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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#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.
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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%
Most of young boys who came to me for Job are-
1)Not even Graduate 2) Think for stock market related Job - degree doesn't matter* 3) No communication skill 4) No Financial Backing 5) Highly motivated from social media. 6) Know how to plot Trendline on name of skill.
We are seriously rotting down our youth - One through excessive use of CC another by Encouraging a lot to Take Trading as profession( its not bad though but not easy though)
Majority of youth build their initial capital either by taking loan from family or from friends or bank
and start trading, majority of them are in Debt as they are highly motivated to Build cap big and hence take Insane leverage and fuck up...