BC TRADING
Saved by @vsamk

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
Gurleen
@GurleenKaur_19
#NAUKRI Update
6718.35📍

Three white soldiers with strong closing's one above the other.

The pattern target lies at 7200 levels.

#stockmarkets https://t.co/Pex4mVNKS5
NAUKRI
Gurleen
Gurleen
@GurleenKaur_19
#BSOFT
The price is bounded by a significant support & resistance level backed up a prior trend.

A continued breakout above 465 and sustenance above the same would trigger 480 followed by 510.

#StockToWatch
BSOFT
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Gurleen
Gurleen
@GurleenKaur_19
#TITAN
Mid trend consolidation followed by resumption of trend.

Broken past the horizontal barrier at 2134 and support intact at the breakout level.

Potential upside towards 2250 followed by 2400 can be seen.
TITAN
Gurleen
Gurleen
@GurleenKaur_19
ICICI BANK

With the PRZ at 810.80
Might see a drop towards 772-780 levels.

Invalidation- Closing above 810.80
ICICIBANK
Gurleen
Gurleen
@GurleenKaur_19
TVSMOTOR

The price has now reached Point D and looks ready to take a dive from here.

Avoid fresh longs here. https://t.co/JpzNfzNRW1
TVSMOTORLONGTERM

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FEAR - It’s the re-experience of failure in advance.

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.
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Emperor\U0001f451
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@EmperorBTC
Technical Analysis Masterclass- Part 2

'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.

Please share.

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
3. Target

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.
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Aditya Todmal
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@AdityaTodmal
DJ @ITRADE191 multiple chart analysis for INTRADAY TRADING.

1. Core setup
2. Pivot points trades
3. PDH/PDL trades
4. Open interest addictions combined with rejections on charts.
5. Website to confirm bias

Very quick read.

Share if you liked for the benefit of everyone.

•Main setup of @ITRADE191
He used this setup daily for all trades.

1. EMA crossover 10/20
2. Supertrend 10/3
3. Vwap
4. RSI >


•Volume always greater than


•Candle Rejecting from


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@JigyasuInvestor
Saturday Thread Time.
Re-Read interview of Ed Seykota from @jackschwager
book "Market Wizards". It's the most philosophical interview among all interviews. Needs to re-read it over and over.
@vivbajaj Sir, a re-tweet would be highly appreciated.

1. Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible

2. The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

3. The profitability of trading systems seems to move in cycles. Periods during which trend-following systems are highly successful will lead to their increased popularity.

3.1 As the number of system users increases, and the markets shift from trending to directionless price action, these systems become unprofitable, and undercapitalized and inexperienced traders will get shaken out. Longevity is the key to success.

4. In order of importance to me are (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell.
TRADING
Aditya Todmal
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@AdityaTodmal
Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵 Weekly Bank Nifty Analysis for 8th December Expiry:


To form a view, let's have a look at:

1. Multi-timeframe Technical Analysis
2. Option Chain Data

Also, 3 strategies to deploy for:

1. Aggressive Traders (2.6%)
2. Moderate Risk Traders (1.3%)
3. Low-Risk Traders (0.8%)


1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

• Weekly charts.
• Daily charts.
• Hourly / 60 min charts.
• 15 min charts.

1. Weekly-

• The market has given 4 continuous green closes, so not expecting a big momentum on upside.

• This week my view is that it can take a pause.

• Longer term trend is super bullish.

• Any dip will towards 41800 will be a retest, and should be used to go long.


2. Daily:

• Candlestick pattern—Hanging Man

• Chart Pattern—Breakout Failure

• A pin bar candle is very powerful but only after a downmove.

• Here it forms near the top of upmove.

• Means some sellers are present. Below 43000 can sell calls above 43600 for the week.
TRADING

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