AN IMPORTANT THREAD 🧵👇

What is Ascending Triangle ??

A Detailed Thread on Ascending Triangle as continuation pattern with graphical examples.

Retweet to help others and beginners and if you want it every weekend !
@caniravkaria

Squeeze Candidates !

1- Sail
2- Hemisphere Prop
3- Bayer Corp
4- Aarti Drug

Keep on Radar.
High Risk:Reward Candidates!

Breakout Soon Candidates!

1- Fortis Healthcare
2- Bajaj Holding
3- Navin Fluorine
4- Tech Mahindra

Keep on Radar.
Getting Ready for Breakouts!

Top leanings from the life of Jesse Livermore (legend of trading).

A detailed thread 🧵👇
#LearnWithChartmojo #stocks #trading

(1/16)

"Successful trading is always an emotional battle for the speculator, not an intelligent battle".

Managing emotions is considered to be the most difficult task. Calmness combined with patience in the chaos leads to success.

(2/16)

“It is what people actually did in the stock market that counted – not what they said they were going to do".

A trader cannot stick to his/her words and continue. Rather they have to change their colors like chameleon considering the market situation to earn profit.

(3/16)

“If you can’t sleep at night because of your stock market position, then you have gone too far".

One should know their capacity to handle the position. Oversize positioning might lead to an imbalance of mental health by creating mental pressure.

(4/16)

“The trend is your friend".

All traders should fit this in their minds and should never go against your friend. Rather it will help a trader to achieve the targets by just following the trend.

A Mega Thread on Price Action Trading!🧵👇

#LearnWithChartmojo #stocks #trading

1/13

Have you ever felt a lack of research as a cause of losing money?

Get out of the trap by focusing on price action and following the market to make money from smart money’s research.

2/13

As suggested by the name, price action is the plot of a security’s price movement over a particular period.

Traders use this data to understand the temperament of the markets to make money trading profitably.

3/13

Price action trading is a widely used trading technique that relies on reading, analyzing, and interpreting the price movement of a particular security and the subsequent patterns formed due to it.

4/13

In its essence, price action trading capitalizes on the crowd mentality inherent in the markets and the consequent repetitive price behavior. It provides a psychological edge in its leading nature.

Bullish Flag Pattern Simplified!

✅ Bullish Continuation Pattern
✅ Short Term Chart Pattern
✅ Most Occurring Pattern
✅ Trend will be Continued

Do Spread the word to help us educate Beginners & Others!

#LearnWithChartmojo

OK, I guess I have a thing to say about the stock market. I have done kind of what these Reddit folks are doing with it, in that I have invested in the stock market when I was not at all rich, using parts of my paycheck that it probably wasn't wise to risk. I don't now. (thread)

But, like, it worked out okay for me. I even shorted some stuff. I didn't coordinate with anyone or whatever, but I don't think on the individual level the stock market is *inherently* malicious. If you're privileged, you're going to be exposed to it (through 401ks, etc.)

And I don't think it's wrong for people to try to make money off of it outside of the 401k/retirement context that's socially normal, *especially* if they're desperate like I was. There *are* strategies that you can use that, while risky, aren't exactly like gambling

Like, gambling is risky in a different way. You are always working with a fairly consistent set of probabilities in gambling, and they're never in your favor (outside of grey area gambling like between friends, where you could hypothetically actually still card count)

Anyway, like, on shorts: I don't think they're evil. I think they're dangerous. For an individual, a short always carries a small risk of individual bankruptcy. There's USUALLY not even a huge upside to them; they're not mystical or magical, they're basically reverse "longs"

Knowledge sharing initiative Book 3: "Zurich Axioms" by Max Gunther

The book crystallizes how to think about taking investment bets (position sizing), and how to reduce risks in investing & speculation. It focuses on teaching a balance between rewards & risks.

(1/n)

Here are the key takeaways from the book:

1. Take sizeable bets in life: Taking small bets will give you a good night's sleep as you have very little to lose, but the important point is "it won't ever make you rich".

(2/n)

2. Taking size-able risk is necessary to get rich but make sure you don't go bankrupt taking that risk.

3. Don't diversify too much as gains & losses will nullify each other.

(3/n)

4. Be less greedy to make money - Book some profits when you see a sudden huge increase in wealth - fear of regret will stop you from booking profits but don't be greedy as consistent streaks of lucks are rare in life.

(4/n)

5. Cut losses when you go wrong don't start praying that your losses will recover rather act quickly take some loss and sell out.

(5/n)

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.