Long setup:

Trading a reversal using 3 bar Price Action

1. Bar 1 closes lower (Red)
2. Bar 2 closes below Bar 1 (Red)
3. Bar 3 closes above the high of both Bar 1 & Bar 2 (Green)
4. Buy at the close of bar 3
5. SL is low of Bar 3 & Trail SL
6. Decide position size as per risk

(1/n)

Finally, I quit a high paying 15 year job to become a full-time trader.
I always dreamt of not working under anyone but yet to make good income and it happened with trading.
Now I am independent, own boss and have plenty of time to do whatever I wish to do.

(2/n)

But, Don't take any hasty decisions, I was planning for this since last 3-4 years.

My story.

I was always obsessive of stock market since 2005 as I like gambling, poker, rummy etc :)
I joined my first company in 2007 and then I got an opportunity to visit overseas.

(3/n)

I got 1 lakh money for the business trip, I put entire money in Reliance Power and as usual lost everything.
Then tried some more stocks and eventually lost and out of market.

Then had a long break until 2015 as my career was going great and was in Korea for 2 years.

(4/n)

There I met a colleague in Korea and he inspired me to enter stock market again. He used to put almost all his salary in stock market and 90% of it in a single stock.
Re-entered market with some stocks and slowly learnt F&O.
I put 10 lakhs in F&O and as a beginners luck,

(5/n)

it went upto 22 lakhs with option buying and futures.
And in next 20 days, it has fallen back to 2 lakhs. That time there was only monthly options and I still remember a trade where I bought with entire capital banknifty PE option for Rs. 350

yashstocks
@yashstocks

1/5
In equity funds, parag parikh flexi cap fund and mirae asset emerging bluechip funds are best. They have given superb returns in last 5 years.
Parag parikh flexi cap fund is diversified as it will invest in US stocks like Google, Facebook, Microsoft, Amazon along with Indian. https://t.co/RmoDMgXoRM

If I'm a layman in mutual fund territory N I wana invest Lumpsum of 1-2L N followed by SIP of 20k per month

1)Wat r the things I should look while scrutinising a MF

2)If I wana pledge it to broker so which kind of MF I should select @yashstocks @vishalmehta29 @yogeshnanda1
— PythonTrader (Not a Python Coder) (@pythontrader999) August 6, 2021

2/5

But one issue with this is if you exit before 2 years, there is an exit load of 2% in 1st year and 1% in 2nd year.

Mirae asset emerging bluechip funds stopped taking lump sum amounts and only can do SIP of Rs. 2500 currently.

3/5

But there is catch, you can do multiple SIPs in it, you can SIP on every day and still invest 75k in a month. I am doing this way only.

Coming to debt funds, ICICI prudential all seasons bond fund and hdfc corporate bond fund are good if consider 5 years performance.

4/5

In zerodha, all above 4 MFs can be pledged and haircut also very less just 7.5%. But you can use only 50% for positional margin, other 50% should come in cash or equivalent funds like gilt, liquid etc. For intraday, 100% can be used.

5/5

Nippon india gilt fund is also good, considering it will be cash component and only 10% haircut.

For tax saving, you need to invest in ELSS funds.
I invested in Quant Tax Plan and it gave 80% returns in just 273 days.