BC TRADING
Saved by @SteveeRogerr

Worried about the stock market?

Is this really the top?

Pull up a (virtual) chair and let’s chat 🪑

👇

 So. Things are getting a little crazy out there.

TikTokers are spewing financial advice.

Carole Baskin is peddling penny stocks.

Everybody’s like “OMG my mom’s-best-friend’s-cousin made so much money in the market, c’mon it’s so easy!”
Makes you feel a little like this, right?
(couldn't resist the Zoolander reference)
Anyways,

Your portfolio is up, but Wall Street is throwing around the b-word (bubble) and you’re afraid it’s about to pop.

What do you do now?
First, you need to BREATHE. Don’t make any rash decisions.

You don’t know if this is the top. Nobody does.

Here's a dirty little secret: even the smartest Wall Street investors have a terrible track record with calling the top.
Why? Because 99% of all record highs haven’t been the top.

There were 1,150 $SPX record highs from 1950 to mid-December 2019.

Only 13 of those record highs weren't followed by another record high in the next 12 months.

https://t.co/27OBXsX1UF
OK, so you're not gonna call the top here. Good.

But you don’t know what happens next.

You can’t control the future, but let’s focus on what you CAN control.
Do you need your invested money soon (like in the next five years)?

If you do, then maybe you should take some profits. Don’t get greedy.

If you sell, consider putting those profits in more conservative assets, like bonds or cash.
BTW, I like this piece from @dollarsanddata on knowing when to sell in a crazy market:

https://t.co/d1ZzjuY8zm
Are you able to wait a few years? Then it make may sense to be patient and stay invested.

Market drops are painful, but stocks have always bounced back.

Since 1950, bear markets (20% drops) in the S&P 500 have taken an average of 25 months to recover.
FYI: The S&P 500’s tech bubble market recovery took about 5 years.

The financial crisis recovery took 4 years.
That sounds hard, though.

You can’t stomach a big drop in your investments!

Have some perspective.

The S&P 500 has rallied 70% since March, and is now 13% above its pre-pandemic highs.

We've come a long way.
If you’re truly worried you’ll make a rash decision and sell in a market slide, then consider diversifying.

Add some conservative assets (bonds, cash) to your portfolio.

They could help soften the blow if stocks get hammered.

https://t.co/FzX1EBMiX2
Feeling better? I hope so.

Selloffs can be scary, but the best investors know how you react to them is what truly matters.

You’ve got this 👊

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There is no shortage of takes about what's going on with Gamestop (and other surging stocks), Robinhood and Reddit's r/wallstreetbets, many of them contradictory - at least on the face of them. But I think it's possible for most of these takes to be right. Here's how.

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First you need to understand the underlying mechanics of the story. Stock markets are fundamentally a way of making bets, including bets on the outcome of other peoples' bets, and bets on the outcomes of THOSE bets.

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A dedicated trader can learn all this in few years & it is something which is 'obvious' to become successful. But majority can't reach this level, as this also requires consistent hustle in live markets. All the seminar/webinar business teaches you till this level only.(4/n)

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A thread on Pyramiding-


What is pyramiding?

In pyramiding we add on to a position when it is going in our direction. Its basically opposite of averaging down.

MOMENTUM - Success of a pyramiding trade depend on this ingredient, the more the momentum the better pyramiding.


There are many way to enter and exit in a stock-

1. ALL IN - ALL OUT
2. ALL IN - SCALE OUT
3. SCALE IN - SCALE OUT
4. SCALE IN - ALL OUT ( I use this one)

Why traders use Pyramiding ?

More than anything what pyramiding do is keep your losers small and your winners - Big.

Pyramiding in my view keeps your dd smaller as your losers are very small because you enters with only a fraction of what you would have entered Normally.

BUT, not necessarily it should be more profitable than ALL IN- ALL OUT, Where one enters all at once and sell all at once.

HOW TO DO PYRAMIDING-

There are various methods which are used by traders for pyramiding ,while keeping the basic concept of adding onto the strength.

1. PYRAMIDING AND TRAILING BASED UPON STRUCTURE-

In this method we scale in or pyramid the qty when the stock breaks above
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Price + Open Interest (OI) + Volume = Deadly Combo

There are many tools for Open Interest. Options Decoder from @TrueData2 is one of the simple yet powerful tools on options and OI.

Below are the 10 Powerful Features of Options Decoder

Thread 🧵🧵

(1/N)


#1 - PE CE Difference

This feature combines the OI of call options and put options and plots against each other.

At one glance, we can know what big players are doing!

(If they are selling more CE means, they are bearish on the underlying instrument)

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#2 - Advance/Decline

This feature displays all the F&O stocks in one place.

In one click, we can see the stocks in any order (like an increase in price, increase in OI, or decrease in volume, etc).

A highly useful feature for options traders!

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#3 - Open High

This feature displays all the strike prices that have an open high (or open low) for the selected instrument.

If many CE strikes show "Open Low", then the market is bullish!

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#4 - IV Price-OI Chart

This feature plots CE and PE vs. Open Interest (OI) for the ATM strike price.

Always Remember:

CE Long Build Up + PE Short Build Up = BULLISH

PE Long Build Up + CE Short Build Up = BEARISH

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TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

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Kinda like how I did in the picture below.
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