Hello Everyone. This is for everyone, who follows my call @CNBC_Awaaz . I always back the probabilities and try to give few picks which I've the max conviction upon. And my best of intentions is to offer my best. However there will be situations depending upon the market texture
Things will always not go as per plan. HCL Tech was picked up at around 1,200 yesterday 3pm. It made a high in the first 5mnt candle and came down. Now just because the call was given, please ensure to do your due diligence. Below are few pointers, and these can be applicable
to any of the trades you might have at your end. Try to follow these basic rules at least to save yourself from any major loss.

1: Check the HK Candles, see the body size & color continuation of candles.
2: Price Below VWAP (Avoid longs, or bring SLs closer). A must follow rule
3:ST (21/1) B/S signals must keep you on check
4: 8 Below 21 EMA should be a cause of concern
5: MACD Negative crossover must be also giving you a warning
6: RSI below RSI Avg. must keep your SLs tight or exit longs

Hopefully these are self explanatory. Follow these and
Add a layer of Options Data Reading, most of the times you will be in the right side of the market.

Finding a trade is the most easiest thing to do, managing a trade is another skillset all together. Own the time frame as per your wish (like 5 / 15 mints) for intra.
If you don't change the way you trade you will never be able to get the rewards that you always want to. Please follow at least this basic setup and you should be fine. Always do your own due-diligence. My long trade for HCL TECH..

Cheers

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More from @asitbaran

11 Sep
Came across few YT videos related to trading. Am not sure abt the craze and but it’s surely appalling the ways things are being narrated. Please watch the right ones to be Inspired or shorten the learning curve. Quite a bit of crap is floating around from all around. There is no
Accountability. Don’t follow things blindly, ensure to do your own due diligence. Cheers
Having said the above, personally speaking, I’ve benefited immensely from the handles of these below, and try to go through their content whenever I get time, (not in any particular order), @piyushchaudhry , @MaverickAmit01 , @Rishikesh_ADX , @InvesysCapital , @SubhadipNandy16
Read 5 tweets
3 Jul
Hello Everyone. Thank you for the lovely wishes. Just thought to create a master thread of my timeline, so that all the past tweets can be organized better. Just an effort to have everything at one place. There is much more to this, will keep adding in time to come.
1. My initial part of the trading journey was covered by MoneyControl, and had it not been the conviction of Shishir Sir, a very dear friend and brother now, it would've never been published. So Thank You @asthanashishir Sir for the push 🙏🙏

2. Over the period of time, have written few threads in my own understanding on varied topics, and hopefully it will be a worthy read for you. Tried to collate and put it in one place. Will keep adding too the list as and when I put more.
Read 21 tweets
24 May
A thread on Basic Checklist while going Long Options.

Thought of writing this post for people who are doing Option Buying and losing money. It can be very basic, so Pros please may give a skip.

Just a checklist so that you don’t lose big money by Long Option strategies
2. where you play for the Ds. D for Delta & D for Direction.

The thought of writing this piece came from this message which I received couple of days back..
3.

“Good Evening Asit Sir,

Required your suggestions on some Call Option I am stuck
Vedanta CE 295 @ 8 cmp: 1.7
Bhel CE 77 @ 3.5, cmp: 1.2
IOC CE 110 @ 2.2, cmp: 0.75

Sir, kindly please🙏 suggest on this as waiting for costing value as I had deployed huge amount on it.”
Read 18 tweets
20 May
Have received lots of queries regarding my sophisticated Algos, thought of clarifying few misconceptions, sorry to disappoint most of you with my endless flaws, some of it am putting down

1. Coding Knowledge / Python and all Languages - NO
2. Algo - AI - ML Trading - NO
(in fact I do Call and trade in one of the accounts) Never bothered abt Slippage cost etc.

3. Complex Chart Studies - NO
Probably haven't drawn the trendlines and all in last few years. Don't look at charts Intraday, EOD Charts - YES

4. Options Strategies / Spreads - NO
believe in any of them), know the theories, much like any of the Pros but never executed any

5. Selling Options - very rarely, even knowing there are days Theta can give great money, but it never given enough motivation to put any trades, with being fully aware it can give me
Read 9 tweets
12 Apr
A small Guide for all traders who trade based upon their set-ups, Tips, Twitter or some other groups. Also for people wanting to Get into the Ring!

No matter who advices whatever, always remember nobody will come to rescue when your Capital goes down because of your wrong
positions. Treat your Capital like your own member of family. Protect it ferociously. Period!

In capital market, if you don't have adequate capital, you don't have business to be in the market. Stay Out, watch the game from sidelines. Invest in SIP, good quality stocks.
Don't try to be a player. You will be butchered! Before blaming market, look within and ask yourself what you have done to be here. If things are not working out, there must be something you aren't doing right. Could be "Risk Management" , "Discipline" , "Inadequate
Read 16 tweets
11 Apr
Small thread on ATRSTOCHA Strategy:

One of the strategies I follow with extreme bearish or bullish environment is the ATRSTOCHA. Which I shared in TC21. Sharing it here for wider reach

Along with Stocha. (OB / OS), ATR (Upper Band vs Lower Band) gives good Mean Reversal
1/
Need - ATR Band (21-3), Stochastics (default
)and HK (to be used as an indicator)

ATR: ATR is price actions', GPS. ATR informs as to where the current price action is in relationship to possible ranges it could move in. This helps with a directional bias.

2/
If we plot an ATR band (Upper & Lower), it will give the range. A band is plotted around ATR to determine if the price is in an uptrend, downtrend or moving in a sideways pattern

3/
Read 6 tweets

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