BC TRADING
Saved by @Alex1Powell

It's Sunday morning and I'm grumpy 😑😑 and bored 🥱🥱

Why you ask? It's the weekend, everybody loves the weekend. Time to chill and relax and unwind!!

Yeah talk to a Trader!! We hate weekends and Love Mondays 😂🤣😋

 So anyway, my threads on real life practical trading seem to be helping you guys and getting lots of good questions

One which I'm getting asked a lot and a traders biggest dilemma is "WHEN TO SELL"!!
I mean we first look thru a 1000 charts, then we select one to enter, get the entry correct nd wowza it's moving in th right direction nd we're in some profits

Shud be super happy rite?

Unfortunately that's a traders worst nightmare!! Why you ask? Cos goddamit when do we sell?
If we sell too early we risk losing big profits

If we wait too long it might just reverse and we lose most of our profits and most likely even end up in a loss

If we do nothing then our blood pressure goes up cos hey we're traders and that's how we are 😋😋
So here's a "DEEP DIVE WITH DEEPS" on "When To Sell"

** Took me several days to come up with this catch phrase for my learning threads. I hope you guys like it
Before I start here's one of my fav financial quotes by Baron Rothschild (Google him) - "I never buy at the bottom and I always sell too soon"
The point being it's never to early to sell as long as you're making profits so don't ever feel bad that you sold early

If you do it consistently enough those profits will add up and you'll end being richer and more confident allowing you to ride winners as your trading improves
With that aside here are 3 simple methods that will help you guys resolve this dilemma and no matter what will ensure that you almost always end up in profits

But remember this works only if you get your entry right and following classical charting in the best way for that
For today's example we take the hourly chart of Tata Steel

Before anything we wait patiently for the pattern to setup and enter only on a confirmed breakout which is marked on the chart with a blue arrow
So now that we got our entry correct and the stock is moving in the right direction - We immediately start praying 😋😋

With that I mean set your SL as per your risk profile. RISK MANAGEMENT is always a traders top most priority
Method 1 - Set a winning percentage to exit between 5 - 10% from your entry price

This is good for rookie traders so that you slowly accumulate profits. Might sound less but remember banks give you 5% a year and here you're getting 5% in a few days sometimes even a few hours
Method 2 - Say thank you to our good friend Leonardo Fibonacci for this. This is something most seasoned traders follow so it pretty much works

The 161.8% Fib level from the high to the low of the pattern is your exit level

It's simple, easy, fuss free and almost always works
Method 3 - Pattern Target

Classical chartists follow this and magically it almost always works as well.

Richard Schabacker considered the grandfather of technical analysis follows this method in his book "Technical Analysis and Stock Market Profits"
There will always be regret that we sold too early but whenever you feel like that remember the quote from Baron Rothschild mentioned early. Taking profits will never make you poor.

More Profits = More Capital = More Confidence = More Chances you will ride winners better
Once you sell just MOVE ON!!

Consider each trade to be ur mistress and not your wife. Done with one mistress, move on and look for another. Isn't that every guys dream anyway 😋😋

It's every girls dream as well but unfortunately they get branded sluts! But that's another topic
So that was a "DEEP DIVE WITH DEEPS" on "When To Sell"

Hope you guys enjoyed it and hope it helps you trade better. That is the goal here - Make all of you better traders 😇😇

As always LIKE - SHARE - RETWEET - COMMENT 🙏🙏
Here's a parting gift that you all can use to practice "When To Sell"

JM Financial with a neat little symmetrical triangle breakout on the daily

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Thread: Parabolic SAR Indicator

Parabolic SAR (PSAR) indicator was developed by J. Welles Wilder.

#PSAR #Indicators #Definedge


The calculation of this indicator is a bit complex, but the concept is extremely useful. I will try to simplify it and explain the logic. I will briefly explain the concept, calculation and reading.

Let us think about creating an indicator that shows the trend.

Using the indicator, we can identify & ride the trend using the trailing stop-loss method.

For trailing the stop in uptrend, indicator needs to be placed below the candle. Similarly, it should be placed above the candle for trailing in a downtrend. We will plot it using ‘dots’.


So, the indicator & stop-loss will be rising in uptrend & falling in downtrend.

Let us define the trend as:

If Low of the candle > Stop-loss level in bull market = Trend remains bullish.

If High of the candle < Stop-loss level in bear market = Trend is bearish

Imagine you are driving a car on highway; you would like to accelerate if the road is clear. You will slow down if the road is bumpy.
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How position sizing can affect your trading performance-

Assuming that you are trading a Trend-following system with Big RR and low win-rate.

For example, assume that you risk one percent per trade on a 100,000 account
and you have 20 straight losses.

That one percent is of your remaining equity and at the end of 20 losses, you would be down to 81,790.60.

Now if you got a 30R winner and you are risking one percent of your balance of 81,790.60, your new equity would be 106,327.9,


You’ve had 20 losses and one winner though you are still up 10Rplus your equity is up by 6.3R percent.

Now, let’s say you risk five percent per trade on your balance. At the end of 20 straight losses, you would be down to 35,772.89 or down 64 percent.


If you risk five percent on this amount and get a 30R winner, you would be up to 89,621.48. You are up 10R, but because of your position sizing, your equity is still down over 10 percent.

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This is why position sizing is the most important factor in trading if you get it right and you have an edge, you will do good.

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Knowledge sharing initiative Book 1 : "Mastering the market cycle" by @HowardMarksBook

This incredible book focuses on understanding why periods of recessions & growth occur frequently wearing lenses of all mkt participants-the economists, the investors & the regulators.

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The book tries to explain the human tendency of extrapolating the recent past and the imbalance in defining risk at the time of bear & bull markets. It is this tendency that drives booms & busts.

Here are the Important learnings from the book: 👇

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1. Every Asset class goes through a cycle - Up & Down this book teaches why such Up & down occur how to spot them & how investors can improve their returns.

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2. Its extremely difficult to forecast Macroeconomic variables like interest rate, inflation, GDP etc there's a reason even Central bankers & Presidents of the country fail consistently at the same

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Rohit Katwal
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William's Alligator is probably the most underrated indicator in moving average category.

Alligator follows the premise that market is sideways for 70% of the time and trending only 30% of the time.

This is where William's Alligator can be a great tool for traders.


Why William's Alligator can be a great tool for traders?

It can identify Bullish, Bearish and Sideways market pretty easily. Problem is, traders don't know how to use it effectively. Alligator has three lines:

1. Lips - Fastest Line
2. Teeth
3. Jaws - Slowest Line


Book Interpretation is when Lips Crosses above Jaws, it's a buying opportunity and when below its a shorting opportunity. And when three lines are crisscrossing, instrument is sideways.

BUT this does not make it a tradeable indicator in practice. Here is what should be done.

Firstly, when all the Alligator lines are moving up or down and are widening, this phase is called "Alligator eating with its mouth wide open". When the lines are crisscrossing, this indicates the alligator is sated.

Now, how to use it? with Basic TA and Indicator like MACD

Rules to remember:
1. As long as price is above Alligator, BANKNIFTY is bullish.
2. As long as MACD is trading above 0 line, BANKNIFTY is bullish.
3. Horizontal Lines are the only S&R.
4. CONGESTION is followed by TREND is followed by CONGESTION.
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