#TrendFollowing
#StockFutures
The Complete #Trading #Process

1) Stock Selection - Buy Strongest, Sell Weakest. Combine Higher TimeFrame to Identify Strength/ Weakness

2) Entry SetUp - Enough FirePower for Sustainable Trend Going Forward (1/n)

3)Trend Confirmation - That Point from which chances of Reversal are Low so as to achieve Higher Win Rate

4) Low Risk Entry - Costs Saved in Execution are added back to profit. Use Mkt Fluctuations in Our Favour (2/n)
5) Initial SL- Uncle Point. Not Too Tight, Not Too Loose, Just About Perfect. Let the trade breath before leaping forward

6) Trailing SL - Reduce Open Risk in Trade Continuously Simultaneously allowing Trend to Develop (3/n)
7) Profit Booking - Don't Look for Top/ Bottom. Catch 70-80% of Max Profit. Most Difficult Decision. No Perfect Exit. Break in Multiple Exits. Be happy with Whatever We Get (n/n)

More from Zafar Shaikh

1/n
Lot Of People Requested For An Example Of Trend & Pullback System For Directional Trading System Which I Mentioned in Below Tweet. Hence a #Thread.


2/n
I Use Various Combinations Of Time Frame for Trading / Investing. Generally, Time Frame Selected Decides Holding Period Of Trade. For Investment, Quarterly, Monthly & Weekly Time Frames Are Used, Where Holding Period is Few Months To Years.

3/n
Most People Are Generally Interested in Short Term Trading. Hence, Illustrating One System Which I Use For Short Term Stock Futures Trading. Holding Period For These Trades is 2-5 Days. This Example is of Gail Futures Where Taken Long Position Today. Here We Go:-

4/n
Stock Futures Swing Trading Sysem
Time Frames Used :-
Weekly - Stock Selection
Daily - Pullback
Intraday (75Min) - Volatility & Entry Signal

5/n
GAIL #WEEKLY-
#StockSelection - GAIL Is Trading Near All Time High. Strong Up Trend. No Brainer. We Can Use RSI To Check Strength. RSI Above 60 is Generally Strong Trend.
33900 gone on #Banknifty

System says don't buy the dip

Wait for dip of dip of dip at 30500 #Banknifty & 15000 #Nifty

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This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.


THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN


If you come for Bookstagram, i will fight you.

In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)