A lot of people watch the #SGX pre and post close , and I know whatsapp and telegram groups are always focussed on the #Sgxnifty moves post our close.

New guys think what happens on SGX gets carried to Nifty next day .

Misconception NO 1.
Most SGX traders are short term traders and capitalise and close gains within hours.

This is the reason you won't see a follow through at the open. They are fixated on the global front and if that changes they move out.

The added hours help them to do so.
You will see memes of a drunk woman at night and a sober lady in the morning for SGX justifying the moves which took place overnight :)

A little bit of fun does not hurt

Reality -Open opportunity was closed in huge profits by funds who show up next morning with big big smiles
A lot of people are not aware that for the same 100 points of Nifty move, an SGX trader makes 3X the amount of money you and I make

If you had a 100 point win in NF, you make 5000 per lot
Your SGX friend made about 15,000 INR @75 to the dollar

Same work
Return 3X.
Every point move on the SGX is $2. For the same margins. Do the math

And there are no option traders to come and spoil the fun. Clean moves based purely on what the US and European markets do.

Why will he wait for our Option maharathi's to come and spoil the fun in the morning.
Truth be told, the 2 markets are very different and operate differently.

Many people waste their time watching SGX and expecting a follow through next day.

Some people even waste their holidays :)

All the information relevant to our market, is already in our price.
So it is simply this at SGX.

See profit . Book profit

Wouldn't you and I do the same?
Except they made 3X for the overnight work
Some party that is.

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More from @Am_Shai

8 Jan
It's the weekend and time for a thread.

I would like to share my views on #Trading and #Investing.

I see a synergy in the 2, fully aware that there are radical and often polar opposite views for both trading and investing.
Most traders diss investors and most investors do not think kindly of traders.

Investors talk in terms of wealth creating and urge you to invest savings etc in investing. Those who do so end up with the "good life" at 65-70 with no friends to share the riches with.
Traders on the other hand are constantly working for that extra few percent every month.

You cannot be wealthy, till you can make money whilst you are sleeping also.

Leveraging creates wealth.
Read 20 tweets
28 Aug 21
It's the weekend & I'd like to share with you a money making strategy in the #MarketProfile approach to trading the markets

And No ! I won't ask you to grab a cup of coffee & read this

Weekends are for more than coffee :)

But do take notes. There is a definite edge in this
First and foremost, to all who are new to the #MarketProfile- (MP) is a robust system of trading which involves Price, Time + Volume- 3 parameters

All 3 together, hence a bigger edge to us as traders

You can start reading about the #MarketProfile at - vtrender.com/what-is-the-ma…
The strategy we are going to look at today is called the Initial Balance strategy

The name is important

What's in the name?

Lots! & the game too

The Initial Balance is the first 60 minutes of trading. Now you understand why we use the word Initial .

But Why 60 mins?
Read 17 tweets
26 Aug 21
#35500 call #dukaan

sl at 185 tgt 310
265 bookd half
#BNF #Orderflow was clean and long from the open.

My long view from 09.30 am
The entire trading room was long and no one picked shorts as #process was clean for us Image
Read 6 tweets
14 Mar 20
I work with candle sticks also. They are present in all my #Orderflow charts  and I have them plotted to the left of my charts .

This disclaimer to all who think I do not use candle sticks and bars.

I repeat they are present in all my charts, even my #Orderflow charts.
But for intra-day , if you are using 5 mins and 15 mins or even 30 mins and using them to make decisions, you are at a big disadvantage.

Allow me to explain. I'll take a few minutes
Candles give us the Open, High, Low ,Close. We call it OHLC.

- 4 parameters to make trading decisions out of.

Then the relation between the open and the close and the shape it gets decides

a) the color of the bar
b) Bullishness or bearishness

Would you agree?
Read 15 tweets
14 Jan 19
Around the last week of October I was aware of 2 big conferences which would bring together a lot of new traders, & a few struggling ones, & I had made up my mind to speak at one of these on #MarketProfile and using the message of the market well, to stay ahead of the curve(1/n)
It was a choice for me, and I wanted to offer my time to the one who first came to me. Of the two, TC had built a reputation for conducting these events, and DE was a new kid on the block with people who had previously worked with TC. So there was no choice between the 2 actually
For those unaware, the 2 groups bring together a section of speakers through a discretionary process , for benefits ranging from gate money which is the price you pay for entry to sponsorships to selling their charting software which is true for DE and so far not the case with TC
Read 12 tweets

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