I don't check DOW late at night and worry about what it will do. Never done it in many many years I can think of. Yes, when I started out I used to. Futile exercise it is.

I don't worry about gap downs like most of you do. No gap down can wipe me out because I position myself that way. It can at max damage me 2-3 or maybe 5% something I can recover from.

P.S: No gap down has ever hit 2% of my port forget 5. Position size is the key.

I don't have any indices on my screen. I can swear by my life that I don't know where NIFTY and Sensex are. They don't make money for me. Stocks do. And stocks make those indices.

From the time I have gathered the right skills to make money, I have NEVER had any large losses. I will not let a small loss snowball into a big one. Will happily take a small hit, step back and hit again when I see a trade.

I catch falling knives contrary to what has been preached by many (Including me in my starting years). Every falling knife slows down at some point which is what I try to catch. The R/R they offer is way better. Best is you can do SIZE as..
the majority is selling this stock and you can buy a huge quantity with ease. Getting a huge fill on continuation breakouts is not always successful. Illiquid ones take off without you.
Should have tweeted this at the start

I don't have TARGETS. Most of you keep asking me the target and I do not reply back because I'm clueless as you. God and a liar can give you a target. I just focus..

I do not believe in max allocation to be under 25% in any stock. I have had 100%+ in one. But, yes I will not take it home if it does not give me some instant profit. I will take home only the part which will not kill me if there is a gap down. Risk first. Always.

You cannot consistently hit triple-digit returns with 10% size. Listen to Mark Minervini's recent Marketsmith interview. In his words, he would invest 400% in 1 stock with ease but will not take it home.

He is up 262% as on 31-08-21
Source: financial-competitions.com

I don't know who this 'operator' gentleman is. Have never known. Never can find out. Never cared and yet have made money.

Good luck to you if you care about it.

I don't answer this because I usually don't have views. Markets are dynamic. My view can change with the next bar. You have to be fluid. If I have a tight zone in any up trending stock, I will take the breakout. No idea how far will it go.

I never trade BSE stocks. The entire exchange sees relatively low volumes than NSE.

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More from @iManasArora

7 Oct
#NewPosition - LONG in #FILATEX at 107

1% stop


5R trade

Bought at 107 with a 1% stop


Sold 1st 1/3rd position at 11 times risk gains. Had updated in the MB sheet, the market is going to give bigger gains so wait for it.

Bought it yesterday at 107 with a 1% stop
Read 4 tweets
31 Aug
You thinking you can’t do BTST anymore? WRONG!

You just need some extra money (if you wish to continue to work smoothly for next T + 3 days)
If no spare funds, then wait for T+2 days for partial ease of limit and T+3 for full limit.

P.S: This margin rule is NOT new.
For every scrip, the VAR margin requirement is different (based on scrip’s volatility). It ranges from 20 to 100%. Till today the rule was you needed 75% of VAR in your account before you can place your order.

For example, VAR margin for SRF is 25% up front and for HAPPSTMNDS it is 100%.

To buy SRF, you needed 75% of 25%(VAR) of total order value, for the order to go. Some small brokers may allow your order even otherwise, but you will be charged 1% penalty.

Read 6 tweets
13 Jul
#NewPosition - LONG in #JAICORP at 157 Image

166 (5r gains)

A free trade now Image

Sold 1/3rd at 169.45 (at 7.5 times the risk)

Bought at 157 with 1% stop Image
Read 7 tweets
13 Feb 20
Another way to create a new position or add to an existing one (Pyramiding), known as Squat!

Read on:
Bought #Dixon using 4 to 8 weeks breakout method using the weekly time frame.

The stock went below the breakout line & stayed lower for a few days (Daily frame). Came back up above the line again which is where I bought more. Imagine the legs exercise behaviour, Squat. ImageImage

Cup & Handle breakout on the daily frame. The stock went below the breakout line and stayed lower for a few days. I bought when it came back again & 'closed' above it. Another squat behaviour. ImageImage
Read 6 tweets

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