12177 W formation in development

Trade Thesis
a) W formation in development
b) Long term support
c) channel breakout possible
d) pre-budget rally possible
e) SL compulsory

entry criteria : 49500 feb month call long and 49600 call short for pre-budget and post budget rally. Risk defined strategy

Trading mindset requirements
a) you cannot be wrong all the time
b) Focus on process and not on trade results
c) plan the trade and trade the plan
d) Acceptance is the first criteria to become successful trader. (RFPA=Right focus plan accept)