Tweetstorm: weekend learning

The art of managing winning stocks

Have plan to reduce on weakness
Best companies wan to up.
Best stocks can't avoid indexes
Market always fool u
Focus on wht u own and wht u wish to own.
Don't try to read too much into markets.
As vaccine goes out, more traditional companies getting into limelight.

Great trades don't require predictions.
U just have to see it and take action.

-->>Have a consistent routine:
-> weekend study
-> all fishing on weekends
-> u have full weekly bar
-> Sunday afternoon
U r always 4 days away from a potential rally(FTD).
Keep urself on the toes and keep training.
Once u catch a big name one time, u get hooked. U want to do that again.
--->>>Stocks may surprise u:
Book recommendation: Market wizard
Good trader: Ability to manage configurations of the world that is different from today and really believe it can happen.

U need to have a vivid imagination of the stock u own.
U need to have the Courage to take the trade-patience to stay with it-vision where it can go- lastly execution.
When u have the urge to sell, curb it or sell some to release the pressure.
Rules-Rules-Rules !!!
Partial selling helps: sell 2/3rd with substantial profits and hold last 1/3rd to gauge large grounds.
If it's a bull market u stay with it and look for signals to get out.
If u have 10-20% position in 1 stock then u need to have some execution plans.
Its much easier to buy something which u already own.
Legends not only take a big position but also, ride it for long.
System: U have to make it your own.
Companies selling expensive items and being traded on exchanges is a great buy.
Take the time to know some of the stories.
Best stocks r always overvalued. When they become undervalued they fall.
Look for the big Institutions holding.
Software companies: net retention revenue (imp. Metric)
Investing is such a strangest things amongst all professions.
Its very difficult psychology is to be wrong most often. When u r right, ur record is so heavy in ur favour.
Sometimes u take profits so early coz u hav been wrong so often.
Base ball and trading has big similarities.
When rotation happens then money flows into stocks which were traditional big winners other than growth.
So, be vigilant about the moves.

***The End***

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More from @OWSM_trader

19 Dec
Tweetstorm: Weekend Learning

Having a growth mindset.

Covid-19: people went broke-people also saved much
spending would be unleashed
supercycle coming
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U r the architect of ur own life
TML: True Market Leader
How many TML's are extended?
Concern: short term excesses
long term: super-cycle
Economic boom-secular supercycle-FED-people wanna spend.
Short term super volatile pullback~f(rapid ascend)
Currently, there is institutional adaption is high in Bitcoin
Never violate the trend.
Be very cautious about people who become ur mentor.
position sizing
shortening losses
sector allocation
keep these as ur guard rail.

Crypto Update: Etherium might jump back.
Read 12 tweets
19 Dec
Tweetstorm: Weekend learning

Make trading strategies ur own.

We r in the interpretation business rather than a prediction business.
Rule: not to sell based on fear of losing profits.
Look for psychological indicators, put-call ratio etc.
Its just competition vs ourselves.
Your eyes wud b walking through the patterns after ur big practice for time.
Know the character of the stock.
No matter how great the fundamentals if the stock if its not forming setups it just doesn't matter. If u wanna look for character, look at the left.
Up on vols
Ipo scan
Industry group

RS line: New highs before price
Buy stocks early nd pyramid final position at traditional breakout.
Have a tight and logical stops.
Read 4 tweets
19 Dec
Tweetstorm: Weekend learning

How to protect profits by being a risk first trader ?

Look at the watchlist candidates and analyse how many are above 50dma.

Progressive exposure: u scale up when markets and stocks r doing right.
When things get wedged up, u get few flushes.
U have to learn everything to be able to do by urself.
Importance of mistakes and learning from them.
People have bad habits. They want to be how great traders are but, don't do they don wht they do. Remove bad habits.
Building the case apart from technicals helps build the full picture: conviction.
Read all signals, signs and the chart.
Its just a big game and u ride on the shoulders of the big funds.
Read 9 tweets
20 Nov
Repeating the same mistake is self sabotage.

By monitoring ur mistakes & continuing to work on urself u can minimise their impacts.

Key to generate above avg profits.
Your reality is shaped by your beliefs.
U don't trade the markets, u trade ur beliefs about the market.
Read 42 tweets
18 Nov
Market Snapshot: 18.11.2020

4WDDC: 0
5WDDC: 0 Image
Chart: Image
Internal meters: Image
Read 4 tweets
17 Nov
So, the setting is as follows currently: I got an interesting stock chart in just 18 secs.

NDP: Near Darvas pivot Image
FSL: VCP 3T Image
JASH: crazy deliveries for some time now. Image
Read 18 tweets

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