Indrazith Shantharaj Profile picture
Sep 2, 2022 10 tweets 6 min read Read on X
Struggling intraday traders will spend TIME to save MONEY.

Successful intraday traders will spend MONEY to save TIME.

But this world has many beautiful souls, and they offer their products for free users.

Top-8 FREE TOOLS for Intraday Trading:

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1 - Tradingview

It is the #1 charting platform in the world.

You can view all charts for free. Besides, you can also use this tool for

- Backtest
- Set alert
- Screening
- Paper Trading

Check this for more details:
profiletraders.in/post/tradingvi…

@tradingview
2 - Chartink

Scanning good stocks for next-day trading is an essential process for day traders.

It contains 1000s of screeners on various criteria.
@ChartinkConnect

chartink.com/screeners Chartink screeners
3 - Gocharting

It is the first Indian web-based market profile & order flow charting platform.

Along with charts, one can also see free EOD market profile charts, multiple-charts-in-one window, and options chain details for free

@gocharting

gocharting.com/terminal?ticke… gocharting free market profile and orderflow platform
4 - Opstra Define Edge

Some options strategies are difficult to visualize the P&L.

But Opstra provides a simple interface to know the outcome of your strategy (P&L, probability of success, max loss, max profit, etc.).

Know more
profiletraders.in/post/how-to-te… Opstra Define Edge
5 - Ninja Trader

It is a powerful trading platform for day traders.

It has many charting, analysis, and backtesting tools, which immensely help day traders.

Software is free, but one must buy the data to use it. Ninja Trader
6 - NSE Options Chain

For day traders & options traders, option chain data is crucial.

It helps traders check the liquidity, price, Implied Volatility (IV), and Open Interest (OI) details of each specific strike price option.

NSE Options chain - nseindia.com/option-chain NSE Options chain
7 - Options Decoder

Options OI details are important to understanding big players' games.

Anyone can see options OI details for free after market hours.

options-decoder.truedata.in/ce-pe-differen…

@truedata1 @TrueData2 Options Decoder by Truedata
8 - Amibroker

Anyone can use amibroker for free for backtesting, historical analysis, optimization, etc.

But one has to buy the license only if they aim to deploy algo trading. Amibroker software for backtesting
That's a wrap!

If you enjoyed this thread:

1. Follow me
@indraziths

for more threads on the stock market trading

2. RT the tweet below to share this thread with your audience

One can also check this free online course

stockmarketcourses.in/s/store/course…

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More from @indraziths

Dec 29, 2023
𝗗𝗼𝗻'𝘁 𝗠𝗶𝘀𝘀 𝘁𝗼 𝗦𝗲𝗲 𝗧𝗵𝗲𝘀𝗲 𝗕𝗥𝗘𝗔𝗞𝗢𝗨𝗧 𝗦𝘁𝗼𝗰𝗸𝘀!

Breakout Stocks as of Today!

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#BREAKOUTSTOCKS #breakout #breakoutbook (1/8)
#1 - Hind Unlvr

A decent Breakout

(2/8) Image
#2 - Dabur

Broke the previous resistance with force!

(3/8) Image
Read 8 tweets
Dec 27, 2023
𝗗𝗼𝗻'𝘁 𝗠𝗶𝘀𝘀 𝘁𝗼 𝗦𝗲𝗲 𝗧𝗵𝗲𝘀𝗲 𝗕𝗥𝗘𝗔𝗞𝗢𝗨𝗧 𝗦𝘁𝗼𝗰𝗸𝘀!

Breakout Stocks as of Today!

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(1/7)

#Breakout #breakoutstocks
#1 HDFC BANK

A good Breakout and price closed above the trendline

(2/7) Image
#2 Indus Ind Bank

Price showed a small breakout after many days of consolidation. It can go big in later days!

(3/7) Image
Read 8 tweets
May 26, 2023
Any book will not convert a "NORMAL PERSON" to a "SUCCESSFUL TRADER"

But a good book can show the PATH TOWARDS SUCCESSFUL TRADING.

It is individual's responsibity to walk in that path to taste success.

Listing TOP-25 books across 9 aspects of Trading!

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(1/N) Image
Disclaimer - Shortlisting just 25 books among millions of books is not an easy task.

I have also included my books in the list as I truly believe they belong to that category.

If I miss any other good book, please mention in the comment section.

(2/N)
Category #1 - INTRADAY TRADING

1) The Subtle Art of Intraday Trading - amzn.to/3IFReTY

2) How to Make Money in Intraday Trading - amzn.to/43mslo8

3) Master Mind of Day Trading - amzn.to/43iYsVY

(3/N)
Read 12 tweets
May 19, 2023
Disappear for 30 days

And

Set yourself 5 YEARS AHEAD IN TRADING

just by following these 7 steps!

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(1/N) Image
#1 - Fix your Physical Health

It might look like a surprise, but good Physical health plays a crucial role in Trading.

Do one activity daily:

- Walk 10K steps,
- 10K cycling,
- 25 push up & pullups,
- Lift weight for 30 mins or
- 1-hour yoga

(2/N) Image
#2 - Fix your Mental Health

All the trade ideas are triggered in your mind first. Hence a sound mental balance is important.

Do this:

-Meditation,
- Affirmation,
- Practice Gratitude,
- Unfollow negative people

(3/N) Image
Read 9 tweets
Apr 29, 2023
I was at a coffee meeting with 5 close friends last week.

One person was on a strict diet, and I was curious to see how she would react at the table (as she can't deny coffee with close friends).

"You guys order; I will take a sip from each cup,"

she said.
I was surprised and also happy about her smart move!

We may not realize many things, but our actions say much more about us than our words!

Here are 7 triggers to manage Trading Psychology!

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(1/N) Image
What is Trading Psychology?

It refers to the mental state and emotions of a person when he sits for trading.

It represents characteristics of a trader that influence his action in trading.

(2/N)
Read 13 tweets
Apr 13, 2023
You take a LONG trade at open

Price moved upside, & you made some profits

After some time, the price started to come down

Now you don't know whether it is a TEMPORARY PULLBACK or a COMPLETE REVERSAL

5 Effective Ways to Know about it!

(1/N)

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#trading #StockMarket Image
#1 Look at Open Action

Open action (9.15-9.45) plays a crucial role in the day.

The presence of strong buyers indicates it is just a pullback.

The absence of strong buyers indicates a high possibility of reversal!

(2/N) ImageImage
#2 Look at the Last 2 Days' Price Action

The last 2-3 days' market sentiment plays a crucial role in the current day.

If it is positive, then there is a high possibility that the price is just showing a temporary pullback (and not a complete reversal).

(3/N) Image
Read 7 tweets

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