Never buy an IPO on day 1. Give it time to setup.

Once a new IPO has flattened out for a few days, it gives you a range like this to play against.

Above the line you're in. Below and you're out. Easy peasy lemon squeezy 🍋 😉

Heavy volume... Little price progress = INSTITUTIONAL SELLING

When the big plays start unloading, so should we.

Trading is like dancing w/ an 800lb guerilla!🦍 LET IT DO THE LEADING!

A great spot to add to a swing trade is this 3 weeks tight pattern.

On the way up to the target, price will often take a breather before continuing on.

If it forms this 3 weeks tight pattern, it gives a great low risk spot to add more!

#tradingstrategy #tradingtactics

This is why 90% of amateur traders inevitably get EATEN BY THE SHARKS.

They do everything they can to predict where prices are headed.

You’ll have a far easier time simply finding the “big fish” (Hedge, Pension, and Mutual Funds) and trading in their direction.

Thoughts?

Code To Automatically Flag Distribution Days in @tradingview

When you know a trade has everything going for it… Strong price action. Your indicators all say its a go. The fundamentals are off the charts… FIND A LEGIT WAY IN.

Ascending bases give you that.

Look for ascending bases on weekly charts.

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

This is the reason I just follow my RS for #peacefultrading

#indianhotel
#PowerofRS

New MyComboScan with new parameter VWAP

These major stocks have shown high delivery yesterday and also price action combined with VWAP is showing Strength.

A thread on these stocks.

This is the Ideal Place to Start Buying after the Market decline

Let the Stage1 form and then buy with patience when it moves to Stage2

Cash is a position 👌

Buy the Dip is not required to get Rich

#VVVLearning