Param Mishra @InflectionAlpha - Twitter Profile

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about 2 months ago

Hi, my name is Param and I am a 21 year old trader. My job is just to manage risk and catch strong momentums. This account is just to keep myself accountable, and follow the rules I have set for myself. These are my rules, if I ever go outside these, I will be answerable to my process. Scanning Criterias:- - Stocks gaining 20% in 1 month and above their 200ema. Now within 5% of their 1m high. - Stocks gaining 20% in 1 month and above their 200ema. Now within 5% of their 1m high. - Stocks gaining 50% in 3 months and above their 200ema. Now within 5% of their 3m high. - Earnings Pivot - The first minute high, when taken out on strong volume, I enter. I keep trailing with 9ema on the 5m time frame. (Started from Q1’fy27 so need to get better at this) - Stocks moving post strong earnings and buying them on a pullback or on breakout of the next base. Delayed EP. - IPO scan to check for base formation in new stocks. Entry Criterias:- - Stair Step Pattern - This is what I call the high tight flags/breakouts. Basically when a stock runs up quickly on strong volumes and consolidates or hangs near the top, is when it starts becoming interesting. When it then breaks out of that base, I enter. - Pullbacks to 10 ema, and becomes even more attractive if the pullback candle closes above PDH. - Standard horizontal breakouts but with tightness/consolidation on the right side. ~I try to enter at exactly the pivot point. However, if the stock runs up quickly, I pay a maximum premium of 1-1.5% above the pivot point. Not more than that. Volume Criterias:- - On breakouts, if I am buying on day end, a minimum of 100% RVOL is a necessity. Rvol lookback bars are 21. - In the start, Rvol has to be a minimum of 20% in the first 10-15mins. - During the day, I prefer the Rvol to be a minimum of 50-75% depending on the time of the day. - On pullbacks, volumes do not make or break a trade for me. However, strong volumes are always better. Stop Loss:- I do not trade without a stop loss. It is an absolute must for any trade I am taking. - In all cases, my stop loss is Day’s Low or Base Low. My stop loss will rarely be more than 5% away from the entry price. - When I start entering the market post a break/pause, I risk a maximum of 0.5% per trade and when a minimum of 3-5 trades start showing good momentum, I increase my risk on capital gradually to 0.75% then to 1% EXIT Criterias:- - On a gain of 4-5% (1R), I bring my SL to cost, making the trade risk free. - In case, a stock gives me an instant 10-12%, I exit 25-50%, and keep my sl to cost. - I trail the rest using Day Low if the candle is 5% or more. In other cases, I use a PDL as a way to trail or the 10ema. Other things which I feel important:- - Only buy stocks which have an avg volume of more than 50000 shares. - The number of stocks in scans from a particular sector tells me about the sectors which are the strongest. I try to be in the top 4-5 themes. However, this is not the most defining criteria for me. I may enter stocks with good setups even if it is an outlier. - Generally, my pullback entries are at day end, as they help me judge the strength better. - For swing trading in the result season, I either focus on stocks where earnings are already out or earnings are at least 3 days away. If there are other pointers apart from these that I feel are important, I will add to this.

InflectionAlpha's tweet photo. Hi, my name is Param and I am a 21 year old trader. My job is just to manage risk and catch strong momentums. This account is just to keep myself accountable, and follow the rules I have set for myself.

These are my rules, if I ever go outside these, I will be answerable to my process.

Scanning Criterias:-
- Stocks gaining 20% in 1 month and above their 200ema. Now within 5% of their 1m high.
- Stocks gaining 20% in 1 month and above their 200ema. Now within 5% of their 1m high.
- Stocks gaining 50% in 3 months and above their 200ema. Now within 5% of their 3m high.
- Earnings Pivot - The first minute high, when taken out on strong volume, I enter. I keep trailing with 9ema on the 5m time frame. (Started from Q1’fy27 so need to get better at this)
- Stocks moving post strong earnings and buying them on a pullback or on breakout of the next base. Delayed EP.
- IPO scan to check for base formation in new stocks.

Entry Criterias:-
- Stair Step Pattern - This is what I call the high tight flags/breakouts. Basically when a stock runs up quickly on strong volumes and consolidates or hangs near the top, is when it starts becoming interesting. When it then breaks out of that base, I enter.
- Pullbacks to 10 ema, and becomes even more attractive if the pullback candle closes above PDH.
- Standard horizontal breakouts but with tightness/consolidation on the right side.

~I try to enter at exactly the pivot point. However, if the stock runs up quickly, I pay a maximum premium of 1-1.5% above the pivot point. Not more than that.

Volume Criterias:-
- On breakouts, if I am buying on day end, a minimum of 100% RVOL is a necessity. Rvol lookback bars are 21.
- In the start, Rvol has to be a minimum of 20% in the first 10-15mins.
- During the day, I prefer the Rvol to be a minimum of 50-75% depending on the time of the day.
- On pullbacks, volumes do not make or break a trade for me. However, strong volumes are always better.

Stop Loss:-
I do not trade without a stop loss. It is an absolute must for any trade I am taking.
- In all cases, my stop loss is Day’s Low or Base Low. My stop loss will rarely be more than 5% away from the entry price.
- When I start entering the market post a break/pause, I risk a maximum of 0.5% per trade and when a minimum of 3-5 trades start showing good momentum, I increase my risk on capital gradually to 0.75% then to 1%

EXIT Criterias:-
- On a gain of 4-5% (1R), I bring my SL to cost, making the trade risk free.
- In case, a stock gives me an instant 10-12%, I exit 25-50%, and keep my sl to cost.
- I trail the rest using Day Low if the candle is 5% or more. In other cases, I use a PDL as a way to trail or the 10ema.

Other things which I feel important:-
- Only buy stocks which have an avg volume of more than 50000 shares.
- The number of stocks in scans from a particular sector tells me about the sectors which are the strongest. I try to be in the top 4-5 themes. However, this is not the most defining criteria for me. I may enter stocks with good setups even if it is an outlier.
- Generally, my pullback entries are at day end, as they help me judge the strength better.
- For swing trading in the result season, I either focus on stocks where earnings are already out or earnings are at least 3 days away.

If there are other pointers apart from these that I feel are important, I will add to this.

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Param Mishra

@InflectionAlpha

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