I am developing my own trading style based on the learnings of many teachers.
1. Stock selection:- This is based on learnings of Accumulation/Distribution, 52week high/ATH from @Sandeep_Majjigi sir.Demergers/forced selling concept by @NeilBahal sir. IPOs from @iDavinderK sir.
1. Stock selection:- This is based on learnings of Accumulation/Distribution, 52week high/ATH from @Sandeep_Majjigi sir.Demergers/forced selling concept by @NeilBahal sir. IPOs from @iDavinderK sir.
2. Entry point:- I try to enter before the obvious breakout points. I am learning this from @charts_zone sir and recently, I have learnt a new concept from @iManasArora sir of strong start is the new breakout. I look for strong start to enter early in my selected stocks.
3. Stop loss:- This one I learnt from @Rishikesh_ADX sir. I am practicing his method by using daily closing basis SL. He has taught Dow theory in a very different style by using closing basis SL.
4. Selling rule:-
In positional trades, I use learning from @Sandeep_Majjigi sir based on distribution pattern. For short term trades, I also try to use concept taught by @iManasArora to book profit by selling into strength.
In positional trades, I use learning from @Sandeep_Majjigi sir based on distribution pattern. For short term trades, I also try to use concept taught by @iManasArora to book profit by selling into strength.
I am learning this way of handling short term trades by booking partial profit in stocks going up on continuous 4-5 days. Sometimes, I also book out of position, if stock is down more than 5% in a single day on above average volume or big gap down day.
5. Risk management and position sizing:- These I learnt from @charts_zone, @iManasArora. They also taught the importance of maintaining log book. And R:R concept.
6. When to be aggressive/ defensive:- Currently, i purely rely on the data and commentary by @Sandeep_Majjigi sir. He has neck for finding it with best accuracy. Sir has also taught concept of market & economy cycle and its correlation.
7. Indicators:- This I learnt from @charts_zone sir. I also don't use any indicator now. I also use only MAs and Price-volume action.
8. Miscellaneous:- I learnt a very important concept from @charts_zone of reviewing your own trades. This has definitely given me a different perspective. In my opinion, this is must for every trader.
9. Further, I learnt many things from the books of @markminervini sir which can't be written in a single tweet.
P.s:- I am trying to copy their process and not to copy their trades.
P.s:- I am trying to copy their process and not to copy their trades.
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