Mukta's Journey into Trading Seventeen years ago, Mukta began her journey in the stock market with no background in finance. Initially inspired by curiosity during the Lehman Brothers crisis, she self-learned trading through magazines and books due to limited online resources at that time. Overcoming early losses taught her discipline and methods for success.
Transition from Candlestick to Point & Figure Charts For over a decade, Mukta relied on candlesticks and RSI indicators but felt there was untapped potential. In 2016-17, mentors introduced her to point-and-figure charts which offered noiseless objectivity—defining exact entry/exit points based solely on price action without time elements.
Understanding Point & Figure Chart Basics Point-and-Figure (P&F) charts focus purely on price movement using Xs for bullish trends and Os for bearish ones while ignoring time factors entirely. New entries are plotted only when prices move significantly beyond predefined box sizes or reversal thresholds offering clarity in trade setups.
Advantages of Noiseless Charts 'Noiseless' P&F charts eliminate distractions caused by minor fluctuations seen in traditional candlestick patterns allowing traders like Mukta precise control over stop-loss levels ensuring disciplined execution strategies aligned with broader trend analysis tools such as moving averages/super-trends etcetera effectively reducing emotional biases often associated otherwise!