Thread by @AdityaTodmal

15 Learnings from Power of Stocks: 🧵

Collaborated with @niki_poojary

1. "Inside candle Strategy"

• His go-to strategy
• Great risk reward
• Identify on 15 min candles
• Trade all without fail

In every video, he talks about this strategy and trades the same too.

2. "Price ko samjane ka koshish karo."

• Everything is based on price action
• No need to check OI data
• Even the psychology of traders can be understood via price

Focusing on only one thing such as Price will shorten the learning curve to become a trader.

3. "Support & Resistance"

• Jab market sharp fall krta he to V shape me recover nahi hota.
• It will face resistance at many levels
• SImilarly when market rises it wont go down 90 degree
• It will face support at multiple levels

Just look at these levels.

4. "M & W patterns"

• Spot M pattern near the resistance
• Spot W pattern support
• Check for the W pattern for entry.
• First pullback me hum log buy nahi karenge.
• Pehle W pattern banne do, confirmation aane do.

These two are also his favourite patterns.

5. "Pullbacks"

• 1st pullback is never for counter-trend trades
• After an uptrend, never sell in the first pullback
• In a downtrend market, never buy in the first pullback

Don't get trapped in the first pullback in any trend.

6. "Counter-Trend"

• During trends trades with the trend can be taken without confirmation but counter only after PA

7. "Vertical upmove doesn't sustain"

• Correctly identified bitcoin crash
• Vertical upmoves are not healthy
• Logic is that since buyers have huge profit
• When they book profit markets fall a lot
• Probability of being trapped if you buy after an extended move is high

8. "Consolidation ke baad Trending"

• After a trending market we should expect consolidation
• After a consolidating market we should expect trending
• Check his last week video
• Correctly identified a strangle week last week

9. "Money management is very important"

• For eg, If you've made 1 lakh profit
• Divide your profit into 3
• Risk it in 3 trades
• Trade only when setup comes

10. "Risk-reward"

• Don't trade without good R:R
• Risk reward should be minimum 1:2
• Expiry day only 1:1 is okay
• Option buying should have 1:4 RR
• To make up for the losses

11. "Importance of round levels"

• Round numbers becomes a level to watch for
• Book profits near round numbers
• They are good targets
• Buy as close to a support/round number

12. "Opening price compared to closing price"

• After a day low close if the market opens gap up sellers are trapped look to go long post PA confirmation
• After a day high close if the market opens gap down buyers are trapped look to go short post PA confirmation

13. "Breakout Timings"

• Breakout before 12 PM
• Mostly won't sustain.
• Timing of breakout is important
• Morning breakouts usually fade
• Afternoon breakouts are genuine

Should know timings when trading breakouts.

14. "World Indices"

• Also no need to watch all fuss around world indices
• Just have a trading plan
• If things work according to your plan
• Then take a trade

Watching world indices doesn't help and he never talks about them as well.

15. "Trading takes time"

• Take it slow n learn things 1 by 1
• Don't try to do everything at once
• Can get leverage once you're a good trader
• Work in silence, let your work make noise
• Don't compare your journey to others
• Try to on work single strategy only

By the way, we write threads every week.

Follow to never miss them.

See past threads here:
@AdityaTodmal & @niki_poojary