If you struggle with focus, read this:

Psychology thread

1. Eliminate distractions. 

Make a practice to block time in your schedule to do a specific task or activity.

Shutting off both internal and external disturbances can help you to concentrate.

2.Reduce multitasking. 

Attempting to perform multiple activities at the same time makes us feel productive.

It’s also a recipe for lower focus, poor concentration, and lower productivity. And lower productivity can lead to burnout.

3. Practice mindfulness and meditation. 

Meditation is the #1 exercise to increase your brainpower.

Stress clouds your thinking, so relieve stress with meditation. It’s easy!

4. Get more sleep.

Many factors affect your sleep.

A good laugh and a long sleep are the best cures in the doctor’s book. 
• Irish Proverb

🧵Easiest Trading Tool I Use

At just 23 years old I have figured out how to make 6 figures+ annually in the stock market

If I had to start from scratch how would I do it again?

This thread walks you through step-by-step the most simple tool I have mastered to make money 👇

Step #1: How to Identify Trends?

1.) Trend Patterns

🐂Bullish Trend: Higher Highs & Higher Lows

🐻Bearish Trend: Lower Highs & Lower Lows

2.) EMA/SMA Crossover

🐂Bullish Trend: 9 EMA crossed upwards 21 EMA

🐻Bearish Trend: 9 EMA crossed downwards 21 EMA

🎯SMA Trend Strategy:

Trend Patterns Example #1:

📈An uptrend is a sequence of higher lows and higher highs made on the chart.

📉A downtrend is a sequence of lower highs and lower lows made on the chart.

🎯If the market’s not trending, its consolidating (going “sideways”)

Trend Patterns Example #2:

🎯Prices very rarely move randomly (I'd argue they never do)

🎯Often mistaken by retail as market manipulation (MM's), when in reality it is just a PATTERN you have failed to recognize, see below

Little knowledge for small investors and traders.

#nifty50 #StockMarket #TradingView #investing

1️⃣ How to Develop a Trading Plan

2️⃣ The 4 Stages of the Market Every Price Action Trader Must Know

3️⃣ A Quick & Dirty Guide to Chart Patterns

4️⃣ A Quick Guide to Candlestick Patterns

Buyers vs Sellers

A simple technique to understand the index direction using candlesticks chart.

Intraday Trading Thread 🧵

Retweet to reach & benefit maximum traders

Scroll down 👇

Here i am just trying to focus on few candlestick formation and trying to understand buyers vs sellers at reference levels. In trading less is more

Type 1 - Buyers aggression
Type 2 - Sellers aggression
Type 3 - Full confusion

Follow stay away approach when you are confused

Chart 1. Looking at candlesticks formation at reference levels is way more better than looking candlesticks everywhere or every second

Scroll down 👇

Chart example - 2

Scroll down 🔻

Chart example - 3

Scroll down 👇

🧵Chart Patterns Cheat Sheet🧵

The 13 Most Important Ones to Watch For 👇

$SPY $QQQ

1️⃣ Ascending Triangle: This is a bullish pattern that hints a breakout is likely where the triangle lines converge. To draw this pattern, place a horizontal line (the resistance line) on the resistance points and draw an ascending line (the uptrend line) along the support points.

2️⃣ Descending Triangle: Unlike ascending triangles, the descending triangle represents a bearish market downtrend. The support line is horizontal, and the resistance line is descending, signifying the possibility of a downward breakout.

3️⃣ Symmetrical Triangle: Two trend lines start to meet which signifies a breakout in either direction. The support line is drawn with an upward trend, and the resistance line is drawn with a downward trend. Even though the breakout can go either way, it typically follows market.

4️⃣ Pennant: These are represented by two lines that meet at a set point. They are often formed after strong upward or downward moves where traders pause and the price consolidates, before the trend continues in the same direction.

HOW TO ADJUST A SHORT STRANGLE?

Gone are those days where a short strangle used to expire worthless without any adjustments.

Adjustments are a must when your initial view goes wrong which it will.

Listing down all the ways to adjust a short strangle WITH EXAMPLES below.

1: Rolling up/down:

If you've sold a short strangle and one side premium spikes, you can book the profitable side and roll it up to match the premium of the other side.

eg: If you've sold a 60rs call and a 60rs put. If the 60rs call goes to 100. Then book profits in put and sell a 100 pt put.

This is the most basic way of adjustment.

2: Rolling the losing side:

It's very similar to the above adjustment however, we will consider shifting the losing side instead of profitable side.

eg: If you've sold 50pt call and 50pt put. If the 50pt put spikes up and goes to 120. Sometimes, I wouldn't want to sell a 120 pt call.

Hence, I simply book loss in the put and sell a new put worth 50pts which is farther away from the previous put.

90 million active demat accounts in India.

Less than 1% understand Fibonacci retracement.

This mega thread will help you understand better—starting today:

Collaborated with @AdityaTodmal

1/What is Fibonnaci (Fibo) retracement?:

•Fibo retracement levels help us to identify potential reversal area or identifying potential entry point after a pullback.

•It represents various levels of significance within a swing high and low.

2/How to plot the Fibo?

•Spot the recent swing high & swing low (usually a peak & a low) on a chart.

•Plot the Fibo on these points.

•You'll get 5 key levels of support & resistance (S/R) in between the peak & low.

•Key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, & 100%.

3/ Importance of retracement levels:

• The retracement level forecast can determine the level at which retracement is likely to occur.

• These retracement levels offer traders a favourable entry to open new trades in the direction of the trend.

4/ When to apply Fibo:

•Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.

•Applying it in range bound markets would turn out to be a futile exercise.

**MARKET WIZARD** ALERT

MARK D. COOK --- Farmer/Broker
& A Option Buyer

A thread in Collaboration with @kalpeshmewada49

MARK D COOK has a very interesting market story.

He was first fascinated with markets as he had some quick easy money options buying successful trade(1978)
Then he blew his entire capital on Options that expired worthless

For more Doses of Market Wizards follow
@WisdomsWizards

After that, he made lots of money selling options(Short straddle) and then blew all and much much more over a single trade(1982).

At the time of Stock Market Wizards(2001), he was USIC champion as an Option Buyer with annual returns ranging from 30% to 1400%

Let's find out how

He took a break from trading after the 1982 debacle and started again in 1984

His first big profitable year was 1986.
In 1986, he began keeping a 'daily trading diary'.

Every day he wrote down recurrent patterns that he noticed in the market.

One indicator he developed is what he called - "tick", which is the number of New York Stock Exchange stocks whose last trade was an uptick minus the number whose last trade was a downtick. When the market goes
up, the tick will be +=VE, and when it's going down, it will be --Ve.

Important Concepts from Power of Stocks— Subhasish Pani

7+ years of trading experience in 14 tweets🧵

Collaborated with @niki_poojary

1/— Inside Candles

Inside Candle, breakout strategy has very good accuracy.

There are two candles in the inside candle, the mother candle, and the baby candle.

He trades the breakout of the high/low of the baby candle with the opposite level as a stop loss.

When to pyramid the trade if it goes right?

The next level to add more quantity is the mother candle's high or low, depending on a breakout or breakdown.

The stop loss will remain the baby candle low during a breakout and vice versa during a breakdown.

2/— Big Gap up

If the market is bullish, next day if it opens a big gap up then the buyers are already in profit.

Most traders don't want to see their MTM reduced in such times.

Wait for the first red candle and short the first 5 min red candle with a day high stop.

The R:R is too good in such setups.

There are multiple videos of him catching the day high with this setup.

Everyone's looking for selling puts and he makes money selling calls.

Give me 2 minutes and I’ll show you an exercise to help you find your purpose.

The exercise is called Ikigai.

It is said to find your life’s worth or purpose and is widely used.

It has also played a role in Japan having the second highest life expectancy in the world.

Let’s break it down.

Ikigai can be split into 4 categories.

What:

• You love
• You are good at
• You can be paid for
• What the world needs

1. What do you love.

When asked, most people will tell you that they have never stopped to think about this because they live such busy lives.

This could be a hobby you get excited about or possibly the feeling of helping others.

There are no wrong answers.

2. What you are good at.

Take out a pen and paper and jot down everything you feel you are good at doing.

As humans we tend to undervalue what we are good at because we assume that there are others better than us.

Remember done is better than perfect.

Google sheets is used by almost 99% people in the world 🌎

Most people don’t know how to use it for TRADING and INVESTING purposes 📖

10 features everyone should know :

How you can use some secret features of Google Sheet and Google Finance in your trading together?

5 things that a trader should know and implement:

GOOGLEFINANCE(ticker, [attribute], [start_date], [end_date|num_days], [interval])

Above function is a basic one.

Let's decode each parameter in this:
1. Ticker: This is the symbol of the stock.

"NSE: RELIANCE" is the ticker for Reliance Industries

2. Attribute:
The attribute to fetch about ticker from Google Finance and is required if a date is specified.

Following data can be fetched:
-Open
-Close
-High
-Low
-Volume
-Market Cap
-Price (Ltp)
-52-week high
-52-week low
-Change in price

3. Start_Date (Optional): The start date when fetching historical data.

4. End_Date|Num_Days (O): The end date when fetching historical data, or the number of days from start_date for which to return data.

5. Interval (O): The frequency of returned data; either "D" or "W"

Little knowledge for small investors and traders.

#investing #StockMarket #Nifty #Trade
#trading
1️⃣What is a double bottom pattern and how to trade it.

2️⃣How to trade the ascending triangle pattern breakout

3️⃣Trading styles and other factors to consider while trading.

4️⃣ How to use 5-8-13 DEMA for intraday trading.

5️⃣ And most important follow me for more such information 😊😊

Check out KAPIL PANDEY (@KapilPa40331042):

JESSE LIVERMORE is considered the greatest trader of all time.

He was the richest person in the world during his time.

I've read majority of his books and picked out learnings which are relevant even today with examples of the current scenario.

1: Remember that stocks are never too high for you to begin buying or too low to begin selling.

This principle still holds true today in trading, especially trend following.

Most people think if a stock has run up too much, then it's price is high and it will reverse.

But a trader should always be on the right side of a trend.

For eg: Asianpaints has been making new highs constantly, the major money would've been by the people who were on the right side of the trend i.e long.

Never buy it just because it has fallen too much. Instead short it and make money.

2: “Being a little late in a trade is insurance that your opinion is correct.”

It's okay to enter in a trade after you have received confirmation from the market.

Trading after confirmation will make your sacrifice your profits but it will also protect you against the loss

VOLUME is the ultimate Trading cheat code.

But, most people never use it in the right way – because no one ever taught them how.

Here are 10 psychological triggers to knowing Volume in a better way :

Traditional idea of Volume:

- if the price increases with an increase in volume, it is BULLISH
- If the price is increasing without volume, it is BEARISH
- if the price is falling with an increase in volume, it is BEARISH
- if the price is falling without volume, it is BULLISH

But this doesn't hold good every time!

Let's look at some examples.

Ex #1: Tata Consumer (Daily Chart)

Here the price has gone upside from 640 to 780 without any increase in the volume!

Ex #2: Axis Bank (Daily Charts)

Here the price has gone up from 420 to 580 without much increase in the volume.

Do you think it can happen only in an uptrend?

Look at these charts!

Ex #3: Reliance (Daily chart)

Reliance fell from 1620 to 1300 without an increase in volume!

Trading on chart patterns is difficult, Until you see this:

Free Technical Analysis course (1/10) 🧵

Rounding Bottom or U Pattern or Saucer all are one and the same with different names and it is a bullish pattern.

Technically, it can be used for both continuation trades in an existing uptrend and reversal trade as well in the case of the downtrend.

Now how we trade rounding bottom pattern?

We try to find out stock that has the pattern but has not given a breakout above the neckline.

Generally, we have observed that majority move happens on breakout itself hence; we keep this stock in the watchlist just before breakout.

What does this mean?

Basically, we look out for the charts where price is consolidating just below the neckline or resistance.

As seen from the below chart where price was consolidation just below the resistance before the breakout and massive upmove.

Also, you would lot of Rounding Bottom Patterns when a stock is in uptrend. That's why this pattern is also called a bullish continuation pattern.

In below chart you can see 4 Rounding Top pattern in an uptrend for a stock.

Short Straddle is the highest payoff strategy.

However it comes with undefined risk.

Most traders don't know when & how to adjust the short straddle when it goes wrong.

Here are 16 adjustments to lower risk & increase profitability:🧵

Collaborated with @AdityaTodmal

1/ Longer-term short straddle:

• Helps in getting a big range: trade in biweekly, monthly, or far months.

• The only drawback with longer term straddles is the slippage.

• Also go for round levels both in NF and BNF as they have better liquidity.

2/ Weekly expiries will have short range:

• Leading to higher risk.

• Would require frequent adjustments.

3/ When to sit tight?

• As long as the underlying is between the breakeven point of the Short straddle, we do nothing.

• Don't adjust till breakeven comes, simply sit tight.

• Adjusting a short straddle typically brings in more credit, which increases the profit potential.

4/ When does a short straddle come into loss:

• The moment the underlying price moves towards one end of the breakeven point, your short straddle will be in loss.

• Adjustments would require additional funds, so don't go all in with your capital for shorting straddles.

1) What is #Dow Theory?

• Dow Theory is a trading approach developed by Charles Dow who is also known as the father of Technical Analysis. It is still the basis of technical analysis of financial markets.

• The basic idea of Dow Theory is that market price action reflects all available information and the market price movement is comprised of three main trends.

• Most of technical analysis theory today has an origin from ideas proposed by Dow & Edward Jones back in 19th century

Those ideas were published in the Wall Street Journal and are still assimilated by most of the technicians.

• Dow Theory still dominates the far more sophisticated and equipped modern study of technical analysis.

2) The 6 tenets of Dow Theory

1. Market moves in summation of three trends: Primary, Intermediate & Minor Trend.

2. Market trends have three phases: For uptrend, the phases are Revival of confidence (accumulation), Response (public participation),Over-confidence (Speculation)

The three defined stages of the Primary Bear Trend are Abandonment of hope (Distribution), Selling on decreased earnings (doubting), Panic ( distressed selling ).

3. All news is discounted in the stock market.

THREAD: Top 10 most useful screeners you can use:🧵

Collaborated with @niki_poojary

1/ 15-minute stock breakouts —(Intraday)

Identify strong support/resistance levels for market hour trading.

Link

2/ Bullish for next day

Buy tomorrow during market.

Link

3/ Intraday buying seen in the past 15 minutes

Stocks rising higher with increasing volumes for the past 3 candles on a 5 minute chart.

Indicating fresh buying which hinting further upside, for btst & swing trade.

Link

4/ Volume shockers (stocks with rising volumes)

Stocks that have seen a sudden rise in their volume by over 2x times the average volume over the past 10 trading sessions.

Also have gained or lost more than 5% today.

Link

NEUTRAL STRATEGIES

If market is sideways, These strategies can be deployed

Retweet for max reach!

A Thread 🧵🧵🧵

If our view is sideways or market is moving sideways, it is not good for option buyer. In that case we use this OPTION SELLING STRATEGIES to benefit from the sideways market

SHORT STRADDLE

In this strategy we sell ATM CALL OPTION and PUT OPTION with the same underlying INSTRUMENT, same STRIKE PRICE and same EXPIRY DATE

We receive premium, we benefit from the premium decay. Theta is our friend in this strategy.

The combined premium we receive, added to strike price becomes our upside break even

When the same premium is subtracted from the strike price becomes our downside break even

As long the underlying trades in this range, we benefit from the THETA DECAY and becomes our profit.

The huge risk is overnight carrying of the position. We never know when the market open LC because of BLACK SWAN events.

pay off chart for your reference

Most team meetings are a waste of time.

7 dead-simple tips to make yours good:

Team meetings are a staple of work life.

At their best, they’re highly valuable.

At their worst, they:

• Lack focus
• Lack structure
• Waste your time

I’ve run many good ones (and bad ones).

Here are 7 tips to help make them better:

1. Rotate ownership

The leader doesn’t always need to lead.

Rotate who runs each team meeting.

The benefits:

• Keeps the meeting fresh
• Helps your team build skills
• Encourages new ideas + voices
• Drives engagement + ownership

My team meetings immediately improved.

2. Educate beforehand

Too much meeting time is spent educating.

That should be done in writing beforehand.

Require an email 24 hours prior that covers:

• Topic
• Context
• Why it’s being discussed
• Desired outcome of discussion

This alone can cut meeting times in half.

3. Focus on outcomes, not time

Meeting agendas often focus on time.

• Discuss marketing budget (15 mins)
• Review new product (30 mins)

Instead, focus them on outcomes.

• Decide marketing budget
• Make decision on feature

When outcomes are achieved, end the meeting.