- Build a rock solid trading plan
- Treat trading like a business
- Limit your time spent with the trading business
- Take the extra time that trading allows you to have and spend it with your family
(2/n)
- Use all experiences positive and negative for building future plans
- Understand the products you are trading to the smallest details
- If a position or trade is giving you sleepless nights, get out of it immediately the next morning.
(3/n)
- Got to know of an alternate way of visualizing market movements
- Hieken Ashi charts take out a lot of noise and show the trend
- Need to read up on these more
(4/n)
- Position size is king
- A system trading approach can take out a lot of the human emotions that affect trading decisions
- Defense first (GMTA)
- Loved the Chess slide!
(5/n)
- Resilience and Conviction can payoff big time
- Interesting use of technical analysis on long time scales
- Learnt concept of Other Time Frame investors from @JainSumeetS & @ProAMTraider that ties in here nicely
(7/n)
Help others gain from your learnings.
Be the #forcemultiplier
- Helps to practice your presentation with a 10 yr old.
- My son wanted to attend and wanted me to use a #chess analogy instead of boxing to discuss defense
- Spoke for an audience after years, a little #nerves but happy to have gotten through it (8/n)
- Technical analysis tools like RSI allow straight directional traders to pick opportunities that can provide higher probabilities of success
- Filed for future exploration
(9/n)
- Just floored by the depth of analysis done by Kanti Kaka more than half a century ago.
- The history of this work needs to get out there
(10/n)
- Big collection of tools that can be used in conjunction with option strategies
- Continue following Chandan's column on ET for the OI analysis
(11/n)
- Trust your system
- Filter the noise
- Find your path to #tradingzen
- Baaki sab bakwaas!
(12/n)
- Just awesome collection of breakout patterns
- Be ready to flip position the other way when the breakout pattern fails
- Develop the flexibility to trade breakouts as well as the failed ones
(13/n)
- Keep the head calm by keeping your risk in control
- It is a market of emotions so spend time thinking about how your psychology affect trading decisions
(14/n)
- Another topic I know nothing about - Market Profile
- Learn more about this
- Market of emotions, auctions and more emotions
- Super Mario!
(15/n)
- Straddles used to determine market ranges
- Fascinating use of the changing profile of straddles above and below ATM
(16/n)
(17/n)
- Always look for ways to reduce risk in the portfolio. Put all energies in doing that effectively.
#DECMA
(18/18)