At TraderLion, we identify an uptrend as stocks/markets that trade ABOVE a RISING 21DSMA and 50DSMA.
A downtrend occurs when stocks/markets trade BELOW a downsloping 21DSMA/50DSMA.
Let's look at an example ๐
4 Simple Steps to Avoid Downtrends ๐ (a thread)
๐งต
At TraderLion, we identify an uptrend as stocks/markets that trade ABOVE a RISING 21DSMA and 50DSMA.
A downtrend occurs when stocks/markets trade BELOW a downsloping 21DSMA/50DSMA.
Let's look at an example ๐
Swing Traders: when markets/stocks are above the rising 21D
Position Traders: when market/stocks are above the rising 50D
We can take this one step further by understanding what a Power Trend is ๐ช
โ Low > 21ema for past 10 sessions
โ 21EMA > 50SMA for at least 5 sessions
โ 50SMA slope is positive
โ Market closes up
This is a key component to avoiding downtrends and losing money altogether.
Our most recent follow through day is a great example of how NOT having clear leadership groups leads to quick failures of uptrends.
If the rally itself isn't broad, it is hard to sustain!
The groups that stoodout the most were Software & Electric Vehicles ๐
$NET $TWLO $TSLA $BLNK
$PINS $SNAP
Tracking if your recent trades were winners/losers/breakeven allows you to see if what you are doing is working on a net basis.
If you last 10 trades have all been winners or breakevens, you are in a strong environment.
Ultimately this step is the most important because this directly relates to your hard earned money.
If you DO want to develop a feel for trading a corrective market, SIZE DOWN.
1/8 of your normal size should allow you to do this without hurting you in a big way.
Traders overlook the importance of MC while we are focused on the pursuit of maximizing our Equity Curves.
We can't do one w/o the other!
If you want more similar content, please follow us @TraderLion_
Let us know what your best trick is to avoiding downtrends ๐ฝ
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Trading view scanner process -
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)
3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )
4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.
5. U can also select those stocks which are going to give range breakout or already given range BO
6 . If in 15 min chart๐ any stock sustaing near BO zone or after BO then select it on your watchlist
7 . Now next day if any stock show momentum u can take trade in it with RM
This looks very easy & simple but,
U will amazed to see it's result if you follow proper risk management.
I did 4x my capital by trading in only momentum stocks.
I will keep sharing such learning thread ๐งต for you ๐๐๐
Keep learning / keep sharing ๐
@AdityaTodmal
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)
Making thread \U0001f9f5 on trading view scanner by which you can select intraday and btst stocks .
— Vikrant (@Trading0secrets) October 22, 2021
In just few hours (Without any watchlist)
Some manual efforts u have to put on it.
Soon going to share the process with u whenever it will be ready .
"How's the josh?"guys \U0001f57a\U0001f3b7\U0001f483
3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )
4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.
5. U can also select those stocks which are going to give range breakout or already given range BO
6 . If in 15 min chart๐ any stock sustaing near BO zone or after BO then select it on your watchlist
7 . Now next day if any stock show momentum u can take trade in it with RM
This looks very easy & simple but,
U will amazed to see it's result if you follow proper risk management.
I did 4x my capital by trading in only momentum stocks.
I will keep sharing such learning thread ๐งต for you ๐๐๐
Keep learning / keep sharing ๐
@AdityaTodmal
โWe donโt negotiate salariesโ is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I donโt appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but thatโs negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didnโt want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but itโs not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. [โฆ]
Always. No, your company is not an exception.
A tactic I donโt appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but thatโs negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didnโt want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but itโs not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. [โฆ]
