BC TRADING

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Gurleen
@GurleenKaur_19 2 years, 4 months ago 387 views

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A Thread on~ O V E R T R A D I N G

Sitting and observing the numbers flicker on the screen might be very exciting.

But have you ever felt like you might've done better? Or you're just too tired of waiting that you punch an order right in?

That's a Bad Idea.

So, Let's understand the reasons behind it and try to find a way out.

1. Not having a trading plan makes you clueless.
Your impulses start to take control of you.

2. Having a trading plan; But still taking impulsive/ random trades.
Because of adrenaline rush or gambling instinct.

3. Revenge trading
When you try to force a trade in order to recover from a previous loss.

4. Increasing the Overall capital suddenly followed by poor position sizing.

5. Social media influence
Copying someone else's trades without understanding the logic.

6. Competing with others on Social Media
Getting influenced by MTM screenshots.

7. Feeling euphoric after great winning streak.
Extreme urge to give it all back to the market.

8. Not maintaining a Trading journal.

9. Boredom and not having any trading partner.

10. Tendency to self sabotage for reasons & failures outside of the trading arena.

11. Just for adventure and fun.

Now the question is: How to refrain ourselves from Over Trading?

1. Define your Trading criteria and wait for the right setup.
Do not chase the price.

2. Treat Trading as a serious business.

3. Limit the number of trades per day.

4. Don’t let inefficient screen time and boredom enter your trading.

5. Understand the premise of your system and know when to stay out.

To conclude, These are the greatest skills you can have as a trader and also the hardest to actually get a hand on.

Preach Persistence.

More from Gurleen

Gurleen
@GurleenKaur_19

20 Timeless Financial Lessons from the book:

"THE PSYCHOLOGY OF MONEY"

– Thread –

1. Our current relationships with money are based on our past experiences & We should avoid living in that illusion.

2. One can be wealthy without superior intelligence of financial education. You just need right behavioral skills.

3. Both luck & risk are an integral part of finance.

You can make good decisions that lead to poor financial outcomes vice-versa.

4. Saying “enough” is realizing that an appetite for more will push you to the point of regret.

5. Financial success is less of a science & more of a soft skill.

6. Buying impressive items to gain admiration & respect from others is a fool’s pursuit~ These things can not be bought.

7. Don’t move your goalpost to suit your current needs.

Once you have more money & power. It's easy to get lost in ambition so stick to your goal.

8. There are certain things which are never worth taking a risk like Character, Family, Friends & Freedom, Happiness.

Gurleen
@GurleenKaur_19

#TATAPOWER Monthly Log chart
Above 145.80; A strong upside might get unlocked towards 240.

#StockMarket #StocksToWatch

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Gurleen
@GurleenKaur_19

#DRREDDY
Post the Harmonic reversal, Amongst the Pharma sector; #DRREDDY is 10% down.

Strong sell-off, There's a high probability of 4874.80 getting breached. Immediate support at 4700.20

#StockMarket https://t.co/J61wgJdzX7

#CNXPHARMA
Strong Breakdown but it continues to hold above a crucial support level of 14183.65

Support staying intact or A slip below this level would lead the Index either side. #StockMarket pic.twitter.com/qgBZKB4Cyo
— Gurleen (@GurleenKaur_19) July 27, 2021

Gurleen
@GurleenKaur_19

#NIFTYAUTO

With the structural higher highs-higher lows and weekly closing above the pivot level, This front looks quite strong.

Might face supply pressure around 12015-12140 levels. Beyond that, Point D is the level to eye on.

Gurleen
@GurleenKaur_19

#BAJAJFINSV
Self-explanatory. Levels marked on the chart.

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Conservative Trader
@AnandableAnand

How to get rich trading (without getting lucky)

Complete beginner’s guide to wealth of Rs 10 Cr in 10 years

Step 1: start trading live

1/n

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

2/n

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

3/n

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

4/n

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

5/n

Gene Kim
@RealGeneKim

Many of you have seen the famous Westrum Organizational Typology model, so prominently featured in State of DevOps Research, Accelerate, DevOps Handbook, etc.

This model was created Dr. Ron Westrum, a widely-cited sociologist who studied the impact of culture on safety

Thanks to Dr. @nicolefv, I was able to interview him for an upcoming episode of the Idealcast! 🤯

It was a very heady experience, and while preparing to interview him, I was startled to discover how much work he's done in healthcare, aviation, spaceflight, but also innovation.

I've read 4+ of his papers, so I thought I was familiar with his work. (Here's one paper: https://t.co/7X00O67VgS)

I was startled to learn he has also studied in depth what enables innovation. He wrote a wonderful book "Sidewinder: Creative Missile Development at China Lake"

Dr. Westrum writes about China Lake Research Labs: "its design and structure had one purpose: to foster technical creativity. It did; China Lake operated far outside the normal envelope... Sidewinder & others were "impossible" accomplishments,

I love this book because it describes traits of organizations that routinely create and maintain greatness: US space program (Mercury, Gemini, Apollo), US Naval Reactors, Toyota, Team of Teams, Tesla, the tech giants (Amazon, Google, Netflix, Google)

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Trader knight
@Traderknight007

Overthinking - The art of creating problems which weren't even there.

Thread on How Over-analysis leads to decision Paralysis-

What is Analysis paralysis?

In simple terms, analysis paralysis is a person's tendency to over-analyze or over-think upon a decision to such an extent that he/she fails to make a choice resulting in a paralyzed state of inaction.

How a retail trader trades-

A trader named Rahul, He know all the basics of markets, He also has made a system which gives signals on nifty, he has also encorporated good Risk management and Position sizing into his system.

One day he gets a signal to buy Nifty at 13500 with stop at 13450, he wanted to take the trade, but he wanted to get sure that the trade he has take should be a winner.

So he says just let me check the RSI if its above this level I will buy , he checks it and it was above his

level, then again he wants to check another indicator named MACD, he wanted to get sure man, Now he do the most intelligent thing to get sure he gets right.

He goes to twitter and ask his twitter Friend Trader knight he ask him that should I buy nifty at 13500,

Nikita Poojary
@niki_poojary

#NIFTY

Bearish engulfing on monthly or bullish harami on Weekly , which one will play out?

Outlook for the week Jan 2 - 6, 2022.

THREAD: Deconstructing NIFTY on 5 different TF's.

#NIFTY

1. Monthly TF:

• Although the structure in monthly TF is of HH-HL, December monthly candle is a more of a bearish engulfing.

• However it is exactly at the support

• 17800-18000 looks like a strong support.

#NIFTY

2. Weekly TF:

• 17800- 1800 used to be a resistance in April & August 2022.

• However post BO of those levels, they might act as an immediate support.

• Current weekly candle is closer to the support (erstwhile resistance)

#NIFTY

3. Daily TF:

• After a sharp vertical fall, we expected a buying momentum

• Also Nifty filled the Gap.

• Strong support at 17800

#NIFTY

4. Hourly TF:

Moving within the rising channel, albiet the channel is quite steep.

Varsity
@ZerodhaVarsity

A 🧵on the basics of block and bulk deals.

Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.

A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.

Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:

Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM

Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.

Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL

https://t.co/g9BbHiEag3

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How did I go from a busily scheduled life to one with substantial unstructured time?

1/ More creating, less consuming

I stopped obsessive mindless scrolling and started creating. Instagram for artworks. Twitter for thoughts. Unsubscribed from other apps. Saved a LOT of time.

2/ More deep focus, less context switching

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Jaya_Upadhyaya
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SRI BANASHANKARI AMMAN, BANGALORE
#bharatmandir

Located in Southern Bangalore, this is one of the most popular places of worship in Bangalore City.
Devoted to Devi Banashankari, this shrine is visited specially during Rahukala which is believed to be an unfavorable time.

Somanna Shetty, a great devotee of Devi, brought this murti from Badami’s Banshankari Amma Kshetram.
It is said that many years ago, three ladies visited this shrine and requested the pujari to conduct puja for them. Since it was the inauspicious rahu kaal, the pujari refused.

However, upon their insistence, he conducted the puja. When he returned with prasadam, the ladies vanished. This made the people believe that they were none other than the Devi herself. Since then, the people perform poojas here during the Rahukaal.
@GunduHuDuGa

People use lemons as a diya. Lemons are cut from the centre and their pulps are removed, for pouring oil in them.
It is strongly believed that Devi removes all the troubles from the life of her devotees during the Rahukala although it is considered inauspicious for any pooja.

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۞🐚۞
@DRenaissancMan

NĀRADA & HIS BHAKTI-SŪTRAS :
Bhakti – Love Divine :-
Of Love Divine (Sūtra 1 to 6)

All our philosophical textbooks are written out by the great 'rishis' and 'thinkers' in the form of sūtras.
The term, ‘sūtra’, means ‘string’ – the string on which the arguments &
#Thread

thoughts are strung together to become an enchanting garland of ideas.
This is the philosophy of devotion, of love for 'Paramatma' stands today attributed to the Devarṣi Nārada.
He works everywhere as friend, philosopher and guide, to all devotees.
Let's begin the journey !

NĀRADA & HIS BHAKTI-SŪTRAS :
Bhakti – Love Divine :-
Of Love Divine (Sūtra 1 to 6)

Sūtra 1
अथातो भक्तिं व्याख्यास्यामः॥ १॥
Now, the doctrine of devotion we shall expound.
After having developed all the qualifications necessary for the practice of devotion (atha), the student

feels no spiritual satisfaction, and therefore (ataḥ), he must now diligently walk the path of devotion. According to Rāmānuja, the teacher of viśiṣṭādvaita, there are seven qualifications necessary in a seeker who plans to pursue devotion. They are:

(1) Discrimination in food (viveka), (2) Freedom from desire (vimukha), (3) Practice (abhyāsa), (4) Habit of doing good to others (kriyā), (5) Purity in thought, word and deed, non-violence, charity, and such other virtues (kalyāṇa), (6) Cheerfulness (anavasāda), and (7) Absence

Novid Houellebecq (Tha...
@GarouGothic

I want to explain what happened to tumblr overnight. And why Twitter as reached it's dream (or have come ever so close to it)

Yahoo, who bought Tumblr years ago, used to have a huge adult presence on the early net. They allowed adult groups and what not.

However, people and bots (just like now) misused the service, and Yahoo were forced to make a choice. They made private the groups (and later closed them down and sold some of it to other companies) and then ended their chatrooms on yahoo messenger...

after a incident with one of the chatrooms vid cams. The damage was done, Yahoo Messenger lost a lot of people - and with the closing of the groups - backpage and Craigslist came more important.

Now backpage is no more and Craigslist is slowly passing away. Tumblr had a semi strong community, but once 2014 came around and both porn, and political bots exploded the quality started to go down,

Nick Kapur
@nick_kapur

A thread of images from a Japanese illustrated history of America from 1861.

Here is George Washington (with bow and arrow) pictured alongside the Goddess of America. 1/

Here is Christopher Columbus (seated at center) reporting his discovery of America to Queen Isabella of Spain.

So far, kinda normal, but wait for it.... 2/

Now it's the American Revolution. Here is George Washington defending his wife "Carol" from a British official named "Asura" (same characters as the Buddhist deity). 3/

And here is Washington's "second-in-command" John Adams battling an enormous snake. 4/

Here is Washington and his wife "Carol" meeting an extremely youthful Benjamin Franklin, who has an impressive squat. 5/

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