BC TRADING

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Gurleen
@GurleenKaur_19 4 years, 8 months ago 748 views

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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
@GurleenKaur_19

HDFC Update
2715 📍

In Weekly; next in-line 2850.

In Monthly; Once ATH is taken out, A sight of 3000+ would be caught.

#StockMarket #StocksInFocus #HDFC https://t.co/VpM9Yvbq7l

#HDFC Daily and Weekly TF's

Broken past the descending trendline; A follow-up beyond '2558' would bring in 2630 initially followed by 2850.

In Monthly; Once ATH is taken out, A sight of 3000+ would be caught.

[Will open position above 2558]#StockMarket #StocksToWatch pic.twitter.com/jRukw5Yh6d
— Gurleen (@GurleenKaur_19) August 3, 2021

Gurleen
@GurleenKaur_19

KOTAK BANK

In case of a breakdown below 1787.80, the level of 1727 looks likely.

Invalidation level: 1848.80

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Gurleen
@GurleenKaur_19

#INFY Daily
Connecting a series of LH's & a horizontal trend line along the series of lows.

The breakout needs a little more push on the volume front.

In Weekly; Price range buildup signaling that an extended upside is likely.

Gurleen
@GurleenKaur_19

#ASAINPAINT

With the harmonic pattern in place, the Potential reversal zone is at 2400.

#StocksToWatch

Gurleen
@GurleenKaur_19

#TATAELXSI
The price is at the reversal area, For advancing further; A close above Point D would be important.
Let's see how it plays out.

More from Trading

Aditya Todmal
@AdityaTodmal

A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

(1/12)

Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

(2/12)

Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

(3/12)

Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

(4/12)

Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

(5/12)

Trader knight
@Traderknight007

THE TRADER'S EDGE: THINKING IN PROBABILITIES

Casinos make consistent profits day after day and year after year, doing something random

At the same time, most traders believe that the outcome of the market's behavior is not random,yet can't produce consistent profits

Thread 🧵

What casino owners ,professional traders know is that probable outcomes can also produce consistent results if you " Have an edge" and trade on a large enough sample size.

The best traders treat trading like a numbers game.

1. To illustrate, let's look at the game of blackjack-

In blackjack, the casinos have approximately a 4.5-percent edge over the player.

This means that casinos will make profit over a large enough sample size, even after several winning streaks and big profits of many players.

At the end of the day, week, month, or year, the casino always ends up with approximately 4.5 percent of the total amount wagered.

That 4.5 percent might not sound like a lot, but let's put it in perspective.

Suppose a total of $100 million dollars is wagered collectively at all of a casino's blackjack tables over the course of a year. The casino will net $4.5 million.

What casino owners and pro traders understand about the nature of probabilities is that each individual hand played

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Madan
@madan_kumar

Thread on 'no stop loss', 'adjustments' and 'Risk'
----------------------------------------------------

Wanted to share my thoughts on this topic for a long time but this email sent by someone yday woke me up from slumber

Pls read the email 1st before delving into thread

(1/n)

In the past 1-2 years, there has been a sudden surge of traders who just talk about theta decay, option selling, adjustments and stuff like that..

It is all fair as long as the trader knows what he's doing. But the reality is far from what we see/perceive...

(2/n)

Many of these folks were told that one can 'adjust' their way out of any situation. Any sane options trader know that you cannot come out of any situation by adjustment

One of my friend used to do that(he is famous in options selling desi fintwit) for a long time until..

(3/n)

..he realized that one cannot possibly do that and its gonna burn him one day. He's pretty smart and hence, he put a portfolio level SL & when that hits, he will stop dancing, gets out and calls it a day

So, risk is managed at account level and he is quite clear about it

(4/n)

Unfortunately, 1000s of traders who does option selling(with adjustment) dont have this risk mgmt in place.

They think (i dont know if i had to call it false confidence or ignorance) their skills in 'adjusting' will take them ashore 😅

(5/n)

Roshan Gupta
@roshanmi2gmail1

7L for the day.
Capital deployed 1.5 Cr

$Ray \U0001f981$

Ray 🦁
@RayTL_

10 truths I wish I knew when I started trading:

Trading always was, is, and will always be a game against yourself. Nobody can make it happen for you, and there’s nobody to beat.

Your only chance of winning is to practice being a better version of yourself today than you were yesterday.

/1

Traders waste so much energy lamenting on "I missed this" - if all that energy was spent on fixing a problem they just identified — many of them would be better off than they are today.

Be a good problem solver, not a complainer. That negative energy is no bueno.

/2

Performance is a byproduct of position sizing.

Position Sizing stems from conviction.

Conviction is built by doing deep dives and studying specific setups in the markets, especially ones that tap into its structural tendencies consistently.

/3

Have a few setups you know really really well.

I have hundreds of examples on each, done deep dives & can trade them when I see them instinctively.

You have to know exactly what ur looking for…so u can repeatedly execute those setups & make them sources of income.

/4

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[THREAD: HISTORY OF THE HINDU TEMPLE]
1/102
Four hours south of Aswan in Lower Nubia, right by the Nile, is a region dotted with temple complexes built more than 3,000 years ago. Some like the temples of Amada, Derr, and Beit el-Wali go as far back as 1500 BC.

2/102
A little further south, not far from the border with Sudan, is another complex dedicated to Ramses II, Hathor, and Nefertari in the village of Ipsambul, better known locally as Abu Sunbul and internationally as Abu Simbel. These go back to the 13th century BC.

3/102
Djeser-Djeseru, also known as the mortuary temple of Hatshepsut in Upper Egypt also dates to 1400 BC. Over 500 years older is the nearby Mentuhotep II, also a mortuary temple. Both were dedicated to the cult of Amun Ra, besides their respective pharaohs.

4/102
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5/102
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