Thread by @swing_ka_sultan

Instead of going after making a penny here & there, its far better to prepare for the next bull run. See how you handled the last run, what were your strengths & weaknesses. What you missed out in the past run and what you mishandled. Build around your strength and minimize (1/n)

weaknesses.

These 4 things taught by @PradeepBonde can help you prepare for the next run -

1) #ProceduralMemory
2) #DeepDive
3) #SituationalAwareness
4) #OrganizeLikeCrazy

In subsequent tweets I will tell you how they are going to contribute in improving your trading. (2/n)

I reached to the conclusion I shared in this thread due to the #ProceduralMemory. Focus on how the biggest winners of the past run unfolded. How they acted comparative to what market is doing. How they started their journey of the stage 2 advance. (3/n)

Can you zero down one such day when the characteristics changed, and stock started it advance? What was the nature of that one day? What preceeded that day? Was it nearby any earnings announcement - just before or after? Was there any thing common among the big winners? (4/n)

Was there any probability to take advantage of the changing behavior? If not then how far you would've entered? And how you would've managed it to make the most out of it?

This study will give you a lot of insight to find out the next set of winners early in upcoming cycle.(5/n)

2) #DeepDive - All of us trade different setups - setups we learnt from books, webinars, videos etc. We rarely bother about understanding the nature of the setup and examining its effectiveness. This is where our weakness lies.

Pick up data of last 5-7 years and check each (6/n)

every instance when the setup emerged in past years. You can do it using a screener.

See the winrate & RR strategy offers. How are the best ones look, and how you would've managed them to make the most out of it. Use bar replay feature of trading view, but do not focus (7/n)

on how they looked post breakout, instead see how they looked before that, so you can identify a setup before breakout when the emerge in real time.

Carve / improve your rules by focusing on how most of the stocks are acting instead on focusing on how any outlier acted. (8/n)

Also see how the setups acted in different market breadth conditions.

This #deepdive will give you the belief in your strategy / system. This will help you eliminate regret and fear in trading and the one who does that can achieve everything he ever dreamt for via trading (9/n)

3) #SituationalAwareness - An extremely invaluable skill to develop. While it is not easy, but once you do, you are often able to get how market is going to pan out throughout the day. Also you'll be able to identify strategies you should focus on more while trading. (10/n)

Regardless of how cool it sounds, it is not an easy skill to develop. It is only obtained via trial & error. If you have a market breadth sheet of ur own, every morning add a note of what you think about the market, how the day should pan out & how you should work with it. (11/n)

Give half an hour, see things impacting the market, think about the prevailing sentiment in market participants about the day & also think about the possibility of expectation failure for them.

Am sharing few points I copied from @PradeepBonde's blog. (12/n)

Think upon these points & add a note every morning to your market breadth excel sheet or trading diary. In evening check whether things panned out as you expected or not? Or you missed any important thing? Or anything unexpected happened? If yes, how you would've dealt it? (13/n)

4) #OrganizeLikeCrazy or #OLC - OLC is about having a proper workflow and daily & weekly routines. This should be in written and rigorously followed. Write down each and everything you do while trading. Write down the timings & sequence of scans, order placement and your (14/n)

actions post that. Write down each & everything. This will ensure flawless execution of everything you worked upon because without proper execution everything will be worthless.

If you work upon these 4 things, am absolutely sure that everything will change for you (15/n)

in just few months. Remember these powerful words, "Success is a Choise". The path is not going to be easy, but if it would've been easy, everyone would've been successful. It wouldn't be easy but it comes with a guarantee of success, so its time to put everything behind (16/n)

the goal you set for yourself to be called successful. Its time to prepare for the moment when you'll have the right opportunity.

If you share the belief that these 4 things can change your life forever, pls retweet for further reach.

Thank You! (17/17)