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:

Thread 🧵
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!

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One can also check this free online course

stockmarketcourses.in/s/store/course…

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More from @indraziths

Aug 26
Breakout Trading is the most underrated trading technique in the trading community!

Every trader (intraday, swing, positional, or scalper) should know how to differentiate between a genuine breakout and a false breakout.

Do you know why?

Read this thread!

(1/N) How to differentiate breakout from false breakout?
It’s important to understand two herds that exist in the market:

1. Smart Money &

2. Dumb Money

‘Smart Money’ refers to big sharks who have money & information power who give direction & momentum.

‘Dumb Money’ refers to retail traders who often try to make quick money.

(2/N)
You should know one secret now.

Participation from smart money creates a "genuine breakout."

And the absence of smart money participation results in a "false breakout."

Hence, it is always a good idea to follow smart money (by knowing real or false breakout)

(3/N)
Read 20 tweets
Aug 12
"VOLUME is the ultimate Trading cheat code" PART 2

Please read the FIRST Thread Before Reading this!



#StockMarket #stock #volumeintrading
#1 Volume Color Can Create a False Illusion

At first look, it looks like a big volume spike.

But if you notice the price candle, it has a big selling wick.

It indicates "SELLING PRESSURE" is high at that time. Volume spike false impression
We can easily avoid this false impression using the "BLACK" color code across all the volume bars.

Now your mind doesn't assume it is a bullish volume spike!

(If you don't want to use the black color, then view the chart without getting any bias based on the volume color) Volume color code plays a c...
Read 23 tweets
Aug 6
VOLUME is the ultimate Trading cheat code.

But, most people never use it in the right way – because no one ever taught them how.

Here are 10 psychological triggers to knowing Volume in a better way :
Traditional idea of Volume:

- if the price increases with an increase in volume, it is BULLISH
- If the price is increasing without volume, it is BEARISH
- if the price is falling with an increase in volume, it is BEARISH
- if the price is falling without volume, it is BULLISH Price-Volume Relationship in Stock Market Trading
But this doesn't hold good every time!

Let's look at some examples.

Ex #1: Tata Consumer (Daily Chart)

Here the price has gone upside from 640 to 780 without any increase in the volume! Tata Consumer Chart
Read 25 tweets
Jul 16
The MBA in Trading Psychology

15 timeless classic books from different parts of the world.

On Trading Psychology, trading as a business, money, psychology, finance, and more:

Like & Retweet! Top 15 books to improve your trading psychology in stock mar
1 - Trading in The Zone

This is a classic book by Mark Douglas, and you will see this book in most categories in the stock market.

Trading in the Zone will teach you how to set yourself up for success by developing powerful mental habits and attitudes towards your trading. Trading in The Zone by Mark Douglas
2 - Reminiscences of a Stock Operator

It's all about Jesse Livermore and written by Edvin Lefevre.

Jesse is one of the most famous & debated traders in history. This book follows his life from his childhood until he gains fame as "The Greatest Bear of Wall Street." Reminiscences of a Stock Operator by Edvin Lefevre
Read 17 tweets
Jan 21
Top FREE features of @tradingview

Read this!

Like and Retweet!

>>> 🧵Thread 🧵<<<

(1/N)
1 - PAPER TRADING

It provides a paper trading facility with a default fake balance of $100,000.

t tracks all the paper trading orders and indicates how much Profit or Loss (PnL) is with the trades.

Trading Panel -> Paper Trading



(2/N)
2 - SCREENER

It provides a screening facility to shortlist the stocks based on both fundamental & technical criteria.

Select 'Stock Screener' at the bottom.



(3/N)
Read 11 tweets
Dec 24, 2021
Are you facing difficulty to understand MARKET PROFILE?

Read this!

12 Simple Concepts of Market Profile

>>> Thread 🧵<<<

(1/N)
Market Profile is a technical concept with a unique charting technique developed by Peter Steidlmayer in 1985.

Market profile is a style of plotting "Price" on the Y-axis and "Time" on the X-axis, which most of the time form a bell-shaped image as the body of the profile

(2/N)
Market Profile helps day traders identify Other Timeframe Participants (Big players) who have money and information power.

Our job as short-term traders is to follow these big sharks which give direction to markets.

(3/N)
Read 14 tweets

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