People DM me asking what it takes to be that top 5% successful day trader
I always refer to 5 dimension trading techniques, never published anywhere: Now you have it.
1st Dim: Price action 15M with volume - chart analysis, pattern recognition, trend analysis, major S/R levels
Jim's 2 books on Market profiles - must read for anybody who is serious about day-trading as well as swing trading.
Great tools to spot the large institutional trading fingerprint & intentions, combining with volume profile would pinpoint perfect intraday S/R
It would take about at least 1 year screen time to paper trade profitably before trading the real account.
So, please do not ask me about which tools are better. Actually, I have no idea.
However, I have followed #ticktool for a while, it seemed to be a good starting point
Absolutely not promoting anything, just answer some DM questions
Hint: Liquidity Moves Market
Below is an important old post about what moves the market?
We have talked about the Sentiment extremes moves market, evidenced by the extreme Fear to extreme Greed $VIX Mean Reversion strategy (see pinned posts)
The MMs, large institutions, hedge funds & speculators all trying to make the most liquidity in the market to work in their favor.
Some fading the crowd, liquidity hunting all day, fake break-outs and break-downs etc. dis/acc
https://t.co/LwlRbXzS88
I need to make one thing clear
— Kerberos007 (@kerberos007) April 13, 2019
1 Your bias, market blogs, commentaries, forums, market gurus, tweets, divergences etc CANNOT move price in any direction
2 Liquidity, sentiments & bid/ask volume made by market participants move market
3 $VIX strategy trades sentiment extremes
And what is the easiest way to find the most liquidity in the market?
1 - Major S/R levels - including trend-line, month/week/daily MP and Fib lvls.
More from All
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
A THREAD:
— Aditya Todmal (@AdityaTodmal) November 28, 2020
7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
Here I'm listing the resources every beginner should go through to shorten their learning curve.
(1/10)
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
The absolute best 15 scanners which experts are using.
— Aditya Todmal (@AdityaTodmal) January 29, 2021
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
Share for the benefit of everyone.
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
12 TRADING SETUPS which experts are using.
— Aditya Todmal (@AdityaTodmal) February 7, 2021
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Curated tweets on How to Sell Straddles
— Aditya Todmal (@AdityaTodmal) February 21, 2021
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.