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Mar 4 • 14 tweets • 5 min read
Some people think technical analysis is useless.

But we use technicals in all our trades.

Here's a list of 12 technical analysis books to help you learn and grow: 🧵

Collaborated with @niki_poojary
Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

The ideal time to buy/sell, using the best long-term indicators to spot Bull and Bear markets Odds.

Author: Stan Weinstein

amazon.in/Stan-Weinstein…
Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

How to develop the confidence to achieve super performance.

Author: Mark Minervini

amazon.in/Think-Trade-Li…
Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market

Selecting precise entry/exit points, preserving profits, and getting consistent 3 digit returns.

Author: Mark Minervini

amazon.in/Trade-Like-Sto…
Zerodha - Module 2 Technical Analysis

Support & Resistance, Dow Theory, Indicators explained.

Author: Zerodha

zerodha.com/varsity/module…
Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader

How to better time your entries and exits—without relying on indicators & news.

Author: Rayner Teo

amazon.in/Price-Action-T….
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

How to read charts to understand indicators and the crucial role technical analysis plays in investing.

Author: John J Murphy

amazon.in/Technical-Anal…
The Richard D.Wyckoff Method of Trading in Stocks: TAPE READING AND ACTIVE TRADING

How do the professionals who are buying/selling & accumulating or distributing a particular stock take a position just before the stock moves?

Author: Richard D.Wyckoff

amazon.in/Richard-D-Wyck…
Technical Analysis of Stock Trends

It Covers technical theories such as The Dow Theory, reversal patterns, consolidation formations, trends, and channels.

Author: Edwards & Magee

amazon.in/Technical-Anal…
Trading Classic Chart Patterns

A scoring system that makes trading chart patterns simple.

Author: Thomas N. Bulkowski

amazon.in/Trading-Classi…
Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market

Learn powerful concepts like Two-Day Pivot Relationships, Pivot Width Forecasting, Pivot Trend Analysis, and Multiple Pivot Hot Zones.

Author: Frank Ocha

amazon.in/Secrets-Pivot-…
Getting Started in Technical Analysis

In-depth coverage of:

• Chart patterns, continuation, top and bottom formations, the importance of failed signals.
• Trading systems-trend-following, pattern recognition.

Author: Jack D. Schwager.

amazon.in/Getting-Starte…
How to Trade In Stocks

Step-by-step guidance on:

• Reading market and stock behaviors
• Analyzing leading sectors
• Market timing
• Money management
• Emotional control

Author: Jesse Livermore

amazon.in/How-Trade-Stoc…
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More from @AdityaTodmal

Aditya Todmal Profile picture
Mar 6
The best spreads trader on Twitter: @Ronak_Unadkat

He trades in Nifty & Bank Nifty via spreads majorly.

In the Jainam Broking Speech, he shared how he trades debit and credit spreads:

Here's a breakdown of his 10 step method: 🧵

Collaborated with @niki_poojary
1. Why trade via spreads?

Overnight risk will be always capped
Limited Risk will keep you cool
Hedge our position

Strictly not to do for margin, as that will lead to overleveraging.

Traders Sell option for 100 and buy 10 rs option.

That is for margin reduction, not a spread. Image
2. Circuit:

If the market opens at the lower circuit or upper circuit, then our loss should be limited.

Eg - Expiry Trading on the 24th Feb Expiry

The market gapped down & traders lost huge sums of money.

Some lost 15% or 20% of their capital in a 4% index move.
Read 16 tweets
Aditya Todmal Profile picture
Mar 5
A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary
Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this link.

derivativefind.icicidirect.com/find20/Derivat…
Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down Image
Read 10 tweets
Aditya Todmal Profile picture
Mar 1
How to save tax when income is above 50 lakhs?

Here are 9 benefits of trading in a corporate account: 🧵

Collaborated with @niki_poojary
1. Make a Pvt Ltd Company.

Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.

Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.
2. Surcharge Benefits:

You will be charged a lower surcharge in a corporate account.

Check the picture below:
Read 14 tweets
Aditya Todmal Profile picture
Feb 27
Twitter is like a free workshop.

But 98.8% of the people miss out on the best tweets.

Here are our best threads from February & what they can help you with:

Collaborated with @niki_poojary
1) How to use Tradingview paid features in the free plan?

This will save you a lot of money each year. Also a huge help with multi-timeframe analysis.

2) After constantly working with @niki_poojary I finally learned how to make my own trading plan.

I listed down her simple 8 step process to create a plan:

Read 8 tweets
Aditya Todmal Profile picture
Feb 22
In NSE, 99.6% of the trading is done in derivatives.

But most of those traders don't know how to lower costs and increase returns.

Here's a breakdown on Options Synthetics: 🧵

Collaborated with @niki_poojary
To become a very good trader, we need a strong understanding of options and Futures with their payoff graphs.

Most people have no clarity regarding synthetics & are just too confused.

Let's begin understanding synthetics & how they can help us trade with a clear understanding!
Synthetics are formed by the mixture/combinations of any two of the following three.

1. Calls
2. Puts
3. Futures/Stocks

You don't even need to touch futures/stocks. Whatever kind of payoff graph you want, you can get via options only.
Read 17 tweets
Aditya Todmal Profile picture
Feb 20
I've been trading for the past 3 years.

Here are 10 concepts I wish I learned quicker: 🧵

Collaborated with @niki_poojary
1. Conviction

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.
Read 13 tweets

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