so many friends want to learn trend following & read multiple books
but today i made thread from knowledge shared by most experienced trend follower and best mentor for psychology & mindset
after studying tweets by @Trendmyfriends sir you don't need any book or strategy
1⃣
first of all start trading with any strategy you need to make proper sustainable business plan,
its include how it works
if its not work what to do
how you plan your whole execution
and for this you just need to study this 2 images shared by sir
how to make VAR
2⃣
first question in mind is what strategy to trade ?
did we have knowledge of any strategy ?
or we join any webinar or training for learn trend following strategy ?
this is 4 set-ups sir trade and recommend to trade for trend following
you don't need anything expects this.
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set-up in detail
Below is 100 years old Trading techniques, & none of Technical indicators can even come near to it.
The only issue is, only 1% of Trader in the world has the mindset to do it.
( words copied from sir's tweet )
4⃣
2'nd
1-Donchian channels (DC) for entry
2-Super Trend (ST for Sl/TSL.for entry only in case of MR or unwind move
3-ATR use for Pyramid n in certain case to see outperformance of the stock
4-CCI-Ranking n market breadth
5-Sector outperforms vs Nifty/Vol/OI- for Intraday/BTST
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