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
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Catch me if you can @Mitesh_Engr

Time for a🧵
Mitesh Sir's EXPIRY Option Selling 101:
• What to look for?
• Strike Selection & Ratios
• SL mgmt
• Avoiding freezes
• Monthy Expiry
• Event days
• How he would have traded last expiry?

In collaboration with @AdityaTodmal


Edward de Bono says intelligence is like a🚗 Automobile

“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”


What @Mitesh_Engr Sir looks at for Expiry Trading:

• Technicals of BNF
• Individual Heavyweight stocks of BNF
• Support/Resistance of BNF on weekly TF
• Also has Superb SL management
• When it comes to adjustments, he is always on toes


How to Select Strikes to Sell?

• You can't sell based on premium
• Follow only trend
• Price action is best to sell on expiry day
• Never wait for the options to go to zero


Using Ratios to Sell:

• If BNF is in a range then strangles
• If breakout/ breakdown from a range then directional
• Selling 70/30 or 80/20 ratios
• 2 examples on how he used ratios
ALL , MITESH PATEL OPTIONS STRAT , MITESH PATEL EXPIRY GUIDE
Nikita Poojary
Nikita Poojary
@niki_poojary
How to save taxes on the trading profits for an individual

4 Legit ways to retain most of the trading income: 🧵

Collaborated with @AdityaTodmal

1. Divide your capital amongst your family members:

• Ensure they are not salaried employees as they might not be allowed to trade as per their employer's policy.

• Your family is your strength, not just emotionally, but financially too.

• E.g. your net taxable income works out to Rs. 50 lacs, as per the new tax regime, you are in the 30% tax bracket.

However, if you divide the capital amongst your family members in such a way that the net taxable income works out to Rs. 12.5 lacs per member (assuming 4).

This way the tax bracket gets shifted from 30% to 20%, clear saving of 10%

2. Expenses a trader can claim:

All the expenses directly related to the trading business can be claimed.

i) Rent Expense: If one has an office on rented premises, rent paid is a valid expense. However, you should have the rent receipts & rent agreement as valid proof.
ALL , TAX SAVING
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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
90 million active demat accounts in India.

Less than 1% understand Fibonacci retracement.

This mega thread will help you understand better—starting today:

Collaborated with @AdityaTodmal

1/What is Fibonnaci (Fibo) retracement?:

•Fibo retracement levels help us to identify potential reversal area or identifying potential entry point after a pullback.

•It represents various levels of significance within a swing high and low.

2/How to plot the Fibo?

•Spot the recent swing high & swing low (usually a peak & a low) on a chart.

•Plot the Fibo on these points.

•You'll get 5 key levels of support & resistance (S/R) in between the peak & low.

•Key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, & 100%.

3/ Importance of retracement levels:

• The retracement level forecast can determine the level at which retracement is likely to occur.

• These retracement levels offer traders a favourable entry to open new trades in the direction of the trend.

4/ When to apply Fibo:

•Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.

•Applying it in range bound markets would turn out to be a futile exercise.
FIBONACCI , ALL
Nikita Poojary
Nikita Poojary
@niki_poojary
Thread: Free Options Trading Course for Beginners with small capital.

Reference: Option trading marathon series, part 1 from Mr. Subasish Pani ft. @PushkarRThakur

Collaborated with @AdityaTodmal

1/ Trading journey of Mr. Pani

• He has an experience of 7 years.

• He has made a profit of Rs. 20 cr. over these years with a capital of Rs. 2 cr.

• However, it's not easy to make such profits.

• More difficult, is to retain those profits and build more on it.

2/ How he ventured to options selling

• He started with futures and option buying however after a certain point when his capital grew, he faced scalability issues and hence he resorted to options selling.

3/ Investing becomes imp once the capital grows:

• Since his trading profits have grown well, he has started investing (investing is always for LT).

• For folks who dnt have much info regarding investing can simply buy Nifty 50 stocks & keep rebalancing as Nifty 50 does.

4/ Covered calls strategy for the portfolio:

• Pledge the portfolio and receive margin ~80% which he would then use to sell OTM CEs of the stocks which are in his portfolio.

• This helps in generating fixed income from the portfolio.
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This scan will give you linear/smooth/non-choppy trends which are great for pullback trades for working people.
#BroTip
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Swing Trading Strategy
That can help you generate Monthly Income !
A thread 🧵
Using RS , MACD , 21 EMA and Price Action
All Concepts with charts Explained !

RETWEET AND SHARE !

UNDERSTANDING MACD
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of stock.
It is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
2/n


The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.
3/n


Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line.
4/n


UNDERSTANDING RELATIVE STREGTH
1.Relative strength is a strategy used in momentum investing and in identifying value stocks.
2. It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
5/N
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Yashraj Rana
Yashraj Rana
@yashraj_rana
Inside Bar (IB) is an effective trading strategy where a range is formed & we trade on a Breakout/Breakdown.

What is IB?

Textbook definition of IB:
When the current bar is trading inside the previous candle's high and low (range)


Here's a live example from the Tata Steel Chart where you can see multiple IB forming on 15 minutes chart.

I've marked 2 IBs in the circle where we can find the mother candle & the inside bar candle.


So how do we trade this?

If the overall trend is bullish, then you should be looking at high on the mother candle. When the mother candle's high is broken, you can place your SL at:
1. Low of the mother candle, or
2. Low of the Inside Bar candle.

Both the eg are in charts:


And Vice Versa for the Bearish bias.

If the overall trend is bearish, then you should be looking at low on the mother candle. When the mother candle's low is broken, you can place your SL at:
1. High of the mother candle, or
2. High of the Inside Bar candle.


I prefer keeping the high or low of the inside bar candle as my SL.

Remember there are 100s of ways to trade this, ultimately your position sizing & risk management will come into play.

Position sizing can be calculated using the SL, and risk can be managed.
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The_Chartist 📈...
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H&S tops with ascending/descending necklines https://t.co/cmRRHp5rlh
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#Thread on Gorakanathar Siddhar.

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His origin story is interesting, though I couldn’t verify it’s authenticity, so not sharing the story here. He’s shishya of Machamuni Siddhar and also learnt from Agasthiya Siddhar.

@HelloNNewman @RajiIndustani @Kishoreciyer1

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