How do you improve as a trader? How do you pinpoint your mistakes and misses? How do you understand how VIX moves and what it says about the indices moves? How do you discover new setups or unique interpretation of indicators?
Softwares like Amibroker or Tradingview have a feature called Bar Replay. It simply removes data from the point chosen and starts plotting one bar at a time. You can also choose seconds after which each bar gets updated. Use this feature
Example 1 : the INFY selloff post results. Go back to that day and check how prices moved from opening, what the indicators were saying , how option prices were changing
Example 2 : the huge move on expiry day in BankNifty. How and why? What did prices say? What do the options say? What did the indicators say?
Note : initially on your chart, just watch the raw price. Without any systems or indicators. Try to understand how prices behaved and why.
Do this every weekend on instruments you trade . For the whole week
This is one of the exercises I do rigorously every weekend. Sometimes I replay the days action in the evenings when the day was volatile. This has helped in my continuous improvement
Will not happen in a day or a week. This exercise has to be done for months, there is no fixed timeline . You will see at one point, you will grow an innate understanding on how prices will behave.
Ultimately, that's the crux of trading.. understanding how prices will behave
If 100 people read this thread, 50 will at least do this once to check. After sometime, majority will get bored ( no instant gratification or improvement). After 6 months, less that 2% of this 50 will be doing this as I advised.
And you ask, why less than 5% of retail traders are profitable daytrading? 😄

The last 2% who continue, I can bet anything they will see huge improvement in their trading
All the systems and indicators I have devised started this way, by observing price action. The final product like #partternz looks like magic, but this is the grind which goes behind and setup/system. And yes, for one good setup, 19 get rejected
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More from @SubhadipNandy

9 Oct
My presentation is tomorrow at the #CMTIndiaSummit20 will begin at 3 sharp.
#CMTIndiaSummit20 Last 2 days remaining to register for the event
Use VISHAL2020 for 20% discount
Will be explaining my approach to quantify swing highs and swing lows. Post event codes will be released on @tradingview , free for all
Read 5 tweets
9 Oct
Last Sunday, I introduced the VolShift indicator at the #AlgoConvention . Showed the index charts as of then and warned that markets were in trend. Find below the charts shared then and the charts today. Self explanatory
Nifty as on last Sunday
Nifty today
Read 7 tweets
6 Oct
Everyday I get a huge number of thank you messages on DM from user's of my systems. Highlighting this to show something interesting.

Post my launching Volshift, a major part of Twitter analysts (?) were busy to point out what were the faults of the approach
Another part dug up an obscure link on the internet where the same logic was discussed and accused me of looting people. Funny thing is, I released the code for free so I fail to realise how am I looting people. And speakers don't get paid also at any event :(
This trader went ahead and coded the VolShift on the BankNifty ( just like I had shown my approach on picking trend on Nifty thru analysing it's constituents)
Read 9 tweets
4 Oct
You can afford to be compassionate, lax, and courteous if, once in a while, when it is least expected of you, but completely justified, you sue someone, or savage an enemy, just to show that you can walk the walk.

Nassim Nicholas Taleb, The Black Swan
Read 4 tweets
4 Oct
The indicator shown today :

AFL code :

TradingView : search in public indicators for NandyVolShift
I have explained the use today at #AlgoConvention
In this video, watch when I was analysing ITC explaining why it would go down. This same indicator was in action. Enjoy :)

Read 4 tweets
2 Oct
First week over, traded for the last 3 sessions.
Capital used = 10 lacs
Risk per trade = varies between 0.5% ( Rs.5000) to 2% max ( Rs.20,000)

Return in 3 days = 8.9%
Day 1 : Started with 1% risk per trade ( Rs.10k), had a good day

Day 2 : Started with 1% risk, was up around 5% by midday. Switched to 2% risk , had 2 back to back stops.
Day ends at 1.6%
Day 3 : due to 2 back to back losses earlier, shifted down to 0.5% risk per trade . A good day.

Why did I reduce risk ? In chess, if a GM loses 2 back to back games, he tries to draw the next game, does not try to win.
Read 12 tweets

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