Chasing extended #stocks is often not rewarded! What's extended?
1) >70% above EMA 200
2) Up 3 days in a row
3) >3 pullbacks on the EMA 21
4) >5% above trading base without pullback
5) >10% in one day It's better to wait for a consolidation before you enter.
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1 - Accuracy
There is no such thing as 90% Accuracy without compromising on other factors (like profit factor, etc)
Fact - A good trading system will have only 35-60% accuracy without compromising other factors.
(1/n)
2 - Profit Factor (PF)
It is similar to risk-reward. It is derived using the below formula:
Profit Factor = Total Profit by winning trades / Total loss by losing trades
Fact - A trading system above 1.2 PF is good if it scores well with other factors.
(2/n)
3 - Maximum Drawdown
The maximum drawdown also plays a vital role psychologically while picking a trading system.
Fact - Maximum Drawdown in any trading system should not exceed 20%. I suggest picking only the techniques which have less than 10% maximum drawdown.
(3/n)
4 - Maximum Consecutive Losers
We all feel bad even if we lose only Rs.1,000 in a trade. Because it is not only about the money, it is emotionally difficult to accept the failure.
Fact - A good trading system will have less than 15 consecutive losing trades.
(4/n)
TRADE LIKE CRAZY
10 Profitable Intraday Trading Systems, which are backtested against 10-years of Banknifty Historical Data!
(n/n)
https://t.co/BuUie17Ish
• Lessons learned from Trading Mistakes
• Moneycontrol article on a pro option seller
• Rakesh Jhunjhunwala investing strategy.
• What do you really need?
• Stocks to invest for long term
A thread 🧵
Best Trading books to read - check the comments section for some great
What's the best trading book you've ever read?
— Steve Burns (@SJosephBurns) September 30, 2021
Lessons learned from some trading
Trading Mistakes & Lessons Learnt \U0001f9f5
— Sourabh Sisodiya, CFA (@sourabhsiso19) September 30, 2021
1) I always keep my mistakes & lessons learnt in front of my screen while trading.
Bcz we as traders tend to commit the same mistakes everytime.
So seeing your learnt lessons everyday ensures that you avoid them.
#trading #mistakes pic.twitter.com/4MYFlCS9Hi
In spite of being rejected in many things, we can still be
I had been rejected many times in my life few are:
— ASAN (@Atulsingh_asan) September 30, 2021
-I was Rejected in a BPO job interview 2006
-I was Rejected in Indian Idol 2011
But Market accepted me as a student since 2013 and journey on
Don\u2019t lose hope when you rejected by someone, keep trying you will succeed.#ASAN
Moneycontrol article on @Pathik_Trader to learn how to trade breakouts with good risk management & position
Small article on my trading journey covered by Shishir in moneycontrol. Thanks a lot shishir.\U0001f942\U0001f942
— Pathik (@Pathik_Trader) September 27, 2021
It's kind of dream come true moment. \U0001f60d\U0001f942
Thank you everyone for inspiration & support. Special thanks to @sanstocktrader@Stockengg @VRtrendfollower\U0001f942\U0001f942https://t.co/0fk2gpd1qv
Make time period Weekly
Then click on the encircled + sign in top panel to add different index to compare, u can add any index
Will describe this in our Friday post market session, watch in SE YouTube channel
Sir can u please make a video on how to get this plotted in trading view .Please sir .a small guidance will be highly appreciated .I know there are many like me who don't know to plot it but are shy to admit .it would benefit them too .thank u sir
— rajesh shetty (@shettyrajeshs) May 4, 2021