๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ฎ ๐๐ถ๐๐ถ๐ป๐ด
A Book BY DR ALEXANDER ELDER
๐งต Must Read Thread ๐งต
A Book BY DR ALEXANDER ELDER
๐งต Must Read Thread ๐งต
๐ฃ๐ถ๐น๐น๐ฎ๐ฟ๐ ๐ผ๐ณ ๐ฎ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด
๐ธ ๐๐ด๐บ๐ค๐ฉ๐ฐ๐ญ๐ฐ๐จ๐บ
๐ธ ๐๐ข๐ณ๐ฌ๐ฆ๐ต ๐๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด ๐ข๐ฏ๐ฅ ๐๐ณ๐ข๐ฅ๐ช๐ฏ๐จ ๐๐บ๐ด๐ต๐ฆ๐ฎ๐ด
๐ธ ๐๐ฐ๐ฏ๐ฆ๐บ ๐๐ข๐ฏ๐ข๐จ๐ฆ๐ฎ๐ฆ๐ฏ๐ต
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๐ธ ๐๐ด๐บ๐ค๐ฉ๐ฐ๐ญ๐ฐ๐จ๐บ
๐ธ ๐๐ข๐ณ๐ฌ๐ฆ๐ต ๐๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด ๐ข๐ฏ๐ฅ ๐๐ณ๐ข๐ฅ๐ช๐ฏ๐จ ๐๐บ๐ด๐ต๐ฆ๐ฎ๐ด
๐ธ ๐๐ฐ๐ฏ๐ฆ๐บ ๐๐ข๐ฏ๐ข๐จ๐ฆ๐ฎ๐ฆ๐ฏ๐ต
[2/18]
How to keep Emotions in check ?
๐ธ ๐๐ฒ ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐๐ถ๐ฐ : Donโt Expect 10% in a month or doubling your account every 6 months , Anywhere between 2 to 5% per month is a great return
๐ธ Keep a Trading Journal : helps you identify your weakness , strengths.
[3/18]
๐ธ ๐๐ฒ ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐๐ถ๐ฐ : Donโt Expect 10% in a month or doubling your account every 6 months , Anywhere between 2 to 5% per month is a great return
๐ธ Keep a Trading Journal : helps you identify your weakness , strengths.
[3/18]
๐ธ Set up rules of exit before entering a trade .
๐ธ Stop Trading if you feel you are overtrading , and feel your performance is lagging , Its OKAY not to trade !
[4/18]
๐ธ Stop Trading if you feel you are overtrading , and feel your performance is lagging , Its OKAY not to trade !
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๐ธ ๐๐ผ๐ป'๐ ๐๐ผ๐๐ป๐ ๐ ๐ผ๐ป๐ฒ๐ : Follow the process and donโt run behind money , if you are disciplines , have a profitable system , money will automatically come it !
๐ธ Practise Sound ๐ ๐ผ๐ป๐ฒ๐ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐( Position Sizing , Stoploss )
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๐ธ Practise Sound ๐ ๐ผ๐ป๐ฒ๐ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐( Position Sizing , Stoploss )
[5/18
One Indicator to rule them all ?
Different Indicators , Different uses , Different Situations
๐ธ Long Term Trend Indicator ( MACD ,EMAs ADX )
๐ธ OSCILLATOR ( Stochastics , RSI , MFI)
๐ธ You cannot use a Trend Following indicator in sideways market
[6/18
Different Indicators , Different uses , Different Situations
๐ธ Long Term Trend Indicator ( MACD ,EMAs ADX )
๐ธ OSCILLATOR ( Stochastics , RSI , MFI)
๐ธ You cannot use a Trend Following indicator in sideways market
[6/18
3. Rules of Thumb to use Indicators
EMAs is better than SMAs And focus on recent price data rather than average price data over a longer period of time
Weekly > Daily>Hourly> Intraday Charts
Use Few indicators , learn when to use , when not to use and how to use them
[7/18]
EMAs is better than SMAs And focus on recent price data rather than average price data over a longer period of time
Weekly > Daily>Hourly> Intraday Charts
Use Few indicators , learn when to use , when not to use and how to use them
[7/18]
๐ฐ. ๐ง๐ต๐ฒ ๐ง๐ฟ๐ถ๐ฝ๐น๐ฒ ๐ฆ๐ฐ๐ฟ๐ฒ๐ฒ๐ป ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฆ๐๐๐๐ฒ๐บ
๐ธ Trend is your friend ?
๐ธ Buy Low , Sell High ?
๐ธ Let your Profits Run ?
How high is high ?
And when to sell ?
Indicators can contradict each other , and they may Contradict itself.
[8/18]
๐ธ Trend is your friend ?
๐ธ Buy Low , Sell High ?
๐ธ Let your Profits Run ?
How high is high ?
And when to sell ?
Indicators can contradict each other , and they may Contradict itself.
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๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ถ๐ฑ๐ฒ
Use Weekly Trend following indicator to identify the longer term trend
Example : he uses MACD as a trend following indicator
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Use Weekly Trend following indicator to identify the longer term trend
Example : he uses MACD as a trend following indicator
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๐ฏ๐ฌ ๐๐ ๐ ๐๐ ๐ฆ๐๐ฝ๐ฒ๐ฟ๐๐ฟ๐ฒ๐ป๐ฑ ๐ช๐ฒ๐ฒ๐ธ๐น๐
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[10/18]
![๐ฏ๐ฌ ๐๐ ๐ ๐๐ ๐ฆ๐๐ฝ๐ฒ๐ฟ๐๐ฟ๐ฒ๐ป๐ฑ ๐ช๐ฒ๐ฒ๐ธ๐น๐
[10/18] https://t.co/UKjPMRJ3zT](https://pbs.twimg.com/media/FohhXAcakAAU4Qk.jpg)
![๐ฏ๐ฌ ๐๐ ๐ ๐๐ ๐ฆ๐๐ฝ๐ฒ๐ฟ๐๐ฟ๐ฒ๐ป๐ฑ ๐ช๐ฒ๐ฒ๐ธ๐น๐
[10/18] https://t.co/UKjPMRJ3zT](https://pbs.twimg.com/media/FohhY3aaYAEoXje.jpg)
Market wave : Need to buy at correct places even in longer term trend as you may get stopped out
๐๐ป๐๐ฟ๐ฎ๐ฑ๐ฎ๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐
โขWhen buying use Buying -Sell Stop and enter on breakouts if the longer term allows you to buy and Use stoploss as breakout candle low
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๐๐ป๐๐ฟ๐ฎ๐ฑ๐ฎ๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐
โขWhen buying use Buying -Sell Stop and enter on breakouts if the longer term allows you to buy and Use stoploss as breakout candle low
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The Triple Confirmation Trading System
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[12/18]
![The Triple Confirmation Trading System
[12/18] https://t.co/RR7R8alEov](https://pbs.twimg.com/media/Fohhk6bakAAfcdn.jpg)
Chart and technical analysis
๐ธ Focus on basic Support and Resistance which increases your probability
๐ธ Focus on chart patterns, candlesticks
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๐ธ Focus on basic Support and Resistance which increases your probability
๐ธ Focus on chart patterns, candlesticks
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๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป ๐ฆ๐ถ๐๐ถ๐ป๐ด
If you are long , then shift your stoploss upwards and not downwards !
How to Position Size ?
Capital = 1,00,000
Risk Per day = 2000
Stock Price =100
Stoploss = 90 ( Example Low of candle )
Qty = 2000/10 Rs
Total Qty = 200 !
[14/18]
If you are long , then shift your stoploss upwards and not downwards !
How to Position Size ?
Capital = 1,00,000
Risk Per day = 2000
Stock Price =100
Stoploss = 90 ( Example Low of candle )
Qty = 2000/10 Rs
Total Qty = 200 !
[14/18]
๐ ๐ผ๐ป๐ฒ๐ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐ญ๐ฌ๐ญ
1.Survival,
2.Steady returns,
3.High returns
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1.Survival,
2.Steady returns,
3.High returns
[15/18]
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@JayneshKasliwal
@JayneshKasliwal
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