BC POSITIONAL
Saved by @rishabhjain06

Do you wish to get in the stocks right before they explode, without spending hours to scan them manually?

With hacks to find the stocks before they have explosive moves:🧵

Collaborated with @AdityaTodmal

 1/ Market moves in waves:

• A stock/index / underlying usually follows two phases; viz. Contraction & Expansion in a cyclical manner.
2/ Logic to find explosive stocks:

• After a quite/contraction phase the expansion phase follows, this is where most of the money is made for a trend follower.

• Like a lion which patiently waits to for its prey to make less movement before making a kill.
• A trader too has to wait for the sideways /consolidation period to end before striking the hammer for the explosive move.

• Wait patiently for market to make a narrow range such that movement should be almost dead or within a very small range.
• A volatility contraction is often followed by a volatility expansion.

• After a range formation the range will be broken either oon upside which is called as Breakout (BO) or would be broken on the downside which is called as Breakdown (BD).
3/ Narrow Range (NR) strategy:

• NR Trading Strategy is a breakout based method that assumes that the price of the security trends up or down after a consolidation in a narrow range.

• NR days mark price contractions that often precede price expansions.
4/ NR 4 and NR7 are the popular set ups:

• NR pattern comes from Tony Crabel's book, Day Trading with Short Term Price Patterns & Opening Range Breakout.

• An NR4 pattern would be the narrowest range in four days, while an NR7 would be the narrowest range in seven days.
5/ NR 4:

Example:
6/ NR7:

Example:
7/ Buy set up in NR 4 or NR 7:

• Buy when prices move above the high of the narrow range day.
8/ Sell set up in NR 4 or NR 7:

• Sell when prices move below the low of the narrow range day.
9/ Screeners for NR4:

• https://t.co/YJqkshodTE
10/ Screener for NR7:

https://t.co/lgNytEsfl6
Precautions:

a) Screener only helps in cutting down the time by shortlisting the names.
b) However one has to go through the names individually and check the most promising ones.
c) Select the best four (maxmium) promising names.
d) Always backtest the ideas for atleast 3months and forward test with small qty untill you attain success.

e) Define your risk to 0.5%-1% of your capital per trade.

f) Not more than 3 trades a day.
If you enjoyed this thread here's another one:

https://t.co/M8J7SuNTZw
That's a wrap!

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Few weeks ago @Ronak_Unadkat Sir conducted an exclusive session for me & @adityatodmal to explain how he trades.

He was kind enough to share all his trade strategies and was patient enough to answer our doubts.

Thought of making a 🧵for the benefit of the larger audience here.

Sir's Option Selling Logic 🧵:
• Reversals in Intraday Option selling
• Strike Selection & SL
• Hedging for any Black Swan Event
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• Always look at the chart as a starting point
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• Buy a proper hedge


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𝐁𝐚𝐬𝐢𝐜𝐬 𝐨𝐟 𝐃𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 - 𝐏𝐚𝐫𝐭 𝐈𝐈𝐈

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• Moneyness of Option contract:
• ITM option
• ATM option
• OTM option


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The most valuable aspect in trading you aren't using:

POSITION SIZING

Sizing is the key, you'll make big money only if you own a significant size without compromising on risk.

Here are 10 of them, and they are for free: 🧵

Collaborated with @AdityaTodmal

1/ For a faster growth, one needs to have a bigger size:

• What difference would it make if a stock moves by 300%?

• But then, what if you had only 1% capital allocation?

• Despite the stock performing spectacularly, your account won't reflect the same, due to small sizing.

2/ Three types of position sizing:

1. Fixed absolute Rupee amount that one is willing to risk.
2. % risk of the total capital.
3. Basis the edge.

Risk tolerance should be taken into consideration while determining appropriate position sizing.

3/ Fixed absolute Rupee Amount:

• Eg: Total capital is Rs. 10 lacs and the max risk per trade is Rs. 7500

• Lets say a stock is trading at 1200 and your SL is 1120 (i.e. your risk per unit us Rs. 1200-1120 =Rs. 80)

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4/ Percentage risk of total capital:

• Lets say you want to risk 1% of the total capital on each trade.

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#NIFTY

Bearish engulfing on monthly or bullish harami on Weekly , which one will play out?

Outlook for the week Jan 2 - 6, 2022.

THREAD: Deconstructing NIFTY on 5 different TF's.

#NIFTY

1. Monthly TF:

• Although the structure in monthly TF is of HH-HL, December monthly candle is a more of a bearish engulfing.

• However it is exactly at the support

• 17800-18000 looks like a strong support.


#NIFTY

2. Weekly TF:

• 17800- 1800 used to be a resistance in April & August 2022.

• However post BO of those levels, they might act as an immediate support.

• Current weekly candle is closer to the support (erstwhile resistance)


#NIFTY

3. Daily TF:

• After a sharp vertical fall, we expected a buying momentum

• Also Nifty filled the Gap.

• Strong support at 17800


#NIFTY

4. Hourly TF:

Moving within the rising channel, albiet the channel is quite steep.
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अन्नपूर्णे सदापूर्णे शङ्करप्राणवल्लभे 
ज्ञानवैराग्यसिद्ध्यर्थं भिक्षां देहि च पार्वति 

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