BC SCREENERS
Saved by @SAnngeri

7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

 @AdityaTodmal Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.
@AdityaTodmal Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used
@AdityaTodmal Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.
@AdityaTodmal Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk
@AdityaTodmal 1. No. of wins:

If you have taken 50 trades in total of which let say 20 were in your favour then the no. of wins is 20 trades on 50.
@AdityaTodmal 2. No. of losses:

Considering the above example the no. of losses = 50-20 =30 trades.
@AdityaTodmal 3. % of winning trades:

Simply divide the no. of winning trades divided by total trades.
i.e. 20/50 = 40%.

This is also known as the batting average (Reference drawn from @markminervini books).
@AdityaTodmal @markminervini 4. Avg gain %:

If your capital is 10lacs, you make 20k out of it from one trade the % gain is 20k/10lacs i.e. 2% gain

Now take average of all the % gains out of your 50 trades
@AdityaTodmal @markminervini 5. Avg Loss %:

If your capital is 10lacs, you lost 10k out of it from one trade the % loss is 10k/10lacs i.e. 1% loss

Now take average of all the % losses out of your 50 trades
@AdityaTodmal @markminervini 6. Gain to Loss ratio:

Simply divide Avg gain % to Avg loss %

Lets say you average gain works out to 15% and average loss works out to 5% then the Gain to Loss ratio is : 15/5 = 3:1

But it doesn't take into consideration the batting average
@AdityaTodmal @markminervini 7. Reward to Risk ratio:

Lets say you have a 40% winning ratio, and you avg gain % is 15% and avg loss % is 5%

Then the Reward/ Risk ratio = 40*15/ 60*5 =2:1

Reference: Think and Trade Like a Champion book by @markminervini (A must read)
@AdityaTodmal @markminervini Now using the above logic, first find your winning ratio and then determine what should be the ideal gain/loss ratio which will help you to have a better Reward to Risk ratio.
@AdityaTodmal @markminervini 8. Open Risk:

Check all the open positions with reference to SL.

However there's an overnight risk in case the stock/index opens with a gap.

Reduce your positions or use hedge mechanisms such that your open risk is at your comfortable levels i.e. usually between 2-5%.
@AdityaTodmal @markminervini And that's it!

The next time you record your trades on the trading journal try to analyse on the above 8 points.

Be creative and you can compute the winning %, gain to loss ratio and Reward to risk ratio for specific systems as well.
@AdityaTodmal @markminervini Ultimately you can use these analytics to see where you failed and why you failed and try to rectify or eliminate those issues.

Bet more on the system that works for you.
@AdityaTodmal @markminervini If you enjoyed this thread here's another one which might be helpful:

https://t.co/cHJAv8xvXY
@AdityaTodmal @markminervini Hope you discovered something new (because that's the point!)

If you did, share it with a friend

Also show some encouragement for this thread, if its valuable to you

Hop back up to retweet the first tweet

See past threads here:

@AdityaTodmal

&

@niki_poojary

More from Nikita Poojary

Nikita Poojary
Nikita Poojary
@niki_poojary
Do you want to know how to create a Trading Plan using only Price Action?

Here's a breakdown of 11 simple yet powerful steps to create one: 🧵

Collaborated with @AdityaTodmal

1/ Know your type:

First and foremost, understand whether you are a Scalper or Intraday trader or Swing trader or Positional Trader.

Create an account in @tradingview

2/ Set the Time Frame (TF) of the Charts:

• Scalper: the TF you would use would be in the range of 1- 5min
• Intraday Trader: 5-15min TF
• Swing Trader: Hourly to Daily
• Positional Trader: Weekly


3/ Be aware of the trend at higher TF.

No matter which type of trader you are, its important to know the trend at higher TF.

Crucial to know whether its a buy on dip market or sell on rise market.

In my outlook for the week for #BANKNIFTY & #NIFTY I cover multi TF analysis.

4/ Identify the major Demand & Supply Zone:

• A supply zone is the price area where traders have the highest selling interest or potential.

• A demand zone is the price area where the traders have the highest buying interest or potential.
ALL
Nikita Poojary
Nikita Poojary
@niki_poojary
Mr. Vijay Kedia built a net worth of over Rs. 800 crores.

But you probably never read past that headline.

So I binged hours of interviews to learn his investing principles and strategies.

Here are 20 lessons on investing from @VijayKedia1 Sir:

Collaborated with @AdityaTodmal


Before I start, a quick disclaimer, please don't ape his portfolio.

As the entry price, horizon and risk appetite would be far different than yours.

Rather lets draw inspiration and try to learn his stock picking skills.

Now let's DIVE IN👇

1/ Started off as a trader:

- Soon, beginner’s luck started to fade out and loses started to mount, to an extent where his mother was about to sell her ornaments.

- Although he was able to dodge the situation.

- This incident taught him the biggest lesson to have a stop-loss.

2/ Punjab Tractors:

- In 1990, he made his first investment by putting in his 10-years savings of Rs 35,000 in this stock, based on a news trigger that tractor industry will witness a turnaround.

- It worked and fetched him 4-5 times which he calls it as a fluke.


3/ He believes that an investor must possess three qualities:

i. Knowledge,
ii. Courage, and
iii. Patience.
GENERICLEARNINGS , ALL
Advertisement
Nikita Poojary
Nikita Poojary
@niki_poojary
Subasish Pani revealed the most simple, yet successful strategy: 5EMA set up!

Here is a thread of 23 video clips on the 5EMA set-up that will save you hundreds of hours and available to you for no cost!

5EMA set-up: 🧵!

Collaborated with @AdityaTodmal

1/Don't hate on any style:

• Admire the fact that money can be made from intraday, scalping, positional, option buying, selling, futures, etc

• Try to understand which one fits you the most and apply that, then ignore the rest!


2/ System with a R/R of minimum 1:3:

• Here is a system that works for investing, scaping, positional, options buying and selling, futures etc.

• The R/R of this set up in intraday is 1:3 & for investing can go beyond.


3/ Why EMA over SMA? :

• Exponential moving average is used, as it places a greater weight and significance on the most recent data points.


4/ 5EMA moves very close to the prices:

• Mean reversion theory: Asset prices usually tend to go back to normal or average levels after an extreme price move.

• Prices routinely oscillate around the mean but tend to return to that same average price over and over.
ALL , TRADING STRATEGIES , A SCANNER
Nikita Poojary
Nikita Poojary
@niki_poojary
1/Closing price different from the last trading price (LTP)

•There is so much noise regarding PE premiums going up or CE premiums losing their value tomorrow morning at the opening ( in case flat).

•Remember that the LTP usually differs from the closing price.

2/ This is because the closing price is the weighted average price of the last 30 mins of trading.

•The difference today is noticeably more as the market made a sharp upmove post 15:00 hours i.e. the last 30 mins.
CATAGORY TRADING
Nikita Poojary
Nikita Poojary
@niki_poojary
In the month of September 2022, we have shared 11 threads, which includes:

• Inside Bar set up
• Free option selling course for beginners with small capital
• List of best books on technical analysis and chart reading
• How to reduce your tax liability

and much more 🧵

1/ Powerful Concepts that every trader should


2/ List of Books based on Technical Analysis that will help you


3/ Free options trading courses from 10 different


4/ Points to know for beginners in
ALL

More from Screeners

Screening Stocks Enjoy 'My StressBusters'
Screening Stocks Enjoy...
@Coolfundoo
My SCREENING TECHNIQUE Based #hypothetical #Portfolio
6th Upd - 26Sep2021

📍Purely based on my Financial Data Screening !

NO TIPS!
NO MEDIA!

📌#Screener Names in👇🧵summarizes Fundamental, Momentum, Valuation traits hence saves tons of analysis time.

@Vivek_Investor

1


Stocks & Screening Technique Methodologies !

@Coolfundoo 🌟25 , 22, 20, 19

2


Stocks & Screening Technique Methodologies !

@Coolfundoo 🌟18, 17, 16

3


Stocks & Screening Technique Methodologies !

@Coolfundoo 🌟15, 14

4


Stocks & Screening Technique Methodologies !

@Coolfundoo 🌟 14 (continued), 13, 12

5
SCREENERS , EQUITY
Learner Vivek Bajaj
Learner Vivek Bajaj
@vivbajaj
This is the reason I just follow my RS for #peacefultrading

#indianhotel
#PowerofRS
SCREENERS
Advertisement
Sahil Sharma
Sahil Sharma
@sahil_vi
Such opportunities only come once in a few years.

Step-by-step: how to use (the free) @screener_in to generate investment ideas.

Do retweet if you find it useful to benefit max investors. 🙏🙏

Ready or not, 🧵🧵⤵️


I will use the free screener version so that everyone can follow along.

Outline
1. Stepwise Guide
2. Practical Example: CoffeeCan Companies
3. Practical Example: Smallcap Consistent compounders
4. Practical Example: Smallcap turnaround
5. Key Takeaway

1. Stepwise Guide
Step1

Go to https://t.co/jtOL2Bpoys


Step2

Go to "SCREENS" tab


Step3

Go to "CREATE NEW SCREEN"

At this point you need to register. No charges. I did that with my brother's email id. This is what you see after that.
SCREENERS , SCREENER , SCRRENER TOOL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Most members of the trading community are not proficient Twitter users.

Here are 8 effective methods to use Twitter:🧵

Collaborated with @niki_poojary


1. Use lists

The most powerful technique to completely transform your Twitter experience is using Lists since:

1) it eliminates irrelevant tweets and
2) concentrates more on what you are actually looking for.

Let me demonstrate.


Segregate people you follow into different lists.

I have a list of "Regular Trade Updates," for instance.

In order for me to study them later, this concentrates on handles that share trades.

Some traders I have on this list include-
@niki_poojary
@RijhwaniSheetal
@YMehta_


2. Mute trolls

• Some handles genuinely spew hate over their timelines.

• Completely pointless in terms of improving you.

• Muting these handles and a few more that don't provide value is the wisest course of action.

• I block and mute people without mercy.


Can also mute "specific words".

To improve his Twitter experience, @Atulsingh_asan Sir muted these words, as you can see.
SCREENERS
Sandeep Kulkarni
Sandeep Kulkarni
@moneyworks4u_fa
Of all the 'macro indicators' out there, if i had to choose one to assess risk-reward for equity markets, it would the this 👇
SCREENERS

You May Also Like

Paras Chopra
Paras Chopra
@paraschopra
1/ Here are my notes from @robertwrighter's book - Nonzero: the logic of human destiny. I enjoyed the book very much.

The basic premise of the book is that history has a direction which favors co-operation and non-zero sum games, and that causes an increase in complexity.


2/ Starting from the first replicating molecule which co-operated with an outer layer to form first proto-cell, evolutionary and cultural history is full of examples where two entities come together to survive and progress a lot more than they would have done individually.

3/ This co-operative entity fares much better than two individual entities because of specialization. If two entities are in the same boat - that they win together or lose together - then trust is implicit.

4/ In a non-zero sum game, trust causes entities to focus on what they do best.

For example, eukaryotic cells - the ones animals and plants have - emerged when two proto-cells merged, and one took the role of energy generator (mitochondria), the other specialized in protection.

5/ Some scientists believe that even nucleus in a cell is a result of an early cell merging with another cell.

So M&A is not a recent phenomena, entities have been merging because of common interests ever since life started.
CULTURE
Sahil
Sahil
@sahilypatel
A list of cool websites you might now know about

A thread 🧵

1) Learn Anything - Search tools for knowledge discovery that helps you understand any topic through the most efficient

2) Grad Speeches - Discover the best commencement speeches.

This website is made by me

3) What does the Internet Think - Find out what the internet thinks about anything

4) https://t.co/vuhT6jVItx - Send notes that will self-destruct after being read.
ALL , LINKS , EDUCATION
Advertisement
Ferruccio Balestreri \U0001f308
Ferruccio Balestreri 🌈...
@0xferruccio
🕵️‍♂️ How Google's PageRank algorithm works

The PageRank algorithm gives each page a rating of its
importance, which is a recursively defined measure of importance, based on if important pages link to it.
It's recursive because the importance of a page refers back to the importance of other pages that link to it

Here's how it works in practice:
1⃣ We start with some pages and crawl them for links


2⃣ Each page has 1/N points (where N as the total number of pages)


3⃣ Add points to each page for the amount of links to it, divided by the number
of links emanating from the sources of these links
TECH
TWABMPTLPAFA
TWABMPTLPAFA
@SeekerIIIII
Act of 1871
This is Long but it will end with a BOOM

With no constitutional authority to do so, Congress created a separate form of government for the District of Columbia, a ten-mile square parcel of land (see, Acts of the Forty-first Congress,”

Section 34, Session III, chapters 61 and 62).
The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers

and neck of America.
Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their

foot in the door of the United States.
The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin.

With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.
HISTORY
Alex Stamos
Alex Stamos
@alexstamos
The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.


In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.

In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.

This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.

In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
TECH