Discover and read the best of Twitter Threads about #trading

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A thread between normal divergence and hidden divergence between price and RSI (Relative Strength Index)

If you find the thread useful, please feel free to like and retweet

#trading #investing #technicals #RSI
A NORMAL divergence (henceforth, I will simply call this as divergence) occurs when RSI is at an EXTREME (around 70 & above or 30 & below). It is a REVERSAL pattern, wherein you trade against the direction of the larger trend
A HIDDEN divergence occurs when RSI is typically around the CENTER (around 40 to 60). It is a CONTINUATION pattern, wherein you trade in the direction of the larger trend

The concept of Hidden divergence was introduced by Andrew Cardwell, a renowned global authority on RSI
Read 19 tweets
Why do you keep losing?

A new post that fleshes out an approach to trading from first principles... [thread]
tendex.substack.com/p/firstprincipโ€ฆ
Key highlights of the piece include a focus on six core planks that reside under the rubric of two overarching categories: quantitative (mathematical) factors & qualitative (psychological) factors. These planks are intimately related and support one another interchangeably...
The quantitative (or mathematical) planks:

1) R-factor (reward-to-risk ratio or payout structure)
2) Win rate (or the frequency of loss)
3) Edge (the positive expectancy of a process over time)
Read 4 tweets
Confused about various tweets mentioning #Nifty levels like back to 12k or next leg upto 21k etc?

Here is my solution:

(1/n)

#StockMarket
Nobody, I repeat nobody with their projections knows if NF will hit 21k or not. All the price projections tools like fibs, cycles, fans, waves are just that. "PROJECTION" tools.

(2/n)
At all time highs, they are not backed by actual supply/demand running in the market in unchartered waters. How can someone call 21k resistance when price never touched 21k and did not see selling?

(3/n)
Read 7 tweets
๐— ๐˜‚๐—น๐˜๐—ถ๐—ฝ๐—น๐—ฒ ๐˜€๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ ๐˜„๐—ฎ๐˜๐—ฐ๐—ต๐—น๐—ถ๐˜€๐˜ ๐—ผ๐—ป ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—™๐—ฅ๐—˜๐—˜ ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ผ๐—ป!

A THREAD ๐Ÿงต

Please Like and Re-Tweet. It took a lot of effort to put this together.

#StockMarket #TradingView #trading #watchlist #Nifty500 #stockstowatch
STEP 1: Download the #TradingView application on your mobile phone, and login into your account. One thing to note is that the web version doesn't let you add multiple watchlists, but the mobile version does. Image
STEP 2: Open #TradingView on your mobile and add all the watchlists that I'll provide you with.
I have attached a sample video on how you can add different #watchlist with the mobile app.
Read 5 tweets
#itc
ITC #shareholders today
Those Who don't have #itc in #portfolio .
Those #investors recently sold #ITC
Read 6 tweets
(Thread) In the last 5 months of taking #trading seriously, my top 3 tips to my former self are:

1. Wait for confirmation on entries
2. Take profits systematically
3. It's a probability game - a good system with solid rules will yield profit over a large # of trades
1. NOT waiting for confirmation killed me so many times. If I always waited for closes through my triggers, even just on the 1m chart, I could've avoided SO MANY failed trades. Failing to do this was just impatient on my part. Since I started waiting for confirmation, I've...
... had a much better win rate. Some say this statistic doesn't matter, as you don't need a crazy win % to make money, but I'm just pointing out that it's helped me avoid unnecessary losses.
Read 9 tweets
Traders often post successful trades on social media, but I rarely see losing trades. Losers can be a valuable learning tool. Here's one that happened to me this AM. #Wyckoff #learntotrade #tradingcourse #daytrader #trading #daytrading #SP500 #ES_F
Coming in, we had a Spring set up during the European session. This is on the 240-min chart. After penetrating a swing low, price reverses and closes above that swing low. That's a Spring. They are especially good in uptrends. And this one had pretty much everything going for it
Although the daily was showing supply, this spring seemed to test the big acceleration up on 8/27 & was holding atop old resistance/now support. We call this a Jump Across the Creek (JAC) & anticipate a pullback for potential trade entry. A Spring in this situation is ideal.
Read 7 tweets
Journey of most typical trader.

Before we move forward, kindly like and retweet if you find our content was interesting.
Begining..
๐ŸŽฏ Swiping TV channels and anchor shouting that investors gained lakhs of crores in a day.
๐ŸŽฏ A friend flaunting that he has earned 5-10K today.
This 5-10K is the monthly salary of many.
๐ŸŽฏInspiration from Profit screen shot of twitter traders.
After encountering with one among above case, you opened demat account and put 10K as initial capital.
First day of trade, you took very less quantity, say 10 quantity of a share. It came down but you held. at end of the day it went up above the buy price and you booked profit.
Read 22 tweets
Freak trade - A daylight robbery?

Before we move forward, kindly like and retweet if you find our content was interesting.
It was a calm trading day on last trading day of the week and from nowhere price shooted up in some of the contracts disrupting everybody's self esteem!
If we go through past two month's history, this was the fifth/sixth price surge. Past surge were on
๐ŸฉธOn 5th July, Nifty Futures surged 805 points.
๐ŸฉธOn 28th July, Nifty futures made downmove of 530 points.
๐ŸฉธBank Nifty 37000 strike price surged 2000 points.๐ŸฉธNifty 16450 for August expiry rose by 700 points.
๐ŸฉธBank Nifty 37100 PE surged to 1921.
Read 17 tweets
When Elearnmarkets was born, our goal was simple: educate and groom better Stock Market participants. It's the same, even today.

Here are some blog posts you can go through if you are trading in the Indian Stock Market:
( 1.) 7 common reasons why traders lose money in Intraday Trading: bit.ly/3zBfuA3

Intraday trading needs good strategies and not intuition. Learn these factors which might be responsible for your losses.
( 2.) 10 Proven Strategies to Always Stay In Profit: bit.ly/3jy2wh9

Booking profits is all about patience and grit. Learn these strategies to stay ahead of everyone.
Read 7 tweets
My two cents on current market condition:

Index rallies - capitalize if you are a day trader as you usually do.

(1/3)
When it comes to stocks, esp if you are a short term trader, ruthlessly cut off your losses.

So many stocks are underperforming inspite of broader markets closing at ATHs.

(2/3)
If index begins a solid correction (Idk or you don't know when it will happen until it starts happening), these stocks can crack more.

Better to enter in stocks making highs or showing strength than sitting and hoping for turnarounds in weak ones.

#StockMarket #trading
Read 3 tweets
Common price action trading mistakes that cost me lakhs of rupees:

A thread ๐Ÿงต

1. Front running the market based on my analysis:

Any analysis we do should be proved by market as correct before we jump into a trade.

How?

(1/n)
Example:

Mr. X marked 1500 as a strong support in HDFC Bank. Next day, stock opened at 1510, came down and hit 1500.

ABC went long in the stock. A few minutes later, stop got triggered. What went wrong here?

(2/n)
1500 is support for HDFC bank as per Mr. X but he did not wait to check if market validated his opinion.

At supports and resistances marked by a trader (you), wait for market to show the stock is actually taking support/resistance at those levels.

(3/n)
Read 16 tweets
How to trade relative value credit trading strategies (and derivative rv strategies in general)?

#credit #trading
1/ ๐—–๐˜‚๐—ฟ๐˜ƒ๐—ฒ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ๐˜€

The spread curve can be split into 2 parts, 3s10s and 10s30s, which both behave differently. In the long end, buy-and-hold, yield targeting investors (insurance/pension) account for most demand.
2/ Short end of the curve (2s10s) steepens when spreads rally and flattens when spreads sell-off.

Corporates news affects short-term creditworthiness, more than the long term.
Read 30 tweets
Thread about #trading. Get a glass of mineral water (I stopped drinking coffee 20 years ago)

In last 10 years I've come across in twitter numerous overconfident TA traders using charts with lines and indicators on them. Most come and go. Many lose everything, some go passive.
Trading is zero-sum game. Futures and forex are zero-sum by construction, stock #trading is zero-sum for intraday and short-term #traders. You need significant edge to survive in this game and it must be mathematical and robust.
I had this smart friend managing a fund during GFC. He faced liquidation and lost about $50M due to overleveraging and being to confident about his ability to forecast future prices. He ended up DJ in a club.
Read 15 tweets
THREAD on #TREND

How to Trade & Invest as per TREND ??

(1)

If TREND is BULLISH, BUY near key support levels & book profit near key resistance levels.
(Stop Loss below latest Higher Low (Swing Low) close basis on particular time frame)

#Equity4Life

๐Ÿ‘‡
(2)

If TREND is BEARISH, SELL near key resistance levels & book profit near key support levels.
(SL above latest Lower High (Swing High) close basis on particular time frame)

Learn with #Equity4Life in real time market & with real traders.

#ZigZag #PriceAction #HH_HL #LL_LH
Try to learn from this tweet... It's helps to understand my trading & investing style. & Easily you understand my tweets & market views.

#Equity4Life #StockMarket
#Investing #Trading
Read 3 tweets
#DhampurSugar - Short Term Swing Trading Opportunity !

CMP โ€“ 287.85 (11/8/2021)

(Must read Thread Thread for #TA learners)

@rohanshah619 @caniravkaria ๐Ÿ‘‰#TechnoFunda Views Invited.
1โƒฃ

#DhampurSugar is first & largest producer of refined sulphurless sugar in country.

Company's sugarcane co-generation capacity is one of the largest in the country & it has perhaps highest ethanol manufacturing capacity relative to itโ€™s cane crushing capacity in country.
2โƒฃ

#DhampurSugar Capacity ๐Ÿ‘‰

Crush 45,500 metric tonnes of cane per day

Refine 1,700 metric tonnes of sugar per day

Generate 209 MWH of renewable power

Export upto 125 MWH of renewable power to the grid

Produce 300,000 liters of alcohol/fuel ethanol per day

#StockMarket
Read 7 tweets
#IOLCP - Short Term Swing Trading Opportunity !

CMP โ€“ 644.40 (9/8/2021)

(Must read Thread Thread for #TA learners)

@caniravkaria @Arpit1223 Fundamental Views Invited. Image
1โƒฃ

#IOLCP manufactures & sells bulk drugs & organic -inorganic chemical compounds in India & internationally.

Company offers APIs such as ibuprofen, metformin hydrochloride, lamotrigine, fenofibrate & clopidogrel bi sulphate.

It also provides specialty industrial chemicals.
2โƒฃ

After a massive run from March 2020 to December 2020, #IOLCP has gone into consolidation phase.

#TechnicalAnalysis #IOLCP #StockMarket #Trading #SwingTrading
Read 7 tweets
A detailed guide on #TX3 by @EdelweissFin

Software worth 50,000/- for F R E E ๐Ÿ†

Scroll down ๐Ÿ‘‡ for detailed analysis
(Using for 2+years)

User guide PDF ๐Ÿ“™ edelweiss.in/ewwebimages/Weโ€ฆ

#chartians #momentum #StockMarketindia #trading #tx3 #edelweiss
@CAPratik_INDIAN @_GauravVashisth @stockifi_Invest @TSG_Capital @VRtrendfollower @krishnblue @jitendrajain @SANAMBHATIA99 @ca_mehtaravi @chartmojo @jigspatel1988 @Rishikesh_ADX

Share for wider reach, so that people don't spend on costly softwares like Falcon/Spider ๐Ÿ™
1๏ธโƒฃ TERMINAL LOOK
This is how the terminal looks like when you open it. You might be confused but we're here to help you out.
Read 9 tweets
๐ŸฉธFIBONACCI retracement and GOLDEN RATIO - PART 2

Before we move forward, kindly like and retweet if you find our content is adding something to your knowledge.
We have described how interesting Fibonacci numbers and ratios are and how it's been formed in PART 1 of this series. In PART 2, Lets see how we take trade based on fibo.
๐ŸŽฏHow to draw Fibonacci levels?
Drawing Fibonacci retracemnts are fairly simple. The main point we look into is, If the direction of retracment is up or down side.
โœ… If the trend is up, choose lower point and a higher point. Connect lower point with higher point using Fibo tool.
Read 16 tweets
๐ŸฉธFIBONACCI retracement and GOLDEN RATIO

Before we move forward, kindly like and retweet if you find our content is adding something to your knowledge. Image
๐ŸŽฏJourney of fibonacci traces back to ancient Indian mathematics. However, Leonardo Pisano Bogollo, an Italian mathematician is considered as father of fibonacci numbers.
๐ŸŽฏFibonacci numbers are sequences of numbers starting from zero arranged so that the value of next number is the sum of the previous two numbers. Sequence starts with 0,1 always.

Sample of Fibonacci sequence is as below:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233......
Read 12 tweets
If doing daily report cards make sure you honestly are seeking specific weaknesses or strengths to improve on and not just placing a dent on that end of day P/L. Make sure journaling approach has proper structure and is not just green/red type of thing.
#trading
First thing in journaling to do is to separate setups so that you can track difference of your performance per each setup as likely you'll be performing much better on ones vs others. Journaling system without pattern or setup segregation is already in a bad shape from get go.
The next should be using cycle or market strength as filter variable for your journaling. Over while you might notice that your performance is much better or worse in specific cycle. Then you'll need to dig deep and expand journaling to find out why, by adding more variables.
Read 5 tweets
This was a tricky one.
And as per our herd mentality,the answer is wrong.
Interestingly and inversely, the company is #TCS ๐Ÿค”.
Let's have a short discussion on #tataconsultancy .
Tata Consultancy Services is the flagship company and a part of Tata group.
#tatasons (1/n)
It is an #IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. #TCS offers a consulting-led,
#niftyit (2/n)
cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
#TCS
Based on Industry classification, company operates in 5 key verticals i.e. Banking, finance services & insurance #BFSI which accounts for 39% of revenues,
(3/n)
Read 5 tweets
What Alameda is trying to do still astounds me, to some degree. A tiny team -- ten people, at some points, not even triple that now -- trying to build the world's best crypto quant trading firm, and OTC desk, and MM service, all 24/7. It sounds impossible.
Even more astounding is that we actually do it. Day in, day out, our models are still (almost) always fantastic, our quotes (almost) always live, our trades (almost???) always good. I've never seen a team as talented and dedicated as ours -- I'm not sure I've heard of one.
I was mostly expecting the team to be impressive in the typical ways -- everyone who pre-dated me and everyone we've hired since has been super smart, clearly talented, etc.

I'm blown away by how far we've pushed ourselves.
Read 9 tweets
Normally I don't post swing trading #StocksToBuy .
A few friends constantly REQUESTING me to put at least one #stock on DM.
On request,I am posting #manalipetro to study for your positional #trading .
#Manali Petrochemicals is engaged in the manufacture and sale (1/n)
of Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials.
#trading
#SwingTrading
#manalipetro Company is very much ,in fact very much UNDERVALUED.
The Company has reduced debt.
Management is trying to improve.
#manalipetro
(2/n
#manalipetro Company is expected to give good quarter this time.

#manali has delivered good profit growth of 34.69% CAGR over last 5 years.
#SwingTrading candidate has been maintaining a healthy dividend payout of 19.11%.
It's going to be stronger in coming 6 months.
(3/n)
Read 4 tweets

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