A simple Trading system with 2 #movingaverages 13 & 21Sma

What signal it gave today ?

"Sell triggered @ 17365 When 1st 15 min. candle
closed below 13 & 21Sma"

And, then #Nifty fell to 17267, almost 💯points
"Part Book"

7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.

Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used

Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.

Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk

Many of you ask me why I choose 75 or 125 minutes charts

I do this only for equity charts in NSE or BSE as they trade from 9.15 a.m. to 3.30 p.m. , i.e. 375 minutes

75 minutes devide the day in 5 & 125 min in 3 equal candles

While hourly / 2 hourly charts have unequal candles

@AdityaTodmal Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

& Mark Minervini Books

@bullysingh You can use Tikr.
Its a screener with data for all stocks listed worldwide 🌎 including US, UK, China and India.

Available to use for free (for

Consolidation Phase Breakout

Look for Dry Volumes in the Base
Volume on Up days > Volume on down days
Greater Consolidation Greater power in Breakout
Look for Continuation Rather than Reversal
Small Bases will Provide Low Risk opportunities

Retweet If you wish for short tips

Pullbacks buying strategy after a breakout with example

• 1st pullback is a great buy.
• 2nd pullback is still fine
• 3rd pullback should be avoided.
• 4th pullback never buy it.
#Tradingtips
Like and retweet

Day trading offers many trading opportunities to make quick money.

But if there is no trade opportunity in Nifty/Banknifty, then what to do?

How to shortlist stocks for intraday trading? there are some simple

A morning star was spotted in one of the highly traded #Nifty50 stock in week t/f.

I've used Microsoft Excel for 20 years, and these 20 tips & functions will make you an expert and increase your productivity 100X📊

Don't ever use Excel again without knowing these 20 tips & functions:

Here are 20 MUST KNOW Microsoft Excel tips & functions (with pictures & examples of each below):

(1) Wildcards
(2) Duplicate
(3) Remove Duplicates
(4)Transpose
(5) Filter
(6) Conditional Formatting
(7) Sparklines
(8) Pivot Tables
(9) Auto-fill
(10) TRIM

11-20:

(11) XLOOKUP
(12) IF
(13) SUMIF
(14) SUMIFS
(15) COUNTIF
(16) COUNTIFS
(17) UPPER, LOWER, PROPER
(18) CONVERT
(19) Stock Market data
(20) Geography / Maps

Let's discuss each in detail (with pictures & examples):

(1) Wildcards

A wildcard is a special character that allow you to perform partial matches on text in your Excel formulas.

Excel has three wildcards: an asterisk "*", question mark "?", and "~"

(2) Duplicate

Duplicate the data from the cell above.

Ctrl + D fills and overwrites a cell with the contents of the cell above it

This is not just a strategy that I am sharing its an ENTIRE TRADING SYSTEM.

1. where to ENTER
2. SL placement
3. How to manage the trade (MOST important element)

Once I am done sharing I will open the comments section or else the continuity of my post will be interrupted.

This is how the setup looks like. THREE indicators are to be used.
1. DONCHIAN CHANNEL (length 20)
2.RSI (length 14, upper band 60 , lower band 4)
3. OBV-EMA (input 20 )

All the indicators are available in trading view.
(1/n)

settings for the indicators

(2/n)

PURPOSE of each indicator

DC - will serve as a tool for ENTRY
RSI - will serve as a tool for entry confirmation as well as ENTRY
OBV-EMA - will serve as a tool for TREND IDENTIFICATION as well as TRADE EXIT

(3/n)

There will be TWO TYPES of ENTRY

1. ENTRY A = entry with the help of DC (please remember this )

2. ENTRY B = entry with the help of RSI (please remember this )

(4/n)

Top 5 trading blogs to read:
1-Trading with Rayner
2-New Trader U
3-Trading QnA by Zerodha
4-Factor Trading
5-SMB Capital
RETWEET for more such top 5 lists in future.

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

ARS values updated in @mystockedge as per @premalparekh bhai's successful model.

#rswarriors