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Swaraj Rai Profile picture
@swaraj987
Jan 29, 2020 • 3 tweets • 1 min read • Read on X
so much buzz for NH

trading at all time high

-> Booked profit in long in opening, now have short position with strict stop after so much hype in news about it and price making lower high lower low.
-> lets see, not recommendation

#stockstowatch #stockmarkets Image
my target on downside for today is 365

now trailing stop loss is 383
took my trailing stop and reversed again

no worries, only price action matters

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More from @swaraj987

Swaraj Rai Profile picture
Oct 5, 2020
@gdhananjhay Sir you can try the following too:

1. Pullback after breakout: After a breakout happens, wait for pullback with small small candle with less volume. Let the price reach nearest pivot point and consolidate there for next 3-6 candle. Let the price form a higher low. (1/n)
@gdhananjhay Then you can enter near pivot point on the break of at least 2 candle high. Your stop would be recent low or 2 % from your entry price, whichever is lower.

(2/n)
@gdhananjhay 2. Buying the breakout pays off really well if you control the position sizing and cut the position fast if breakout didn't sustain. So look for stocks which has opened at least 2% with gap in Nifty50 universe. Then let the morning volatility play out.

(3/n)
Read 15 tweets
Swaraj Rai Profile picture
Oct 3, 2020
Just checking his timeline which is full of good content.

My 2 cents on discretionary vs systematic trading:

1. System Trading: If I choose this approach then first I need backtested system with clean data. I need to take each trade. Even most robust system can generate more
drawdown than backtested data. I need to be mentally prepared for series of loosing streak. Here descipline required for each and every trade. I can't skip a day even I'm not well, physicaly or emotionally. I need to show up every trading day, no matter what.
2. Discretionary with rule based trading approach: Here I need to have a method which can generate low to moderate return on monthly basis. I have freedom to not take the next trade if I feel something is off. I can skip a day or week or month if if I am not feeling well.
Read 14 tweets
Swaraj Rai Profile picture
Aug 29, 2020
Hey @Amangera2012

Here is my analysis on Adaniport.

--> Stock went to 450 from 170.
--> Stock gave first pullback with average volume. Low of the pullback was around 292.
--> Stock again tried to continue previous trend but formed double top. And we got a Lower High. (contd.) Image
--> Then stock moved lower and broke the previous support (292) with huge volumes.
--> Now we got a lower low. So basically we are in minor downtrend unless price make new highs.
--> If we see price action of last few monthly candles then we get to know that (contd)
there was no follow up after breakdown of support (292).
--> Now price broke the resistance (292) and tested the support too. So we can see that price is trying to go up.
--> Next resistance is 425 and 450. These two levels are very strong resistance levels. (contd)
Read 4 tweets
Swaraj Rai Profile picture
Jul 8, 2020
Divis Lab Trade Setup:

Stock gaped down on news of SEBI order regarding insider trading of company's CFO and other officials. After gap down price didn't sustain on lower levels and recovered significantly from the lows that day itself.

After that consolidation going on (1/n) ImageImage
from last 2 days. In last 2 days there is no fall in price and volume is thin. Today there is some buying seen with volume after 2 days of consolidation. So bought 25% of my position today and will add more when it breaks the consolidation range above 2250. My intial SL is 2080.
Target is open. Only one overhang is there and that is regarding company's action on its CFO. So keep that in mind if u r thinking to trade/invest in this stock.

Disclaimer: I have position in this stock. Consult your financial advisor before investing/trading on this stock.
Read 4 tweets
Swaraj Rai Profile picture
Jul 7, 2020
There will be bubble in sectors but one should wait for bubble to burst and then pick the company which has better earning visibility in coming decade.

Example: Amazon. Market was paying hefty PE multiple even when Amazon had no earning. After Dot Com bubble burst, it survived.
But many other Internet company couldn't survive. So how to choose the right company in a bubble phase of market? No one knew which company will have 1billion dollar earning per year before dot com bubble burst. But people were buying at insane valuation. After the bubble burst
smart investors entered in stocks which were promising at lower valuation. It took its sweet time but picking companies at reasonable valuation paid off to the investors in past.

This still applies in current market scenario.

One can do the following:

Track sectors which are
Read 5 tweets
Swaraj Rai Profile picture
Jun 30, 2020
It takes real patience to sit tight and avoid "chul" (forced) trades. We all want same or more profit everyday after market opening. This lead to force trades. Expect nothing from markets & see the magic. Its okay if u don't make money today or tomorrow. (1/n)
Few #brotips :-

1. Just sit tight and wait for price action to scream for u to enter.

2. Never give back more than 30% of ur MTM. If u have given back 30% of ur MTM then its likely that u will end up loosing all the profits and some more (learned this hard way). (2/n)
3. If u are in loss in morning session and after some time u recovered that negative MTM then close the terminal and don't trade for that day. You have already made gains to recover initial loss so few of ur best trades went into that and you may have emotions like regret, (3/n)
Read 6 tweets

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