Ek aur tweet as I can see lot of polls lot of xyz on today's drawdown by all.
'I lost my last week half profit'.
I trade from 5% of my actual cap
I stop trading when I hit 10% loss of my trading cap and start taking, baby steps to recover that loss.
I always keep in mind - what I will do if market will gap down tommorow by - 5% to 8 %.
Folks who talk about capital management I bet u can't do anything when such scenario comes or u haven't even prepared for that.
However smart u r
However u r good in quant and all stuffs, hedging bla bla bla.
Stock market will fool u in best possible way and one shot is enough to wipe u out of game, whatever type of khiladi u think u r.
Why traders loose in long run - coz eventually they tend to make mistake which is derived from their overconfidence,and market punishes very hard for mistakes.
Why investors don't loose - coz they accept this fact that they can't time market, may be it can be done in short term
But in long term - oh common u kidding me?
So this is harsh truth or fact - whatever we do on social media - either have some motto or to showoff.
Either way we are trying to prove - I m best I m best but fact is best is not tweeting (about his success) #dilse #NamasteyTrump
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There will be days in trading when nothing makes sense. Confusion. Regret. FOMO.
Let me break it down for you 🧵👇
As an option buyer, you’ll sometimes see option sellers making steady profits in a flat market.
You’ll think:
“I should’ve sold today. That was easy money.”
Regret creeps in.
As an option seller, you’ll watch buyers post huge MTM screenshots during trending days.
And think:
“I could’ve made my entire month’s profit today if I had just bought.”
Again… regret.
#nifty topped out on 27th sept
on 30th sept gapped down
so first significant bear entry came there- #monday gap
but lets see few stocks where gap happened in either Aug or in 1st week of sept which were easy to catch as a short trade.
#Sail corrected 20% from 30th sept
this stock didn't had any gap down but it was most easiest breakdown patterns we can
1) Never mess with trend 2) Never anticipate reversal unless u get a signals on higher time frame
and most important - In strong trend - never see RSI or divergence especially on upside - u will be butchered.
😎
thats how i used extension to derive bnf target...
either it has to be imp level or it has to be candlestick signal
lets say if i m in trade - i will find out imp resistance zone
and will keep riding trend by using any indicator or swing
like this was support for me as I was in Long trade.
chalo u missed early move and wanted to catch momentum -- check chart 2
above 61.8% momentum
now people say -- day trading kaise karein?
go check the retracement both day
Both day were easy to hit long
u needed to understand trend and where to exit.
both day have suggested long in #innercircle same. #bnf
let me post some 100 #fibbonaci number wonders on long term chart.
Post your chart too with #fibbonaci, make sure chart is clean.
this is number 1 in list #ibrealestate
in 2021 it was one of the hot stock - Infact I was also excited took entry at top despite I was seeing Golden ratio rejection.
what happened next is history.
the very same stock took eyeball again few months back -- people went gaga
even we went long -- but exited sharp at 61.8%