Let’s go! 🧵...
1⃣ How to use Trading view - CHARTING TOOL?
In this video I cover all the basics a beginner needs to know as to how to use this simple yet amazing tool which is available for free
Sep 5 • 14 tweets • 7 min read
It took me 100+ hours of reading to understand candlesticks…
But, don't worry I’m going to help you understand CANDLESTICKS with a vegetable seller example in just 10 minutes…🤓
So take a paper, pen and read along…
1⃣So, what’s a candlestick?
- Candlestick charts are the most used charts
- For ex, Refer to the below Infosys candlestick chart
- Just by looking at this chart a Technical Analyst will be able to predict what can happen in the future
Sounds interesting? Ready to learn?
Sep 3 • 14 tweets • 4 min read
‘STOP Paper Trading Now!’
I kept losing continuously for 7 long years…😞
The experience & lessons I learnt is invaluable…
…& I wouldn’t have learnt these with ‘Paper Trading’🎯
If you are a beginner, here is why you should stop paper trading...
1⃣My Paper trading experience
- Back in 2013-2015, during my MBA I used to participate in virtual trading competitions & I used to win them
- But when it was real money I kept losing - small profits, huge losses.
So, why did I still lose when I traded with real money?
Sep 1 • 16 tweets • 7 min read
The Ultimate Guide to ‘RELATIVE STRENGTH (RS)’...🎯
WAIT… This is NOT RSI that you use day in & out…
Rather a very IMPORTANT indicator that can CHANGE the way YOU trade/invest…🤓
So, hang on as I explain this with #TATASTEEL chart...
Let’s go 🧵…
1⃣ But, how will it change the way I trade?
- Ever wondered why the stock you are holding is not moving when the market is ripping higher?
Ex: ITC didn't move btwn June’20 & Feb’22 while the market rallied
This indicator will help you get rid of such underperforming stocks.
Aug 30 • 7 tweets • 3 min read
It took me 10+ years & more than 1000+ hours of practice…
to master these 5 IMPORTANT RULES WHILE DRAWING TRENDLINES 🎯
These simple rules, if mastered, can help one spot HIGH PROBABILITY TRADES!
Ready to learn?🤓
1⃣ Trendlines are zones and not a single line!
- Due to volatility in price, many times prices tend to spike on both sides
- So, consider trendlines as zones from multiple swing highs(include wicks) to get the best fit trendline
- Your winning probability increases with zones
Aug 28 • 11 tweets • 6 min read
Even the biggest handles with 100k+ followers get this simple thing wrong in charting!🤦♂️
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
USE LOG CHARTS 📈 FOR ANALYSING LONG TERM CHARTS!
1⃣ Wait, What's Log chart?
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
Aug 26 • 12 tweets • 5 min read
99% of the traders wouldn't know this simple hack...🧐
Complete credit to @theProfessorDev. I have just modified it to be more user friendly.
So, what's different in this?
- You can now backtest this strategy on the time period you want - it is no more an indicator alone 1/n
- You can also backtest this strategy for any N period high low break. Usually, you will find traders using Day/Week high and low breaks. But, I've made this strategy generic to even test a 1/2/3/4 hour high/low breakout. 2/n
Aug 23, 2020 • 9 tweets • 2 min read
Stop gambling & Start learning: I have received a few DMs about how people have lost lakhs & want a strategy to recover those losses. Here is my suggestion. If you are not profitable, do not trade FnO or anything for that matter. Stop today & vow not to trade unless you learn.1/n
But, then how does one learn? Start with Identifying support and resistances - this is the ABC of markets and everyone must know this, especially discretionary traders. Perfect this on the monthly and weekly charts. 2/n
Aug 22, 2020 • 6 tweets • 2 min read
Thread: All the stocks I post are from an investment perspective & I prefer to ride it with the strategy mentioned in this tweet. To know how it works, you must apply this strategy on hundreds of stocks and see it for yourself
Note: If you do follow my tweets you would notice a similarity in the setups I post & that is what I am good at & I have kept doing them for some time now. I trade and invest in many of the stocks I post. However, I do not follow up on those and I don't see the need for that 1/1
Based on a single criterion cci(34) crossing 100 on weekly TF, I scan stocks and go through the charts and pick the best setups that I feel will outperform in the future. You can trade these charts on the daily or weekly timeframe. Ignore stocks below Rs.10. 2/2
Jul 11, 2020 • 11 tweets • 5 min read
Thread: As Promised, here is a multi-timeframe positional strategy based on CCI.
CCI Basics: A CCI reading above 100 is considered Bullish and overbought and a reading below -100 is considered Bearish and oversold. 1/n
I believe in buying overbought and selling oversold and this strategy is based on this assumption.
Entry criteria: CCI(34) on Weekly crossed above 100 and CCI(34) on Daily >100. Enter only above weekly high
Stoploss criteria: Recent swing low on the daily chart 2/n
Jul 10, 2020 • 7 tweets • 3 min read
The 80/20 management rule in trading. 80% of the effects come from 20% of the causes. In trading, 80%(big portion) of the profits come from 20% of the good trades. Do not take these numbers literally. 1/n
If you are a discretionary trader, you need to focus on those 20% good trades and the reasons behind it and try to make this number bigger. For ex: if 20% of those trades were breakout trades, then you need to trade more breakout trades to make those big winners. 2/n
Jul 6, 2020 • 11 tweets • 4 min read
Nifty Strategy for educational purpose only:
Not sure how many will benefit from this system, but if one does I can assure you that you will make money in the long run.
Why am I doing this? To make you aware that simple strategies with a few lines of code will work. 1/n
Let me show you the backtested statistics before the strategy.
- Nifty positional strategy tested on Tradingview spot data
- Lots considered throughout Backtesting - 1 lot
- Indicator used - CCI(50)
- Hourly Timeframe
- commission & slippage - 0.03% deducted per leg 2/n
Jul 5, 2020 • 5 tweets • 3 min read
A brilliant concept based on the long term and short term EMA by @heartwon. I'm here on twitter for such stuff that helps me build my systems. Really good one. Here is the trading view indicator that I coded. Please RT for everyone's benefit. 1/3