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

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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.

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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.

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More from Learner Vivek Bajaj

This thread will give you access to all our FREE initiatives till date.

1. https://t.co/bPnddzO9NR is India's largest repository of interviews conducted by me, of real market participants.

2. https://t.co/QvERyyhWaE has A2Z of learning related to Trading.

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3.
https://t.co/f4yiFFxQ2p for learning basics of Options Trading

4. https://t.co/u56DYdqQAC for comprehensive text modules on Finance in simple school level language

5. https://t.co/dKr2tfcKI1 for practical value added learnings

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6. @mystockedge , simple and effective research tool for serious market participants who want to do-it-on-their-own

7. https://t.co/PgELBirufd for useful market insights.

And more coming soon.

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We have done fair bit of work in democratising financial education and financial data plus analytics in India by making them affordable and effective. Our Free initiatives are powerful and extremely value adding for:

Beginners
Traders
Investors

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Premium offerings are meant for next level workings. You should checkout all the advance work we are doing in both @elearnmarkets and @mystockedge to make sure that your financial market journey takes the right path of wealth creation.

Follow both the handles for details.

More from Screeners

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read

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