I use trading view for intraday charts.
As I trade intraday, I use the 5 min time frame.
My chart is simple with 20 sma plotted on it along with CPR(central pivot range)
Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa
Thread : Trading Applications that I use on a daily basis🧵
1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.
So I am listing softwares/apps which I find the most useful for trading & investing
I use trading view for intraday charts.
As I trade intraday, I use the 5 min time frame.
My chart is simple with 20 sma plotted on it along with CPR(central pivot range)
Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa
As I majorly trade option premiums(short volatility or theta decay strategies)
I keep a track of combined premium of strangle using @iChartsIndia
Combined premium should be trending down & below VWAP to create a strangle
As I need to provide analysis on TV channel.
I need to analyse overall market breadth, futures data & option chain activitiy.
@quantsapp provides
Futures Data : Long Builtup/Short Builtup
Options Data : Max Call OI/ Put OI
Market Breadth : For overall sentiment
I used @SpiderSoftIn to scan momentum stocks for intraday.
Spider helps in identfiying :
stocks hitting 52 week high/ low
Stocks making day high/low
Stocks with large buying single orders
Helps in quick real time news.
Bloomberg is useful only if you trade mutliple markets & need access to various data quickly.
Bloomberg is an expensive software costing around 25 L per year.
One can skip bloomberg as cost is too high
I use Greeksoft for multi leg order execution. It allows you to punch 1000+ lots of strangles/ straddles as a single order.
One can put SL on combined premium, do order slicing & many more such things.
Needed only if you trade big qty multi leg option trades
Use an inhouse ranking system based on simple concepts of momentum,trend & derivatives data across time frames.
It is available only to IIFL members under our franchise(for free). To know more can check below :
https://t.co/wqzN2OtJYL
Opstra is useful in
-Creating option payoff
- Has historical result calendar with time
-Volatility Skew Analysis
a) @screener_in
Screener is useful in scanning stocks based on Fundamental parameters & also provides a quick overview of the company.
You can quickly find good companies based on fundamental parameters
@mystockedge is useful in
scanning bulk/ block deals
Checking top investor portfolios
Check company filings
IPO notes
Concall analysis
@drvijaymalik has built a great framework to analyse company in depth based on various fundamental parameters.
I personally use it to scan fundamental stocks.
More from Sourabh Sisodiya, CFA
Thread 🧵:
A Day in the Life of a Trader (A day in my Life)
1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.
#trading #life
2)7:30 AM : Alarm Rings
A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.
3) 8:00 AM : Leave for office
On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions
P.S: We are moving to a new bigger office & will share pics of that soon
4) 9 AM - Connect with Trade Room members
I connect with trade room members on zoom & share my plan for the day, stocks to keep in radar & how to play the index & which option strategies to execute
For more details about Online Trade Room you can check
https://t.co/WrQPxhABsE
5) 9:07 - Pre Opening session
I keenly observe the pre-opening to get a general sense of where the market is it likely to open. At 9:07 AM, the pre-opening prices are out. I make a note of stocks opening with a big gap up or gap down and keep them on my watchlist.
A Day in the Life of a Trader (A day in my Life)
1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.
#trading #life
2)7:30 AM : Alarm Rings
A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.
3) 8:00 AM : Leave for office
On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions
P.S: We are moving to a new bigger office & will share pics of that soon
4) 9 AM - Connect with Trade Room members
I connect with trade room members on zoom & share my plan for the day, stocks to keep in radar & how to play the index & which option strategies to execute
For more details about Online Trade Room you can check
https://t.co/WrQPxhABsE
5) 9:07 - Pre Opening session
I keenly observe the pre-opening to get a general sense of where the market is it likely to open. At 9:07 AM, the pre-opening prices are out. I make a note of stocks opening with a big gap up or gap down and keep them on my watchlist.
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First thread of the year because I have time during MCO. As requested, a thread on the gods and spirits of Malay folk religion. Some are indigenous, some are of Indian origin, some have Islamic
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
i wonder if you can make a thread bout witchcraft in malaysia.. or list of our own local gods/deites..
— r a y a \U0001f319 (@lcvelylilith) February 20, 2020
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Animist ceremonies of a religious or magical nature were normally held for the purpose of divination or making a request. This would either be done at a keramat or at a shrine similar to the Thai spirit houses or Chinese roadside shrines pic.twitter.com/I1hliyi0x3
— \u2745\u1710\u170b\u1713\u170e (@uglyluhan) June 16, 2019
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
