Categories Stockslearnings
Thread's on:
• How to find targets and exit criteria?
• Shanon's Demon (Investing)
• Tradingview scanner- Intraday/BTST
• 90-degree angle inflection point for profit-booking
• Importance of Leverage
Other cool tweets as well.
🧵Shannon's Demon - an investing "thought exercise"
This account writes the best threads, if you like the threads I make, you will surely love this account. Must
1/
— 10-K Diver (@10kdiver) October 23, 2021
Get a cup of coffee.
In this thread, I'll walk you through Shannon's Demon.
This is an investing "thought exercise" -- posed by the great scientist Claude Shannon.
Solving this exercise can teach us a lot about favorable vs unfavorable long-term bets, position sizing, etc.
🧵Finding expected targets and exit criteria to look for to exit the
How to find out the expected targets and what should be the exit criteria when you enter a trade - \U0001f9f5
— Sheetal Rijhwani (@RijhwaniSheetal) October 25, 2021
Possible ways to find out the target:
Check if any patterns forming - it gets quite easy to figure out the targets that way. (1/15)
🧵Trading View Scanner process to trade in momentum stocks.
Trading view scanner process -
— Vikrant (@Trading0secrets) October 23, 2021
1 - open trading view in your browser and select stock scanner in left corner down side .
2 - touch the percentage% gain change ( and u can see higest gainer of today) https://t.co/GGWSZXYMth
🧵90-degree angle inflection point for
The 90 degree angle inflection point in a stock is a signal to book profit
— Nikita Poojary (@niki_poojary) October 24, 2021
Lets understand with a recent example of a stock #IRCTC \U0001f683\U0001f68b
Time for a thread\U0001f9f5
10% more gains to 127.75 !! 🍻🔥🚀
Expecting it to consolidate now in coming days before a final move to 145-150 levels. #Copper RSI is overheated and needs to cool down.
Negative divergence building up on hourly charts. https://t.co/sBU4O6QZsq
#HindCopper
— Anchit Goel (@anchitsays) February 23, 2021
20% Upper Circuit at 118.05 now!! \U0001f389\U0001fa85\U0001f525\U0001f680\U0001f973\U0001f37b\U0001f60d
Conviction and patience has given excellent results. https://t.co/T5y2CBY9Lt pic.twitter.com/xvDeR91PkL
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
U can guage the strength in the trend once u know how to measure the direction.
This trend strength is infact signals the trend continuity or the potetnial for sustanining the trend.
Thats great assurace to hav https://t.co/HanLvlXkjQ
Before making ur trade entry or even before making a bias of trend as either bullish or bearish, do u use any objective measures to define the trend based on price, volume and momentum?
— Aneesh Philomina Antony (@ProdigalTrader) May 15, 2021
Price will always go back and forth move no matter how strong the trend is.
1/4 pic.twitter.com/qqizh2JO3J