23 Jan
Learning CPR
Trade was taken on the basis of BULL BREAKOUT FAILURE, cpr theory wise > it was 34ema pb but as a option buyer I need very precise entry and i dont usually trade ema pb as they seem less reliable on choppy days.
#niftyOptions#nifty50#OptionsTrading
@finallynitin Nitin sir ab options kaise trade kroge with CPR uss pr analysis kriye , futures mai aap hold kr skte ho thoda long but that you cannot do with options as they are very volatile and theta decay is a factor too. Im curious about how you will trade options and learn from you.
@imyudhishter Sirf kaam chalana hota to mai AI se trade krta but i believe in every bar tells a story. Bar by bar chart read krne ki practice kr rha hu mai. Har bar and har tick pr koi trade le rha , by reading the chart bar by bar i try to understand what smarter participants are doing.
@imyudhishter I agree with your statement but you can never be too sure ki since priot trend h to ye range ke baad trend resume hoga. What if ye FINAL FLAG h and iske baad trend reversal hone wala h. Vo bull breakout failure was the signal ki yess bulls trend reverse to nhi krne wale ab.
@imyudhishter Yes since aaj first half choppy tha to mai aise days mai 9ma ya 34ma pullback trades lena pasand nhi krta. Vo to mujhe Bull breakout failure dikha to maine socha and still i waited for the price to breakdown below that range(flag) usse pehle still less conviction tha.
@DocRajvanshi Since im only a beginner and want to sharpen my skills on how to read chart perfectly using price action . I tend to focus less on what option strike i should buy and more on the chart itself. I use both option chart and nifty chart side by side and i have cpr on both of them.
@STOCKMARKETSPIN Recent trend seems very negative. But ek do din ka price action aur dekhna padega ki ab bulls market ko upar leke jaenge ya nope kyuki measured move of larger trend complete hogya h mere hisab se.
22 Jan
Learning CPR,
If I had more confidence i would have take a trade very early in this leg. High conviction Low confidence.
Still Working on confidence and ending the day with a win . Will be posting Daily from now on.
#nifty50#DayTrading#OptionsTrading#IndianStockMarket
@finallynitin Everybody says ki theme sector best hona chaiye , but how do we pick the best theme and sector ? How to you do filter out best sectors currently? Har koi bs bol deta h best sector mai hi trade kro but koi batata nhi h how to do it actually? Screener pr stocks dekhna aata h bs
@finallynitin Are there any plans for new content on youtube? Are you going to continue with CPR guides? Or even swing trading? Just Dont stop Uploading ❤️
@imyudhishter It is tricky, if you look at the 5 min chart , nifty made 3 times doji and breakdown of the doji but the very next candle is a wide bodied green candle. Since option buyers cannot hold positions as future traders. We need precise entry thats is why i used elliot wave in 1 min.
12 Jan,
Learning CPR
NCC OD & Pullback and Reversal
Holy smokes what a day. 200 pts down and then reversed 340 points.
Used CPR and Elliot wave in the pullback to get precise entry.
Reversal Bull move was swift and unpredictable. Was it a news based move? India-US trade News?
@finallynitin I dont read much biographies and autobiographies. I do read philosophical novels and i understand they might seem boring and they are not for everybody. If you want i would suggest that you start with Sophie's World , then doestovesky ki novels and other philosophical writers.