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How many of you guys prefer to trade in Cash scrips because the FnO market is too dangerous/risky??
Let me know in the comments section and I'll post a few examples of short term setups (hourly charts) in the cash segment
Let me know in the comments section and I'll post a few examples of short term setups (hourly charts) in the cash segment
The advantage is that you avoid the dangers of the FnO market and at the same time you can expect returns of 10 - 50% in fairly quick time using a fixed amount of capital between 20 - 50K depending on your risk appetite
It doesn't have the drama and action of the FnO space but if you're patient and steady and can trade 2-3 setups a month you can make a decent profit with the aim being to accumulate slowly
The key of course if to start with small position size and once you've mastered the art and are decently profitable after 6 - 12 months then double your position size
If you can double your position size every 12 months then in jus a few years you'll be trading a substantial amount because you will have the capital and the confidence to back you up
The TRICK of course is:
1) PATIENCE - Nobody wants this quality while trading. Everyone wants to get rich Fatafat
2) DISCIPLINE - Another quality that 99% of traders lack. You have to have a plan and stick to it. It's extremely important!!
1) PATIENCE - Nobody wants this quality while trading. Everyone wants to get rich Fatafat
2) DISCIPLINE - Another quality that 99% of traders lack. You have to have a plan and stick to it. It's extremely important!!
3) PERSEVERANCE - It's not easy and sometimes even after doing the right thing, profits don't come. You have to keep doing the right things again and again and you have to believe!!
4) LUCK - This is the most important one and I wish all of you the very best of luck!!
4) LUCK - This is the most important one and I wish all of you the very best of luck!!
Ok here goes!!
Classical chart patterns work best on longer duration charts but since we're trading and looking for quick gains we focus on finding these same patterns on hourly charts
Classical chart patterns work best on longer duration charts but since we're trading and looking for quick gains we focus on finding these same patterns on hourly charts
Horizontal breakouts are the best especially if there are at least 3-4 touches of the upper boundary
Breakouts are clean and swift and if they fail we exit below the horizontal boundary and lose very little money
Here's an example. Already up 25% in jus a few days
Breakouts are clean and swift and if they fail we exit below the horizontal boundary and lose very little money
Here's an example. Already up 25% in jus a few days
Next of course is the symmetrical triangle
I've noticed they occur regularly on the hourly charts so more chances to trade
Look fo setups with higher sloping trend lines as they are much more reliable and also SL is easier to set
Examples in next tweets
I've noticed they occur regularly on the hourly charts so more chances to trade
Look fo setups with higher sloping trend lines as they are much more reliable and also SL is easier to set
Examples in next tweets
Sunflag Iron
See the upper TL is almost horizontal hence more reliable
Another 25% mover
See the upper TL is almost horizontal hence more reliable
Another 25% mover
NCC
Again with a nice higher sloping upper TL which is almost horizontal as well and also gave 25%
Again with a nice higher sloping upper TL which is almost horizontal as well and also gave 25%
And here's one where all of you can enter if it retests around 326
It's a nice looking Inv HnS with a sloping neckline instead of a horizontal one but again the slope is nice and high so we take a punt
Target comes to 380 - 390 which is a 25% move
It's a nice looking Inv HnS with a sloping neckline instead of a horizontal one but again the slope is nice and high so we take a punt
Target comes to 380 - 390 which is a 25% move
Stop watching TeeVee and listening to the bullshit on financial news channels.. Their goal is to only get eyeballs.. They care a damn abt you
Make it a point to learn technical analysis. It's the only edge you have against the big boys
Make it a point to learn technical analysis. It's the only edge you have against the big boys
If you don't have the time to learn TA then focus only on a few setups like HnS, Horizontal breakouts and high sloping symmetrical triangles like I showed
Anyone can learn these setups as they really are very simple
Anyone can learn these setups as they really are very simple
Make it a point to look at at least 100 charts a day to try and find these patterns
1-2 mins per chart is all it takes so 100 charts will take 2 hours at best
If you can't put in 2 hours a day then you don't deserve to be a trader and you don't deserve to make money
1-2 mins per chart is all it takes so 100 charts will take 2 hours at best
If you can't put in 2 hours a day then you don't deserve to be a trader and you don't deserve to make money
Once your eye is set it will get easier and like they say practice makes perfect!!
So go ahead and help yourself!! The upside is that you will make money which is great incentive IMO
So go ahead and help yourself!! The upside is that you will make money which is great incentive IMO
Hope you guys enjoyed and get inspired by this thread!!
My goal is to teach since I learned the hard way
Do post your charts if u want me to review them and confirm your bias
Always here to help!!
My goal is to teach since I learned the hard way
Do post your charts if u want me to review them and confirm your bias
Always here to help!!
