THREAD 🧵- Trading Strategies
Here I discuss couple of setups which has an edge in the markets. This was evident during data analysis.
- No more than 1% of risk in one trade
- Max loss of 2% per day
- Keep your risk constant every day. Change your position size accordingly
- Focus on Risk reward as accuracy is not in our hands
ORB - You might be bored of seeing ORB in the list but this is still one of the best setups specially on INDEX (Nifty and Bank nifty) as they are trending in nature.
ORB works best in these 2 cases -
> Gap days
> Entry is made quickly after marking the levels. In other words, Quicker the entry, better it is
> ADX(14) > 30 & ADX(5) < 15 - If volatility is more on bigger TF and less on small TF, it gives you a better edge
ORB can be of 5, 15, 30, 1 hour or even more than that. If the entry is made quickly after ascertaining the levels, it is more profitable as it shows that market is trending today. You can diversify with different ORB timings
Profit booking can be booking half quantity on 1:1 and trail rest.
If mastered, ORB setup alone is enough to give you lots of profit in market.
VWAP Touch - How many times have we seen in a trending market where price retraces to VWAP and continues in the same direction. The best part of this setup is a very attractive risk reward this setup gives.
More from All
APIs in general are so powerful.
Best 5 public APIs you can use to build your next project:
1. Number Verification API
A RESTful JSON API for national and international phone number validation.
🔗 https://t.co/fzBmCMFdIj
2. OpenAI API
ChatGPT is an outstanding tool. Build your own API applications with OpenAI API.
🔗 https://t.co/TVnTciMpML
3. Currency Data API
Currency Data API provides a simple REST API with real-time and historical exchange rates for 168 world currencies
🔗 https://t.co/TRj35IUUec
4. Weather API
Real-Time & historical world weather data API.
Retrieve instant, accurate weather information for
any location in the world in lightweight JSON format.
🔗 https://t.co/DCY8kXqVIK
Best 5 public APIs you can use to build your next project:
1. Number Verification API
A RESTful JSON API for national and international phone number validation.
🔗 https://t.co/fzBmCMFdIj
2. OpenAI API
ChatGPT is an outstanding tool. Build your own API applications with OpenAI API.
🔗 https://t.co/TVnTciMpML
3. Currency Data API
Currency Data API provides a simple REST API with real-time and historical exchange rates for 168 world currencies
🔗 https://t.co/TRj35IUUec
4. Weather API
Real-Time & historical world weather data API.
Retrieve instant, accurate weather information for
any location in the world in lightweight JSON format.
🔗 https://t.co/DCY8kXqVIK
You May Also Like
5 webinars/conclaves since May 2020 and over 100 stock ideas shared. Still not enough :)
Twitter should be like that airport shuttle service, the moment you walk out (start following someone) - there should be a chauffeur (new stock idea) ready to drive you to your destination!
[Free CDMO Masterclass #18] https://t.co/208eQbYKEF
[Free Art of Investing] https://t.co/bHvUqnpiTE
[Paid IIC Dec 2020 on SeQuent] https://t.co/3iDO438Et9
[Charity fund raise on Unseen Trends in Biotechnology] https://t.co/eNi1x1qwhH
[Q&A on APIs]
Twitter should be like that airport shuttle service, the moment you walk out (start following someone) - there should be a chauffeur (new stock idea) ready to drive you to your destination!
[Free CDMO Masterclass #18] https://t.co/208eQbYKEF
[Free Art of Investing] https://t.co/bHvUqnpiTE
[Paid IIC Dec 2020 on SeQuent] https://t.co/3iDO438Et9
[Charity fund raise on Unseen Trends in Biotechnology] https://t.co/eNi1x1qwhH
[Q&A on APIs]