Simplest short term momentum combination. Stocks that can give small movement with breakout.

Keep it Simple Stupid!

#cdsl has been a great compounder with a simple RS strategy.

1000 was clearly evident as discussed 2 months ago in #StockEdgeClub

My System for momentum trading🧵:

1. Stock Identification:

Daily and Weekly Delivery Analysis using @mystockedge
Theme Confirmation using Internet and Network

2. Stock Confirmation:

Relative Strength of a stock visavis market using RS55 model listed in @mystockedge

1/n

3. Stock Participation:

Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.

4. Position buildup:

Every time the stock gives a breakout from the previous swing high add more position and go all-in.

2/n

5. Stock Exit:

I run two portfolios: Short term Swing and Long term Swing.

For Exit in Short term swings, I use a 2hourly Chart with super trend and RS. I am using @tradingview for the same.

For long term swing, I exit when the RS of the stock goes below 0. Period.

n/n

KISS (Keep it Simple)

1. Identify Eagle Stocks from @mystockedge Swing Strategy
2. Make a Watchlist in both @mystockedge and @tradingview
3. Track the price movement and enter the stock when the price showing strength and continue till RS strong

E.g #ALKYLAMINE , what a beauty.

#Tool
Inside Day + Inside Week + Inside Month Candle pattern filter in Chartink. These stocks have high chances of breaking out / down.
Use at your own risk. Not specifically tested. Logic is based on common

#CPR is an indicator which is used for #Intraday in Stock Market.

This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝘾𝙋𝙍"

Like❤️& Retweet🔁for wider reach and for more such learning thread in the future.

Also, an investment strategy is shared using CPR in the end.

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Central Pivot Range (CPR) acts like a magnetic level for any stock/index. Traders use it for intraday but it works on higher time frame as well.
CPR is just the three lines which is like a magnet and price approaches these levels. CPR acts like a support or resistance.

2/24

What are these three lines now?

𝗣𝗶𝘃𝗼𝘁 = (High + Low + Close)/3
𝗕𝗖 = (High + Low)/2
𝗧𝗖 = (Pivot – BC) + Pivot

For intraday chart use previous day candle HLC. Similarly, for Daily Chart it would be Monthly HLC. For Weekly/Monthly Chart use Yearly HLC.

3/24

This indicator is available on Zerodha Kite (web version) and it works well there. It's also available in @tradingview but setup needs to be done based on the time frame.

Images are shared for CPR setup of both the terminals (Zerodha and Tradingview).

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CPR can be used in finding trend.

If CPR is moving up for the next day, then trend is up. If CPR is moving down for the next day, then trend is down.

Some examples for both:
In the below chart of Nifty (5 mins), CPR is moving down and price is also in downtrend.

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I've used Microsoft Excel for 20 years, and these 20 tips & functions will make you an expert and increase your productivity 100X📊

Don't ever use Excel again without knowing these 20 tips & functions:

Here are 20 MUST KNOW Microsoft Excel tips & functions (with pictures & examples of each below):

(1) Wildcards
(2) Duplicate
(3) Remove Duplicates
(4)Transpose
(5) Filter
(6) Conditional Formatting
(7) Sparklines
(8) Pivot Tables
(9) Auto-fill
(10) TRIM

11-20:

(11) XLOOKUP
(12) IF
(13) SUMIF
(14) SUMIFS
(15) COUNTIF
(16) COUNTIFS
(17) UPPER, LOWER, PROPER
(18) CONVERT
(19) Stock Market data
(20) Geography / Maps

Let's discuss each in detail (with pictures & examples):

(1) Wildcards

A wildcard is a special character that allow you to perform partial matches on text in your Excel formulas.

Excel has three wildcards: an asterisk "*", question mark "?", and "~"

(2) Duplicate

Duplicate the data from the cell above.

Ctrl + D fills and overwrites a cell with the contents of the cell above it

7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.

Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used

Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.

Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk