I am planning to put a thread on everything I do to make money by doing swing trading through Price Action.
From Finding Stocks,Filtering them,PA analysis, volume analysis,my psychology, where I book loss, When I book profit, position sizing and almost everything i do.
Follow this tweet, I will write below this tweet for few days slowly.
More topics you want to add?
Finding stocks -
For swing trading, we need stocks which are in momentum, as we have limited capital, and we don't want to put it in a stock which is in consolidation.
Generally when a stock breaks 52 weeks high, Range high, Multiyear high's. They move fast.
I use Screener for that, Screener is good website for finding good stocks, It is a little time consuming but okay.
Go to ,choose and screen and replace the query with Current price > High price * .90 AND Market Capitalization > 500 AND Promoter holding > 55 This will fetch you good stocks.screener.in
70% of Traders lose money in starting days of their trading Journey.
Some get anxious, some get depressed and demotivated while some lose more money trying different ways to recover their money.
You've lost money and thinking what to do, these are the Options.
A Thread🧵
Here is what people generally do -
They try to recover the losses with very less capital.
Try to get more profits with Leverage, Intraday Trades and Options, and Guess what?
End up losing all their capital.
Trying to make back your losses by continuing your mistakes = Imposble
A 10% loss requires a 11% gain to get back to even
A 20% loss requires a 25% gain to get back to even
A 50% loss requires a 100% gain to get back to even
A 90% loss requires a 900% gain to get back to even
So If you have lost 50% of your capital, You will need 100% gain.