🥊Candle "Wicks" have their own story to tell🥊

@ every timeframe, its like a boxing match between the buyers and sellers.
Candle Body (🟩/🟥) tells who won the round

What about the Wicks?
They do tell a story.. read on..

#StockMarket #sharemarket
(1/1)

Happy Diwali everyone 🙏!

Here is a #TradingView example that calc ideal position size for your acc. size and max risk

The position is volatility adj. (⏫vol,⏬pos size)
Am sure you will see immediate results if you follow this position mgmt. concept

RT,❤️& DM for the script!

Inputs:
1. Max Account value
2. Max Risk
3. Long / Short
4. ATR based SL and TP targets

Output:
1. SL and TP price targets
2. Max CASH and FUT positions allowed
4. Risk/Reward Ratio

Thread on Average True Range (ATR)

- J. Welles Wilder created the ATR back in 1978

- ATR measures the volatility of the instrument

- Direction cannot be ascertained by using ATR

- Min/Max : 0 to 100

- Handy tool to measure volatility caused by Gap up/downs

(1/n)

The formula for ATR is

Average of True Range = avg( max[(high - low), abs(high - previous close), abs (low - previous close)], length)

(2/n)

Usage 1 : Volatility Regime Filter

Periods of High and Low volatility can be identified by a slow and fast ATR crossovers.

In high vol regimes, the fast ATR is above the slow ATR and vice versa for low vol

ATR crossover cannot be used to go long or short!!

(3/n)

Usage 2 : Mean Reversion

Extreme price movements are followed by reverting to the mean (equilibrium price). ATR bands can be plotted on chart to identify such extremities and take high probability mean reversion trades

Complementing indicators are stochastics, RSI

(4/n)

Usage 3: Pyramiding Strategy

Legendary trader Richard Dennis borrowed $1,600 and made $350 million in 6 years

The concept around his Turtles trading strategy revolves around Pyramiding, Position Sizing and Risk Mngmnt calculated with ATR

Below is a example of pyramiding

(5/n)

MEGA Thread on Moving Averages 🧵👇

In this thread, we will cover a lot of ways in which moving averages can be calculated

Goal of the thread is not to find the best MA but to explain the concept behind
I am sure you will find new ones on the list!

Lets start!
(1/11)

Simple Moving Average (SMA)

A SMA is a sum of past N values of PRICE divided by N

A SMA looks like below on the chart and is basis for more than 50% indicators out there (50% indicators show more or less same info as a SMA)

(2/11)

Exponential Moving Average (EMA)

The EMA places priority to price values that are recent. This enables it to be responsive compared to SMA.

Hints:
- Use it if you need a responsive MA
DEMA, TEMA are application of EMA over EMA to make it more responsive.
(3/11)

Weighted Moving Average (EMA)

The WMA is similar to placing priority to recent price changes. Its smoother because it adds weights rather than price fraction.

Hints:
- Jitteriness of EMA can be avoided with using WMA
- VWMA adds volume component to calculation

(4/11)

Hull Moving Average (HMA)

Perhaps the most elegant moving average and very smooth to look at.

HMA has reduced lag and also very responsive to price change.

Sudden price changes induce a overshoot which is rectified by the Jurik Moving Average (JMA)

(5/11)

Mega Thread on Exit Strategies (Long-Mid Term Portfolios) 👇

We talk about systematic exit a stock portfolio in a bear market in this 🧵

Most have made good profits in stock positions and its always good to be aware of what can be done when markets turn bearish

Read on.
(1)

1. Death Cross (50MA Crossunder 200MA)

This is a popular method to judge whether the stock/index is in a bear or bull market.

Book profits at a death crossover

My view: Not the best way of exit, there are better, more refined ways.

(2)

2. MA based Systematic Exit

MAs used:
21MA - 1 mnth avg.
65MA - 3 mnth avg.
150MA - 6 mnth avg.
250MA - 1 year avg.

Exit 25% if 21MA below 65MA
Exit 25% if 21MA below 150MA
Exit 50% if 21MA below 250MA

This method handles short term correction while having skin in game
(3)

3. ATR based Stop (Supertrend, Chandelier Exit, Chande Kroll)

For positional exit, ATR based trailing stop can be used.
ATR multiples are 3(aggressive), 5(conservative) are used

My preference is exit 25% on ATR(20,5) breach daily, full position on ATR(20,3) breach wkly

(4)

4. Ichimoku KUMO Breach

The KUMO cloud offers good support areas.
Exit 25% on breach of top of cloud
Do nothing while price inside the cloud
Exit FULL when price breaches cloud on downside

(5)

Lets talk about returns (risk adjusted!)

We are used to seeing % returns made against capital or even % made against margin blocked.

This is a wrong way to see the strategy performance due it doesn't take into account the risk taken to generate that return.

(1/3)

Thus the formula to calculate the "risk adjusted return" is:

Sharpe ratio = (Current Return - Risk Free Rate)/ Stdev(Historical Returns)

Lower Sharpe ratio means the strategy is unsustainable even if profit factor and win% are satisfactory.

(2/3)

Some tips:
- Calculate the Sharpe Ratio of the entire portfolio vs individual stock
- Track the Sharpe Ratio regularly as it can vary based on historical performance
- Even a low return portfolio/strategy can have higher Sharpe Ratio if the risk undertaken is less!

(3/3)

Stories of Guruvayurappan
Shri Krishna Leela

This is a beautiful story of Guruvayurappan. Once there lived in Guruvayur a poor family. Kitta, his wife & kids were struggling for their daily needs. With only a coconut tree in house, he earned a living by selling coconuts.

Kitta was from a low caste family. He was a great devotee of Guruvayurappan. Everyday before going to work he always prayed infront of a picture of Guruvayurappan in his house. His only wish was to worship at Guruvayur & have annadanam in temple. But he was not allowed there

It was Utsavam time in Guruvayur. From far behind kitta and family worshipped Guruvayurappan. Annadanam was given daily and no one was left empty stomach. Only Kitta didn't receive. That night, it was only Kitta's family who was sleeping without food. After temple nada closed

Shri Krishna, dressed himself as a Brahmin went to temple Kitchen. He packed food and went directly to kitta's house. Reaching Kitta's house, Shri Krishna told he was sent by a cook of Guruvayur temple and gave them the food he packed. Kitta and family was very happy seeing food.

When Kitta finished his food, Brahmin asked it will be better if he get a tender coconut( karikku)to drink. Kitta climbed the tree and gave all coconuts to him. After having 1 tender coconut, the Brahmin asked to bring remaining coconuts to Guruvayur temple the next day.

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

॥ॐ॥
अस्य श्री गायत्री ध्यान श्लोक:
(gAyatri dhyAna shlOka)
• This shloka to meditate personified form of वेदमाता गायत्री was given by Bhagwaan Brahma to Sage yAgnavalkya (याज्ञवल्क्य).

• 14th shloka of गायत्री कवचम् which is taken from वशिष्ठ संहिता, goes as follows..

• मुक्ता-विद्रुम-हेम-नील धवलच्छायैर्मुखस्त्रीक्षणै:।
muktA vidruma hEma nIla dhavalachhAyaiH mukhaistrlkShaNaiH.

• युक्तामिन्दुकला-निबद्धमुकुटां तत्वार्थवर्णात्मिकाम्॥
yuktAmindukalA nibaddha makutAm tatvArtha varNAtmikam.

• गायत्रीं वरदाभयाङ्कुश कशां शुभ्रं कपालं गदाम्।
gAyatrIm vardAbhayANkusha kashAm shubhram kapAlam gadAm.

• शंखं चक्रमथारविन्दयुगलं हस्तैर्वहन्ती भजै॥
shankham chakramathArvinda yugalam hastairvahantIm bhajE.

This shloka describes the form of वेदमाता गायत्री.

• It says, "She has five faces which shine with the colours of a Pearl 'मुक्ता', Coral 'विद्रुम', Gold 'हेम्', Sapphire 'नील्', & a Diamond 'धवलम्'.

• These five faces are symbolic of the five primordial elements called पञ्चमहाभूत:' which makes up the entire existence.

• These are the elements of SPACE, FIRE, WIND, EARTH & WATER.

• All these five faces shine with three eyes 'त्रिक्षणै:'.

You can lose 40 pounds of fat,

And be in incredible shape in 4 months.

All you have to do is follow these 11 simple guidelines:

· Preparation meets expectations

What do you expect to be feasible for you? Can you let go of the things that got you here?

Never treat such an endeavor as a sprint. It's a marathon.

Set realistic goals.

There's only ONE shortcut to get there faster: DO THE WORK!

· Avoid processed food

Eating highly processed foods for just two weeks can lead to weight gain and body fat increase.

Eat real food.

Get 90% of your calories from single-ingredient nutrient-dense

· Studies indicate that a high-protein diet is essential for stimulating muscle growth and losing fat.

0.73–1 gram of protein per pound (1.6–2.2 g/kg) of body weight per day is best for maximizing muscle gain and losing that stubborn fat.

· Never trust your gut

Weigh and track your foods. Timestamp your eating habits.
Compare prices between going out and prepping at home.

This will give you actual numbers and the right education to move forward from being unaware to being actually aware.

@SaveToBookmarks Nǐ hǎo! Saving all night and all day :) Original tweet by @AnJamison: "@SethAbramson @buzz\_chronicles @buzz\\\_chronicles @buzz_chronicles save as cat...". See You soon! ✌

Hello! Pleasure is mine. Original tweet by @SaveToBookmarks: "@AnJamison @SethAbramson @buzz @buzz_chronicles @pdfmakerapp @Readwiseio @thread...". Cheers! 👉