How to find out the expected targets and what should be the exit criteria when you enter a trade - 🧵
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)
Sometimes, after hitting the first target.. stock starts consolidating or take a retest of the breakout. On some occasions, stock gives one sided move non-stop.. without any pullback. (3/15)
Also, if stock gives weekly breakout and market is trending during that time.. even then it gives a one sided move. (4/15)
Other helpful thing I learned from @Traderknight007 about exit criteria is using volume expansion and DMA/EMA. I began using it and benefitted. This is recently observed in TCS, DLF & many others. (5/15)
In large caps, it's generally an extended move when stock is away 20-25% from 50 EMA and midcap/small cap give 30-35% move and then pause a little in trend. (6/15)
How do find the best exits using Volume climax \U0001f447https://t.co/MMJfdvSGeW— Trader knight (@Traderknight007) July 24, 2021
Trend followers prefer to trail their profits but you can do it as per your comfort. Just make sure you have an exit plan.
Trailing has many methods. Being a price action trader, I use swing lows and candlestick for trailing. (10/15)
There are many other ways too.
@Traderknight007 has written this one more amazing thread you can go through and put this information to use. (11/15)
2. TRAILING METHODS-— Trader knight (@Traderknight007) December 24, 2020
1. SWING POINT METHOD-
In this method we use the swing points or the HH- HL OR LH-LL points for placing sl,
In this method we trail our sl when the stock make a Higher low after our entry and keep Trailing the sl till it hits. pic.twitter.com/CqzCkLdWmC
If stock breaks last swing high, enter again and use same trailing SL method. It's difficult initially to enter same trade from higher price but good opportunity shouldn't be missed. (14/15)
More from Sheetal Rijhwani
As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)
To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:
- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)
- If it gave a rejection candle at resistance.
- If any Index closed exactly at support, you can get a trade on either side the following day.
- If there was a bullish signal at the support.
- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)
- If any Index has taken support at 50 or 200 EMA.
Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)
What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)
- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)
Here are some ways how you can do it, when you can do it and the right position sizing for doing it... 🧵 (1/25)
Traders who are trading in cash and want to explore options generally start with options buying without much knowledge. They buy OTM strikes and trade with wrong position sizing. With no idea about the perfect entry, they end up feeling that F&O is risky. (2/25)
After losses in F&O buying, this is how I approached it and it rewarded me pretty well in initial phase. I find this strategy easy to start things off. And then, you can explore other strategies too and find what works for you. (3/25)
Vertical spread is a directional, defined risk options trading strategy:
1. Bull call spread (Debit spread)
2. Bull put spread (Credit spread)
3. Bear call spread (Credit spread)
4. Bear put spread (Debit spread)
Read about these strategies in the below articles. (4/25)
While going through these strategies, you must have thought you have to wait till expiry for profits/loss. (5/25)
Choppy markets are difficult to trade. When there's an uptrend like it was in mid-2020 and 2021, it's easy to find out stocks in different ways. (1/18)
And when it is in a clear downtrend, we can simply avoid trading in cash scrips and can take the benefit of selling in F&O.
We don't know for how long the market will be choppy - could be a few days, 2 months, 6 months or a year. (2/18)
You just can't sit with 100% cash for trading in stocks that long. A way to trade needs to be figured out.
After a clear uptrend, market changes the trend and sometimes goes sideways/consolidate for the time being. (3/18)
When it falls after an uptrend, there will be so many supports midway - sometimes it doesn't fall freely. The question is... how can we take trades at this time in cash scrips?
When Nifty and small-cap/midcap Index comes at major support keep a watchlist ready. (4/18)
This watchlist is of stocks which are at major support too or at 20, 50 EMA (generally stocks bounces from here if the market supports). Try to find stocks from a strong sector/theme. The next day, if we get a bounce, trade Intraday in that stocks. (5/18)
More from Ta
All my threads will be listed under here
Need help getting better entries ?
Here is your thread
Thread on Finding Entries.— James Lefaith aka Jimmy Momo (@JamesLefaith) June 15, 2021
Firstly you have to be able to identify and area of value for an add.
NEVER BLINDLY BUY\u203c\ufe0f
ALWAYS BUY AT A KEY LEVEL OF SUPPORT, CONFIRMATION & OR IN SOME INSTANCES EVEN AT A BREAK OF A RESISTANCE LEVEL
\u203c\ufe0fThis is how you do that
This is How you can be green on every trade via risk management
RISK MANAGEMENT THREAD— James Lefaith aka Jimmy Momo (@JamesLefaith) June 17, 2021
Bookmark this; it\u2019s important.
This thread will help you exit (Mostly) EVERY TRADE GREEN but MOST IMPORTANTLY will help you mitigate risk.
HERE is some proof. pic.twitter.com/RNFJtOqJ9C
Thread on high profitability support and resistance setups & trigger points.
\U0001f90dThread on My Support & Resistance System\U0001f90d— James Lefaith aka Jimmy Momo (@JamesLefaith) June 19, 2021
This Thread Will Help you guys identify favorable, highly profitable, quick and smart money decision areas to add for your entries.
This Thread was requested by my good friends @DevTrades21 and @jessasecond1. Give Them a Follow
Here’s the Jimmy Momo Script, hope you all love it
EVERYONE Here\u2019s the moment we\u2019ve been waiting for, Here is the TOS study based on my candle system.— James Lefaith aka Jimmy Momo (@JamesLefaith) September 12, 2021
Script created by @richard_the_red everyone give him a follow & thank him for putting in the time. We really hope you all enjoy it & put it to good use https://t.co/0hzRfQ3uGg
A small thread
Traders show your support by like & retweet to benefit maximum traders
@Puretechnicals9 @AnandableAnand @Abhishekkar_ @ProdigalTrader @nakulvibhor @RajarshitaS @Rishikesh_ADX @Stockstudy8 @vivbajaj
Focus on limited price action pattern if u are fan of pattern trading and concentrate pattern more at reference levels no everywhere.
A sweet and simple BNF Setup i use
Retweet so that everyone can get benefited.
Check Full thread for full strategy.
1. You have to use 2 charts simultaneously , first chart of bank nifty spot 15 min time frame , candle used heikin ashi
Second chart 15 min bnf future normal candle.
2. Indicator used is alligator , in the indicator you have to only use the jaw of indicator.
3. Whenever spot and future candle closes simultaneously below the jaw line , short at the low of the candle which closed below the jawline.
4. Whenever spot and future candle closes simultaneously above the jaw line , buy at the high of the candle which closes above the jawline.
5. Target and Stoploss - Ideal target which i personally take is 100 points.
Stoploss also 100 points.
On trending days you can trail and take 200/300/400 points also.
I have personally made maximum 624 points in bank nifty in a single trade.
6. Precautions - never trade on sideways days.
7. Never trade on gap up or gapdown of more than 100 points .
I have made a detailed video on the same.
Thankyou for reading.
1) Understand how supply and demand zones work (applicable to all timeframes)
2) Learn how to identify the pivot points to identify high probability entry and exit zones
2.5) Watch one more video to really nail in how to draw supply and demand zones
3) Understand how supply and demand zones work with major support and resistance levels (yes, they are slightly different)
If you are confused trading terms, but beginner and advanced, Read this thread.
Read. Share. And RT
The above Explains
1. Basics of Volume Profile. No need to Panics if you don't understand VP, just understand the definition for now.
2. Explains DOM, Deviation and Liquidity Grab.
Please take the time to read the above slowly and carefully.
Deviation explanation here.👇
Cheat Sheet 2.
Explains Basic price patterns and price movements explained.
I am adding a screenshot of the DOM to show how Bid, Ask and Orders look like.
This will explain what everything on an limit order book means.
Cheat Sheet 3.
A few advanced words about trading.
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2/ I like secondary for entrepreneurs. Moderation is key but in a lot of situations I think it helps accelerate the co. Lots of very smart investors disagree. Here are my thoughts.
3/ Magnitude: My basic rule of thumb from what I see is market is 4+ yrs and up to 10% of founder’s equity stake with some $ cap that makes sense given stage etc. (typically <$10m)
4/ The entrepreneurial journey is brutally hard. Giving some financial relief helps remove one piece of pressure. I don’t think that secondary in the magnitude mentioned impacts the drive/persistence of great entrepreneurs.
5/ That secondary means they will be able to just sleep knowing they can pay their kids’ tuition. Secondary will make most founders better at their jobs, thus accelerating the co.
I really, *really* like SoJ's "would not use again" question, which lets people who've abandoned a tech self-identify. This is noticeable in the graph above with Flow users -- 41% of people who've used Flow say they wouldn't use it again.
React 65% (vs. 60%)
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Python makes it very easy to analyze and visualize time series data when you’re a beginner. It's easier when you don't have to install python on your PC (that's why it's a nano course, you'll learn python...
... on the go). You will not be required to install python in your PC but you will be using an amazing python editor, Google Colab Visit https://t.co/EZt0agsdlV
This course is for anyone out there who is confused, frustrated, and just wants this python/finance thing to work!
In Module 1 of this Nano course, we will learn about :
# Using Google Colab
# Importing libraries
# Making a Random Time Series of Black Field Research Stock (fictional)
# Using Google Colab
Intro link is here on YT: https://t.co/MqMSDBaQri
Create a new Notebook at https://t.co/EZt0agsdlV and name it AnythingOfYourChoice.ipynb
You got your notebook ready and now the game is on!
You can add code in these cells and add as many cells as you want
# Importing Libraries
Imports are pretty standard, with a few exceptions.
For the most part, you can import your libraries by running the import.
Type this in the first cell you see. You need not worry about what each of these does, we will understand it later.
Charlie Hebdo doesn’t come up as a cautionary tale now but rather 'why cant we be like that'?
Growing up, Hanuman was an adorable deity for us, who swallowed the sun, or who couldn’t figure out what was Sanjeevani booti so he picked up a whole mountain and came back with it. 2
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