Happy Teachers day, specially to my trading friend who taught me with time and progress. So many special unknown name @Pravinepatil26 (Pravin Patil, Aurangabad), Nitin Roman(Mumbai), Nipun Manchanda(Delhi), Shivraj Rajawat (Jaipur) and many more.
Final name Mr. market 🙏.
Thanks 4 lovely msg. #HappyTeachersDay
Keep learning and earning curve high.
God bless u! 🙏
Also want to special thanks who directly or indirectly taught me small or big lesson in trading or fundamental.
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👉 Decision Points:
In Intra Price Action; after opening and ORB next important point is DECISION POINTS, also slowly corelated to each other topics.
Let me sumup first imp key level.
Not necessary to use each n every thing always but with context it's become important.
Normally these decision points play important role of technical to understand trend will continue if break n hold, false break and reverse or very imp level break then momentum can happen.
↪️ Opening Range Breakout (ORB):
As clear with name range breakout view after some formation in open or previously as well.
What exactly ORB mean; in formation all type of players entered in market with some view either bullish/bearish/sideways.
Normally ended with few players win and few loss. So in other word some kind of consolidation happen initially which anyone can relate big volume at initial candle.
There are various different orb setup as well timeframe, all useful but different scenarios.
From 1min to 1day orb possible context. When there is emergency in market then even 1min/3min/5min orb really useful to make decisions. 15/30/60 is most standard orb look out by various ppl but more corelation imp like opening within range or gap or after opening breaking range.
Leverage Thread 🧵
Leverage can make or break people.
Specially when we talk about derivative product which already leverage. If not aware about effect and side-effects then definitely.
Inspired by Wayne (Famous Portfolio and strategic builder).
As we know derivative product approx 6x leverage which means for 6L we normally pay 1L for taking it delivery in account. What if we take without leverage, less leverage risk exposure or even 10x leverage. Any system robustness checked by its drawdown properties.
When we can no leverage or 2x (small aggressive) most probable chance of survival in market higher, when we go by 5x-10x exposure which can easily kill in few drawdown phase, even completely.
Warren Buffett also emphasized so many times about leverage and risk.
Calendar don't work like normal straddle or vega negative. Calendar means shorting high iv and long low iv set-up if trading atm or little offset classic calendar.
Even today example, once fall create difference, then again fall make almost 5 pts iv difference as well delta mgmt avg. Eod gained quick 1% on margin within 2 hrs.
#derivatives#nse
Data analysis not an easy task as it's look like.
Today I am talking about specially long or short buildup only. Everyone knows including book says when price going up with oi up is long buildup.
But in reality only few mins or one day buildup not enough to summarise it also confirmation required after any kind of buildup.
Let's explore more...
Any big players in intra or swing trader can't enter in mkt at once it's slow process.
And took almost good time for swing trader sometimes 3-7 days even more. For intraday it's in range of 30-60 mins.
Never judge direction so soon, until after buildup range not break or if some technical combination much better (optional).