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Killer Trader 📉📈

@KillerTrader_

28 Aug

Common price action trading mistakes that cost me lakhs of rupees:

A thread 🧵

1. Front running the market based on my analysis:

Any analysis we do should be proved by market as correct before we jump into a trade.

How?

(1/n)

Example:

Mr. X marked 1500 as a strong support in HDFC Bank. Next day, stock opened at 1510, came down and hit 1500.

ABC went long in the stock. A few minutes later, stop got triggered. What went wrong here?

(2/n)

1500 is support for HDFC bank as per Mr. X but he did not wait to check if market validated his opinion.

At supports and resistances marked by a trader (you), wait for market to show the stock is actually taking support/resistance at those levels.

(3/n)

Read 16 tweets

Killer Trader 📉📈

@KillerTrader_

23 Jul

A long thread and a rant:

It has become fashionable to see many traders tweet their months old stock picks which have given 2x-3x.

I am happy for them....But

(1/n)

While re-tweeting them each time they make a new high and upgrading the targets and potential over and over again,

Traders seeing their feed would jump in and buy at any price running on the tape.

(2/n)

Understand that the traders tweeting it may be holding it, may tweet it for their ego boost or for their own feel good moments.

But it doesn't mean you should get enticed seeing the run up of a stock and buy at any random prices.

(3/n)

Read 7 tweets

Killer Trader 📉📈

@KillerTrader_

14 May

Thread on inward reflection in trading:

One of the most important yet underrated and unknown aspects of improving your trading performance is "Inward reflection"

(1/n)

90% of the trading happens inside your head, only 10% on the terminal.

As a trader looking to improve or maintain performance, it is essential to constantly introspect on how you feel before, during and after market hours on days of various performances.

(2/n)

Asking a generic question like "How to improve my trading psychology" is like walking into a garment store and asking " I want a shirt."

There is no one size that fits all.

(3/n)

Read 12 tweets

Killer Trader 📉📈

@KillerTrader_

14 Feb

Thread on sideways market:

Sideways price action or consolidation is a phase where institutional players are silently building their positions transacting in smaller quantities.

(1/n)

What we need to understand is that big players have huge amounts of money and one major disadvantage of having such large cap is that they cannot transact in big quantities without being spotted (aka volumes)

In order to minimize this disadvantage to an extent, they will begin building their positions with many smaller blocks of orders to look like multiple small players and to not alert other market participants much.

Read 10 tweets

Killer Trader 📉📈

@KillerTrader_

26 Dec 20

@TradingMonk_UJ

Re-tweet for max reach @TradingMonk_UJ @Traderknight007 @ArjunB9591

Yesterday, I met with a trader who wanted to make it in the markets. Advised on the following psychological pointers from my own exp:

Time:

1. You cannot become a successful trader overnight.
2. How long it takes depends on a person, the time they can dedicate everyday, their level of emotional control and balance etc.

Expectations:

1. There is no magic setup to turn 1L into 10L in a week or month.
2. Compared to other professions, trading can make you rich faster but not UNREALISTICALLY faster. If you have a golden goose, take one golden egg per day, don't cut its stomach in greed.

Read 14 tweets

Killer Trader 📉📈

@KillerTrader_

29 Nov 20

@ArjunB9591

How I use multi time frame trading setup based on simple Support and resistance?

@ArjunB9591 @TradingMonk_UJ Re-tweet for max learning.

Multi TF trading setup consists of one TF for analysis and one TF for entry/exit.

✅ Price Action rules tells us that higher the TF, better the reliability of important price zones.

✅But, PA rules also tells us that big moves begin on smaller TFs.

Multi TF trading setup combines the best of both.

✅ Higher TF for marking important price levels.
✅ "Lower TF sustained entry/exit" to time the best entry/exit.

Read 7 tweets

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