The only and the most important part to make money in trading is "RISK MANAGEMENT" 👨‍💼

This thread will focus on "HOW TO MANAGE RISK IN TRADING"

1/n Trading can be a great way to earn money, but it's also a risky endeavor. One of the most important aspects of successful trading is managing risk. Here are some tips on how to do that.

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A super thread🧵 on "Different type of Chart Patterns"

In the stock market, chart patterns are graphical representations of historical price movements that can help traders identify potential buying/selling opportunities. Here are some common chart patterns that traders use
1/n 1. Head and Shoulders: The head and shoulders pattern is a technical analysis chart pattern that signals a potential trend reversal from bullish to bearish. It consists of three peaks, with the middle peak being the highest (the head) and the two side peaks being lower

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15. Learn about technical analysis: Learn about technical analysis, which is a method of evaluating stocks based on charts and indicators.

9/n 16. Understand fundamental analysis: Understand fundamental analysis, which is a method of evaluating stocks based on company financials and economic factors.

17. Invest for the long-term: Invest for the long-term and don't try to time the market.

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Want to learn stock market from scratch ?

A thread 🧵 on 'How to learn stock market from scratch ✨️ ♥️

Learning the stock market from scratch can seem daunting, but with dedication and effort, it is possible. Here are 20 points on how to get started:

1/n 1. Read books on the stock market: There are many introductory books on the stock market that can help you understand the basics.

2. Watch educational videos: YouTube and other video platforms have many educational videos on stock market investing.

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A thread🧵 on how to be a successful trader 😊
This will definitely give you a lot to learn and implement.

1. Learn the fundamentals and technicals: The first step to becoming a successful stock trader is to understand the fundamentals and technicals of the stock market.
1/n This includes understanding the different types of stocks, how to read financial statements, and how to analyze trends and patterns.

2. Develop a trading plan: A trading plan is a set of rules that govern your trading activities.

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A thread 🧵on my biggest learnings from the book "Trade Like A Stock Market Wizard"

This book mainly focuses on points that made @markminervini one of America's most successful stock traders.
1/n A great introduction where the importance of endurance and sense of pacing is discussed.

Even Mark didn't started with success. He repeated the same mistakes that most of the newbies do. After years of study and practice he was able to achieve the super performance.
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A thread on "How to be more disciplined in Trading"

1. Firstly if you think you wil be indisciplined all your day , and you can be disciplined during 9.15-3.30 , it's impossible. So try to be disciplined in your daily routine like getting up on time , having food at time ,
1/n , sleeping at time etc. If you follow this , your trading discipline will automatically develop.

2. Always try to have a daily stoploss barrier in mind , suppose you have a capital of Rs 10 lakhs , you decide to fix x % of the capital, if the loss crosses that % , just stop.
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Thread on some pro tips which will help you improve your trading to next level(My 6 year experience summed up in a thread)

1. The more you sweat during practice , the less you will bleed during war - " Take time in learning , take small steps , increase your observation power , try to learn from gopd traders around you , the day you stop learning , you're dead. Never hesitate to ask queries to your friends/seniors/juniors. Always be curious to explore new things. Learning is a never ending process that will keep your mind alive and working.

This Thread will be advice for those who are planning to leave their job/profession to pursue full time trading as their profession.

I am a CA dropout and i know the struggle to jump from one profession to another and would like to share some of the important keypoints - 1. You should have no credit liability (Loans, CreditCards etc)
2. You should have atleast one additional source of income(Big/Small doesn't matters)
3. You should have savings for atleast next 3 years spends(Your living/food/day to day expenses)

Rakesh Jhunjhunwala became rich initially by Trading and not Investing.

Thread on the same 🧵

It is called genius because Jhunjhunwala made Rs 20 lakh to Rs 15,000 crore in 30 years through the stock market. And that Rs 20 lakh was also borrowed money at 20% interest. Jhunjhunwala used to trade standing outside the Bombay Stock Exchange with Rs 20 lakh in his trading account. In three years, 20 lakhs had become one crore rupees. But there was no significant profit for the next 2 years.

Thread on Chartered Accountants

Once an old man called his 3 sons, as he laid on his death bed

One was an engineer, other was a doctor and the third one was a chartered accountant He asked all his sons to throw 1 lakh on his body before burrying him to show how much they loved him

Then the old mad dies and on his funeral the grave was dug and the coffin was kept in

Now was the time for the sons to fulfill their father's last wish

Learning Thread On Open Interest
From the book "The new Trading for a living"
A long thread please read and retweet if you find useful.

Open interest is the number of contracts held by buyers or owed by short sellers in
any derivative market, such as futures or options

1/n Stock market shares are traded for as long as the company that listed them stays in business as an independent unit.

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25k webinar Done in a tweet
A sweet and simple BNF Setup i use
Alligator Setup
Retweet so that everyone can get benefited.
Check Full thread for full strategy.
1. You have to use 2 charts simultaneously , first chart of bank nifty spot 15 min time frame , candle used heikin ashi Second chart 15 min bnf future normal candle.
2. Indicator used is alligator , in the indicator you have to only use the jaw of indicator.
3. Whenever spot and future candle closes simultaneously below the jaw line , short at the low of the candle which closed below the jawline.

Bank Nifty View
Read Full Thread 🧵
36615/36520/36477 are upper resistance levels.
35611/35545 are lower support zones.
The levels mentioned above are the best risk: reward points where taking trade is very favorable in terms of R:R
Any rejection from these levels can be opportunity to enter trades.
So first way is to enter on rejection from any of these levels with a small SL and good reward.
Second way is to enter on breakout/breakdown of these levels and wait for a pullback for good risk reward entry.
If you want exact levels where i will take

𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗥𝘂𝗹𝗲𝘀 𝗨𝘀𝗶𝗻𝗴 𝗢𝗽𝗲𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁

1. When open interest rises during a rally, it confirms the uptrend and gives a green
light to add to long positions. It shows that more short sellers are coming into the
market.

1/n When they bail out, their short covering is likely to push the rally higher. When open interest rises as prices fall, it shows that bottom pickers are active in the market.

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Some of charts of Insurance Sectors which i personally feel to be weak.
1. General Insurance Corporation Of India
GICRE
Bearish Ichimoku Analysis
Weak Positionally
About to break support zone.
Closing below 118.9 can retest lows of March 2020
Bear Flag Pattern + H&S2

https://twitter.com/ArjunB9591/status/1316082222483468288

2. ICICI LOMBARD GENERAL INSURANCE CO. LTD
Bearish Ichimoku Analysis
Pin Bar in daily chart.
At support of 1200
Rooms for 1125 opens after we close below 1200
Inverse c&h pattern
H&S pattern

Learning Thread On Open Interest
From the book "The new Trading for a living"
A long thread please read and retweet if you find useful.

Open interest is the number of contracts held by buyers or owed by short sellers in
any derivative market, such as futures or options

1/n Stock market shares are traded for as long as the company that listed them stays in business as an independent unit.

2/n

Read Full Thread before getting fascinated about making money.
Just sharing to motivate young traders who have lost a major chunk of their capital and still have courage and enthusiasm to trade and become a consistent trader.

1/n Yes i blew up my capital 6 times between Sep 2015- May 2017 loosing around 9 lakh rupees.
By gods grace being from a well settled and upper middle class family i always knew that i had my family business as the lender of last resort.
But I didn't stopped
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#learningsbyab
𝐒𝐄𝐕𝐄𝐍 𝐆𝐎𝐋𝐃𝐄𝐍 𝐑𝐔𝐋𝐄𝐒 𝐓𝐇𝐀𝐓 𝐘𝐎𝐔 𝐌𝐔𝐒𝐓 𝐅𝐎𝐋𝐋𝐎𝐖 𝐓𝐎 𝐆𝐑𝐎𝐖 𝐅𝐑𝐎𝐌 𝐀 𝐖𝐈𝐋𝐃 𝐀𝐌𝐀𝐓𝐄𝐔𝐑 𝐓𝐑𝐀𝐃𝐄𝐑 𝐈𝐍𝐓𝐎 𝐀 𝐂𝐀𝐋𝐌 𝐏𝐑𝐎𝐅𝐄𝐒𝐒𝐈𝐎𝐍𝐀𝐋 𝐓𝐑𝐀𝐃𝐄𝐑
1/n Rule no 1.

Decide that you are in the market for the long haul--that is, you want to be a trader even 20 years from now.

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𝗪𝗛𝗔𝗧 𝗜𝗦 𝗣𝗥𝗜𝗖𝗘 ?
Traders can be divided into 3 groups: buyers , sellers and undecided. Buyers want to pay as little as possible, and sellers want to charge as much as possible. Their permanent conflict is reflected in bid-ask spreads
1/n ASK is what a seller asks for his merchandise.
BID is what a buyer offers for that merchandise.
A buyer has a choice: to wait until price comes down or pay what sellers demand. A seller has similar choice: wait untill price rise or accept a lower offer for his merchandise.
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Answer both the questions thread read my answer too.
Read Full Thread
Q1. How many active sources of income do you have ?
Q2. How many days/months/years can you survive on your savings (if any) if all your income sources stops ! Q3. Are you confident enough currently to take trading as a full time career and not looking back any day from today ?
Q4. What second best alternative do you consider as doing if you quit trading someday ?