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$The Cnceptual Trader \U0001f1ee\U0001f1f3$

The Cnceptual Trader 🇮🇳
@CnceptualTrader 2 years, 8 months ago 281 views

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25 Hard-hitting truths every Trader should know -
🧵

1. Trading is serious business - if you don't put in the efforts it deserves - it will bankrupt you.

2. The best traders are not born, they create themselves - through hard work & persistence.

3. If you give a single trade the capacity to destroy your account - eventually it will.

4. Forming a view is easy - acting on it is hard.

5. If you are not able to take losses gracefully - you won't ever make big profits.

6. Without data, your views are just opinions - the market will send them to 'trash' in a second.

7. Market will take 'Guru Dakshina' - lots of it - before teaching you the skills.

8. Unless you find your 'edge' you won't survive here.

9. All your skills are useless if you don't have discipline.

10. The more easier any trade looks - the more dangerous it is.

11. If you can't patiently wait for your setup to form - you shouldn't be in this game.

12. If you don't trust yourself - you won't make big success here

13. If you don't find time to analyze your trades - you'll never improve.

14. The lesser you rely on indicators - the sharper your trades will be.

15. If you are not flexible with your views - the market will break you.

16. Risk management is the biggest holy grail you'll ever get.

17. If you don't have the exit plan beforehand - you'll bleed lots of money.

18. If your previous trade's result is affecting your next trade - you have a long way to go.

19. If you can't differentiate the role of 'luck' & 'skills' in your profits - you don't deserve those profits.

Those were the 19 points. Six more hard-hitting Truths are remaining which I will send you in DM, if you Retweet the first Tweet of the thread below.

Make sure you follow me @CnceptualTrader to get the DM. https://t.co/JQBXIed8Q3

25 Hard-hitting truths every Trader should know -
\U0001f9f5
— The Cnceptual Trader \U0001f1ee\U0001f1f3 (@CnceptualTrader) October 9, 2022

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$The Cnceptual Trader \U0001f1ee\U0001f1f3$

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12 Free but Extremely powerful Indicators in Trading View.
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1. All patterns
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Also contains description of every pattern.

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Red line represents the SL for a short position, whereas the green line represents the SL for a long position. It's calculation is based on Average True range.

4. Choppiness Index (CHOP)
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$The Cnceptual Trader \U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3$

The Cnceptual Trader 🇮...
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There is a powerful Free app for Traders which is much more efficient than many paid apps combined.
Read on to know -

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Let's see glimpses of what this app does.

- Unusual Volume Live Scanner:
Stocks showing a sudden influx of volume are scanned here in realtime, both bullish & bearish. Great candidate for further follow up moves.

- Futures OI buildup :
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You can customize this to see data from a preferred sector too.

- Market meter :
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$The Cnceptual Trader \U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3$

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- Buying options when IV is falling.
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- Not taking care of proper position sizing.
- Thinking of only the rewards, ignoring the risks.
- Jumping to trade without waiting for proper setup formation.

- Not putting SL in the system.
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- Not giving importance to Greeks.
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On the occasion of our 76th Independence Day.
🧵

76. BankNifty's move depends on moves of mainly 5 banks - HDFCBank, ICICI Bank, SBI, Kotak & Axis bank: track OI buidup & PA of these daily.

75. Open charts of each of these banks daily & see which is near an important resistance or support, that can affect BankNifty's movement immensely the next day - track that bank closely the next day.

74. HDFCBank (26%) & ICICIbank (23%) are the biggest contributor in BankNifty : give more importance to these two.

73. SBI, Kotak & Axis bank each contribute around 11%, but if two of them align with each other & HDFCBank & ICICI are neutral, they'll decide the direction.

72. SBI being the major PSU bank, can move opposite to these giants & create a turbulence, keep it in mind.

$The Cnceptual Trader \U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3$

The Cnceptual Trader 🇮...
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Name of this setup is - FSC.

🧵

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Entry Criteria - Enter at 9:20 am on the Stock forming FSC in 5 Min TF. Go long if FSC is green, short if FSC is Red.

Instruments - Can go with Options, Futures or even cash. Remember this is an Intraday strategy.

SL - low of FSC.

Trailing of SL - using PA-based pivots. You can use VWAP too.

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