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#WeekendLearning
आज का भ्रम ज्ञान
Some of my friends do back testing on Open- High-Low-Close of 10-12 years of past data to ascertain the range for options selling and come with a hypothesis.
Yeap, results seems to be good but it won’t result same when you board the same trade
Now let me share a simple Hypothesis:-
Every day EOD at 3.27 Sell ATM straddle, close next day 3.25 and sell next day & Keep on....
-> Always mind Position sizing because it’s need overnight Risk.
By doing same too, you would make good almost 80%+ days.
There is only 03 things which can go against you
-> Big Gap up /Down
-> Nirmala Candle days
-> ViX started sky Rocketing
Read 15 tweets
#weekendlearning
"Whatever you do in life, it should b done by choice, not by compulsion"

Same goes well with long term investors too.
U should holds stocks because u believe in company sound management or monopoly or product moat, not because u are in loss with them...
The only indicator which I found trustworthy is none other than

" Volume "
Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns. Practice only few patterns and master in it rather than trying to learn all the patterns and techniques.
Read 4 tweets
Simplifying Trend Trading

Based on my experience I have collected some thoughts & prepared this one pager to help you spot a trend, ride, enter, place stop loss & define target. Enjoy!

Zoom the setup image for high resolution!

#WeekendLearning
#TradeWithPAL
#LearnWithPAL
There is a small correction in the "How to ride the trend" section hence uploading the corrected version of the Trend Trading setup page. Please ignore the previous one & use this one. Thanks!
Read 3 tweets
A beautiful textbook type H&S pattern is developing in #Ashokleyland. Recent rise to 123 levels are rejected & below 100 it may travel to 30. Setup invalid on the close above 125 #PriceAction #WeekendLearning @sanstocktrader @Amit_Gulecha @rachitpjain @CAtLarge @ravi_mehata
#ASHOKLEY below 108 can head towards 105 & 102 in coming days. Price Action not supporting the higher prices as huge supply is present between 111-115 zone. Keep it on your watch-list! #PriceAction
#Update on #ASHOKLEY

Head & Shoulder pattern is working exactly the way it should. Already given 14.5 points profit below 100 as it has made a low of 86.5

Hope you enjoyed the power of simple price action strategy!
Read 3 tweets

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