BC SCREENERS
Saved by @SAnngeri

Celebrating 1million followers of #Powerofstocks a youtube channel by #SubasishPani

A VIDEO 🧵: 8 CONCEPTS THAT YOU JUST CANT AFFORD TO MISS OUT!

Collaborated with @AdityaTodmal

 1. How to draw support and resistance?

• Spot the U-turns i.e. the bend in the existing trend.

• He explains the change in the polarity concept here.
Example 1: How to draw support and resistance on charts
The more any Support /Resistance is tested the more it becomes weaker
2. Inside Candle

• Trade the breakout of the baby candle with its H/L as SL

• Pyramiding is done at the break of the mother candle H/L

• Try this only to the top 10 Nifty stocks.
Inside Candle

• 15 min TF & above only

• Practice one setup multiple times.

• Probability of any set up is 75%.
3. Too many red/green days on a back to back basis means plan for a reversal

• Any timeframe when there are continuous red/green candles in a row can plan for an opposite move or consolidation in which case one can make the most out of it via option selling.
• After 4-5 days of single colored candle high chances of reversal.
4. How does Subhasish Pani trade breakouts?

• Look for BO post 12:30 pm

• During bearish breakdowns market should not spend time, as selling is usually fast and ferocious.

• Just deploy half qty first and in case if SL is taken out you loose on half qty only
Examples on breakouts on charts/stocks
• If price is waiting/staying near the resistance after getting rejected from that resistance multiple times then high probability of it to BO that resistance
5. What is a trend & how to find the top & bottom?

• Trend reversals can be captured by M and W patterns.
•Uptrend means HH & HL concept explained by Subasish beautifully

• Once buyers gets defeated, near the first support one can look for shorting opportunity
• Spot M near the top & W near the bottom after a trend.

• Avoid finding "exact" tops and bottoms.

• But you can be near the top or bottom and catch the moves.
• Merge the logic of Support and Resistance along with trend to identify buying or selling opportunity
6. Pointers on Price Action.

• In an uptrend market, never short the 1st pullback & vice versa.

• If a stretched upmove is visible, followed by a red candle don't short it.

• Wait for a green candle & only when the low of that candle is taken out one can initiate shorts
• In an uptrend after the first pullback wait for the fresh buyers to get defeated only then one can plan for shorting opportunity
• Only when the buyer loses then one can plan for shorts and in case of a gap down they would be eager to cover their longs.
7. Expiry days are usually dojis

• When the market comes down on expiry, option sellers start selling puts that are inflated in value.

• When the market goes up the same way option sellers enter and sell calls.

• Hence there are dojis formation on most expiry days.
• Focus on whole and psychologically important levels

•Example of why he sold a straddle during high IV
• In a negative sentiment, low probability of market closing on day high
• This set up can be used only during high IV scenarios and cannot be deployed during all expiries
8. May month expiry Subasish had predicted on Tuesday itself that Thursday we might witness an upmove.

The reasons for that upmove is described in the video below👇
Reference Source: https://t.co/00UjMLklpk
Hope you discovered something new (because that's the point!)

If you did, share it with a friend by retweeting the first tweet

If you enjoyed this thread, you would love this as well:

https://t.co/sYoJ3psauR

See past threads here:

@AdityaTodmal
&
@niki_poojary

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The most valuable aspect in trading you aren't using:

POSITION SIZING

Sizing is the key, you'll make big money only if you own a significant size without compromising on risk.

Here are 10 of them, and they are for free: 🧵

Collaborated with @AdityaTodmal

1/ For a faster growth, one needs to have a bigger size:

• What difference would it make if a stock moves by 300%?

• But then, what if you had only 1% capital allocation?

• Despite the stock performing spectacularly, your account won't reflect the same, due to small sizing.

2/ Three types of position sizing:

1. Fixed absolute Rupee amount that one is willing to risk.
2. % risk of the total capital.
3. Basis the edge.

Risk tolerance should be taken into consideration while determining appropriate position sizing.

3/ Fixed absolute Rupee Amount:

• Eg: Total capital is Rs. 10 lacs and the max risk per trade is Rs. 7500

• Lets say a stock is trading at 1200 and your SL is 1120 (i.e. your risk per unit us Rs. 1200-1120 =Rs. 80)

• Optimum qty: 7500/80 = 94 units

4/ Percentage risk of total capital:

• Lets say you want to risk 1% of the total capital on each trade.

• Considering the total capital of Rs. 10 lacs, you shall risk Rs. 10,000 i.e. 1% of 10lacs on each trade.

• Quantity to be traded/invested calculation remains the same.
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One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
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Short Straddle is the highest payoff strategy.

However it comes with undefined risk.

Most traders don't know when & how to adjust the short straddle when it goes wrong.

Here are 16 adjustments to lower risk & increase profitability:🧵

Collaborated with @AdityaTodmal

1/ Longer-term short straddle:

• Helps in getting a big range: trade in biweekly, monthly, or far months.

• The only drawback with longer term straddles is the slippage.

• Also go for round levels both in NF and BNF as they have better liquidity.

2/ Weekly expiries will have short range:

• Leading to higher risk.

• Would require frequent adjustments.

3/ When to sit tight?

• As long as the underlying is between the breakeven point of the Short straddle, we do nothing.

• Don't adjust till breakeven comes, simply sit tight.

• Adjusting a short straddle typically brings in more credit, which increases the profit potential.

4/ When does a short straddle come into loss:

• The moment the underlying price moves towards one end of the breakeven point, your short straddle will be in loss.

• Adjustments would require additional funds, so don't go all in with your capital for shorting straddles.
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90 million active demat accounts in India.

Less than 1% understand Fibonacci retracement.

This mega thread will help you understand better—starting today:

Collaborated with @AdityaTodmal

1/What is Fibonnaci (Fibo) retracement?:

•Fibo retracement levels help us to identify potential reversal area or identifying potential entry point after a pullback.

•It represents various levels of significance within a swing high and low.

2/How to plot the Fibo?

•Spot the recent swing high & swing low (usually a peak & a low) on a chart.

•Plot the Fibo on these points.

•You'll get 5 key levels of support & resistance (S/R) in between the peak & low.

•Key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, & 100%.

3/ Importance of retracement levels:

• The retracement level forecast can determine the level at which retracement is likely to occur.

• These retracement levels offer traders a favourable entry to open new trades in the direction of the trend.

4/ When to apply Fibo:

•Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.

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Do you wish to get in the stocks right before they explode, without spending hours to scan them manually?

With hacks to find the stocks before they have explosive moves:🧵

Collaborated with @AdityaTodmal

1/ Market moves in waves:

• A stock/index / underlying usually follows two phases; viz. Contraction & Expansion in a cyclical manner.

2/ Logic to find explosive stocks:

• After a quite/contraction phase the expansion phase follows, this is where most of the money is made for a trend follower.

• Like a lion which patiently waits to for its prey to make less movement before making a kill.

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• Wait patiently for market to make a narrow range such that movement should be almost dead or within a very small range.

• A volatility contraction is often followed by a volatility expansion.

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TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

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The best part about this is this is absolutely free to do.

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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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