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
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 profits
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book profits
Post that the plight of the stock:
Example 2: Booking profits when the stock is extended from 10WMA
10WMA = 50DMA
10WMA = 50DMA
Another hack to identify extended move in a stock:
Too many green days!
Read below
Too many green days!
Read below
When you buy a stock, first check whether they are extended from the MA, if yes then the probability of those stocks performing is lower
Read this entire thread, to know the rules of extended
Read this entire thread, to know the rules of extended
Check you trade journal now, and go through the trades that didn't work, now check whether those were extended?
Positional/Swing traders are always have one question, when to book profits?
Ans: Exit partial qty when the stock gets extended
Simple yet Effective!
Ans: Exit partial qty when the stock gets extended
Simple yet Effective!
How extended move on the upside can be used to Short a stock:
Example 1: Shorting #JSWSTEEL on the basis of Extended move
Example 1: Shorting #JSWSTEEL on the basis of Extended move
Example 2: Shorting #ADANIENT on the basis of Extended move
Not many traders short, especially the newbies, so here is an imp note:
Disclaimer: These stunts are performed by a pro @iManasArora , pls dnt jump directly into shorting without knowing the basics
Disclaimer: These stunts are performed by a pro @iManasArora , pls dnt jump directly into shorting without knowing the basics
So far you have understood two things:
1. Never enter an extended stock
2. Use the extended info to book profits or go short
But then, long only traders in cash segment think they cant utilize the opportunity in a down trending market
1. Never enter an extended stock
2. Use the extended info to book profits or go short
But then, long only traders in cash segment think they cant utilize the opportunity in a down trending market
Time to bust this myth, @iManasArora shows how one can use the extended info to go long - REVERSAL PLAY!
Look for stocks down 4-6days in a row. Then look for reversal signs on a much lower frame to enter.
Manas believes: Excessive weakness offers a good long opportunity!
Look for stocks down 4-6days in a row. Then look for reversal signs on a much lower frame to enter.
Manas believes: Excessive weakness offers a good long opportunity!
Thinking out of the box!
Lets see how @iManasArora Walks the Talk
Lets see how @iManasArora Walks the Talk
How to use extended moves on the downside for reversal plays
Example 3: #NBCC
Spot extended moves in your P&L as well, and know when to slow down
Example 3: #NBCC
Spot extended moves in your P&L as well, and know when to slow down
Lets check how to play reversals on fresh listed stocks i.e. recent IPO's
Be creative and have an open mind!
When to fold in Reversal Play,
A lot of people have a question, what if it falls further?
Ans: You can always get out with a small SL, but but but, remember the opportunity is only gonna get more sweeter
Ans: You can always get out with a small SL, but but but, remember the opportunity is only gonna get more sweeter
Since, @iManasArora enters a trade with tight stops of 1-2%, he has studied the behavior of his trades in past, and from experience he knows how much time they take to perform or fail!
You can use this info to build a system of yours!
You can use this info to build a system of yours!
Applying extended move logic not just to stocks but extending it your P/L
Now when the stocks have an extended move on the downside, instead of being grumpy, be happy that the opportunity to play the Reversals is round the corner
#BroTip
#BroTip
You can also go through his TL @iManasArora which itself is a pool of knowledge
If you❤️this, why not share?
Retweet the first tweet and help others find this 🧵
Happy learning 🤓 to everyone!
If you❤️this, why not share?
Retweet the first tweet and help others find this 🧵
Happy learning 🤓 to everyone!
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