4) 10 concepts I wish I learned quicker post my three-year experience in the stock market.
Knowing these and working on them will save you a lot of time & money. If I did it all again, I'd focus on these concepts first before learning something else.
5) We'd all love to lower our trading costs significantly. That's where "synthetics" help us.
These are must-know concepts to help you build a strong foundation. Once you master them, you'll always pick the right strategy from a cost & and returns point.
Separates the beginners & the professional traders.
Best traders bet big when odds are in their favor. Think of the number 1 trader we know and how he uses this to his advantage. Study your highest profit trades.
Only to be used when all odds are in our favor.
2. Execution power
Without executing on your ideas/analysis, you will gain nothing.
Gradually scale up from:
1. Lower premiums to higher premiums. 2. Lower ROIs to higher ROIs.
Increase your execution power gradually with time.
But 98.8% of the new traders, don't know how to make one.
I analyzed @niki_poojary's account, to learn how we can create a plan on our own.
Here's the simple 8-step process:🧵
Step 1: Multi-time frame analysis
This is done to:
- Find the structure (HH-HL means bullish, LH-LL means bearish)
- Align trades with the trend on the longer timeframe
- Find important Support/Resistance levels
- Trendlines
She does this to find the direction and levels.
Step 2: Identify Patterns
There are two kinds of patterns: 1. Patterns on the chart. (Eg, symmetrical) 2. Candlestick patterns. (Eg, Bearish Engulfing)
She keeps a track of all these patterns and updates them on @niki_poojary daily.