Got questions about how I trade?
Who I am and how I started?
Or what resources I recommend to learn trading?
🧵Check this thread before you ask questions or DM me 👇
Also:
⚠️I never DM first
⚠️Beware of imposters
⚠️I do not manage anyone's money
⚠️I am not selling anything
Who I am and how I started?
Or what resources I recommend to learn trading?
🧵Check this thread before you ask questions or DM me 👇
Also:
⚠️I never DM first
⚠️Beware of imposters
⚠️I do not manage anyone's money
⚠️I am not selling anything
Frequently used abbreviations in my tweets: 
About my trading:
- I am a full time trader trading the US stock markets
- I traded part time for 10 years from 2011-2021 while studying #Economics at the @UChicago
- I have been trading full time since 2 years after graduating from my #PhD at @Yale
- I am a full time trader trading the US stock markets
- I traded part time for 10 years from 2011-2021 while studying #Economics at the @UChicago
- I have been trading full time since 2 years after graduating from my #PhD at @Yale
- I come from a trading family
- Even my great-grandfather was a well known trader and my goal is to carry forward my legacy:
en.wikipedia.org/wiki/Govindram…
- I am primarily a swing trader
- I trade long and short
- I am not an investment advisor and you should not follow my trades
- Even my great-grandfather was a well known trader and my goal is to carry forward my legacy:
en.wikipedia.org/wiki/Govindram…
- I am primarily a swing trader
- I trade long and short
- I am not an investment advisor and you should not follow my trades
Scan and :
- At the end of the day, I scan for stocks that have made big moves on high volume
- I then Flag the stocks that have a strong catalyst in TC2000
- Examples of strong catalysts: Earnings, new product, new contract, new CEO, new, analyst upgrade etc.
- At the end of the day, I scan for stocks that have made big moves on high volume
- I then Flag the stocks that have a strong catalyst in TC2000
- Examples of strong catalysts: Earnings, new product, new contract, new CEO, new, analyst upgrade etc.
Watchlist:
- Everyday I then go through all Flagged stocks Star ones that meet my setup criteria [see next post]
- These stocks make up the watchlist I post on Twitter
- I do the same for longs and shorts
- Everyday I then go through all Flagged stocks Star ones that meet my setup criteria [see next post]
- These stocks make up the watchlist I post on Twitter
- I do the same for longs and shorts
Swing trading setup “Flag”:
- Stock has momentum and gone up on huge vol
- It then goes sideways or downwards on low vol
- Entry is either on h1 / break of line of least resistance / 5min ORH
- SL is either LOD or swing low
- Stock has momentum and gone up on huge vol
- It then goes sideways or downwards on low vol
- Entry is either on h1 / break of line of least resistance / 5min ORH
- SL is either LOD or swing low
Sell Rules:
- In Bearish/Uncertain mkts: Sell 80% in 3-5 days. Trail 20% with a close stop
- Bullish mkt: Sell half in 3-5 days. Sell half at c <10/20ma
- At start of a new bull market: Sell half on third leg up. Sell half at c<50ma.
- Move stop up at each swing low on the daily
- In Bearish/Uncertain mkts: Sell 80% in 3-5 days. Trail 20% with a close stop
- Bullish mkt: Sell half in 3-5 days. Sell half at c <10/20ma
- At start of a new bull market: Sell half on third leg up. Sell half at c<50ma.
- Move stop up at each swing low on the daily
Position Sizing:
- I use progressive exposure taught by @markminervini
- I start trading with positions where I risk 0.25% of my total equity
If 2-3 of the positions do well, I increase ROTE to 0.5%
If I get more traction, I trade full size at 1% ROTE
cont...
- I use progressive exposure taught by @markminervini
- I start trading with positions where I risk 0.25% of my total equity
If 2-3 of the positions do well, I increase ROTE to 0.5%
If I get more traction, I trade full size at 1% ROTE
cont...
- If my stocks are not getting traction, I do the reverse and reduce position size from 1% to 0.5% to 0.25%
- I take a max of 2 risky positions at a time to cap max intraday loss to <2% of acct
- When indices get overbought, I reduce exposure (by not buying, or buying smaller)
- I take a max of 2 risky positions at a time to cap max intraday loss to <2% of acct
- When indices get overbought, I reduce exposure (by not buying, or buying smaller)
Tools of the “Trade”:
- Charting software: TC2000.com
- Broker: @IBKR or @CharlesSchwab
Best videos:
youtube.com/playlist?list=…
Best books:
- Qullamaggie.com
- Stockbee.com
- @markminervini’s books
- @1charts6's book
- Steve Nison's books
- Charting software: TC2000.com
- Broker: @IBKR or @CharlesSchwab
Best videos:
youtube.com/playlist?list=…
Best books:
- Qullamaggie.com
- Stockbee.com
- @markminervini’s books
- @1charts6's book
- Steve Nison's books
- Please go through these resources multiple times. Everything I do is in there
- There are no secrets and no holy grail in this biz
- There's no substitute for hardwork, practice and experience
- It took me 10 years to become consistently profitable. Be patient with yourself
- There are no secrets and no holy grail in this biz
- There's no substitute for hardwork, practice and experience
- It took me 10 years to become consistently profitable. Be patient with yourself
- I also do a movers study every weekend and post examples of the setup I trade
- Go through the tons of examples on my Twitter feed and imprint the chart patterns in your memory
- Once you have put in the time and hardwork, if you have specific questions I am happy to help😃
- Go through the tons of examples on my Twitter feed and imprint the chart patterns in your memory
- Once you have put in the time and hardwork, if you have specific questions I am happy to help😃
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