Covid-19: people went broke-people also saved much
spending would be unleashed
Innovation cycle of digital revolution
U r the architect of ur own life
TML: True Market Leader
How many TML's are extended?
Concern: short term excesses
long term: super-cycle
Economic boom-secular supercycle-FED-people wanna spend.
Short term super volatile pullback~f(rapid ascend)
Currently, there is institutional adaption is high in Bitcoin
Never violate the trend.
Be very cautious about people who become ur mentor.
keep these as ur guard rail.
We r in the interpretation business rather than a prediction business.
Rule: not to sell based on fear of losing profits.
Look for psychological indicators, put-call ratio etc.
Its just competition vs ourselves.
Your eyes wud b walking through the patterns after ur big practice for time.
Know the character of the stock.
No matter how great the fundamentals if the stock if its not forming setups it just doesn't matter. If u wanna look for character, look at the left.
Up on vols
RS line: New highs before price
Buy stocks early nd pyramid final position at traditional breakout.
Have a tight and logical stops.
How to protect profits by being a risk first trader ?
Look at the watchlist candidates and analyse how many are above 50dma.
Progressive exposure: u scale up when markets and stocks r doing right.
When things get wedged up, u get few flushes.
U have to learn everything to be able to do by urself.
Importance of mistakes and learning from them.
People have bad habits. They want to be how great traders are but, don't do they don wht they do. Remove bad habits.
Building the case apart from technicals helps build the full picture: conviction.
Read all signals, signs and the chart.
Its just a big game and u ride on the shoulders of the big funds.
I created a tool and launched this weekend amongst the investor/trader community, particularly in a small group. This is intended to bring my terminal nearer to a layman who doesn't understand much of trading zingers. Sharing some of the snapshots from the sector analysis part.
These two charts show the strength of different sectors based on the stocks ranked in my terminal and the count of them.
ANUP engg: A combination of all: 1. Spin-off and new listing. 2. Initial 1st base formation 3. Darvas box formation 4. Wedging up handle. 5. Vols reducing on weekly 6. BDS new high/divergence.
it shows the strength of the stock to nifty. so if a stock is stronger than the index, this line wud go up. if the index is weak and the stock stable then also it wud go up. other cases also valid. so when there are opposite moves btwn the stock move and relative strength line,
we call it divergence. Now, BDS: Big daddy scan gives u point where the stock shows strength. Consider it +ve factor.
Though we don't have a DD today, Nifty broken 50DMA for the 1st time in this whole leg of run after FTD. Extreme Caution ahead. Leaders are melting down. David Ryan told the same as shared in weekend tweetstorm.