deep your stop-loss is), which is fine.
* Never deploy more than 50% of your capital on trades (means all existing trades) until you experience all market trends (like uptrend, sideways, downtrend, and random).
- Except for the remaining 25% of the position on winning trades as you have already made a profit with these trades for 75% position
* An excellent trading system can reward better outcomes within 2-3 market.
- To taste success, one should follow this system across all the four stages of the market.
- approximately we can aim for 2 years to get some success with this Breakout Trading system.
Long trades,
In Uptrend, you get many scripts every day, and you will get good results.
In Sideways trend, you get a decent number of trades, and you will also get good results.
In Down Trend, you don't get more number of trades. Besides, more number of trades get out of the trade at breakeven
In Random market conditions, the result is not guaranteed.
August 9, 2020
To make money..you have to spend money.
📗This book is about "Breakout Trading" which is Author's favourite trading technique because
a)He has developed it with his own way of collecting information.
b)this is very easy to understand
c) this Shows Results.
📗I liked the beginning of the book where author has shared his experience of how he discovered the difference between genuine and false breakout after struggling with it for a long period of time.
📗 Best part about this book is that everything is explained by simplifying method. There is proper definition of each term with related examples. Author has also used graphs to explain breakouts and trend lines. This book is not about just theory.
📗Book explains tips how to execute a perfect trade and what are the basic aspects of trade that one should know before entering into this world.
📗There is a chapter in the end which is about common and important questions related to trading and their answers explained.
📗 The unique thing is in the end where author has listed two tasks and has provided his email where readers can submit their task and Author will reply back providing his comments and suggestions. Author has also listed down names of some famous books and famous traders on twitter.
📗This book is perfect for you If you are a working professional or a business person and have the mindset to hold your trades between 2 days to 2 weeks.
Otherwise also it's a very informative piece of work.
📗My rating 4/5
📗This book is about "Breakout Trading" which is Author's favourite trading technique because
a)He has developed it with his own way of collecting information.
b)this is very easy to understand
c) this Shows Results.
📗I liked the beginning of the book where author has shared his experience of how he discovered the difference between genuine and false breakout after struggling with it for a long period of time.
📗 Best part about this book is that everything is explained by simplifying method. There is proper definition of each term with related examples. Author has also used graphs to explain breakouts and trend lines. This book is not about just theory.
📗Book explains tips how to execute a perfect trade and what are the basic aspects of trade that one should know before entering into this world.
📗There is a chapter in the end which is about common and important questions related to trading and their answers explained.
📗 The unique thing is in the end where author has listed two tasks and has provided his email where readers can submit their task and Author will reply back providing his comments and suggestions. Author has also listed down names of some famous books and famous traders on twitter.
📗This book is perfect for you If you are a working professional or a business person and have the mindset to hold your trades between 2 days to 2 weeks.
Otherwise also it's a very informative piece of work.
📗My rating 4/5
August 10, 2020
Book Name- Breakout Trading
Author- Indrazith Shantharaj
Pages- 66
Format- Kindle
Rating: 5/5 Stars
"HOW TO MAKE MONEY WITH BREAKOUT TRADING" by Indrazith Shantharaj very useful guide for all those who are working in business and market field or want to join this field.
I watched many movies which are based on market and trading like gafla, bazar etc. but when I entered in real market then realise that these movies are only motivational and reflects the 10-20% real market scenario. Actual market and trading is completely different than movies.
I personally advice you that don't invest your large amount in market without any experience or strategies, just after watched only movies.
Research in market and after that enter in market. To understand market conditions and strategies read best books like this book.
I learnt many things even I am in market since 2 years but things which I learnt in this book are i never aware about them in real market. Author approached all things in very understanding and helpful manner.
Book divided into 5 chapters and all chapters describe many things of market.
Author give his 100% in this book and very helpful for all those who are looking to enter in market and want to invest hard earned amount in a better way which give positive returns.
This book is for all who are beginner in market or expert in market.
I personally experienced this book as a best read for me for trading purpose and want to recommend to all who are looking for a best guide for market and business.
Author- Indrazith Shantharaj
Pages- 66
Format- Kindle
Rating: 5/5 Stars
"HOW TO MAKE MONEY WITH BREAKOUT TRADING" by Indrazith Shantharaj very useful guide for all those who are working in business and market field or want to join this field.
I watched many movies which are based on market and trading like gafla, bazar etc. but when I entered in real market then realise that these movies are only motivational and reflects the 10-20% real market scenario. Actual market and trading is completely different than movies.
I personally advice you that don't invest your large amount in market without any experience or strategies, just after watched only movies.
Research in market and after that enter in market. To understand market conditions and strategies read best books like this book.
I learnt many things even I am in market since 2 years but things which I learnt in this book are i never aware about them in real market. Author approached all things in very understanding and helpful manner.
Book divided into 5 chapters and all chapters describe many things of market.
Author give his 100% in this book and very helpful for all those who are looking to enter in market and want to invest hard earned amount in a better way which give positive returns.
This book is for all who are beginner in market or expert in market.
I personally experienced this book as a best read for me for trading purpose and want to recommend to all who are looking for a best guide for market and business.
August 20, 2021
Wonderful read
Trading is the new trend to make money or grow your money more.
.
In this book author shared his own techniques own methodology to breakout through trading.
.
"Experience is the best teacher "
.
Author wrote the book from his own experience his ups n downs highs n lows he faced in his life in the trading world.
.
He described all his tips n tricks in a very simpler manner to understand the depth of the trading world. The world of trading is just like an illusion. It's exactly not like that what we saw from outside. The depth, the great study, tricks & money making skills are nicely described in the book.
.
Another thing is those terms used in trading world. These are most of the time are a tough knot to crack. But it's the skill set of author & hold on this topic that he explained everything in such a simpler manner to make you used to of it.
.
The narration is nice a great initiative & guide to everyone who wants to be successful in trading world & earn more n more money.
.
The graphs used in between the chapters helped you more to understand the concept more precisely in a very eye catching manner.
.
The book is written targeting every age group every type of professionals who can easily applied them in their lives.
.
The book also gave solutions to the unsolved questions or doubts you have in your mind about the trading world.
.
It's a must read book to everyone who are aiming to be a part of the trading world
Trading is the new trend to make money or grow your money more.
.
In this book author shared his own techniques own methodology to breakout through trading.
.
"Experience is the best teacher "
.
Author wrote the book from his own experience his ups n downs highs n lows he faced in his life in the trading world.
.
He described all his tips n tricks in a very simpler manner to understand the depth of the trading world. The world of trading is just like an illusion. It's exactly not like that what we saw from outside. The depth, the great study, tricks & money making skills are nicely described in the book.
.
Another thing is those terms used in trading world. These are most of the time are a tough knot to crack. But it's the skill set of author & hold on this topic that he explained everything in such a simpler manner to make you used to of it.
.
The narration is nice a great initiative & guide to everyone who wants to be successful in trading world & earn more n more money.
.
The graphs used in between the chapters helped you more to understand the concept more precisely in a very eye catching manner.
.
The book is written targeting every age group every type of professionals who can easily applied them in their lives.
.
The book also gave solutions to the unsolved questions or doubts you have in your mind about the trading world.
.
It's a must read book to everyone who are aiming to be a part of the trading world
August 31, 2021
HOW TO MAKE MONEY WITH BREAKOUT TRADING: Analyse Stock Market Through Candlestick Charts - A Simple Stock Market Book for Beginners - Technical Analysis on Positional Trading - Price Action Trading
by Indrazith Shantharaj.
.
.
.
ABOUT AUTHOR:- Author of a few Best Sellers, "How to Make Money with Breakout Trading", "Mind Markets and Money," and "Trade and Grow Rich," Indrazith Shantharaj is an intraday trader who trades mostly in indices in Indian markets.
.
REVIEW:-
=>This book is beneficial if you are a working professional or a business person and have the mindset to hold your trades between 2 days to 2 weeks, for everyone else, it's just a piece of some information.
.
=>Author has explained only the concept which is required for 'Breakout Trading'. Every reader has to refer to the last page if you need excellent book information for any other trading topic.
.
=>What is a breakout? "A breakout is a stock price moving outside a defined support or resistance level with increased volume.
.
=>This breakout Trading system consists of three critical components, Drawing proper trend lines, Identification of real breakout, trade Execution.
.
=>Many more you will learn if you are interested to read this book, the author has explained it well, While reading I have learned a lot from this book.
.
*My Rating To This Book 4/5.
*No of Pages 65.
*Book Cover Rating 5/5.
by Indrazith Shantharaj.
.
.
.
ABOUT AUTHOR:- Author of a few Best Sellers, "How to Make Money with Breakout Trading", "Mind Markets and Money," and "Trade and Grow Rich," Indrazith Shantharaj is an intraday trader who trades mostly in indices in Indian markets.
.
REVIEW:-
=>This book is beneficial if you are a working professional or a business person and have the mindset to hold your trades between 2 days to 2 weeks, for everyone else, it's just a piece of some information.
.
=>Author has explained only the concept which is required for 'Breakout Trading'. Every reader has to refer to the last page if you need excellent book information for any other trading topic.
.
=>What is a breakout? "A breakout is a stock price moving outside a defined support or resistance level with increased volume.
.
=>This breakout Trading system consists of three critical components, Drawing proper trend lines, Identification of real breakout, trade Execution.
.
=>Many more you will learn if you are interested to read this book, the author has explained it well, While reading I have learned a lot from this book.
.
*My Rating To This Book 4/5.
*No of Pages 65.
*Book Cover Rating 5/5.
August 7, 2020
HOW TO MAKE MONEY WITH BREAKOUT TRADING by Indrazith Shantharaj
Honestly, I am quite interested in the trading market. And for some reason, as though I had manifested it, I got the opportunity to read the book. It serves as a guide to those wanting to invest money in the market. It mainly focuses on breakout trading.
The book is clearly divided chapter-wise into important topics. At first, it dives into various definitions used in the trading market to familiarise the readers with them. It defines the term 'breakout trading' and goes on to focus on how one can use it to his/her advantage. It later discusses in detail how to decide general breakout and to distinguish it from a false breakout. It talks about how one can avoid making mistakes and reduce their chances of losing money in the market easily.
The author has illustrated information using charts and examples which did help me a lot in grasping the concept better. The last few chapters are dedicated to FAQs and doubts most of us would have. These chapters proved to be quite helpful.
All in all, it was a good read, one that I will be making notes in, to refer later as I have been wanting to try my hands at trading. I would recommend the book to people with similar mindset, looking for their doubts on breakout trading to be cleared!
__________
Honestly, I am quite interested in the trading market. And for some reason, as though I had manifested it, I got the opportunity to read the book. It serves as a guide to those wanting to invest money in the market. It mainly focuses on breakout trading.
The book is clearly divided chapter-wise into important topics. At first, it dives into various definitions used in the trading market to familiarise the readers with them. It defines the term 'breakout trading' and goes on to focus on how one can use it to his/her advantage. It later discusses in detail how to decide general breakout and to distinguish it from a false breakout. It talks about how one can avoid making mistakes and reduce their chances of losing money in the market easily.
The author has illustrated information using charts and examples which did help me a lot in grasping the concept better. The last few chapters are dedicated to FAQs and doubts most of us would have. These chapters proved to be quite helpful.
All in all, it was a good read, one that I will be making notes in, to refer later as I have been wanting to try my hands at trading. I would recommend the book to people with similar mindset, looking for their doubts on breakout trading to be cleared!
__________
August 18, 2021
Excellent new technique I learnt.
First of all I am very glad that the author decided to put this book on Amazon after getting a great response when he wrote it actually as a guideline document.
This book has increased my knowledge tremendously and I really will follow this soon. I was also amazed by the research and thought process behind the book, as the author has written he had attended alot of seminars and sessions where he wasn't satisfied with the answers to his question. Hence when he got the answer to his question he put in all in paper.
The graphs, along with the summary at the end of the chapters were the key for keeping the book easy to read for me as an amateur.
The book of course gives us the introduction to breakout trading followed what this is the most underrated trading technique and most importantly how to decide which is a genuine breakout trading.
There is a chapter on top 10 questions and answer, rs very helpful too as it had a few questions I too had in my mind.
The final chapter is the bonus chapter.
An excellent book not just for traders but also for people who are getting into trading and what to learn the nuances.
There are links at the end of the book for people who want to know about more different topics.
Overall a good read.
First of all I am very glad that the author decided to put this book on Amazon after getting a great response when he wrote it actually as a guideline document.
This book has increased my knowledge tremendously and I really will follow this soon. I was also amazed by the research and thought process behind the book, as the author has written he had attended alot of seminars and sessions where he wasn't satisfied with the answers to his question. Hence when he got the answer to his question he put in all in paper.
The graphs, along with the summary at the end of the chapters were the key for keeping the book easy to read for me as an amateur.
The book of course gives us the introduction to breakout trading followed what this is the most underrated trading technique and most importantly how to decide which is a genuine breakout trading.
There is a chapter on top 10 questions and answer, rs very helpful too as it had a few questions I too had in my mind.
The final chapter is the bonus chapter.
An excellent book not just for traders but also for people who are getting into trading and what to learn the nuances.
There are links at the end of the book for people who want to know about more different topics.
Overall a good read.
August 10, 2020
Useful!!!!
How to make money?
This is a very helpful and guiding book based on breakout trading method. The book has in-depth knowledge of the method and graphical representations make it even more easier to understand it.
This book is helpful for both the beginners and the once into the business. The author has not just put theories into the book but also the real-life examples based on his experiences. The easy to understand language adds in explaining the concepts. It gives a complete insight of the business all from entry to exit the market, investment of money, share of money , rise and fall of market.
The book is divided into 5 chapters which even individually give the complete and power-packed knowledge of the subject.
A great book for those who plan to enter the business and trading world as it gives the best concepts to learn the workings of the market and also a must read for the people into the market as it will guide them throughout.
Making money is not easy but helpful methods and a clear knowledge of the concepts of the market can really help in increasing the profits.
How to make money?
This is a very helpful and guiding book based on breakout trading method. The book has in-depth knowledge of the method and graphical representations make it even more easier to understand it.
This book is helpful for both the beginners and the once into the business. The author has not just put theories into the book but also the real-life examples based on his experiences. The easy to understand language adds in explaining the concepts. It gives a complete insight of the business all from entry to exit the market, investment of money, share of money , rise and fall of market.
The book is divided into 5 chapters which even individually give the complete and power-packed knowledge of the subject.
A great book for those who plan to enter the business and trading world as it gives the best concepts to learn the workings of the market and also a must read for the people into the market as it will guide them throughout.
Making money is not easy but helpful methods and a clear knowledge of the concepts of the market can really help in increasing the profits.
August 10, 2020
Full of Depth Information about Breakout trading
This Book is all about Trading , fill up with the 10 years experience of author. It's an ultimate guide for those who are a working professional or for those who are business person and have the mindset to hold their trades between 2 days to 2 weeks.
This book covers a most Important Term related to trading i.e. Breakout Trading .
It will help you in getting answers about your questions that , is this company is actual performing like this or its a work of mediators who manipulating it.
Every person who is dealing in this must know difference between false breakout and a real one to avoid himself from the losses.
Book is jammed pack with many terms and techniques which are really usefull in terms of trade.
In this short book author has tried to share his overall experience about breakout trade so the reader will understand and able to invest correctly.
Book has covered many aspects of trading and if you are beginner in this field then must read this book . In the end author has also shared 10 great lesson he learned from this field so you can gain experience too.
This Book is all about Trading , fill up with the 10 years experience of author. It's an ultimate guide for those who are a working professional or for those who are business person and have the mindset to hold their trades between 2 days to 2 weeks.
This book covers a most Important Term related to trading i.e. Breakout Trading .
It will help you in getting answers about your questions that , is this company is actual performing like this or its a work of mediators who manipulating it.
Every person who is dealing in this must know difference between false breakout and a real one to avoid himself from the losses.
Book is jammed pack with many terms and techniques which are really usefull in terms of trade.
In this short book author has tried to share his overall experience about breakout trade so the reader will understand and able to invest correctly.
Book has covered many aspects of trading and if you are beginner in this field then must read this book . In the end author has also shared 10 great lesson he learned from this field so you can gain experience too.
August 6, 2020
This book is really very informative and helpful for people who are into trading. Many people lose a lot of money by investing in wrong places at wrong time. This book is a step by step guide towards analysing the stock market and deriving maximum benefit. The book is divided into five chapters. Each chapter deals with a particular aspect of breakout trading. The book explains concepts such as smart and dumb money, true and false breakouts, trend lines et cetra. Each chapter is nicely organised, with a summary at the end of each one. There are many graphical and diagrammatic illustrations which portray a clear picture to the readers.
Unlike most other relevant books, this book has a practical approach instead of simply providing theoretical solutions and that is what has made it more user friendly. The language is simple and easy to understand.
Overall it's a very well written and informative book! Go for it!
Unlike most other relevant books, this book has a practical approach instead of simply providing theoretical solutions and that is what has made it more user friendly. The language is simple and easy to understand.
Overall it's a very well written and informative book! Go for it!
August 8, 2020
HOW TO MAKE MONEY WITH BREAKOUT TRADING: Analyse Stock Market Through Candlestick Charts - Simple Trading Book for Indian Market - Simple Technical Analysis on Positional Trading
I guess everybody these days in this lockdown time is investing money in trading and planning to save them for future . What can be the best read in this time, useful knowledgeable and also for the Indian market , the techniques , the skills required in trading.
Personally, I got an idea for the stock market as it is very descriptive with all the graphs and the charts as given in the book.
Plan of action and plan of execution is used in the book which is totally easily understood for a beginner to expert.
Most of the people can relate it to the risks in market as the graph is never the same, one day it is good the other day its just a gambling but how to eliminate the risks are the best part as discussed in this book.
I guess everybody these days in this lockdown time is investing money in trading and planning to save them for future . What can be the best read in this time, useful knowledgeable and also for the Indian market , the techniques , the skills required in trading.
Personally, I got an idea for the stock market as it is very descriptive with all the graphs and the charts as given in the book.
Plan of action and plan of execution is used in the book which is totally easily understood for a beginner to expert.
Most of the people can relate it to the risks in market as the graph is never the same, one day it is good the other day its just a gambling but how to eliminate the risks are the best part as discussed in this book.
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