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Kirubakaran Rajendran Profile picture
@kirubaakaran
Jan 13, 2020 • 8 tweets • 4 min read • Read on X
Many Traders might be using #supertrend with different time frames, starting from 3 minute to 1 hour in #Intraday on #banknifty & #nifty . Some days they make profits and some days they make loss. Have you ever wondered what is the best or ideal time frame to trade super trend? Image
If you are using higher time frames, you realize that at times when market reverses, you lose more as we have to wait for that one full candle to complete. That’s why many traders prefer trading super trend in smaller time frame. But have you tested it with historical data?
beginners simply consider only brokerage as charges, and think that if we make above Rs.40, we are going to make profits. But totally 6 different charges we end up paying for every trade we make.
Brokerage
Transaction charges
GST
STT
Sebi fee
Stamp duty
I tested the super trend intraday trading system on Bank Nifty from 2009 to 2019 with various time frame 3 mins, 5 mins, 10 mins, 15 mins, 30 mins and 1 hour.
Once in a while you can make very huge returns in lower time frame like 3 mins, on days like Nirmala Sitharaman day Image
Do you think, you could keep getting such trades? You make big returns when you are right, but lose little when you are wrong, so based on risk reward basis, do you think 3mins time frame is a very good trading system and you can make profits in the longer run?
Super trend when applied on 3 mins time frame, it generated 351% before charges, but after we applied the cost, we realized it doesn’t generate any profits at all. If one continued trading it on lower time frame, he would have blown off the trading account multiple times. Image
In this chart, it is clearly visible that the lower the time frame - higher the charges, trading on 3mins time frame, you end up spending 10+ lacs on transaction charges alone. We should neither trade on very low time frames nor on very high time frames. Image
Only 15 mins time frame is able to generate better returns after all charges. Trading Super trend on very lower time isn’t profitable which is proved statistically, if you are doing so, please avoid it squareoff.in/single-post/Be…

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More from @kirubaakaran

Kirubakaran Rajendran Profile picture
Mar 12
More than 30 million users actively use @tradingview but very few people have Pine script coding knowledge due to which many users just stick to basic Trading view charting functionality, let me explain how can you write your own Pinescript code using @ChatGPTapp free version🧵
I wanted to study the spike patterns in BankNifty on expiry days, within 5 minutes if market moves greater than 100 points I wanted to track those days and see what happens after such spike, does market makes follow through move or it reverses after spikes?
Go to ChatGPT and enter the below Prompt Create a Pinescript that can track every candle and see if market has moved up more than 100 points or moved down more than 100 points in just one candle and plot bigger text S above that candle. Image
Read 10 tweets
Kirubakaran Rajendran Profile picture
Feb 7
I just came back from a 10 days solo trip to Bali,I always wondered whats the fun when you travel solo, I was so wrong. Met different people across the world, spent time at mesmerising places, its a different vibe. Trading & Traveling is a deadly combo. Here's how I managed it🧵 Image
Flight - There is only one direct flight from Delhi to Bali operated by Vistra which costs around 35k. Most flights are connecting via KL or Singapore, Use Skyscanner to find cheapest deals. Extra 20kg baggage cost additional 10k. Default is only 7kg. Image
My biggest blunder was to carry heavy luggage as its for ten days, I realised the laundry cost is very less in Bali. Around Rs.400 for 5kg, so travel light, this can save you additional 10k in ticket cost and makes it easier when you roam around islands in Ferry.
Read 20 tweets
Kirubakaran Rajendran Profile picture
Dec 12, 2023
Ever wondered where the big institutional investors are putting their money? Is there any way to track which stock has highest holdings of FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors)? Using this free screener its easier to track. Here's how🧵
Go to and click on Screens and Click on Create New Screen. Large-cap companies have a market cap of Rs 20,000 crore or above. Mid-cap companies is between Rs 5,000 crore and less than Rs 20,000 crore, small-cap companies have a market cap of < Rs 5,000 cr buff.ly/3TkZeji
Image
So let's find out which stocks under each of these segments has highest FII, DII holdings. This query retrieves list of small cap stocks with market cap <5000 cr and DII share holding > 50%, once you run the query it gives you the list of eligible stocks. Image
Read 13 tweets
Kirubakaran Rajendran Profile picture
Dec 8, 2023
Is your Kids spending so much of time on iPad/Phones/TVs? No matter how hard you try, still is he/she spending more hours on it? Me and my friends also face the same problem. Here's what I did that really helped a lot in changing my kids behaviour. 🧵
It all starts at an early age, in order to make them eat you start giving them a phone, playing some random YouTube videos. It gets the kids attention. Then as he grows, in order to keep them busy, so that they dont disturb us, we give the phones. This habit sticks to them.
You cant simply grab the phone from your kid, when you continue to chat with your friends on whatapp group. The only way to stop your kid from using the device is, first you need to reduce your screen time. Remember kids are watching and copying everything you do.
Read 15 tweets
Kirubakaran Rajendran Profile picture
Oct 21, 2023
How to Backtest a Trading Strategy using Chatgpt?

Even though Chatgpt has gained enough traction most of them are using it as a replacement to Google search. But with Chatgpt4, data analysis & backtest have become much easier.

Here's the step by step process.
Sign up with by default you get access to ChatGPT 3.5 only. With this version, you can upload any files to perform any data analysis. It's more of a plain chatbot with AI. chat.openai.com
Image
The real beast is inside Chatgpt4, to get access to it, you need to upgrade to plus with $20 per month as charges. Image
Read 12 tweets
Kirubakaran Rajendran Profile picture
Apr 5, 2023
People who have gone through hardship during their early age, who really struggled hard financially when they were kid, once they become successful, most of them do this mistake when they become a parent. Things which you were not able to buy when you were a kid,
1/n
you start spending so much money for the things your kid wanted. You don’t want your kids to get disappointed, so you tend to buy them those costly toys or whatever they ask for you tend to buy them. It makes you feel more happier seeing your kid happy
as he got what he wanted but for the same thing you struggled during your childhood. But when we do this, our kids never learn one of the very importance lesson in life. Managing Money. They assume they could afford anything easily in life. They will hardly see any real struggle
Read 11 tweets

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