📈 The FREE TraderLion 2023 Model Book is here.
Train your eyes with 30+ marked-up charts of the biggest winners from 2023.
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Ram @FinTaxCoach has done a tremendous work in summarising one of the best books for Traders, this 7 points mentioned by Ram is the life changing triggers not only for new traders but also for experienced traders. I’m planning to have a space session with him to explain more about this points, my personal request to friends to read these below tweets and apply in your trading: 🧵
Thank you @VijayThk for hosting @piyushchaudhry Amazing experience and journey of a humble man.... Eyes are speaking the truth
One quote will be rembered forever
" Trader banne ke liye trading system ki jarurat hoti hai par Trader rehne ke liye emotional discipline ki" 👌🏻👏🏻
23 Oct 2022 A day every Indian and Viratian would never forget..... Unbelievable unforgettable incredible innings.... An inning to be remembered till the last breath..... Love you @imVkohli 🇮🇳❣️🫶🏻
Trading Mindset Cheat Sheet
To be a profitable trader you need three things:
1. A trading system with an edge.
2. Proper position sizing per trade.
3. The right trading mindset.
If you don’t have the right mindset for trading then the other two will not work.
Here is a trader cheat sheet of the principles you must understand to create the right mindset in trading. A trading cheat sheet for the psychology of profitability.
•A new trader must understand that trading is not a get rich quick scheme, it is a professional endeavor that requires learning how to create quantified trading systems that have an edge over other participants.
•Professional trading is not gambling it is like running a business. Profitable trading is more like operating a casino than emotional gambling if done correctly. Think like a business manager not an emotional gambler.
•Successful traders have an edge in trading systems and signals not predicting and having strong opinions. Traders don’t know the future, they know what has the best odds of working in the present. Traders should have a flexible opinion about price action.
•Great traders have losing trades, profitability doesn’t come from perfection it comes from creating good risk/reward ratios at entry. Losing trades must be accepted as just part of doing business.
•To keep a stable mindset, position sizing should be kept consistent and at a size that doesn’t cause excessive stress, emotions to become too loud, or ego engagement where you want to be right.
•A trader must have faith in their trading system. This comes through research and backtesting into a method that has a positive expectancy and fits their belief system.
•A trader must have faith in their self to execute their system with discipline. This comes with time and success in execution. A trader must trust their self to not let impulses cause bad decisions.
•Traders must have the mindset of discipline to follow their trading plan’s rules and believe that a good trade is one that followed their system regardless of results.
•A trader must have the perseverance to trade their system through losing streaks and drawdowns understanding that it is just part of the process.
•Trading results must be kept separate from a traders self worth. A trader can’t control market outcomes, they can only control their own actions.
•A positive mindset must be maintained to avoid a negative emotional spiral. Focus on the positives on every trade, like you kept losses small or followed your process with discipline.
•Don’t become euphoric with big wins or depressed during losses or drawdowns, keep your emotional equilibrium after each trading outcome. Stay off tilt in either direction. Each trade is just one of the next one hundred, divide you emotional reaction between them.
I went through every single tweet Mark Minervini made since 2010, over 10,000 tweets.🐦
I found over 900 trade setups he posted, and made a model book of those trades.📈
If you'd like to have the model book, FOR FREE, click the link below.🏆
https://t.co/pLqfVl4mmR
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Breakout & Momentum scanners!📊
Here, are the most useful Breakout Trading scanners you can use to filter out handle full of stocks out of Nifty 500 Counters!👇
A thread 🧵👇
#trading#stocks#investing
Shortlisting stocks is a tedious task.
Here are the 10 most Powerful Positional Setups with Screeners that is available for FREE: 🧵
Collaborated with @AdityaTodmal
Here is the scan for the Simple Swing E0 entry.
This scans for stocks where price has closed above a red ribbon.
Keep in mind that every E0 candle does not lead to a consistent upswing, but every consistent upswing begins with an E0 candle.
https://t.co/098V9ZQgtY
Stock Selection Criteria :
Stocks near 52 week High
Stocks near All time High
Stocks staying above 21 ema
Stocks where the Relative Strength Line is making new Highs
Stocks that are giving Volume Burst
Screener 1 : 4 year High Breakout Stocks https://t.co/Hsp5t0WObj
8/n
1/ Breakout Strategy:
This intraday startegy involves finding stocks that has broken out of the territory in which they usually trade.
• 15-minute stock breakouts —(Intraday)
https://t.co/oVXuW2bpPN
Top 25 Microsoft Excel tips & functions to learn ASAP that will change your life forever & put you in the top 1%
📊25 powerful ways to make you an expert & increase your productivity. Don't ever use Excel again without knowing these 25 tips & functions:
What exactly is Trading Psychology?
Its simply an approach by means of which a trader is able to make most logical decisions and act precisely upon it. There is nothing else to it
How to build it?
It varies from one trader to another. I will exemplify one of my friend here
1/7