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
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.
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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Result Script + Move more than 1.5ATR move either side.
That's it enter whenever see low risk in direction.
Add Gap as well of +/-2.5%.
Scanner prepared for all derivative script which trading more than 1.5 atr. Add sub category if u want.
Disclaimer: need to see lower timeframe to enter when risk reward
With this simple logic, you will not going to miss any good momentum Stocks in fno market.
One more note high momentum Stocks also volatile in nature so entry only when ur risk defined and rr good. All the best!
See this now and compare it with the associated tweet to identify extended stocks that could potentially prevent u from entering . RS is now negative and at rock bottom levels.
#FreeTip#Positional— ScorpioManoj (@scorpiomanojFRM) June 11, 2021
How to assess if a stock is too extended? Many find it difficult to assess the matured stage of a very strong uptrending stock.
1 easy way is avoid entering in the 5th base onwards during Stage 2 of the stock. For eg, Base count of #Intellect is in pic. pic.twitter.com/MCxK6vzjT4
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Let me break down why I think this will be THE SPAC of 2021. 👇
TL:DR – the management team is loaded with President Biden’s closest friends and advisors. No other SPAC has this level of access.
$PIPP company overview:
-focused on defense, government service & aerospace
-perfect focus when you consider who is on their Management Team
-here's where it gets EXCITING
-founded by John Thain (ex Merrill Lynch CEO and Uber director)
-then STACKED with veteran Government and Administration key figures
$PIPP Insane Management Connections
-the list of PIPP "DC Partners" includes:
-- President Biden's pick for Secretary of State (Tony Blinken)
-- President Biden's pick for Secretary of Defense (Gen. Lloyd Austin).
$PIPP - The Joe Biden Connection
- Tony Blinken and President Biden are close allies.
- Blinken has been an advisor to Biden for decades
- Blinken set to be appointed Sec. of State
In 1989, two members of the group, Morten Harket and Magne Furuholmen were in Switzerland with environmentalist Frederic Hauge, when they came across a hobby-converted Fiat Panda. Stated range: 45 km. They snapped it up and imported it to Norway.
Photo: In Switzerland (Bellona)
On arrival in Norway, the regs didn't accommodate the registration of electric cars so it couldn't legally be driven on the road. Since it had a propane-fuelled heater, just like a motorhome, they registered it as a motorhome.
Moreover, in contrast to petrol cars, diesel cars paid registration fees based on how far they were driven, and our heroes thought this should also apply to electric cars. So the two-seater Swiss-converted Fiat Panda was registered as a diesel motorhome in Norway.
They managed (somehow) to avoid paying the one-off registration fee in 1990, and ever since then electric cars have been exempted this now-substantial fee.
before they get to Product-Market-Fit.
What would be the reasons?
Here are some, I see on a daily basis. They are related to issues with founders or market (in no particular order):
1) Founders haven't studied or trained on basic things of startups: idea validation, market validation, customer value-proposition, team-building, product building, basic finance, and total money required to do few iterations.
A: Work for a startup for a few years and learn.
2) Founders are solving a problem that they face in their daily life at home or work and start solving for themselves before checking whether there are others who care about the same problem. After building the product, they realize the market issue.
A: Idea validation failure
3) Too headstrong and think every potential customer can't imagine the value unless they experience the product. Hence, start building the product.
A: If you are deep and know you are at the same league as in Steve Jobs, this makes sense
4) Founders talk to few friends and colleagues and start building a product. After building the product, they realize there is no high demand for the product.
A: Spend month(s) on the problem and not on the solution.
Based on this analysis: "Denials for immigration benefits—travel documents, work permits, green cards, worker petitions, etc.—increased 37 percent since FY 2016. On an absolute basis, FY 2018 will see more than about 155,000 more denials than FY 2016." https://t.co/Bl0naOO0sh
"This increase in denials cannot be credited to an overall rise in applications. In fact, the total number of applications so far this year is 2 percent lower than in 2016. It could be that the higher denial rate is also discouraging some people from applying at all.."
Thanks to @gsiskind for his insightful comments. The increase in denials, he said, is “significant enough to make one think that Congress must have passed legislation changing the requirements. But we know they have not.”
3-Strong eye contact
4-Fluid hand gestures
5-Let’s others talk more
6-Listens & relates
7-Comfortable Touching people
8-Walk with a swagger
9-Speaks at slower pace
10-Keeps calm under criticism
[ QUICK THREAD ]
How do you feel when you see someone that looks angry?
It’s a downer
No one will want to interact with you if you look pissed all of the time, it’s just negative energy
Plus, smiling is a sign of confidence and boosts others moods
Don’t walk Into any social setting looking like the hunchback
It’s weak and makes you look low energy
Plus, you’re displaying low status with weak posture
Stand up straight with your chin up & chest out like a god
Walk like you’re proud of yourself
3- Strong eye contact
Ever shake someone’s hand & their eyes are either looking down or darting?
It’s weak & you probably won’t trust them
Or in conversation?
Eye contact while talking means you’re listening and paying *Attention*
Strong eye contact displays confidence
4-Fluid hand gestures
Use your hands to talk & express your points
Don’t stand there like a robot
Using the hands can make what you’re talking about exciting
It can also be used to emphasize
Exciting = positive emotion
Remember, making people FEEL is what’s important