7 most Powerful Intraday Setups that will save you hundreds of hours + change your trading career (all FREE)

Thread 🧵

(1/N)

Precautions:

1) Always backtest the ideas before using them in live markets. It gives confidence and conviction.

2) Always keep your risk within 2-3% (of your capital) per trade.

3) System hopping is not a good idea.

(2/N)

#1 IB Open Low Setup

When the market opens above/at the previous day's high, displays open-low, and OL sustains for some time.

It indicates the presence of Initiative Buyers.

Entry: Long trade above Open-Low Candle (in 10 or 15 min chart)

SL: Below open-low candle

(3/N)

#2 IB Open High Setup

Similar to OL, when the market opens below/at the previous day's low, displays open-high, & OH sustains for some time.

It indicates the presence of Initiative Sellers.

Entry: Short trade below Open High Candle

SL: Above open-high candle

(4/N)

#3 IB Open Test Drive Up

This is similar to OL, but it opens above PDH, but tests the PDH, negates all selling, and then closes above PDH.

It indicates the presence of Initiative Buyers.

Entry: Long trade above Open Test Drive UP Candle

SL: Below OTD-UP candle

(5/N)

Millions of students are returning to school this week.

But these 10 Online Courses will teach you more than any $100,000 Degree:

1/ Building a Second Brain

Who: @fortelabs

What: A Proven Method to Organize Your Digital Life and Unlock Your Creative Potential

Course:

2/ Part-Time YouTuber Academy

Who: @AliAbdaal

What: Grow your YouTube channel from 0 to 100,000+ subscribers and transform it into a sustainable, income-generating machine.

Course:

3/ Ship30for30

Who: @dickiebush & @Nicolascole77

What: Cohort-based course that has taught over 4,000 students the fundamentals of writing on the internet.

Course:

4/ Build Once, Sell Twice

Who: @SahilBloom

What: A digital curriculum that helps you identify your specific knowledge, take it to market, and divorce your time from your income.

Course:

I transformed my body in 6 months.

People charge INR 25,000+ for this information. It should be free.

Just follow these simple fat loss rules:

Exercise:
• 3-4x per week
• Weights > Cardio
• Compound movements first
• Cardio after weights

Don't focus on burning calories focus on getting stronger

Video

Nutrition:
• 20-25% calorie deficit
• 1.6-1.8 g/Kg Protein
• 2x fruits & veggies daily
• Limit eating out

Food quantity determines weight loss. Food quality determines health.

Video

Sleep:
• Fix wake up time
• Sleep 8 hrs
• No caffeine after 2 pm
• Dinner 2-3 hours before bed

Have a routine, and be consistent. Routines save your time and maximise your energy.

Video

Simple is beautiful.

Don't bookmark and forget.

• Commit to the end goal
• Disappear for 6 months
• Build yourself in private

Before you go, I would love to give you 10 bonus tips to make you unstoppable-

(with step-by-step video tutorials)

My swing cash strategy ☢️
(In simple language)

1⃣ #stock selection process - always choose that stock which are consolidating near all time high

(Because whenever stock will give all time high breakout then it will easily give 20/30% return in 1/2 months

2⃣Volume analysis - In that consolidating period volume should be high of up move days then down move days. And last 3/4 month volume of accumulation is must higher then previous days.

Volume analysis indepth -

3️⃣ fund diversification - always deploy your capital in 3/4 stocks, not more then that or not less then 3.

And, your 3/4 stocks must be from different strong sectors.

4⃣comunding magic - If you hold 10 stocks then if 2 stocks will give 100% return then portfolio impact is 20% only. time period - 8/15 months

If you hold 3 stocks out of them 2 will give 40% then ur portfolio impact is 25%( time period is 1/3

5⃣sectors analysis - always choose that sector stocks which are near support or breakout stage.

If any stocks is out of nifty sector then u can open stock scanner website and check their peer charts.If out of 5,3 are strong then u can select that

Free Python Books for beginners for free

Bookmark this thread

A thread🧵👇

1. Learning

During my MBA, trading days and till now, I have read multiple books on trading and investing. Listing the best ones that I loved.

Pick based on your style - Fundamental/Technical/Momentum/options trading

Please retweet for max reach. Comment other books u love

1. Technical Analysis of the Financial Markets - John Murphy

A book which builds your basics on charts, trends, price patterns, MAs, oscillators etc. A must read for beginners!

2. Trade like a Stock Market Wizard by @markminervini

Amazing book covering critical concept of volatility contraction pattern. It is a timeless pattern rooted in human psychology & demand, supply forces. He is a multiple time US investing champion & a rags to riches story!

3. How to make money in stocks - William O'neil

Guru of a lot of investors and the one who gave the CANSLIM strategy! This along with Minervini's book is the minimum you should surely read.

4. Rare book which u might not have heard of: How to Sell by Justin Mamis

An old book published around 1980! Read this only after you are well-versed with the basics. I found it pretty good with new stuff which cements your thoughts.

Over the past 10 years, I've watched over 250 YouTube videos on quantitative finance.

And the truth is, 99% of them were a complete waste of time.

But these 8 are worth more than a 4-year degree:

Algorithmic Trading Using Python (4.5 hours)

Learn how to perform algorithmic trading using Python in this complete course. Algorithmic trading means using computers to make investment

Quantitative Stock Price Analysis with Python (25 minutes)

We look at some quantitative analytical methods of stock price changes using Python and

How to Create & Test Trading Algorithm in Python (20 minutes)

Learn how to download and manipulate data then develop a momentum strategy trading algorithm with

Python for Quant Finance (50 minutes)

The talk discusses and illustrates why Python might be the right choice for implementing ambitious quant finance applications and

10 free websites that are so valuable they feel illegal to know:

1. TinyWOW:

Get free versions of tools you usually pay for. Includes free versions of:

• Adobe Acrobat Pro (PDF editor)
• Photoshop (image editor)

2. Jenni AI:

An AI auto-writing tool that automatically writes your essays and emails for you.

All you have to do is give it a title and a couple of sentences.

3. Temp-mail

Temp-mail gives you a temporary email and inbox to help you sign up to a website and avoid all the spam down the line.

4. Quillbot:

Quillbot is a paraphrasing website that rewrites everything as plagiarism free text.

Super handy if you're in college.

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

Directional Traders are good at spotting patterns.

But 98.8% of the new traders, don't know how to spot patterns.

I analyzed @niki_poojary 's account, to learn the most important patterns to master.

Here are the 8 of the most important patterns: 🧵

1/ Cup and handle Pattern

Happens during an uptrend.

The cup portion has a U-shaped appearance.

The bears are getting weaker as they are unable to drive the prices below the last low.

Subhasish Pani uses this a lot in stocks to spot bullish trades.

2/ Inverse Cup and Handle Pattern

Happens during a downtrend.

The cup portion has a reverse U-shaped appearance.

The bulls are getting weaker as they are unable to drive the prices above the last high.

Subhasish Pani uses this a lot in stocks to spot bearish trades.

3/ Double Bottom Pattern

It is a bullish pattern that has the shape of a "W".

The market tries twice to break the lows but is unsuccessful.

This is a reversal pattern to observe during a downtrend for a bullish trade.

4/ Double Top Pattern

It is a bearish pattern that has the shape of an "M".

The market tries twice to break the highs but is unsuccessful.

This is a reversal pattern to observe during an uptrend for a bearish trade.

Some of the greatest trading rules every coined.

Want to be a full-time trader?
It seems coolest thing, no office, no boss, u can work from anywhere, isn't it?
But wait..
Here is a stringent checklist for u-
If u satisfy all the criteria then only think of #trading as a full time career.

#MegaThread
+++

1. #MentalFitness -
Yes, I kept it at top because it's all about controlling your emotions.
Then comes the trading system which you will gradually build for yourself.

Trading is about finding what works for you and sticking to it no matter what.

++

2. #CashFlows -
It must be made sure that the income from trading per year on an average is more than what your current income is, plus it should cover cost of running business (office/net connection/paid subscriptions etc)

3. #DebtFree
This is most important thing when u r thinking of full time trading.
You must be debt free or if u have any emi to pay then u must have other stable income source.
+++

4. #NoBorrowedMoney -
This is another mistake newbies do.
They take money from frnds after losing their own initial capital.
& 95 out of 100 traders will eventually blow the borrowed money also leading to depression, anxiety & stress.
+++

HOW TRADING FROM A CORPORATE ACCOUNT CAN HELP YOU TO SAVE TAXES?

Since I myself have started trading from a corporate account recently, I'll share about my reasons for doing so and how drastically it can help to reduce taxes.

1: Save taxes:

The prime objective was only and only to reduce taxes. There's no other reason to trade from a corporate account.

2: Form a Pvt Ltd company : I've formed up a Pvt Ltd company since that's what I was advised by majority of the people including my CA as opposed to LLP/HUF.

3: Claiming Expenses: This is the most beneficial aspect of a pvt ltd company.

You can literally claim any expenses in the name of the company. Some of them are:

- Rent expense: You can literally claim your office rent as an expense. Your registered office can also be your own house where you live.

Further you can also claim electricity expenses and what not.

Best resort on the Ganga at Rishikesh

5 Year ago, I didn’t know what Nifty means.
Here I am sharing the minimal free content that you can follow to become the best trader in the world.

A Thread 🧵

The first source I started with was #Zerodha Varsity.
It has an amazing Whitepaper, a person who wants to get a good basic understanding about trading can start from there first.

Link :

After completing the whitepaper go through these books one by one in the same order:

1. Anna Couling
Book : A Complete Guide to Price and Volume Analysis

This book will help you to understand the price and volume action in detail.

2. Stan Weinstein
Book : Secrets For Profiting in Bull and Bear Markets

After getting a good understanding of Price Action and Volume, this book will help you to understand the Stage Analysis and Relative Strength Concept.

3. William O’Neil
Book : How to Make Money in Stocks
I take it as a Bible to learn about trading as it gives a 360 degree view before taking any trade. We will get a better idea about fundamentals you should focus on along with many technical charts as soon as you open the book

The best traders in the world have made millions from one setup.

The setup? A breakout from a base.

But what do these bases have in common & what should you be looking for?

Here are the most important characteristics of a proper base, broken down one by one 🧵👇

By the end of this thread, you will:

✅Be able to identify the main characteristics of a proper base
✅Understand subtle clues of accumulation
✅Have access to 20+ real world examples

Let's get started! 👇

Proper bases all have the following characteristics:

▪️ Shallow Base Depths
▪️ Prior Uptrend of at least 20%
▪️ Early Stage Base
▪️ Daily & Weekly Accumulation Signatures
▪️ Relative Strength Periods

Follow along as we break down each aspect in greater detail below 👍

#1: Shallow Base Depths

Base depth is a key component of a proper base.

We measure a base's depth from the absolute peak to the absolute low.

Institutions are the major base builders in the market, & the shallower the base, the stronger the institutional hold in the name.

Here are some good criteria to keep in mind when analyzing bases:

< 20-30% off the highs = best
< 30-40% off the highs = good
< 40-50% off the highs = acceptable under certain circumstances
> 50%+ off the highs = avoid (with exception to some younger IPO names)

William J. O’Neil’s 10 Trading Principles that Made Him a Legend.

A Thread🧵👇

“I make it a rule to never lose more than 7 percent on any stock I buy. If a stock drops 7 percent below my purchase price, I will automatically sell it at the market – no second-guessing, no hesitation”

“The whole secret to winning in the stock market is to lose the least amount possible when you’re not right.”

William O’Neil studied historical chart patterns relentlessly and read thousands of trading books.

“90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.”

He invested in an industries leading stocks not its laggards and dogs.

“It seldom pays to invest in laggard stocks, even if they look tantalizingly cheap. Look for, and confine your purchases to, market leaders.”