1/n

Dear @chartmojo
Out of curiosity, just gone through your timeline and prepared a data of your shared tweets in OCT'2020;

You will not believe the following numbers:
Charts shared = 29 (2 excluded due to splits)
Period = 8-oct to 30-oct'20
..

What Are Cyclical Stocks?

1/n I have not seen a single 2 - 3 day position trading system which is as simple as this. Experts will say RSi not applicable in 15 min time frame, I say first understand the the calculation of RSI :-). no need of scanner.
just discipline and risk mgmnt
#RSI #divergence

2/n: System as explained before:
4 step process
1. Identify stock from EOD chart
2. Look for RSI Divergence in 15 minutes
3. Wait for Consolidation and range break.
Trade in the direction of break.
4. Trail for at least 1:3 RR or SL.

3/n: Had posted last week about weak EOD chart of MnM. See what happened this week despite the fact that the overall market was bullish.
It is a zero loss trade now.
Invest in yourself. No guru can make you a successful trader. #hardwork #discipline

4/n: there are many more examples of this if you see my timeline. it works across markets even in bitcoin lol!
Keep it simple. Trick is always in the risk reward and position sizing.
Must only take trades which have minimum 1:3 RR.
Do not use excessive #leverage.

5/5: Charlie Munger: “If you’re smart you don’t need leverage; if you’re dumb, it will ruin you.”
Cant put it better as I have been on both sides :-)

Tamasoma Jyotirgamayah!
#weekend #learn #trade #success

Using knowledge derived from your videos @nishkumar1977 @vivbajaj I am Tracking sectoral performances real-time using Tradingview's Compare Feature.

Very Intuitive, Handy & Works with a Free Account!

Process :

1. Add your benchmark Index. Say, Nifty 50.

2. Add Indices you want to track Via Compare feature in @tradingview Click Same % Scale

3. I have added a handful of them. Because I want to see a sector turning and catch outperformance immediately.

4. Set a Benchmark Date from where you want the performance to be calculated. Since we have selected same % scale, as our chart moves the % on right will change. It considers the date on left as the starting point. Mark it & Scroll such that that vertical line is just about seen.

Save this as your Indicator Template & come back to it whenever you want to track indices from one page in real time & any time frame!

How to use Moving averages like a Pro.👇

https://t.co/7VbuGovmee

I personally don't buy any breakout! It must fulfill some criteria:

– Volatility contraction closely to the breakout line
– Volume dry up
– Sound chart pattern
– Story stock or great fundamentals

Pay attention to the details!
Don't blindly buy every outbreak.