what would u look for?
How would u identify scrips just before breakout?
Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)
Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.
1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.
Stock reaching breakout LVL with HL-HH
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.
Number of wide range green bars with high volumes.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point
Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance
'Entering the trade'
Entering a trade without ascertaining a certain things is gambling.
In this masterclass we will learn the pre-requisites to enter a trade.
DON'T ENTER A TRADE WITHOUT DETERMINNG THE FOLLOWING.
We understand what reward to risk (popularly called risk to reward) is.
It will be denoted by R:R.
We will also try to bust a few myths about R:R and how to avoid losing trades.
Before entering a trade, you need to determine 3 things.
1. Entry trigger
2. Stop loss
1. Entry trigger = Reasons for entering a trade. There could be multiple reasons or a single reason for entry.
Generally a set of reasons AKA confluence is a higher probability trade and a generally a safer entry.
Example of an entry trigger.
2. Stop Loss.
The price in the opposite direction of the trade where the trade is exited, at a loss.
At this level, the reason for the entry becomes invalidated according to TA and the price can then move in the opposite direction, probabilistically.
3. Target is the possible price level that the asset might touch based on previous trends or confluence AND where a possible reversal could occur.
Target is the next path of least resistance from where the price might reverse.
We will always ONLY use TA to determine all 3.
Here's some details... Read on.
...it took me another 5 minutes to get qualified for options.
If I share a sign up I get "free shares" and I can share as much as I want up to 500$ worth.
The main UI has a prepopulated "list" of stocks/crypto to watch and links to news.
Clicking a stock opens a "trade" button that looks like this.
Notice options is first, buy second.
Options took me to an approval process (which took about a minute) and now away I go trading Baba options.
Buying stock looks like this. It emphasizes fractional shares.
Complete beginner’s guide to wealth of Rs 10 Cr in 10 years
Step 1: start trading live
Nothing can substitute experience of live trading
No amount of back-test, studies or indicators can substitute training your mind with screen time
As a beginner, In live trading, you will make losses almost everyday
So here are the conditions which you can’t violate in first year
If you can’t follow these rules, this document is not for you
Start with trading capital of Rs 1 lakhs
Max loss per trade 0.25%, i.e. 250 Rs
Max loss for the day, 1%, i.e. Rs 1000
Max 6 trades in a day
I know, these conditions will cripple you in terms of what all you can trade and how
But just like any start up, trading is also about making it through initial gruelling constraints of life
You will also learn, how to turn these adverse rules to your advantage
Btw, you can sell directional banknifty options, obviously you can buy options, can do cash stock trading and much more under these conditions
Think about it, you will be do all kinds of instruments, just that PNL will not be roller coaster ride or exciting like a casino
Earnings Trades Simplified.
Earnings announcements are public announcements that display a company’s earnings, or lack thereof. As the earnings announcement gets closer, implied volatility tends to increase. After earnings are announced,...
the uncertainty of what will happen diminishes, and usually we see a rapid decrease in implied volatility because of it. Because of this phenomena, we tend to stick to premium selling strategies when it comes to earnings plays. We can take advantage...
of the implied volatility crush by selling premium prior to the announcement, and buying it back after the announcement.
Earnings trades are not for everyone, as they involve high amounts of uncertainty and random movements.
Why Trade Earnings -
-Increase number of occurrences, many trades available so increases of our probability of profit.
-High IV opportunities
-Short term Binary event leading to drastic volatility crush.
Factors to consider when placing earnings trade -
1. Expected Move
2. When to place trade
3. Historical Moves
4. Strategies based on market conditions
Let me break down why I think this will be THE SPAC of 2021. 👇
TL:DR – the management team is loaded with President Biden’s closest friends and advisors. No other SPAC has this level of access.
$PIPP company overview:
-focused on defense, government service & aerospace
-perfect focus when you consider who is on their Management Team
-here's where it gets EXCITING
-founded by John Thain (ex Merrill Lynch CEO and Uber director)
-then STACKED with veteran Government and Administration key figures
$PIPP Insane Management Connections
-the list of PIPP "DC Partners" includes:
-- President Biden's pick for Secretary of State (Tony Blinken)
-- President Biden's pick for Secretary of Defense (Gen. Lloyd Austin).
$PIPP - The Joe Biden Connection
- Tony Blinken and President Biden are close allies.
- Blinken has been an advisor to Biden for decades
- Blinken set to be appointed Sec. of State
It's much more powerful than you think
9 things TradingView can do, you'll wish you knew yesterday: 🧵
Collaborated with @niki_poojary
1/ Free Multi Timeframe Analysis
Step 1. Download Vivaldi Browser
Step 2. Login to trading view
Step 3. Open bank nifty chart in 4 separate windows
Step 4. Click on the first tab and shift + click by mouse on the last tab.
Step 5. Select "Tile all 4 tabs"
What happens is you get 4 charts joint on one screen.
Refer to the attached picture.
The best part about this is this is absolutely free to do.
Also, do note:
I do not have the paid version of trading view.
2/ Free Multiple Watchlists
Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free
\U0001d5e0\U0001d602\U0001d5f9\U0001d601\U0001d5f6\U0001d5fd\U0001d5f9\U0001d5f2 \U0001d600\U0001d5f2\U0001d5f0\U0001d601\U0001d5fc\U0001d5ff \U0001d604\U0001d5ee\U0001d601\U0001d5f0\U0001d5f5\U0001d5f9\U0001d5f6\U0001d600\U0001d601 \U0001d5fc\U0001d5fb \U0001d5e7\U0001d5ff\U0001d5ee\U0001d5f1\U0001d5f6\U0001d5fb\U0001d5f4\U0001d603\U0001d5f6\U0001d5f2\U0001d604 \U0001d602\U0001d600\U0001d5f6\U0001d5fb\U0001d5f4 \U0001d601\U0001d5f5\U0001d5f2 \U0001d5d9\U0001d5e5\U0001d5d8\U0001d5d8 \U0001d603\U0001d5f2\U0001d5ff\U0001d600\U0001d5f6\U0001d5fc\U0001d5fb!— Sarosij Ghosh (@sarosijghosh) September 18, 2021
A THREAD \U0001f9f5
Please Like and Re-Tweet. It took a lot of effort to put this together. #StockMarket #TradingView #trading #watchlist #Nifty500 #stockstowatch
3/ Free Segregation into different headers/sectors
You can create multiple sections sector-wise for free.
1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.
Kinda like how I did in the picture below.
What is scaling in - out?
1. Scaling in is adding on to the positions when they move in our favor (Pyramiding).
2. Scaling - out is exiting the portion of the position when the trade moves in our favor.
I have explained about pyramiding in previous tweets.
// Why use scaling out instead of exiting all position at once ?
When you are using ALL - out method where you exit positions at once, mostly you use wider Trail SL as you want to capture big moves and exit all when trail sl hits.
The problem with this method is that either you make too big or many times your medium size winners turns out to become Scratch trades.
So, when we use the scaling out method, we are trying to capture most of our medium size trades , so that they do not turn into scratch trades.
// How to use scaling out method -
Say we have to got a signal to enter in a trade, and we have to buy 1200 qty according to our Position sizing.
So, we have to divide this 1200 qty into parts, how much? It depends on you.
We can divide into 3 parts, each part 400 qty.
24/08/15: Nifty gap down 250 points & another 250 after that. Previous few months return gone, but since I'm quick to take my losses, was saved from ruin. Before that my only edge in option selling was adjustments & my forever edge of following PA. (1/n)
I soon realised that theta decay with sound adjustments is not an edge, which i earlier thought was & which gave me good returns over the years. After that i went deeper in understanding volatility behaviour, how/where it manifests & all the discrepancies in option chain. (2/n)
With finding edge in logistics i mean how to keep the greeks in check, SL in place & optimum ways of adjustments with minimum slippages. So the main aim here is to write theta without following vol behaviour & having any actual knowledge of what's going on in the markets. (3/n)
A dedicated trader can learn all this in few years & it is something which is 'obvious' to become successful. But majority can't reach this level, as this also requires consistent hustle in live markets. All the seminar/webinar business teaches you till this level only.(4/n)
If you get passed this level though, the real work starts, when you have to find your real edge. This can't be taught in a webinar. It needs serious introspection of your trading skills, psychology & strategies in use, which ultimately allow you to book excellent profits. (5/n)
Holy grail- A strategy Which can make money all the time.
After going through two phases of a traders journey, the initial success phase, and Only why do i get loss phase, Traders enter the third phase -
THE SEARCH FOR THE HOLY GRAIL PHASE.
This phase has no limits, It can end in 1 month and it may not end till lifetime.
What exactly is this phase?
When a trader covers all the basics, they know how to lower their losses, they know the power of risk management.
And few of them may even develop their edges and systems over time.
But after some time, they feel that they are doing something wrong and there is more to trading than what they know.
THEN COMES THE HOLY GRAIL PART-
Few of them start to Read more books about trading,finding articles about “How to win 100% of the time” and listening to Youtube videos of few big traders who make big in trading.
Many traders face the issue of Not entering in trades because of fear.
A thread on How to pull the trigger when the opportunity knocks.
Lets First start from knowing the cause of this "FEAR" of pulling the trigger.
A traders goes through many phases before becoming Profitable.
The first phase is the " APUN HI BHAGWAN HAI" phase-
When we first begin Trading, we don’t know any concepts, we don’t know about the risks , the dangers.
So we start trading, and like most guys by beginners luck we start making good, we start to calculate how much money we will make in next 1yr, 5 yrs, Greed start to Hop in.
We get introduced to Various instruments, F&O, LEVERAGE.
We take big positions as we don’t have any FEAR cause we haven't seen those bad phases yet.
Now we get the Big blow, account down -50%, or in many cases wiped out.
The first phase ends here.
Now we know How the market can kick our ass, we now know the risk that comes with those big positions.
"THE LEARNING PHASE"-
Now we know that we were just lucky initially and now we have to learn why we get those losses, so we start learning concepts , fundamental, Technicals.
BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -
OPTIONS WHEEL STRATEGY
Everything to know about this strategy I'm posting in this thread.
Step 1: Stock Selection
1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.
2. Stock must be in an uptrend.
3. Stock options should be liquid enough to trade in.
4. List of stocks attached
Step 2: Which option to sell?
1. Sell put at a support according to charts.
2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.
3. Sell put at a price where you're willing to buy the stock at.
Step 3: What to do when in profit/loss?
1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.
2. If in loss take delivery of the shares equivalent to the lot size in cash market.
Step 4: What to do after taking the delivery?
1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.
2. Keep doing this till your CE expires ITM and then give delivery of your stock away
Sure, it's highlighted yet another way in which the bastards profiteer but that's about it, stick it on the pile with the fifty other pro tips to keep the poor, well poor... It's todays banter and tho a few folks might have egg on their faces, literally nothing will happen. 2/
GameStop's three largest shareholders have earned £1.5bn+ during this. They sit at the top of some 200 institutions which are rolling. Meanwhile the ersatz rebels are now watching the bubble, realising there is profit to be made and having a wibble. 3/
No doubt some TRULY believe they are taking part in some kind of revolution but frankly it's utterly absurd and the vast majority are in it for the lulz and to cash in quick.
I'm sorry to tell you this, but you don't own GameStop.
The reality is, the scale of the economic disparity and corruption is simply vast. Billionaires loosing a few millions means nothing. They buy one less yacht and you continue to live meal to meal.
The "Free Market" changes a few systems and the abuse continues. 5/
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
Here I'm listing the resources every beginner should go through to shorten their learning curve.
1st Course - TASTYTRADE
This channel on YouTube is a goldmine for people wanting to learn about options both basics and advanced. By far the best and the most popular channel out there amongst option traders.
2nd Course - OPTION ALPHA
This channel is also pretty well known amongst option traders and they have laid out the path to generate consistent income trading options.
3rd Course - PROJECT OPTION
Lengthy videos explaining the benefit of trading options and has gone through
4th Course - TASTYTRADE
Another crash course on options by tastytrade. Different strategies have been compared while some focus on trade management is also
The entire thread will have some quick pointers on options trading. These bullet points are based on experience and learning and even if you are completely new,will help you to build some perspective. So,lets go :
-When new,prefer trading monthly options over weekly options to reduce risk
-Set up your trades with greater than 50% Probability Of Profit
- Use implied volatility in your decision making process
-Book some trades at 50% of max profit i.e. locking of profit incase u are buyer
-Don’t adjust losing defined risk strategies. A lot of people get into the bad habit of averaging and run the risk of losing a lot
-Diversify your portfolio across product, direction, and time,this has to be considered while you are planning to put in multiple strikes in folio
-Short Strangles are one of our go-to strategies because of their high probability of profit and increased profit potential.A little effort with understanding of volatility would help
-Allocate no more than 5% of your account to any one trade
-Trade small, trade often to increase your number of occurrences. Some might deny but this works
-In options you might have heard of spreads.Multiple options legs create an options spread. For example, a short strangle consists of selling a call and selling a put simultaneously.
// What are trend-lines?
Trend-lines are support and resistance lines which are formed by connecting Important swing points.
The beauty of using them is that We can use them when stock is not Respecting the Horizontal S&R zones, they can indicate us when the trend may change.
// Things To consider while Making trendlines?
• A trendline formed by using 3 Major-Swing points is a potential trendline, But we will also use 2 points to form a trendline, will discuss how, as you read further.
• Trendline can be formed by two ways-
In this method we only connect the wicks to make a trendline, this is a precise way of making a trendline.
// Why only connect the wicks?
There are two type of levels - Precise and Less precise (Which we call zones).
So what we are doing is by only connecting the wicks we are making a precise level where we can take trades, either Mean reversion or Breakout trades.
SIMPLE. HIGH PROFIT. NO NONSENSE.
One of the best strategies for Scalping crypto.
Share it to help all beginners.
We will use three basic indicators.
1. Pivot Points
2. Stoch RSI
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
USE THE STRATEGY:
I will introduce the tools and then explain the strategy.
I Will talk about the calculations to arrive at the indicators separately.
IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.
Tool 1- Pivot Points:
They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'
The settings to be used have been disclosed in the pic below.
Note- You can choose your own settings but I have disclosed the ones I use.
This is what they will Look like.
Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)
It doesn't matter if it's been denoted as P,R or S.
We will learn how to use them below, practically.
1. Clarity- When the mind is free from fear and ego
The first step to successful trading is to be clear about everything you do.
BUT, the reality is that most traders don't even know what they are doing.
And because of this-
They don't have any goals.
They don't have any Trading plan
They don't know what is suitable for them
And the list goes, on and on.
If you are among the people as described above, don't worry, There is nothing wrong with you, almost 90% of Traders are like that.
So, what do you have to do to get CLARITY in your Trading-
Find one style that is suitable to your personality and double down on it.
In this world where we have plethora of information just one click away, most people are distracted and see a Glowy thing every time they go over the social media.
They Find something new every now and then, jumping from one strategy to another, searching for Holy grail.