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Here is a compilation of 42 of his tweets that I found useful in my quest for system building:
1) His first 100% ROI
Reached 100% returns today in less than 6 months goal no 1 achieved.writing a thread to share my journey what kind of systems i trade and future plans.started this experiment in may with a capital of 9.86L till yesterday profit was 9.56L today's profit made me cross 100%. pic.twitter.com/j2ZGfCRKZZ
— Logical Trader (@TraderLogical) November 3, 2020
2) Backtesting Bar by Bar is the real deal. He had spent 6 months, 6+ hours per day doing bar by bar
reading/listening the story of many successful trader friends from twitter i feel i really got lucky in trading. The only thing i did right was Watched charts for 10Years in 5-15-30 and 1hour and went live with system trading from Day 1.
— Logical Trader (@TraderLogical) August 15, 2021
3) Average points and Max DD for
my system stats since many have asked avg point 13 for nifty 42 for bnf max dd 340 for nifty 1100 for bank-nifty avg 200-220 trades in a year i do for each system.hope it help
— Logical Trader (@TraderLogical) November 3, 2020
4) How to calculate average points and account for
for nifty look for total points captured without cost and divide it with total no of trades. u will get avg points per trade if it is less than 8-9 points system will not be making money as 2.6pps cost plus slippage on entry exit will make a system loosing if avg is 6-7 points
— Logical Trader (@TraderLogical) March 19, 2020
Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K