Some people think technical analysis is useless.

But we use technicals in all our trades.

Here's a list of 12 technical analysis books to help you learn and grow: 🧵

Collaborated with @niki_poojary

Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

The ideal time to buy/sell, using the best long-term indicators to spot Bull and Bear markets Odds.

Author: Stan

Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

How to develop the confidence to achieve super performance.

Author: Mark

Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market

Selecting precise entry/exit points, preserving profits, and getting consistent 3 digit returns.

Author: Mark

Zerodha - Module 2 Technical Analysis

Support & Resistance, Dow Theory, Indicators explained.

Author:

25 MARCH/APRIL TASK FOR Year end compliances FOR GST &IT

MEGA THREAD

1. Opting or opting out Composition till 31-3 for FY 22-23 ( to whom applicable)

2. Opting or opting out QRMP till 30-4 for FY 22-23 ( to whom applicable)

3. Apply LUT in case of Exporters for FY 22-23

4. Completing your Accounting till 31st MARCH - Give all File of purchase + sale + Exp Bank statement of current accounts and Saving accounts to your Accountant till March 2022
SO THAT your March GST return will be ready and your Accounting data will be ready for FY 21-22

5. MARCH ADJUSTMENTS- Make provision for Expenses for March . E.g Salary, Rent, Audit fees, Accounting Fees, Telephone Bill, Electricity bills, Etc etc . Also Depreciation calculation

6. FOR 80C/80D/80CCD/80G/80GGC/80GGB -

Reminder to PAY YOUR LIC, MEDICLAIM, PPF AND OTHER OBLIGATIONS TO CLAIM DEDUCTIONS as soon as possible BEFORE 31ST MARCH

7. DN-CN  -
transactions like sale returns or purchase returns or price revision or volume discount  , the required necessary  Debit note or Credit notes may  be raised in March 2022 . So it will form part of Fin year 21-22  & you book in your accounts in FY 21-22 .

Ten lessons from the book “Trend Following” by @Covel

A Thread 🧵

“There are 4 kinds of bets. There are good bets, bad bets, bets that you win, & bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds are against you.”

“We’re trying to exploit people’s reaction, which is embedded in prices and leads to trends.”

“Our best trading days are when we don’t trade.”

(Letting winners run or waiting for the right entry signal).

“Clarify trading and risk management systems until they can translate to computer code.”

Top leanings from the life of Jesse Livermore (legend of trading).

A detailed thread 🧵👇
#LearnWithChartmojo #stocks #trading

(1/16)

"Successful trading is always an emotional battle for the speculator, not an intelligent battle".

Managing emotions is considered to be the most difficult task. Calmness combined with patience in the chaos leads to success.

(2/16)

“It is what people actually did in the stock market that counted – not what they said they were going to do".

A trader cannot stick to his/her words and continue. Rather they have to change their colors like chameleon considering the market situation to earn profit.

(3/16)

“If you can’t sleep at night because of your stock market position, then you have gone too far".

One should know their capacity to handle the position. Oversize positioning might lead to an imbalance of mental health by creating mental pressure.

(4/16)

“The trend is your friend".

All traders should fit this in their minds and should never go against your friend. Rather it will help a trader to achieve the targets by just following the trend.

Thread on my Mistakes in #personalfinance. Slightly long - hopefully insightful. We all make mistakes in personal finance in our early stages our life and career – I want to take this opportunity of sharing my mistakes – the sole objective being – others can learn from them - 1/

Not saving and investing early in life – lived life in a complete consumption mode on a monthly paycheck till the time I actually bought a house. This was for the first 5 years of my career. Had lived the first 30+ years of my life in a 300 sq ft house. 2/

Bought my first car before I bought a house – so EMI for my Maruti 800 had already started. Objective of buying a house (way back in 2001 – under construction – possession in 2005) was to force savings in the form of an EMI. 3/

Had barebone savings of 50K which was the down payment for the 3 bed apartment in a plush complex for 26 odd lakhs (quite a luxury for my age – was single at that time) – But in hindsight – this one move has helped me as I inadvertently timed the real estate market at a low. 4/

Was lucky to be funded by HDFC for 100% of Property value + stamp duty + registration + term insurance for Loan value for 15 Years (with one Bullet Premium) – with no down payment – was refunded my 50K too. This was on a/c of the Brand which the Builder commanded 5/

How to save tax when income is above 50 lakhs?

Here are 9 benefits of trading in a corporate account: 🧵

Collaborated with @niki_poojary

1. Make a Pvt Ltd Company.

Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.

Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.

2. Surcharge Benefits:

You will be charged a lower surcharge in a corporate account.

Check the picture below:

Total Tax Outlay:

The total tax outlay for individuals is 30% plus surcharge. If you really earn a lot (10 cr +) then you will be paying 42% tax.

Whereas in a company you'll be paying a maximum of 28% tax.

This is how rich people save a lot of their money by paying low taxes.

3. Expenses can be deducted.

All expenses can be deducted from a company account.

Companies:
1. First make a profit.
2. then deduct the expenses
3. & Pay tax on the remaining income

Individuals:
1. First Profit
2. Then Pay tax
3. Expenses with whatever is left.

William J. O’Neil’s 10 trading principles that made him a fortune and a legend:

A thread 🧵👇

He sells a stock he is holding after it has gone down 7% from his purchase price.

“I make it a rule to never lose more than 7% on any stock I buy. If a stock drops 7% below my purchase price, I will automatically sell it at the market – no second-guessing, no hesitation”

One of the major keys to his profitable trading was only having small losses when he was wrong. 

“The whole secret to winning in the stock market is to lose the least amount possible when you’re not right.”

William O’Neil studied historical chart patterns relentlessly and read thousands of trading books.

“90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.”

He invested in an industries leading stocks not its laggards and dogs.

“It seldom pays to invest in laggard stocks, even if they look tantalizingly cheap. Look for, and confine your purchases to market leaders.”

Yesterday Subasish Sir from Power of Stocks made his first 1.5cr on Intraday

So let's have a look what we can learn from his today's profit:

• He generally build positions at previous swing break or after seeing a reversal candle after some retracement

• He generally creates his positions at 1st half of market
After that he just do adjustments and other things to his existing positions
• He trail his positions at previous swing high/low level

• He watch 5 min time frame to find reversals (W or M pattern) at Support/Resistance

• He generally short ITM options with hedge at 2000 far strike for margin benefit
• He leaves CE short options alone for overnight only if it decays over 20-30% after his entry

• But he never leaves PE short options alone (except where it become deep OTM) cause market generally gap up by small % but it can gap down by huge % due to any economic fear
• He always keep hedges(CE/Future short)to protect down side risk while he leave PE short for overnight

Pivot Boss Book: Main Source of Pivot & CPR.. After that everyone started creating video with half knowledge.

Example:Yesterday Banknifty Relationship:Overlapping Lower Value
Link: https://t.co/PNKThret3u