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)
https://t.co/5N6hcW6SOm
(9/15)
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)
https://t.co/Pysa6LDK4t
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
Read and follow this.. he has aptly explained about various methods to trail.
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
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)
https://t.co/KQvYOsu9kv
While going through these strategies, you must have thought you have to wait till expiry for profits/loss. (5/25)
Target - 6400+
Stop loss - 4650 https://t.co/DD6pFtSvMI
#AffleIndia
— Sheetal Rijhwani (@RijhwaniSheetal) August 8, 2021
It's at retest of weekly breakout level.. we can get a good entry with favourable risk/reward. Have a look at chart! #stockmarket #stockstowatch pic.twitter.com/cS9EOIoWJl
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
Read the writeup & most importantly understand the chart with comments
It solves the problem which traders face "what's the trend?"
If someone liked it, may send a box of chocolates, I won't mind 🍫 😄 https://t.co/BQ9bwjxBU4
SGX in -320 Pts
— Sarah (@TheCosmicTrader) August 19, 2021
Look at CPR of NF basis open & close, something unusual happened yesterday which didn't happen in last few trading sessions
If you can see above in chart, you will realize CPR is not an indicator, it is market sentiment
It's time for a short webinar
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