This thread will briefly explain my stock selection process for trading

1) At EOD, short list stocks which are in bullish formations or bullish patterns on higher box sizes or time frames. On monthly and weekly time frames or 1% 2% and 3% box sizes
2/n

2) from this, short list stocks that are probable breakout candidates. Here I look for follow through to bullish patterns like super pattern , 💯 pole, turtle Breakout , rare occurrence , bear traps etc
3/n
3) From this list check relative strength against nifty 50 and short list stronger candidates.
Check for price and volume breakouts in candlestick charts on daily timeframes for confirming the momentum
4/n
There are many ways to achieve this. I have built a system in TradePoint from @Definedge for short listing the candidates. I run fusion matrix to find stronger candidates. The idea for this got from one of the weekly newsletters of @Definedge .
5/n
For finding momentum , developed a system in OHLC charts where I check for price and volume breakout for last 5 days, some EMA checks and RSI levels, supertrend etc

More from DTBhat

You May Also Like

THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less.
https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)


4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)