BC TRADING
Saved by @vsamk

A Thread on~ O V E R T R A D I N G

Sitting and observing the numbers flicker on the screen might be very exciting.

 But have you ever felt like you might've done better? Or you're just too tired of waiting that you punch an order right in?

That's a Bad Idea.

So, Let's understand the reasons behind it and try to find a way out.
1. Not having a trading plan makes you clueless.
Your impulses start to take control of you.
2. Having a trading plan; But still taking impulsive/ random trades.
Because of adrenaline rush or gambling instinct.
3. Revenge trading
When you try to force a trade in order to recover from a previous loss.
4. Increasing the Overall capital suddenly followed by poor position sizing.
5. Social media influence
Copying someone else's trades without understanding the logic.
6. Competing with others on Social Media
Getting influenced by MTM screenshots.
7. Feeling euphoric after great winning streak.
Extreme urge to give it all back to the market.
8. Not maintaining a Trading journal.
9. Boredom and not having any trading partner.
10. Tendency to self sabotage for reasons & failures outside of the trading arena.
11. Just for adventure and fun.
Now the question is: How to refrain ourselves from Over Trading?

1. Define your Trading criteria and wait for the right setup.
Do not chase the price.
2. Treat Trading as a serious business.
3. Limit the number of trades per day.
4. Don’t let inefficient screen time and boredom enter your trading.
5. Understand the premise of your system and know when to stay out.
To conclude, These are the greatest skills you can have as a trader and also the hardest to actually get a hand on.

Preach Persistence.

More from Gurleen

Gurleen
Gurleen
@GurleenKaur_19
#BSOFT
The price is bounded by a significant support & resistance level backed up a prior trend.

A continued breakout above 465 and sustenance above the same would trigger 480 followed by 510.

#StockToWatch
BSOFT
Gurleen
Gurleen
@GurleenKaur_19
#DIVISLAB
Broken past the descending trendline along with the parallel range of support and resistance on a good volume note.

Sustenance above 5045 would bring in the targets of 5150 followed by 5250 in the short run.

#StockMarket #StocksToTrade
DIVIS
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Gurleen
Gurleen
@GurleenKaur_19
#IRCTC
A brief consolidation, before continuing to move in prior direction of the trend.

Broken past the converging trendlines; A follow-through here and a closing above 4019.70 would bring in the targets of 4240 followed by 4450.
IRCTC
Gurleen
Gurleen
@GurleenKaur_19
#GODREJCP
Double bottom breakout along with the activation of harmonic pattern.

With the confluence of Point D along with descending trendline, target placed at 825.

#StockMarket #StocksToWatch
GODREJCP
Gurleen
Gurleen
@GurleenKaur_19
#DIVISLAB

If it gives a closing below 3788.95, then it's a slippery slope ahead towards the marked levels on chart.

#StocksToWatch
DIVISLONGTERM

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1/ Free Multi Timeframe Analysis

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A thread on Pyramiding-


What is pyramiding?

In pyramiding we add on to a position when it is going in our direction. Its basically opposite of averaging down.

MOMENTUM - Success of a pyramiding trade depend on this ingredient, the more the momentum the better pyramiding.


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1. ALL IN - ALL OUT
2. ALL IN - SCALE OUT
3. SCALE IN - SCALE OUT
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More than anything what pyramiding do is keep your losers small and your winners - Big.

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A former CIA math genius built a quantitative trading fund that earned more than $100 BILLION for investors.

At 66% return/yr, his track record destroys that of Warren Buffet, George Soros, Carl Icahn, and every investor who ever lived.

The Smartest Billionaire in Finance:


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If you'd have put $100 into Jim Simons' Medallion Fund in 1988, it would be $400M+ today.

By contrast,

$100 in the S&P 500 in 1988, would be $2,000 in 2022. (roughly)

Let that sink in.

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Jim Simons's Medallion fund has had unreasonably high annual returns of 66% across 30 years.

For comparison, Buffet clocked in at about 20%/yr.

Many funds don't make that in a lifetime.

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Even during the financial crisis of 2008, it made a net return of 82.38%.

They make so much money for their investors that they charge 44% in management fees.

The industry standard is 20%.


4/28
It uses math calculations to decide the bulk of its trades, & none of the market trends apply to how it performs.

It wins by finding order in chaos.

The fund is managed by Renaissance Technologies, the parent company founded by the mathematical genius Jim Simons.
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