Discover and read the best of Twitter Threads about #Learn2Trade
Most recents (4)
Why most people lose in stock market?
We have heard 95% people lose money, lets look at the reasons for their losses!
A Thread 🧵🧵🧵
We have heard 95% people lose money, lets look at the reasons for their losses!
A Thread 🧵🧵🧵
👉 Investing or trading based on emotional bias
Taking trades on emotional bias is sure shot way to lose. It should be supported by data. Fear, Greed and Bias often drive the trading decisions.
Taking trades on emotional bias is sure shot way to lose. It should be supported by data. Fear, Greed and Bias often drive the trading decisions.
👉Risking more than what they can afford
We have to risk only what we can afford lose in the market. Our risk in a trade should not be more than 1% of capital.
We have to risk only what we can afford lose in the market. Our risk in a trade should not be more than 1% of capital.
A thread on evolution of my Relative Strength theory.
I was an active trader till 2013 before I decided to become a passive trader. I found swing trading (apart from investing) to be the best strategy for me since I was also involved in other business initiatives.
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I was an active trader till 2013 before I decided to become a passive trader. I found swing trading (apart from investing) to be the best strategy for me since I was also involved in other business initiatives.
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I read many market books in 2013-14 and attended many paid training sessions.
And finally adapted Relative Strength model for my journey.
The starting point of RS was simple graph of Price of Nifty by Price of Stock. Objective was to identify strong stock visavis market.
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And finally adapted Relative Strength model for my journey.
The starting point of RS was simple graph of Price of Nifty by Price of Stock. Objective was to identify strong stock visavis market.
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This simple technique worked fantastically till 2016 before I realised that there is need of improvisation.I developed the model further and filtered stocks based on this:
Any stock outperforming market for 1W as well as 3M is strong.We developed the scan in @mystockedge
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Any stock outperforming market for 1W as well as 3M is strong.We developed the scan in @mystockedge
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A thread on Price action and how to identify stocks showing strong price action.
For me price action is when you answer the What,When,Why,How and Where of price movement of any underlying.
Its a language you use to communicate with the underlying.
Key Parameters thread
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For me price action is when you answer the What,When,Why,How and Where of price movement of any underlying.
Its a language you use to communicate with the underlying.
Key Parameters thread
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Short term price action is judged when the underlying is crossing precious day high or low. Why last day action is important?Because there are enough short term traders who act at these levels,especially if that day had lots of activities showcased by volume and delivery.
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Monthly high, low, close are again important as the stocks are typically evaluated on monthly basis for mid term performance. Operator building large positions will react when market breaches these critical levels.
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Super excited to see many participants for my #Learn2Trade quiz. Earlier I wanted to give top 25 special reward. Because of large number of participants, the winners of reward is now 50.
Here is the thread with names of the winners.
Here is the thread with names of the winners.
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