One of the worst thing for India - Middle East crisis is behind us.
Oil has cooled off.
FTA’s are aligning.
18-20 months of bear to consolidation phase.
I don’t know about others , i am an optimistic.
If not today , then may be few months later but soon.
So, that’s why i am giving space to trades.
Many will think after a narrow pullback that oh where is the bull now ? Or where is the strength ?
Decide what your plan is at this moment , you may decide to do quick trades and build gains and wait for more strength before giving space or you may decide to give space right away.
Both are right , but reaction to such days will differ. If you are giving space , you have to get comfortable in giving decent open gains.
As simple as that.
Don’t bullshit your brain on every up & down tick.
Act as per your process.
Keep a distance while creating a Stance on markets, don't be over biased on anything.
Market usually surprise us.
So, neither be very bearish and feel like its doomsday, just take pause and analyse.
We are in Bear run from 1.5 years approx. , FII sold big in starting months leading to price correction and then we are seeing a Panic price correction now caused by uncertainties.
But now we are in later stages of Bear market historically. So, this price correction is bringing valuations in a sweet point.
Plus US markets may be taking a pause after such good Bull run.
On other side, just don't be bullish on every single candle, yes bottoms will happen like that but catching bottoms especially in such uncertain times is very tough because of associated gap downs.
So, process things , let stronger signals come and then press the accelerator if markets gets good as you will get ample time if good periods has to start. Also take of the pedal if things stay volatile.
But meanwhile keep doing your daily tasks, Don't compromise on that now.
Follow the markets and don't anticipate too much.
"Let others call it luck.
Let them chase their monthly performance metrics and optimise their risk budgets to the third decimal place.
We will take the lumpy path. The jagged one. The uncomfortable one.
Because we know the edge doesn’t live in the average.
It lives in the extreme.
We do not trade for the mean.
We trade for the outlier"
- @AussieTurtlesAU
Perfectly said. 💯
Most traders struggle not with finding setups, but with filtering them. Using a combination of sector strength, leaders, and fundamentals helps narrow down opportunities—this is the real edge. 🌟
My "Techno Funda process"
I have been a pure "Technical" Price action quality player for 2-3 years where did a lot of dives to understand in depth.
Worked on Situational Awareness , market cycles and much more.
Then when i realised , how Fundamentals can help me make my process so sturdy and strong , i started learning about it for 2-3 years in sync with technicals.
Now after years of work, i have build a system for myself where i am not a deep Fundamental guy but i use them to guage:
1. Value
2. Growth
3. Quality of Tailwinds.
In sync with momentum and price action quality , i lay down specifics further.
This is my process !!
You cannot just jump in start doing anything, to build something you have to put years in it.
Even though i can help by teaching it , cutting short your learning curve but at the end you have to put the work beyond a point to make it your own.
Thank you 🙏
It’s so funny to see people react that this was not a tough market.
Or you haven’t seen big falls.
Like that everyone might have not seen markets and may experience different things as you stay in markets.
But your resilience will be proven in 5-7 years 2-3 bull bear cycles , if you grow consistently to a good PF level.
Rest all is Moh maya and gyan.
Also as a trader you are always keeping a Stop loss which push you out quickly.
Also once you grow capital certain times over a period, you have to take the call. Otherwise doubt will always be there in life.
💯
Here I remember one of the quotes spoken by Oliver Kell. That most traders fail because they don't accept being vulnerable to their system.
A trend following system will make more money during a trending market but will underperform in choppy markets.
1/5
You will have your own process.
That process will work in certain period of times.
You have to adapt to both pros and cons of your style.
Don't get carried away after reading any one's tweet (Including mine), because everyone has there way.
Someone will be giving space and someone will be taking gains quickly, doesn't matter.
In longer run, your process shall make you good money, that is all matters. Not just few weeks to months volatility.
So, Evolve a process based on your personality and goals.
Work on mentality related go Money for peaceful trading career.
1. Scared to give back gains ?
2. Not able to see your position go into loss ?
3. And when your SL gets hit you are frustrated even though it was just a normal process thing.
I go through this quite a lot.
Overcome, this factor as soon as you can. You have to train yourself to not keep seeing your portfolio or positions just from Money perspective.
More calm and far away you are from daily gains , Intra gains and volatility , the better you will be.
All of this cause panic and wrong actions and make you take forced trades which was never your plan.
Exercise for all of us :
Write your plan for the new trading session before the market opens and then at EOD look back and write how did you execute. Personal accountability is important in initial days to train the mind.
Happy new year 🙏
Tracking markets and possible leaders with focus now.
Doesn’t mean the rally is starting but leaders are showing clear signals of strength.
So tracking so that I can be prepared if and when something positive happens.