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what makes u to book ur profit early?
why are u cutting ur big winner into small winner?
what should u do in order to maximise ur winner?
Solution is multitimeframe analysis
read on,
An article adressing that follows
thread 1/14
why are u cutting ur big winner into small winner?
what should u do in order to maximise ur winner?
Solution is multitimeframe analysis
read on,
An article adressing that follows
thread 1/14
Reason for Missing Big Moves & the Logic to Tackle that
Most of the stocks which r looking overstretched in uptrend that taking an entry would be very risky,
will have a great looking potential in weekly charts.
Higher TF reveal the trend which is in place has just started
2/14
Most of the stocks which r looking overstretched in uptrend that taking an entry would be very risky,
will have a great looking potential in weekly charts.
Higher TF reveal the trend which is in place has just started
2/14
Look at the daily chart of Bigbloc,
it has doubled from the price of May-2020.
It’s doubled in 4 months.
That’s too furious a rally.
In this TF, it’s definitely looks to have went up too far unreasonably.
And it’s too risky to bet on its further upside potential.
3/14
it has doubled from the price of May-2020.
It’s doubled in 4 months.
That’s too furious a rally.
In this TF, it’s definitely looks to have went up too far unreasonably.
And it’s too risky to bet on its further upside potential.
3/14
But have a look at its weekly chart.
Scenario here is completely different.
It’s a recent breakout from a flat top structure.
Good volumes are already in it to push much further ahead.
It’s a wonderfully looking chart in this TF.
4/14
Scenario here is completely different.
It’s a recent breakout from a flat top structure.
Good volumes are already in it to push much further ahead.
It’s a wonderfully looking chart in this TF.
4/14
In most cases,
whatever looks like exhausted in LTF,
would psychologically push us back from taking an entry in it.
We wait for a reasonable correction in it,
only to see it’s going up up and up again.
5/14
whatever looks like exhausted in LTF,
would psychologically push us back from taking an entry in it.
We wait for a reasonable correction in it,
only to see it’s going up up and up again.
5/14
A view from HTF,
is the logical solution here.
U should never, make view based on LTF trend.
If u are into short to medium term delivery trades, avoiding what happens in weekly TF is a big mistake.
6/14
is the logical solution here.
U should never, make view based on LTF trend.
If u are into short to medium term delivery trades, avoiding what happens in weekly TF is a big mistake.
6/14
he same logic applies in all time frames in trading.
The volatile moves in LTF which u are trading in is the single biggest reason to profit prematurely.
7/14
The volatile moves in LTF which u are trading in is the single biggest reason to profit prematurely.
7/14
You should always keep a tab on what being happened in HTF,
until unless something clearly visible there which suggests a trend reversal,
all the see-saw moves in LTF is a mechanisms to shake the weak hands off the positions.
8/14
until unless something clearly visible there which suggests a trend reversal,
all the see-saw moves in LTF is a mechanisms to shake the weak hands off the positions.
8/14
Even in the case of a scalper who trades in 1min chart,
if he choose to catch the direction of the trade which is in line with TF like 15min,
he adds lots of favorable pointers to his advantage where he might catch a way bigger move.
9/14
if he choose to catch the direction of the trade which is in line with TF like 15min,
he adds lots of favorable pointers to his advantage where he might catch a way bigger move.
9/14
A trend in 1 min lasts for 10-20min while a trend in 15 min lasts 3-5hrs.
A clear perspective about the trend in 15min might even enable him
to catch an entire move even from TF as small as 1min
That’s how multi time analysis should be used in your advantage.
10/14
A clear perspective about the trend in 15min might even enable him
to catch an entire move even from TF as small as 1min
That’s how multi time analysis should be used in your advantage.
10/14
The article is basically focused on the technical aspects of the trading.
There are lots of emotional & psychological traits involved in dealing with this which kept completely untouched here.
11/14
There are lots of emotional & psychological traits involved in dealing with this which kept completely untouched here.
11/14
Those things cannot be generalized as each and every person has his own personal characteristics
and
no one size fits all.
Even a single size won’t even fit the next person let alone all people.
There is no clear way of explaining how to build the required mindset.
12/14
and
no one size fits all.
Even a single size won’t even fit the next person let alone all people.
There is no clear way of explaining how to build the required mindset.
12/14
You cannot have the emotional stability
when ur hard earned money at stake,
without being systematic
and
have strong conviction on the method one use.
The proper way to build conviction is through backtesting your method and fine tune it in the live market.
13/14
when ur hard earned money at stake,
without being systematic
and
have strong conviction on the method one use.
The proper way to build conviction is through backtesting your method and fine tune it in the live market.
13/14
The trust you develop on it based on the data which never lie. That’s the root of building the right mindset and psychology from. Work on the right factors to evolve urself into the better being as a trader.
Best Wishes
14/14
Best Wishes
14/14
