🇮🇳 CA Afzal Lokhandwala (Stock Market Trading)

#IRB (CMP: 72.4) - It is breaking out of the base. The resistance is marked with the orange line. Disclaimer: LINK

#HUDCO is one of the bumper stocks traded by the Champions Club. We bought it near the end of April. Refer LINK It is up by a whopping 30%+ in less than a month, and the members are riding it for maximum gains.

#COALINDIA - continues! Refer: https://t.me/AfzalLokhandwala/6604?single

Today is more about locking in gains. Just one entry today in #NHPC in the morning. Trades are working like a charm.

The past week has been super rewarding. As we got positive feedback, we built a lot of positions. Now, as they keep moving in our favour, we would raise our stops to cost and build more positions as long as our OR Matrix allows. If things go favourable, we will be sitting with many risk-free positions before the elections. People are busy watching news and figuring out two things: 1. What will be the outcome of elections? 2. How will the market react? At the Champions Club, our focus is solely on trading our system. As I mentioned previously, we determine what information is relevant and what is not. In the context of the upcoming elections, we believe that analyzing the election itself is not relevant to our trading strategy, and therefore, it's not a topic of discussion for us. Our decisions are based on price behaviour. That's the whole advantage of having a robust trading system v/s random trading.

I'm concentrated in Energy stocks. #COALINDIA #BPCL #HINDPETRO #MRPL. Refer to my open trades here: https://t.me/AfzalLokhandwala/6586

#COALINDIA looks like a winner. Breaking out! See when we entered here: https://t.me/AfzalLokhandwala/6581

#MEDANTA gapped down. Exited fully at a loss.

Learn to ignore the irrelevant. Refuse to know things. Too many facts are as bad as none at all. Most traders try a lot of stuff and gather a lot of information. I do the reverse. An ordinary mind believes that if certain information affects stock prices, it should be known and analysed. I do not believe this. For a fundamental analyst, doing so may be necessary. However, as a purely technical trader, I look at limited information. I never go beyond my boundaries. Since my approach is chart-based, I pay no heed to fundamentals, news, earnings, etc. Even on the charts, I use specific techniques, meaning I would eliminate those 99.9% tools/indicators. What information is relevant is not based on whether it affects stock prices or not. Rather, it is based on whether that information really adds an edge to your analysis and decision in the market. There is plenty of information that affects the stock prices but does not add any edge to my decision-making. That is irrelevant information for me. Simplification using limited analytical methods is my key. Trading can be tricky. Losing traders overcomplicate things, hoping complexity would result in better results. But we at the Champions Club know better; less is more. Simplicity wins! afzallokhandwala.com/ctm