An 8 Step Checklist Before Entering Any Trade:

A thread(🧵)... (1/18)

1. If the market is in a trading range or trending: Traders must know that if this happens, there's a higher probability of right #trades. Always remember, the trend is your best friend (2/18)
#Traders must also ask if the prices are in a strong trend and if they want to continue to move along with this trend. (3/18)
At times, Traders also choose to trade within a range. The #stocks keep on bouncing between the #Support and #Resistance. Using indicators like #RSI, CCI or Stochastics help here! (4/18)
2. Are there support/resistance levels nearby: Stocks tend to respect these levels and traders must identify both the support & the resistance.
A trader should not enter a #long position, for example, when the resistance is nearby. (5/18)
3. Do the Indicators confirm the Price Action: Every #trader must have 2-3 Indicators that complement their trading strategy and confirms the price action. (6/18)
However, the Indicators must be of different groups. For example, #momentum Indicators like RSI, and #volatility Indicators like Bollinger Bands. (7/18)
4. The risk-reward ratio: This is the number of pips the traders are willing to risk to reach their target. Traders must try to have a positive risk to reward ratio for every trade (8/18)
5. Can there be a significant economic relapse: Any such relapses might impact the trade. Any #economic news like #GDP, CPI, or any such data might act as a catalyst. (9/18)
6. How much capital is being risked: One must ask how much #capital are they willing to risk on a single #trade. Being too overconfident about one single trade and investing heavy capital in it can often lead to dangerous consequences. (10/18)
StockEdge helps you check such forthcoming events: https://t.co/dyMGHwpxUC (11/18)
7. The exit strategy if things don't go as planned: There must be a #backup plan if things go South. A Stop-Loss is a must. The stop loss levels can be traced using #Fibonacci of prior candlesticks! (12/18)
8. Is the Trading Plan followed properly: Traders tend to digress from their original plan when they are greedy for more #profits. At all costs, and must tick all your boxes in their checklist. (13/18)
Read the entire blog post here: https://t.co/k6Zq9LTd6h (14/18)
To sharpen your trading skills, you can enroll in these webinars at a 20% discount using code WEB20: https://t.co/qFjCKMZC4H (15/18)
1. Learn to time the markets, whether you're a positional, swing, or an #intraday trader! Join Ashish Kyal (@kyalashish) here👉🏻 https://t.co/77iVAshXXO (16/18)
2. Explore a unique combination of Price Action and the CPR Strategy with Shalom Martin in this Hindi Webinar:👉 https://t.co/UGJERbVwiB (17/18)
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Margatha Natarajar murthi - Uthirakosamangai temple near Ramanathapuram,TN
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.


After removing the sandal paste,day long rituals & various abhishekam will be
https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year


as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.