KA Profile picture
27 Jul, 11 tweets, 2 min read
19 trading rules for a greater profit
Most important is psychological management.
1) When in doubt stay out
2)Never trade or invest based on hope
3)Act on your own judgement or else absolutely and entirely on the judgement of another
4) buy low (into weakness ),sell high (into strength ) - this needs detailed explanation as it looks easy but is tough - greatest fault of 99 out of 100 active traders is being bullish at high prices and bearish at low prices(in perspective of trading)
5) Don’t over trade.

6) After successful and profitable campaign take a trading vacation- I should have taken vacation after April may and June profit😑😑😑

7) Take a periodic mental inventory to see how you are doing- samajh aaya? 😅
8) Constantly analyse your mistakes- How many of you do that?

9)Don’t jump the gun -In any trading situation or investing there is always the temptation to put on position before the particular discipline or methodology that we are using has given the all clear or all thumbs up
This is actually a very poor practice because it means that we are not in actual fact following the discipline but have decided that we know better.
10) Don’t try to call every market turn, June and July has been a big lesson for most of the trader And market has been a great teacher.
No comes another important part Money Management-
Without this However could you are you won’t sustain in the market for much longer time.
1) Never enter into a position without first establishing a risk reward.

2) Cut losses let profit run it looks easy but it’s not
However it’s easy but we make it complex most of us let Loss run and cut profit early😂

3) Place numerous small bets on low risk ideas.
4) before trade Look down not up.

5) Never trade or invest more than You can reasonably afford to lose.

6) Don’t fight the trend -you have seen what has happened in 2020 and 2021(so far).
7) Wherever possible trade liquid markets.

8) Never meet a margin call- this needs an explanation.😉

9)Most important if you are going to place a stoploss put it at a logical level not at convenient level.
More explained and detailed article on above headers on my website with examples which I have faced in the past - finkarma.in

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More from @kach0289

22 May
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On the first day, the Indian worked with full vigour.

At 6 pm:
Boss :- How much of sales did you do on the first day?
Indian : Sir, I attended to 1 Sale.
Boss : just Only 1 sale the whole day? Usually every salesman here does 20 to 30 Sale transactions a day. Well, tell me what is the money value of your today's one sale?
Indian : $93300 dollars.

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Then I asked him where does he go to catch fish and he said in the coastal area....
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22 Apr
What a nice story...

An American man walked into a restaurant in London. As soon as he entered, he noticed an Indian sitting in the corner.
So he walked over to the counter, removed his wallet and shouted, "Waiter! I am buying food for everyone in this restaurant,
except that Indian guy over there!"

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20 Apr
Pick strong trending stock
in pullback - preferably near 61.8% or 50% retracement level look for bullish candle
take sl low of candle and sleep.
this is one of catching good stock in uptrend.
tried and tested in over more than 1000+ trades(on own money in last 13years)
similarly u can do opposite
one example
didnt closed even above 50% of retracement
failed to touch 61.8%
failed to close above black candle high
what u had to do?
nothing - buy some put to protect portfolio or sell longs if u r not comfortable in shorting and wait for
price to come at support.
price came at support Buy put sl and sleep tight.
but hey u know sl what will be target?
again retrace and see where is resistance.
exit at resistance.
repeat process.
Read 4 tweets
18 Apr
there is no textbook method to mark swing highs and lows in my opinion but with observation I can tell few things
after certain price move price retrace almost 50 to 61.8% and there it form either a bullish candle or consolidate to form a base and then start journey.
sometimes consolidation starts happening early so conclusion is -
where price either consolidate and continuously tests a level and moving in side of primary trend becomes a swing low Image
Read 5 tweets
22 Mar
Brilliant article, just couldn't resist sharing..

Ducks Quack, Eagles Soar

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Taken aback, I read the card. It said: Anirudh’s Mission Statement:
To get my customers to their destination in the quickest, safest and cheapest way possible in a friendly environment.
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18 Mar
A lady in a faded grey dress and her husband dressed in a home made suit walked in timidly without an appointment into the Harvard University President's outer office.
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"He will be busy all day" the lady secretary snapped. "We will wait" the lady replied.

For hours the secretary ignored them hoping that the couple would finally become discouraged and go away.
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