We just recently backtested this strategy since 2014 till 2024.
Here are the results - MASSIVE 10% CAGR.
It does not even beat the index; heck it will struggle to beat even FD returns in real environment.
Indians are truly cursed. Imagine having to work everyday, long hours and nights, after studying your ass of as a student - and then being able to buy a car which even broke people in the west have
A little life update .
Bought my First Car today โจ
Cheers to all the long days at the office and the sleepless nights spent staring at balance-sheets. It all paid up in the end๐.
My tweet is *NOT* about her (Garima) at all. It doesn't say anything -- right, wrong, good, bad or ugly about her.
A few of you need to visit middle school again and improve english comprehension.
Let's discuss one particular set-up that provides low-risk entry, high reward and is quite logical at the same time.
I call this set-up "SB-U&IB".
Although my database contains many examples, I would restrict this write-up to 3 examples -
#Urja
,
#PAKKA
and
#Agstransact
, one of
A "No-Bullshit" thread โ๏ธ on how to become a profitable trader.
1. DON'T TRADE EVERYDAY :- if you want to make net money over long term, you should really re-think taking trades for the sake of it.
I only trade when I see odds in my favour. When there's no edge, I sit out.
1/n
The best place to buy a stock is not 52wk high.
Sorry, but you all have been lied to.
The best place in majority of cases is the price/location where the stock has digested its previous gains and is resting on 10/20/50DMA while signifying its willingness to continue the uptrend
I have not watched TV for months/years now. It's a waste of time - junk food for brain.
Heck, my room doesn't have TV connection either.
Just a monitor for trading/cricket which I can watch on Jio/Hotstar.
What about you?
Those who glamourize trading are either loss-making traders or trainers who wants to sell you a dream.
There's nothing glamourising about this profession. It's mentally demanding - more like a high-level sport - you can put efforts and still not make it.
What you don't need to know - triangles, rectangles, diamond patterns and indicators.
What you need to learn - Volatility contraction, Pivots, trend identification, understanding of multiple timeframes, position sizing and a bit of situational awareness.
Nithin Kamath has been talking about it for a while, now Dhan's CEO also reiterating the same - Brokerage on trades will increase and there will soon be brokerage on cash delivery trades.
Trading in Indian markets is already incredibly tough and STT (and soon high brokerage) +
Booking profits early is a criminal act
Even in good times, about 50% of your trades are anyway going to end up in loss
And in bad times, most of the trades will end up in stop losses.
So when you find winners, you have to make the best out of them - that is, squeeze even the
Those who lost money today because of glitch in Zerodha are crying on twitter instead of storming Zerodha's head office. This is why we were enslaved for so many years.
If you have any sanity left at this point and aren't a victim of any political ideology - you will accept that India is corrupt to the *core*
Hindenburg has merely exposed Adani and Sebi, but you would be surprised who all are even more corrupt.
When they increased STT their +
I take my scanning process very seriously. If I feel I wasn't at my best while doing scans, I may scan again.
There's a huge opportunity cost to missing top-tier set-ups: for example, if my risk per trade (RPT) is 10k per trade and average gain is 5R, a missed set-up means I
So the "retail protector" is herself the criminal. It so happens everytime that the one who is projecting him/herself to be holier than everyone turns out to be the real villian.
#SEBI
#Adani
India is possibly the only country where the administrators - the babus, the government and its officials, the opposition and its leaders, the autonomous institutions - ALL ARE CORRUPT TO THE CORE
What's more, they actively hate and are jealous of hard-working Indians. It can't+
There was a time - about 1 year ago - when 90% of fintwit's brains were corrupted by a guy with a virus knows as "1% Stop Loss" only.
People were made to believe that if there were not using 1% SL or using more than 1% SL than they are not good traders.
I was one of few+
It has been decades and India still haven't realised that their real enemy is "the west".
Indian government and citizens think Pakistan is their real enemy LOL .. they're just too insignificant.
High time India follows the way China tackles west, otherwise over.
Being a swing trader, I'm better off knowing that most profits for month would likely come in 2-5 days and in 2-5 months for year.
Rest of the days/months are just about managing risk and not slipping into huge drawdowns
Whenever I tried to actively make money, I was hit hard
The only way to make big money (with less risk) in stocks is to enter as if it's an intraday trade but hold it for weeks, possibly months if it starts working.
Brokers - suck
Margins - not allowed. Block cash as well for selling our own stocks from PF ๐คก
Liquidity - what's that?
Short selling - banned
Taxes - sky high + additional tax in form of STT
Welcome to Indian Financial Market.
@nsitharaman
@nsitharamanoffc
Bought
#Lloydsengg
@ 57.25
Hit 20% UC
This is the type of setup that I don't particularly plan to buy but sometimes their intraday PA induces me into buying them
Most people here will perform significantly better if they focused more on stocks they are trading and managed risk by position sizing and exposure; instead of looking at indices all the day drawing conclusions like it's a top, it's bottom blah blah
Jio has given me gains that can cover more than 12 SLs for me.
That's how you do it when you're playing with 25-40% success rate.
Now if I booked out
#JIOFin
earlier to cover my 4 consecutive SLs, would I have gotten this big a winner? No.
On good days, I make 1-3% on an average. Sometimes more, esp when I'm fully invested.
On days like today, when I have to lose I try to lose less
I'm down less than 1% today for example.
This - losing less on bad days and making more on good days - is the only holy grail
Double digit returns (~10%) month for me.
While 10% is nothing great, this 10% is particularly special for me because it came on back of .1-.25% risk per trade. My normal risk per trade is 1% of account.
So with such low size, a double digit return is amazing imo.
Expect +
If you're afraid of losing your open gains & booking your profits at random places owing to that, you are not going to make big in this game
You can convince yourself of otherwise, but that won't change the fact that you need to have a process in place to make it big in trading
Some of the guys here are so morally corrupt that they are asking people to take EMIs/loans, use credit cards to buy their course.
I don't like talking about it - and I have no issue with them making money out of mentorship etc.
But this is where I draw the line. This is evil!
Trading is NOT 90% psychology and 10% technical analysis.
You cannot make up for lack of skills by having great psychology
Whereas
You can still be a good trader by being exceptionally skilled and psychologically weak/not strong.
Think about it - 1) a random person +
If you're asking innocent people to buy your course on loan or EMIs, you deserve to rot in hell.
There is no excuse for such morally corrupt acts. You won't be able to justify them to God.
Anyone supporting it or remaining silent, is also a participant in this crime.
If you can't stand up for yourself, you don't get to complain when they take away your rights
Stand up and fight against the corrupt - now
#SackMadhabiBuch
and take legal action against her
If FinTwit can't make
#SackMadhabiBuch
trend for next few days, it must count its days
@aubrey_huff
People mentioning their age are forgetting that vaccines are primarily meant to protect them only, since young people were anyways not dying.
More than 15% up for this month. A bit of mistakes and early bookings in big movers like RVNL hampered some gains.
Thoughts and feelings:- relatively easy month for stock traders. There was something for everyone esp traders with some skills. Some mild regret because months+
I have learnt in last 2 years that to make good money you should *always* be willing to lose some money
If you are not willing to lose *some* money, you will invariably lose out on making *big* money
i.e., opportunity cost to being unwilling to lose money is losing more money
Once you understand price action in its true sense, you stop drawing these ugly lines and channels unnecessarily.
You prefer clean charts over ugly ones and let your trades work without much interference or trying to become TA God.
Some "big" handles here keep being bullish even when market is breaking down like crazy. They'll talk about India being a decadal story, some random data & ofc RSI divergences.
When I was barely 2-3 months into market, I didn't know shit. I thought these guys have a lot of +
After a good bull run, this is probably a good time to take a step back. It doesn't mean you go to "all cash" cold turkey, but you get cautious
As scans tell me, there's significant decrease in number of trade-able set-ups, accompanied by many pivot and handle failures.
you don't need to buy a new stock every day. just because a plethora of "set-ups" are being posted every day by "big handles" doesn't mean they're trade-worthy - even if they are doesn't imply you should buy them.
"does this set-up deserve to be in 25 trades I'm going to take +
This is our house help Meenaโs portfolio. We had given her last yearโs Diwali bonus in the form of stocks (instead of cash, clothes, sweets which most people usually do).
The portfolio is up by 60% in a year and her 10,000 have turned into 16,000.
This is the power of microcap
A pullback after a rise/big up-move is what you ideally want to trade - not a pullback after a breakdown (even breakdown on daily tf)
I see a lot of charts being given 5-7 stars which are breakdowns and coming to retest that breakdown - that's*NOT* VCP
Understand the difference
Yesterday was really weird as both Nifty and Mid/smallcap indices made progress but majority of holding pulled back and most of the breakouts either failed or squated/didn't progress.
This could be a sign of smart distribution unless I'm reading too much into it
Ps: I wasn't+
The reason the government loots the middle class so cruelly is because if they take any decision that irks people of any caste, religion or region - they know those people will protest, burn public properties, cars, railway tracks and more. The Indian middle class doesnt do that+
Trading View is a for-profit company, not a charitable entity
If they take any step that will increase their revenue, it's completely justified.
Stop doing drama around it ffs
Now you cannot buy the same stock you sold on a given day.
So if a stock hits your stop - just a shakeout, you can't re-enter.
Welcome to Endia - the epitome of mediocrity
Aditya Trivedi and Aditya Todmal have also started their "premium channel/mentorship program"
My belief that most of these "big" traders aren't making net money through markets is getting more validation.
On this note, Can trading be taught?
If you wanted to trade
#InoxWind
you should have bought it 2 sessions ago or 5 sessions ago - not today.
Your returns will increase significantly once you understand the significance of this post.
What takes your returns from ordinary to extraordinary is your ability to convert intraday entries into swing trades while not sacrificing significantly on batting average front.
It's simple not easy though:- you choose a set-up on daily/weekly timeframe. But instead of taking+
People on top donโt fight, they generally laugh at people who are fighting. Be it business or politics or bollywood or influencers.
This is how it works. This is how they keep you โbusyโ
If you're not holding Olectra or selling it here out of fear of losing gains, you are not going to make generational wealth.
You CANNOT build generational wealth with 9-5 jobs or FnO trading.
Holding stocks like Olectra is the only way. I don't make these rules, just preach
At this point, they should mandate reservations 100% for SC, ST and OBCs
At least, poor GC people won't have hopes and look out for something else rather than wasting time trying for goverment jobs, most of them already being peasant tier
If you are an honest person, you would ideally not want too many young adults of your nation to be involved in something like trading.
You have to be (borderline) morally corrupt to drag people (who could otherwise be doing valuable work) into trading which doesn't (directly)
Instead of looking for set-ups in a picturised way, try to find stocks that have the probability to go higher and enter them using shorter timeframes.
Prefer stocks with clean PA, buying pivots, those belonging to sunrise sectors and sectors having tailwinds (metal, defence).
Three commonly-agreed beliefs I disagree with -
1) Start with cash market - it's easy & you will not blow up. Then you can move to FnO
2) Indian market is easier than US market bcs it's immature
3) You can learn everything abt trading from YouTube
Here's why these aren't true
After scanning more than 2105 stocks yesterday I have found 3 set-ups that can give you 5-10 times returns (for the risk).
Want to share them since I'm up 4%+ today and in good mood
Retweet this to get 3 set-ups in DM
Probability of success - 30-60%
Expected gains - 5 to 12R
You cannot make unconventional returns while sticking rigidly to conventional books and advices.
Grow beyond them, destroy the average. Become the GOAT in the game.
This strategy is giving me CAGR of 372% but has a max DD of 59%
STT, Txn charges, Slippage etc - all included
Shall I run this strategy? If yes, then with what % of my portfolio?
At my age, if market opens all 7 days a week I would still trade everyday.
When market itself is both your work and hobby, it's hard to keep yourself out... 2 days feels like forever.
And I don't want to change it, to be honest.
@Kavitastocks
@itsmerajarshita
Hi Kavita.
Is there any evidence that they are specifically picking female handles?
I follow one of those handles and I haven't seen them being partial against women.
A stock may show relative strength, it may be at 52wk high
But only when it *resists* supply of the left side, I become interested in the said stock
It's only when supply stops coming, a big - secular and linear - move is possible.. rest all these terms thrown around are poetry
They have no interest in saving retailers - that's just a farce
They don't want you to make money. Period.
Now it's upto you - whether you take their decisions meekly or fight against them.
If you have made less than 30% in last 5-6 months as a stock trader, you need to re-think your strategy.
We are supposed to beat the indices; as stocks shoot up (and down ftm) in multiples.
Stock market is the only place where even IIT (Alok ji), IIM and CA guys have to resort to doing some sort of frauds to make money.
One can gauge from this as to how tough it is to make money from market itself.