BC TRADING

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CathieFan
@EffingTrader 4 years, 3 months ago 892 views

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Charts Time!
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$SPY $SPX $QQQ $JETS $NVDA $AMZN $XLE $XLF $PLTR $IWM $TRAN $MJ

$SPY
still looks very bullish on weekly, i expect it to move to 400 early next week

$QQQ
#QQQ similar on weekly, if it dips anywhere close towards 320, buy weeklies and monthlies as its gonna go right back up, below this line though we'll see what happens

$IWM
small caps have absolutely been on fire #IWM since elections, do you think the run continues?

$JETS
#Jets monthly chart - check out the base range it created since 2017 until pandemic, 28-32, looks like its creating a nice long pattern and trying to go back to that range, lets see if it continues and breaks 28 again

$XLE
#XLE back to its last summer high, above this we can see a run towards 55-60

$XLF
Banks index continue to impress, moved above the pre-pandemic highs finally, this is still very bullish and continues to grow

$TRAN
Transports breaking from the current channel, i took some profits yesterday, but looks like it could start something special

$MJ
#MJ needs to hold here

$TSLA
#TSLA holy grail setup falling wedge, can start a new run towards 900+ again

$NVDA
#NVDA needs to stay over the breakout level, below this and i'll get less interested, earnings next week

$AMZN
everyone just waiting on amzn to pop from here and it needs to hold this level here, above 3400 we need to see 3489 and 3552, after that we can see a nice run again

$CRM
#CRM disappointment last week, but still inside the channel, look for some continuation next week, earnings next week

$PLTR
#PLTR looks beautiful on the holy grail falling wedge setup, looks like it can test 40 again by march

Thank you for viewing!
Follow and subscribe for weekly charts :)
Have a fantastic weekend

p.s. Stonks only go up!

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More from Trading

Aditya Todmal
@AdityaTodmal

A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

(1/12)

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

(2/12)

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.

(3/12)

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.

(4/12)

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

(5/12)

Trader knight
@Traderknight007

A THREAD ON SL, TSL AND RE-ENTRIES-

WHERE TO PUT THE SL-

1. NEAREST PIVOT/SWING POINTS-

Normally I use this method for placing sl, In this method we use swing point for placing the SL.

As normally the stock would not try to go below previous swing point if it is to go in our direction.

2. ATR method-

Sometimes the Stock do not have any nearest pivot at time of buy, So we use this method as it gives us a level on basis of current volatility of the stock.

I use 1.5 ATR away sl , say the ATR at point of entry is 30, so I place sl
1.5 X, or 45 rs away from entry

In below example the entry is 120, ATR=5, SL= 1.5X ATR= 7.5 OR 113.

Nearest pivot was too far away, that’s why this method is used in these cases.

4. Anchor candles-

Anchor bars are those which have extreme Volume, gaps or wide Ranges.

Here, we place our sl below those candles which has the above characteristics.

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$Shravan Venkataraman \U0001f525\U0001f680\U0001f4b0$

Shravan Venkataraman 🔥...
@theBuoyantMan

Working on some execution optimisation related backtesting. I have so far been executing with market orders only. Going towards higher lot sizes, I'd like to optimise for minimal slippage.

First off, on NSE, if you place a market order, you get filled at the best bid/ask right?

If we want to optimise this, the first non-creative idea one can think of is, slicing the order into different lot sizes, and placing a limit order for each slice at the mid point of current best bid & ask.

But this requires your latency to be the least.

Why would latency affect it?

I looked at tick historical data, and there are more than 18-20 ticks in a second (auction and quote combined).

Even if you keep 10 ticks per second, your best bid/ask can shift from the time you place to the time exchange receives the order.

So, the next best thing that people can do is place tranches of orders every 1s, 3s, 5s, 10s, 15s - in their preferred time range, and get filled at the midpoint or best-bid+1/2/3/4/5 in the depth.

What you need is liquidity.

But if you're trading breakouts, then it's highly likely that your limit orders may not get filled if the action is too fast.

So, a retry mechanism is required in such cases.

If nothing works, you convert your orders to marketable and get filled at worse slippage.

Vikrant
@Trading0secrets

My swing cash strategy ☢️
(In simple language)

1⃣ #stock selection process - always choose that stock which are consolidating near all time high

(Because whenever stock will give all time high breakout then it will easily give 20/30% return in 1/2 months

2⃣Volume analysis - In that consolidating period volume should be high of up move days then down move days. And last 3/4 month volume of accumulation is must higher then previous days.

3️⃣ fund diversification - always deploy your capital in 3/4 stocks, not more then that or not less then 3.

And, your 3/4 stocks must be from different strong sectors.

4⃣comunding magic - If you hold 10 stocks then if 2 stocks will give 100% return then portfolio impact is 20% only. (here time period is 8/15 months)

If you hold 3 stocks out of them 2 will give 40% then ur portfolio impact is 25%
(Here time period is 1/3 months)

5⃣sectors analysis - always choose that sector stocks which are near support or breakout stage.

If any stocks is out of nifty sector then u can open stock scanner website and check their peer charts.If out of 5 ,3 are strong then u can select that

Investment Books
@InvestmentBook1

Knowledge sharing initiative Book 4: "The interpretation of financial statements" by Benjamin Graham.

This book was published around 1937 by investing legend Ben Graham. Ben is also regarded as the guy under whom the great Warren Buffett started his investing journey.

This book teaches financial statement analysis in a very simple manner. It also focuses on the key relationship between P&L, B/s & Cash flow statements of a company.

Here are key takeaways from the book 👇👇

1.B/s shows how much a company owns (assets) & owes (liabilities) at a particular point in time mostly prepared on a semi-annual & annual basis.

2.Assets=Tangible (PP&E, inventories, accounts receivable, cash)+intangible Assets (trademark, lease rights, goodwill)

3.Liabilities=Short term debt (accounts payable,current portion of long term debt,advances from customers) + Long term Debt (bank loans,bonds,lease liability)
4.Tangible assets are written down through depreciation & intangibles are written down through amortization or impairment

5. Depreciation & amortization means normal wearing out assets over its typical lifespan. It allows the cost of the asset to be charged off (in the income statement) over a number of years.

6. Depletion gets applied in commodity businesses like cement, mining, and crude oil.

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