How To Improve At Trading,
— Trade With Trend (@ST_PYI) April 30, 2020
1. Take 1 Method.
2. Execute 100 Trades.
3. Document those 100 Trades.
4. Analyze mistakes after every 20 Trades.
5. Aim to not repeat those mistakes.
In 1 Year, You will surpass your Wildest Imagination in terms of what you will achieve.
To Succeed In Short Term, Swing & Positional Trading,
— Trade With Trend (@ST_PYI) April 10, 2021
1) Begin with Sector Analysis (Strongest Sector)
2) Then, Stocks within the Strongest Sector
3) Check for Long Term Trend
4) Identify Entry ONLY in the Direction Of Trend.
Give this a Try. Your Growth will be Exponential.
In Swing Trading,
— Trade With Trend (@ST_PYI) July 31, 2021
Never Buy a Stock that is below 50 Day SMA
Always align with Broader market Trend
Focus on High Beta Stocks & Sectors
Select Stocks that are Trending (Not in a Range)
And, look for Volume expansion over last 10 days
Follow this. Your results will Improve.
Simple Strategy for Swing Trader,
— Trade With Trend (@ST_PYI) August 12, 2020
1) 50 DMA should be rising (Align with Trend)
2) Wait for a Pullback at 50 DMA
3) Confirm with Hammer / Bullish Engulfing (Plus Volumes)
4) Use Stochastic Or RSI to confirm Pullback
5) Use Swing Low as SL
6) Stick to Quality Stocks
How To Improve At Swing Trading,
— Trade With Trend (@ST_PYI) December 19, 2020
1) Always refer to Higher Time Frame
2) Trade in the direction of Trend (Most Imp)
3) Focus on 26 Week High / Low Stocks
4) Within these, select High beta Stocks
5) Prefer Pullbacks over Breakout
Take notes & Review mistakes every week.
Before spending huge amounts to Learn Trading, spend time watching all Free content on Youtube/Twitter.
— Trade With Trend (@ST_PYI) March 11, 2021
If you can take Notes and can Practice with Discipline, you won't have to spend a single dime to Learn Trading.
Many people have shared their Knowledge. Try & Learn from it.
Three Books That Will Change The Way You Trade & Think,
— Trade With Trend (@ST_PYI) February 7, 2021
1) How To Profit In Bull & Bear Market - Stan Weinstein
2) Trade Like A Stock Market Wizard - Mark Minervini
3) Think & Trade Like A Champion - Mark Minervini
For PA Trading, Read these Books by Al Brooks (Follow the order)
— Trade With Trend (@ST_PYI) October 17, 2020
1) Reading Price Charts Bar By Bar
2) Trading Ranges
3) Trading Trends
4) Trading Reversals
Books are Slow Paced. But are a Gold Mine.
Read 10-20 Pages Everyday.
You will see significant Improvement over Time. pic.twitter.com/4r0CW6b9d6
Two Books That Will Change The Way You Trade With Price & Volume,
— Trade With Trend (@ST_PYI) July 17, 2020
Mastering The Market VSA - Tom Williams
Volume Price Analysis - Anna Coulling
Read Both These Books Multiple Times.
You Will See Massive Improvement In Your Trading.
For those interested in Momentum Trading, read the book Quantitative Momentum By Gray & Vogel.
— Trade With Trend (@ST_PYI) July 20, 2020
Will give you deeper insights into Systematic Momentum based Trading & Investing.
You will be able to design your Own Momentum System.
Give this a read. Will be worth your time.
The way to Improve in Chart Reading is to go through 100 Charts every weekend for 1 Year.
— Trade With Trend (@ST_PYI) December 6, 2020
As you Progress, you will begin to Identify Patterns, S&R and Trends with Greater accuracy.
Once you reach this Stage, this is when you will see Exponential growth in your Trading Skills.
'Buy At Test Of Support',
— Trade With Trend (@ST_PYI) November 27, 2020
If You Begin with this Simple Concept & build over It for The Next 12 Months,
Then in the End, You would have Surpassed your wildest Imagination in terms of Growth as a Trader.
Give this a Try. Works on all Time frames. pic.twitter.com/bIfrdVHMiU
If you are a Beginner,
— Trade With Trend (@ST_PYI) May 26, 2020
1) In Day Trading, never Buy a Stock below 20 DMA,
2) In Swing Trading, never Buy if Stock is below 50 DMA,
3) In Positional Trading, check if Stock is above 200 DMA.
By following these Simple Rules, you will end up saving lot of money over time.
It takes years of frustration and failures to become a Trader.
— Trade With Trend (@ST_PYI) August 21, 2020
Trading reveals your true character and tests your resolve to the fullest.
Only the one's determined to move forward make it till the end.
Trading will break you many a times. Yet, Journey is totally worth it.
It Takes 12-14 Yrs To Become a Specialized Doctor,
— Trade With Trend (@ST_PYI) April 25, 2021
8 Yrs To Become a Specialized Engineer &
Lifetime Of Practice To Become An Artist.
What Makes You Think You Can Become A Trader In Few Months?
It Will Take Min 3 - 7 Years Of Commitment & Hard Work.
This Is The Truth.
If you are a Day Trader Or Short Term Trader, focus on these Price Action Patterns,
— Trade With Trend (@ST_PYI) July 15, 2020
Inside Day (ID)
Narrow Range (NR7)
Combination Of Inside Day & NR7
You can build an entire Stock selection method based on these patterns alone.
These still work very well. Give this a Try.
Covered How I Became A Full Time Trader (Process & Struggles)
— Trade With Trend (@ST_PYI) August 22, 2020
Also Covered Trade With Trend Journey And My Goals Ahead.https://t.co/VC3f5V7cJC pic.twitter.com/pG3YzRFWzc
If You Are A Beginner,
— Trade With Trend (@ST_PYI) June 13, 2020
1) Your initial Months in Market will be frustrating.
2) You will feel Lost and Helpless (This is common)
3) There will be times, you will want to Quit.
4) I have gone through each Stage.
5) Just don't Give up.
Remember, It's Darkest before Dawn.
How To Buy Pullbacks In Trading,
— Trade With Trend (@ST_PYI) May 1, 2020
1) Clear Up move should be visible.
2) Volume expansion should be visible.
3) Mark out Point of Control (POC) on Chart.
4) Pullback towards POC should be swift.
5) Wait for Hammer / Bullish Pattern at POC.
SL - Nearest swing low. pic.twitter.com/yJSqrtEoa1
Price Action patterns that work really well in Stock Selection are,
— Trade With Trend (@ST_PYI) August 5, 2020
Inside Day
Outside Day
Candlestick Kicker
Narrow Range (7)
Volatility Contraction
You can build entire Stock selection framework for Day & Swing Trading based on these Patterns.
Pick One, Research Further.
How To Trade Breakouts,
— Trade With Trend (@ST_PYI) May 20, 2020
1) Wait for Opening range breakout,
2) Look for Volume expansion,
3) Test of VWAP as Value area,
4) Sign of Demand (Volumes),
5) Use Wide range candles to Scale out.
6) Prefer Day's low as SL
Test of VWAP on most Occasions offers low risk Entry. pic.twitter.com/jwEhJIFaZp
One of the Best Trading Psychology books that you'll ever read.
— Trade With Trend (@ST_PYI) July 31, 2020
Do Read this as and when Time permits. You'll start to understand what it takes to become a Trader.
Trading Psychology 2.0 by Brett Steenbarger. pic.twitter.com/zga0mxZUDB
Successful Trading Is All About Stock Selection.
— Trade With Trend (@ST_PYI) June 13, 2021
Invest More Time In Stock Selection And Less Time In Strategies.
If Stock Selection Is Wrong, No Strategy Will Work.
Select Stocks On Daily & Weekly Time Frame.
Identifying Winners Is A Lot Easier On These Time Frames.
When These Patterns Form, Pay Attention.
— Trade With Trend (@ST_PYI) June 17, 2020
1) Wide Range Candle (Strong Participants)
2) Inside Day (Volatility Contraction)
3) Outside Day (Strong Demand & Supply)
4) Inside Day (Further Volatility Contraction)
5) Wait For Breakout
Keep this on radar. Day & Swing Trade. pic.twitter.com/lIkUmsJAOo
If You Use Technicals To Create Long Term Portfolio,
— Trade With Trend (@ST_PYI) January 16, 2021
Don't hold a Stock in Portfolio that is below 200 DMA.
This simple rule will help you avoid some disastrous Stocks.
Using 200 DMA is not fashionable, but it works very well.
Give this a Try. You will find it Useful.
If you are a Trader,
— Trade With Trend (@ST_PYI) June 16, 2020
1) Focus on developing a Growth mindset.
2) Embrace Losses. (Most Important)
3) Read 3-4 Books every Month. (Take notes)
4) Focus on One Method. (Research & Go Deep)
5) Implement the Method. (Record all Trades)
Remember, getting Better never Ends.
How To read Price Action At VWAP,
— Trade With Trend (@ST_PYI) May 7, 2020
1) 3 Long Tail Candles near VWAP
2) Breakout with Volume expansion
3) Re-Test of VWAP, then Price & Vol expansion
4) Series Of Wide range candles post VWAP test
5) Price action at VWAP offers Low risk opportunities
Prefer large cap stocks. pic.twitter.com/dj66q7Icj0
I Made Several Mistakes Before I Understood,
— Trade With Trend (@ST_PYI) June 3, 2020
1) Importance Of Trend
2) Importance Of Higher Time Frames
3) Why Equities Is Best For Retail Traders
4) Why Trading Plan Is Essential
5) And Why Being An Optimist Is Important
Focus On Each. You Will End Up Saving Lot Of Money.
If you are new to Trading,
— Trade With Trend (@ST_PYI) June 23, 2020
For next 1 Year, focus on Pullback setups.
These offer better Risk/Reward, And
Will help you learn Trend & Counter Trend.
Then, start with Breakout setups.
By this time, you would know Risk/Reward & Trend.
This is when you will Begin to Grow.
How To Get Better At Stock Selection,
— Trade With Trend (@ST_PYI) May 9, 2020
1) Identify Inside Week on Weekly Time frame (TF)
2) Identify Inside Day on Daily TF
3) Select Stocks that qualify on both TF
4) Mark Support & Resistance for each
5) Track Price action at S&R to Identify Trades
Practice & Take notes. pic.twitter.com/cEo7L4uS8E
Entire system is designed to make you trade more. Don't fall for the trap.
— Trade With Trend (@ST_PYI) June 27, 2020
You don't need fancy software's, numerous subscriptions and tips from anyone to Succeed.
Even today, you can make it big by using Free tools and your own dedicated research.
Give this a try.
How to Identify Supply on Chart,
— Trade With Trend (@ST_PYI) May 8, 2020
1) Series of Long Wicks (Strong Supply).
2) No Sign Of Demand. (Again, long wicks)
3) Breakdown from Day's low (Volume expansion).
4) Wide Range Candles after breakdown.
5) Prefer higher time frame charts always (30 min).
Follow the Trend. pic.twitter.com/DnX5gDd34L
@moneycontrolcom did a detailed story on my trading journey.
— Sourabh Sisodiya, CFA (@sourabhsiso19) May 26, 2020
But many couldn\u2019t read it as it needed a pro-subscription.
So here\u2019s a blog on the same :https://t.co/dwN2xieUKd#trading #journey #quant #options #algotrading #markets #OptionsTrading
Getting many DM\u2019s on how I can learn and trade like you.
— Sourabh Sisodiya, CFA (@sourabhsiso19) January 10, 2020
To be a succesful trader one needs an edge
My edge:
1)focus on selected instruments (Banknifty majorly and few stocks)
2) backtested my strategies historically (for past 10years)
(1)
Do I trade only BNF ?
— Sourabh Sisodiya, CFA (@sourabhsiso19) March 4, 2020
Other than BNF intraday , I run few other systems too.
1) Intraday Momentum
2) Positional systems
3) Vol Crush Trade etc
Goal of system trading is to run few non-correlated strategies together so that system drawdown is at the minimum.#trading #systems pic.twitter.com/mS8jFEaLUW
Options Thread
— Sourabh Sisodiya, CFA (@sourabhsiso19) December 7, 2019
How options allows to change and adjust view dynamically.
Let\u2019s understand with a live example.
Example : Nifty is at 11921 and you are bullish on Nifty.
1) Buy Naked 11900 CE(call) at 167
Breakeven : 12068
Max Loss : Rs 12555
Max Profit : Unlimited pic.twitter.com/TXMhh5HWsd
A thread about STBT options selling,
— Jig's Patel (@jigspatel1988) July 17, 2021
The purpose is simple to capture overnight theta decay,
Generally, ppl sell ATM straddle with hedge or sell naked options,
But I am using Today\u2019s price action for selling options in STBT,
(1/n)
Thread on
— Jig's Patel (@jigspatel1988) July 4, 2021
"Intraday Banknifty Strangle based on OI data"
(System already shared, today just share few examples)
(1/n)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
5: When to play directional:
— Nikita Poojary (@niki_poojary) December 18, 2022
Whenever the index is moving in a single direction, its important to go with the trend.
A few weeks ago when BNF broke out of the cup and handle pattern, all we had to do was sell PEs.
Pls note: weekly TF chart is attached to just show the C&H BO pic.twitter.com/z0wgUzJW8t
#VOLTAS Another cup & handle pattern for cash positional pic.twitter.com/Jsc99xJfwY
— Nikita Poojary (@niki_poojary) October 23, 2019
