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Swaraj Rai Profile picture
Swaraj Rai
@swaraj987
29, Trader. Retweets are not endorsement. Do not trade or invest on my views.
Oct 5, 2020 • 15 tweets • 6 min read
@gdhananjhay Sir you can try the following too:

1. Pullback after breakout: After a breakout happens, wait for pullback with small small candle with less volume. Let the price reach nearest pivot point and consolidate there for next 3-6 candle. Let the price form a higher low. (1/n) @gdhananjhay Then you can enter near pivot point on the break of at least 2 candle high. Your stop would be recent low or 2 % from your entry price, whichever is lower.

(2/n)
Oct 3, 2020 • 14 tweets • 3 min read
Just checking his timeline which is full of good content.

My 2 cents on discretionary vs systematic trading:

1. System Trading: If I choose this approach then first I need backtested system with clean data. I need to take each trade. Even most robust system can generate more drawdown than backtested data. I need to be mentally prepared for series of loosing streak. Here descipline required for each and every trade. I can't skip a day even I'm not well, physicaly or emotionally. I need to show up every trading day, no matter what.
Aug 29, 2020 • 4 tweets • 2 min read
Hey @Amangera2012

Here is my analysis on Adaniport.

--> Stock went to 450 from 170.
--> Stock gave first pullback with average volume. Low of the pullback was around 292.
--> Stock again tried to continue previous trend but formed double top. And we got a Lower High. (contd.) Image --> Then stock moved lower and broke the previous support (292) with huge volumes.
--> Now we got a lower low. So basically we are in minor downtrend unless price make new highs.
--> If we see price action of last few monthly candles then we get to know that (contd)
Jul 8, 2020 • 4 tweets • 2 min read
Divis Lab Trade Setup:

Stock gaped down on news of SEBI order regarding insider trading of company's CFO and other officials. After gap down price didn't sustain on lower levels and recovered significantly from the lows that day itself.

After that consolidation going on (1/n) ImageImage from last 2 days. In last 2 days there is no fall in price and volume is thin. Today there is some buying seen with volume after 2 days of consolidation. So bought 25% of my position today and will add more when it breaks the consolidation range above 2250. My intial SL is 2080.
Jul 7, 2020 • 5 tweets • 1 min read
There will be bubble in sectors but one should wait for bubble to burst and then pick the company which has better earning visibility in coming decade.

Example: Amazon. Market was paying hefty PE multiple even when Amazon had no earning. After Dot Com bubble burst, it survived. But many other Internet company couldn't survive. So how to choose the right company in a bubble phase of market? No one knew which company will have 1billion dollar earning per year before dot com bubble burst. But people were buying at insane valuation. After the bubble burst
Jun 30, 2020 • 6 tweets • 2 min read
It takes real patience to sit tight and avoid "chul" (forced) trades. We all want same or more profit everyday after market opening. This lead to force trades. Expect nothing from markets & see the magic. Its okay if u don't make money today or tomorrow. (1/n) Few #brotips :-

1. Just sit tight and wait for price action to scream for u to enter.

2. Never give back more than 30% of ur MTM. If u have given back 30% of ur MTM then its likely that u will end up loosing all the profits and some more (learned this hard way). (2/n)
Jun 27, 2020 • 5 tweets • 2 min read
Know your stop. Image Image
Jun 27, 2020 • 6 tweets • 2 min read
If you don't have a Trading Journal then you are missing the opportunity to work on your mistakes and not repeat the same mistake again and again.

Build one today. Ask few questions like:

Did I ignore a opportunity just because I was fearful? If yes then what was result (1/N) of your decision?

Did I Fight the market for profit?

Did I place revenge trades?

Did I trade because of FOMO?
.
Did I oversize the position?

How many opportunity missed due to lack of focus?

How many typo error for order placement?

How was fear? (2/N)
Jun 25, 2020 • 8 tweets • 2 min read
What r u doing to reduce ur trading charges (brokerage and taxes)?

Think about it. As a small trader it will have a huge impact on ur monthly ledger.

What to do?

Trade less: Punching orders here and there will not make u profitable. I learnt it hard way. (1/N) Find a process/system: You may have a system or you can get one from @ST_PYI channel. Watch all his videos. Learn the concept. Pick or build a system for urself. Trade only that system.

Making consistent losses: If u r making losses then its time to be disciplined. (2/N)
Jun 23, 2020 • 4 tweets • 2 min read
First time in last 1 month I faced issue with Kotak Security. Sell order placed for short on 03:10PM but it was not confirmed. So I tried to cancel it but it was not canceled till 3:30PM. I was lucky order didn't execute as well or else I would have to take short delivery. (1/n) Image Called their customer care around 3:15PM. My call was connected to executive at 3:29PM. He was super lazy. Seemed he was sleeping on desk. When I asked about the issue he asked me to be on hold while he transfer my call to concern department. I'm on hold from 15 minutes. (2/n)
Jun 19, 2020 • 9 tweets • 2 min read
How to scan a stock?

1. Look for price volume expansion in smallcaps. Use screener. You will get a list.

2. Short list good fundamental companies from the list which were 8%+ up for today.

3. Create a watchlist for next day. Add shortlisted stocks. Maximum 10-15 stocks. 4. Next day focus on those which opens with at least 2% gap up.

5. Nifty should be positive.

6. Look for follow-up buying after gap up opening. If stock moved vertically then do not chess. Wait for pullback.

7. Using multiple display to monitor breakouts.
May 14, 2020 • 4 tweets • 1 min read
Chachha suno:

1. First you don't assume as PM. You do conversation before implementation of decesion which affects entire country. But first demonetization & now this.

2. You r head of state so under DM act you can take decesion for states but can't share responsibility? 1/n 3. CMs were not happy. They may be little at ease bcz they won't have to be responsible for migrants. But do you think why? Center didn't release due fund for states (GST collection). At last they were forced to open liqueur shops.

2/n
Apr 19, 2020 • 5 tweets • 2 min read
Don't try to be Arjuna only. Play your strength 💪. Dronacharya didn't give same gyan to every pupils. Everyone is different.

Similarly don't be rigid as a #trader. Know your strength and learn according to your strength.

Forget about earning in your learning period. Many gurus are trying to teach without considering students' strength. We all know pyshycology play vital role in financial market. Everyone has different mindset. Few has more greed/fear than the other. Few don't panic in adverse situation. So don't be rigid in your mentoring.
Jan 27, 2020 • 5 tweets • 1 min read
wockpharma: triple bottom followed with short term trend line breakout.

It can test 652 from here.

Your views are welcome. ImageImage so far 308-325. almost 5% up this hour with high volumes.