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ProdigalTrader

@ProdigalTrader

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Strategic Acquisitive Trader 🐿 Not a Fraud Neither a Saint ♻️ #Prodigals_Private_Pride 🌹 Did Not Even See SEBI 😉 Pleasure, Peace, & Profit (For Myself) 🪙

Joined June 2010
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Pinned Tweet
@ProdigalTrader
ProdigalTrader
5 years
all the useful ( which i think are useful) threads are compiled in one tweet. its meant to get all the useful infos in one place pls chk the comments below
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@ProdigalTrader
ProdigalTrader
4 years
If u are looking to enter a scrip just before the breakout what would u look for? How would u identify scrips just before breakout? Here are a few pointers Carefully understand the them and use at ur own discretion (All comments r compiled from a question i posed) 1/23
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@ProdigalTrader
ProdigalTrader
4 years
Created a private channel in Telegram Where i would post worthy contents to the deserved followers who shows good manners and thurst to learn. Will send channel link to selected few people from new year onwards Its a free channel, only restriction is to avoid thankless guys
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@ProdigalTrader
ProdigalTrader
4 years
i will disclose a method by which u can get good scrips near to bottom of a correction Its based on Elliott wave concepts basic coding skills enough create a scanner potential quick gain scrips can be filtered here Will post it when the tweet hit 300 (<1% of followers) RT
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@ProdigalTrader
ProdigalTrader
5 years
if ur capital is 10 Lakhs, u make a profit of just 2% everyday, Do u know, how much money u would be having after an year (250 trading days) ??? 14 CRORES !!!!!!!!! now, relate it with twitter heros
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@ProdigalTrader
ProdigalTrader
4 months
Chartink Scanner Alert Check the following list if they are trading in very tight range. If i get at least 2% of my followers 'Like' and 'Repost' this tweet, i will share the scanner here in twitter for everyone's use. 😉
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@ProdigalTrader
ProdigalTrader
4 years
if u risk only 1% of capital, it will take 69 continuous losing trades to lose half ur capital if u win continuously with 1% gain each time, it will take 69 trades to double ur capital #riskmanagement using #positionsizing alone will fetch success in #trading in #StockMarket
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@ProdigalTrader
ProdigalTrader
4 years
Derivative data analysis is a long kept secret & those who r master at it, rarely talks abt it. Its a leading indicator to major price move if u r capable of interpreting the data strcture & anomalies in it OI interpretation of Put/Call option w.r.t. IV & PCR of options
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@ProdigalTrader
ProdigalTrader
4 years
i will post 5 sensible methods for stock slection for swing trading tonight trick is to find a trending scrip and catch it while it still persists they are simple methods, not "advanced" ones those who are interested may RT the tweet
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@ProdigalTrader
ProdigalTrader
3 years
Swing trading set ups 1. Pin bar at 200EMA in daily TF 2. Stocks riding through upper Bollinger Band in daily TF 3. Hidden bullish divergence 4. Price at horizontal channel bottom 5. Anchor vwap support from past major swing low 6. Price retesting previous ATH after breakout
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@ProdigalTrader
ProdigalTrader
4 years
I will open a Paid Telegram Channel towards this month end. Contents: -Charts with complete price, volume explanation -Strategies and scanners -deatailed write ups on important subjects -No trading calls Fee: RS 400/month Further details later
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@ProdigalTrader
ProdigalTrader
3 years
How to recognise the strong sector? Widely practised method is that to check the relative strength against the market. Here is the performance of each sector since nifty started falling. We can fairly accurately conclude that, we must look at PSUBANKS, METALS, AUTO 1/11
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@ProdigalTrader
ProdigalTrader
3 years
I came into market with 20,000/- capital. I was thinking to double it one 1 or 2 weeks. But after 2-3 trades, entire focus shifted to not losing the remaining capital !!! I started buying 1 or 2 shares to keep lose minimum. Essentially this what made me to survive in market
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@ProdigalTrader
ProdigalTrader
4 years
Trading retest of a Break Out is a common concept & widely looked as so simple Bt, in reality, its so tough Knowing the mechanism behind it would help to trade those better Kindly retweet as a gesture of appreciation (honestly, not aiming it as publicity stunt)
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@ProdigalTrader
ProdigalTrader
4 years
Do u know, if u make just 6% profit on ur capital monthly u can double ur capital in one year, (assuming u know compounding)
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@ProdigalTrader
ProdigalTrader
3 years
How to desogn a trading system??? Ur trading system should contain 2 parts 1. Define context 2. Entry exit set up and rules Let's see them in detail 1/16
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@ProdigalTrader
ProdigalTrader
4 months
I have promised to share a scanner for finding the tight price move Here is the link Repost it for maximum reach so that most of the needy guys get to know it
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@ProdigalTrader
ProdigalTrader
4 years
Today wrote a small write up on "Multi Time Frame Analysis Using Ichimoku & How to Design a Trading Plan Based on that" RT & Download the article from the abv link
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@ProdigalTrader
ProdigalTrader
4 years
Banknifty - looks like an explosive upmov is around soon
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@ProdigalTrader
ProdigalTrader
10 months
94 Chartink scanners i prepared last year 2023 Along with the conditions for each scanner Access is restricted; Like and Repost Happy New Year 2024 to all
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@ProdigalTrader
ProdigalTrader
10 months
Is there any audience for Current Sector Analysis in NSE universe Best Sectors for next few months Breadth based on sector analysis How to see Sector Rotation in either direction I will write a detailed thread on it if at least 1% of my follower base "Like" this tweet
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@ProdigalTrader
ProdigalTrader
4 years
ITC There is only one stock which is discussed more than nifty, banknifty or reliance No other scrip has ever devided the trading commnunity into two as much as ITC did Looks very bullish #PriceActionLanguage
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@ProdigalTrader
ProdigalTrader
4 years
Timeframe (Trend analysis/Trade execution combo) & #trading style Scalping/day trade 15min/3min Swing (1-2days) 75min/15min Swing (1-2 weeks) Daily/75min Short term (1-2 months) weekly/daily Medium term (0.5-2 years) monthly/weekly Long term (>2 yrs) Quarterly/monthly
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@ProdigalTrader
ProdigalTrader
4 years
I have promised to share a write on the method to short list stocks for day trading you can find the article here Password: @prodigal_trader Please ReTweet maximum. So that the query for this method will be settled once and for all
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@ProdigalTrader
ProdigalTrader
4 years
How to trade with least Risk?? Price move in market is always controlled by either of the following mechanism 1. Momentum - Trend 2. Reversion to mean – Counter Trend See this picture for clarity 1/22
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@ProdigalTrader
ProdigalTrader
4 years
there are 3 types of buying 1. buy breakout 2. buy at support 3. buy retest after a breakout which one is better? whats the reason behind that?
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@ProdigalTrader
ProdigalTrader
10 months
Chartink scanner for following conditions made upon requests 1. Stocks about to make Multiyear Breakout 2. Consolidating after 100% move in 8 weeks Access is restricted; Like and Repost
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@ProdigalTrader
ProdigalTrader
4 years
15min TF- king in lower time frames 15 min is the TF which rules the day trading Patterns rarely fails in this TF One doesn't necessarily need to trade this TF Bt he must align his trades with 15min TF trend Use a combo of 15min (trend) & 3min(trade) #trading #StockMarket
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@ProdigalTrader
ProdigalTrader
4 years
Price Structure = Trend Volume/OI build up = Force behind the trend Volatility = Stability of the trend Momentum = Strength & Continuity of the trend Find/create tools to measure these objectively You might end up very close to being consistant in success #trading #StockMarket
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@ProdigalTrader
ProdigalTrader
4 years
#OptionChainAnalysis confuse many people Its quite simple actually Example, If OI increased in ATM or nearOTM CE, Chk when OI added, if premium was low & it increased while OI addition. strong hands may b on buy side, low Premium may not attract writing Expect strong uptrend
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@ProdigalTrader
ProdigalTrader
4 years
Moving Average is the fair price (FP) of that stock A 20 period MA, gives short term FP, 50 for medium term & 200 for long term. Abv MA, its overvalued Below, undervalued Buying close to MA means u bought at fair price That belief is the reason y MA acts as support. #trading
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@ProdigalTrader
ProdigalTrader
3 years
If ur profit in a trade is 2.5 Lakh, u will have to risk 1 Lakh or above. There is no glamorous way of losing just 1000/- when u are wrong and magically make multiple lakhs when u are right. Bigger profit is the product of higher risk, not the miracle from strategy !!
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@ProdigalTrader
ProdigalTrader
3 years
These are the Twitter Threads I Wrote in Last One Year. Titles are Given in the Images; 31 of them. I Made it Available as a Single File Containing All the links in One Place. Those Who Want it "Like", "Comment" & "Retweet" & Send the Images to prodigaltrader.in @gmail .com
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@ProdigalTrader
ProdigalTrader
4 years
For an absolute beginner, what r the tools to start charting? Candle stick chart - to guage Price Bollinger band - to guage Volatility SMA 20, 50 & 200 - Short, Sedium & Long term Trend MACD - Measure Momentum ADX - Trend Strength Dont listen to who preach dont use indicators
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@ProdigalTrader
ProdigalTrader
4 years
I will post a list of 10 scrips which are in major wave 3 as per elliott wave strcture bt, at present consolidating in a small range without loosing its trend strength Those can be considered for analysing with an investment perspective RT if its interests u or benefits u
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@ProdigalTrader
ProdigalTrader
4 years
#Candlesticks tells u what price is doing at key points #Volume tells u how much force is there behind Price #RSI tells u how much capable Price & Volume are in enforcing what its trying to do & #BollingerBand tells u how volatility varies when all these are happening
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@ProdigalTrader
ProdigalTrader
4 years
Scanner which sort out the most bullish scrips in all time frames MACD>0 in monthly, weekly and daily TF This scanner will help u to find scrips while trending market when scrips are breaking out while bear market to filter strong ones RT if useful
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@ProdigalTrader
ProdigalTrader
4 years
I don't take delivery trades Hence don't trade equity Rarely posts such charts But, I track strong scrips & track their charts as well Do u want me to post equity charts?
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@ProdigalTrader
ProdigalTrader
4 years
designing a #tradingsystem , Price- Bar/Candlestick/Heike Ashi Supply Demand - Volume, Vwap, Volume Weighed MA Momentum - Rsi/Macd/Stoch Volatility - Bollinger Band/Keltner Band/ATR Support/Resistance - Swing Pivots, MA, HVN, DP, Weekly/Monthly HLC Use one from each category
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@ProdigalTrader
ProdigalTrader
4 years
When the trend reversal happens, it's starts from the lowest time frame & then it traverses upward to next higher time frame A new trend in 5min TF, would last 1-2 hrs & If that trend happens to progress to 15min TF, trend would last the whole day
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@ProdigalTrader
ProdigalTrader
11 months
Here is a scanner for Episodic Pivot. Its slightly different from the general ones available in google as i made it to remove all the unnecessary noises Like & retweet as access is restricted to those who do that
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@ProdigalTrader
ProdigalTrader
4 years
Six Potential Day trading Scanners 1 Price at 200 MA/EMA 2 Inside bar near major supply/Demand zone 3 Volatility compression patterns such as NR4, NR7 etc 4 Scrips trading at 52 weeks highs/lows 5 Scrips which have high OI build up recently 6 Top Price gainers/losers last week
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@ProdigalTrader
ProdigalTrader
4 years
Ichimoku as a trading system is designed to catch a trending move One logical way of doing it is find a scrip which is bullish in monthly and weekly TF, then wait for a pullback to daily cloud support, upon reversal from there, it's a high probability long trade
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@ProdigalTrader
ProdigalTrader
9 months
Ranking based on Trend strength Long term trend ranking for Medium term trading (realty, energy, PSE) Short term trend ranking for Swing Trading (fertiliser, railways) Access Restricted; Like and Repost LImit ur trading into this universe
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@ProdigalTrader
ProdigalTrader
4 years
When I start my YouTube Channel It will be completely different from aal the other YT channels My Channel will only have Basic & foundationary Stuffs !!! Useful only for newbies/struggling traders Unlike most of the existing ones with “Advanced” or “High Profile” contents !!!
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@ProdigalTrader
ProdigalTrader
10 months
Here is a chartink scanner for finding the stocks which resisted the market's mighty fall on last wednesday, rather was on accumulation for further upmove Access is restricted, Like and Retweet
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@ProdigalTrader
ProdigalTrader
4 years
When u start following a simple Startegy religiously, u will b a break even trader from a loser. When u add risk management & scaling in into it, u become consistently profitable. When u start compounding with methodical position sizing, u r on the way to becomes a great trader
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@ProdigalTrader
ProdigalTrader
4 years
Year 2021 I will open a new Telegram/YouTube/Website, (paid ofcourse) to offer high-quality unique trading related info I will start "ProdigalTrader Academy of Trading" to offer Quality Education
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@ProdigalTrader
ProdigalTrader
4 years
How to interpret #OpenInterest in #futures ? If OI is rising, whereever the price is going to, thats the major trend, Trade it If OI is falling, no matter where price goes to, it isnt the trend, its Liquidation, Dont trade it #priceaction correlation with #OI is quite simple
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@ProdigalTrader
ProdigalTrader
4 years
My biggest misunderstanding about market was whenever there is a bullish bar, the volume shows is buyers volume Only much later, I came to know that buyers and sellers r always equal and volume analysis has completely different perspective What's ur biggest misunderstanding??
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@ProdigalTrader
ProdigalTrader
4 years
There are 4 types of harmonic patterns out there based on the retracement leg ABCD A comprehensive cheat sheet for every pattern in each leg is very desirable for a budding trader who is new into harmonics Pls ReTweet as appreciation if the info is worthy of doing it
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@ProdigalTrader
ProdigalTrader
4 years
If ur capital is less, Like 1-2 lakhs or even lesser, unless u r looking for riding big winner trades till day end, best way is to scalp the high momentum movers so that u can free ur capital fairly faster to look for another quick oppprtunity
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@ProdigalTrader
ProdigalTrader
4 years
Option Chain analysis confuse many people Its quite simple actually For example, If OI increased in ATM or nearOTM CE, Chk when OI added, if premium was low & it increased while OI addition. Smart money buy in that case, They wont write if premium is less Expect strong uptrend
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@ProdigalTrader
ProdigalTrader
4 years
What is the one book which completely changed ur trading process and the approach towards it? Mine is "A Complete Guide to Volume Price Analysis" by Anna Couling What's urs?
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@ProdigalTrader
ProdigalTrader
4 years
I will start a Telegram channel on Sunday Name: ProdigalTrader Link: I will post a write up on 10 set ups I use to shortlist stocks to prepare my final daily watchlist NB: whatever I post here, will post in Telegram. Nothing more nothing less
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@ProdigalTrader
ProdigalTrader
4 years
How to design ur own trading system? itz not just entry exit rules A whole trading system ivolves lots of things i will post a comprehensive yet brief ouline tonight RT >200 to make it happen
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@ProdigalTrader
ProdigalTrader
4 years
Stock selection methods for swing these r based on picking a trending scrip to trade in which case mometum is supposed to be very high that it would sustain atleast till we plan to complete the trade (2-5 days) RT if the content is worthy enough to spread across thanks
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@ProdigalTrader
ProdigalTrader
4 years
Breakout may b the most desirable technical terminology among fintwits Here is a free scanner to filter quality breakouts based on least resistance ahead, strong demand and good breakout bar momentum pls RT if its useful
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@ProdigalTrader
ProdigalTrader
3 months
I have posted about a chartink scanner to pick quality breakouts. The results will disappear if the BO bar which is being formed failed to close near the top. If anyone want to avoid that, disable the first line and activate the second line
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@ProdigalTrader
ProdigalTrader
4 years
How would u obejectively determine 'Bullish Stocks" in case if u want to create a mechanical scanner for that here are 15 directives for that 1st time making ATH after 6-12 months consolidation 1/8
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@ProdigalTrader
ProdigalTrader
4 years
Nifty_F1 This is how price action should be read. U need to take the context into account first before drawing conclusions. All the points leads to a strong uptrend from here
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@ProdigalTrader
ProdigalTrader
2 months
If at all anyone interested, i will share the priority watchlist i prepared one next 2-3 weeks in excel format here. Sector strength Good last quarter Good on chart Non penny and liquid
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@ProdigalTrader
ProdigalTrader
4 years
Siemens Petronet Marico very strong brkout in price and volume Might make further upmove another noteworthy scrip is Bharat forge
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@ProdigalTrader
ProdigalTrader
3 years
If u choose to b a breakout trader b ready to trade with wide SL. If u choose to b a pullback trader b ready to hit ur SL too often. If u are a breakout retest trader b ready to watch many breakouts go up without retest. Everything have own consequences B ready to live with it
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@ProdigalTrader
ProdigalTrader
4 years
Unfollow all MTM tweeters Thanks/compliment Retweeters Hype creators Prediction experts Abusive handles Handles doesn't update failures U will find <50 handles worthy 2 follow Bt, timeline wil b clean No negativity at all Ur learning/trading wil improve drastically Am doing it
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@ProdigalTrader
ProdigalTrader
4 years
Leading indicators in #StockMarket Market breadth Derivative data Vix Volume Best Live indicator Market profile - #trading auction People worshipping "price is ultimate" fails 2 appreacite that smart money takes position b4 actual move happens which rarely refelct on price
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@ProdigalTrader
ProdigalTrader
2 months
Most simple way of finding hot sector is to look at ASM list and check from which sector max stocks fill in it 😉
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@ProdigalTrader
ProdigalTrader
4 years
I wrote my entry/exit rules - removed all subjectivity I coded and backtested them - built trust and conviction on my trading Now I know there r minimum 3 excellent signals I get everyday. Removed all my insecurity abt uncertainty of finding a new trade
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@ProdigalTrader
ProdigalTrader
4 years
When u c some handles which literally posts nothing useful 2 anyone hav huge followers, its strange But its even stranger, when u c many worthy handles remain unpopular despite putting their best efforts in educating the herd People fails 2 find value usually follow honey traps
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@ProdigalTrader
ProdigalTrader
3 years
Choose a single instrument to follow every day; #Nifty , #banknifty or any other high volume stock. Watch its chart everyday and prepare trade plan daily with it. Within 4-6 months, u will develop far better insights in trading beyond the best text books available out there
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@ProdigalTrader
ProdigalTrader
4 years
Elliott wave analysis is the most elusive topic among novice traders. Its deemed as very tough to learn & many traders fall pray to trap lured by fake trainers Nick Radge already solved by giving out most comprihensive presentation in it RT & download
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@ProdigalTrader
ProdigalTrader
6 years
Open interest interpretation of Put/Call option w.r.t. IV and PCR of options. it can be a bible to those who can think over and conceptualize it @PAVLeader @bluechips4u @bluechips4u @indian_stockss @thedumbtrader @Neha_trade @RajarshitaS @sanstocktrader
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@ProdigalTrader
ProdigalTrader
3 years
Wife: I never seen a lazy guy like u. U don't move even a finger Me: Showed my trading performance for last few weeks with a smile on my face Wife: Oh, I already read, trading success needs the ability to do nothing & just wait U r the best guy to do nothing No surprise 🤣🤣🤣
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@ProdigalTrader
ProdigalTrader
4 years
If u know moving average cross over & donot know mean reversion u potentially have a wonderful recipe to wipe out ur capital
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@ProdigalTrader
ProdigalTrader
11 months
Episodic Pivot !! List of stocks with tremendous gap up out of nowhere and had at least made 50% return post that. Symbol name Date of EP Days post EP Max return post EP As usual access is restricted to those who like & retweet.
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@ProdigalTrader
ProdigalTrader
4 years
Since this March, I have made so much of useful contents here at very high frequency The reason I was enjoying sort of bacheloresque life in this lock dn times That's commin to an end now Will look after myself more than anythin from next month onwards Hope traders benefitted
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@ProdigalTrader
ProdigalTrader
4 years
I am anouncing a private Telegram channel to share educational contents Confluence - ProdigalTrader Fee: Rs 400 for 30 days All details are given in the picture below Those who are interested may either DM here or mail to prodigaltrader.in @gmail .com (will reply in 24 hrs)
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@ProdigalTrader
ProdigalTrader
4 years
On Breakout, "Too far away, wait for pullback" While pullback, "Too bearish, wait for reversal" After reversal bar, "Not enough volume, Wait" After Volume surge, "Will Long on close abv last bar" Now, closed abv last bar, "Aaaahh !! Too far away Wait for a pullback"
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@ProdigalTrader
ProdigalTrader
4 years
A high proabability Head & Shoulders v/s An Amateur Pattern patterns are mere consolidations after a trending move. it can assume any shape, few of which we hav named & studied. But mere shape, doesnt mean anything, integrating demand & supply into makes it a strong one
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@ProdigalTrader
ProdigalTrader
1 year
Dried up volume along with tight price action is hottest strategy since last many months in social media. Here is a basic scanner for that purpose. (Prepared on request) Retweet will maximise the reach. Do the needful as u wish
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@ProdigalTrader
ProdigalTrader
4 months
Congrats India Rohit lead to WC and Kohli man of the final A great tale Here is a list of stocks which are both tight and under volatility contraction I have posted a detailed thread on it today. Do chk it out, if u havent already
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@ProdigalTrader
ProdigalTrader
5 years
Correlation of a complex Wyckoff accumulation schematic with a rather simple Dow theory @PAVLeader @RajarshitaS @sanstocktrader wyckoff schematic general figure is available in net. It was taken and added the abv interpretations. pls RT if contents are worthy of doing so
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@ProdigalTrader
ProdigalTrader
3 years
Moving Average is the fair price (FP) of that stock A 20 period MA, gives short term FP, 50 for medium term & 200 for long term. Abv MA, its overvalued Below, undervalued Buying close to MA means u bought at fair price That belief is the reason y MA acts as support. #trading
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@ProdigalTrader
ProdigalTrader
4 years
A HandBook on @ProdigalTrader 's Pinned Tweets A compilation of all the useful tweets i have wrote in the past 2 years Compiled by @Swapniltrader Download and study the topics discussed in it
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@ProdigalTrader
ProdigalTrader
2 years
I made a scanner for stocks which had vertical rally of >30% in <10 days in last 8 weeks. Applied few primary filters to ensure liquidity, removed penny stocks & avoided if trend is bearish 45 Stocks remained In that 31 of them had same chart set up before the rally begun !!!!
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@ProdigalTrader
ProdigalTrader
3 years
Until u show urself as profitable trader, ur relatives wont spare u from counselling off the "gambling" nature of stock market. The moment they know u are prfitable, they wont spare u from asking stock recommendation and managing their money. Torture is a surety either way 😂😂
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@ProdigalTrader
ProdigalTrader
4 years
honestly, in this country i found only one channel in YT with genuine advanced contents that belongs to @ST_PYI The reason its advanced is he insists on basics and the clarity he provides on it is second to none
@ProdigalTrader
ProdigalTrader
4 years
When I start my YouTube Channel It will be completely different from aal the other YT channels My Channel will only have Basic & foundationary Stuffs !!! Useful only for newbies/struggling traders Unlike most of the existing ones with “Advanced” or “High Profile” contents !!!
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@ProdigalTrader
ProdigalTrader
3 years
Top 10 Stocks with high and increasing relative strength in NSE universe. These stocks have the best chacne to give a good up move if they give a breakout here
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@ProdigalTrader
ProdigalTrader
4 years
2 kinds of stocks which we can look for going long 1. Stocks near to 52 Week High 2. Stocks recently comin up from 52 week Low Both needs different approaches as well Mark Minervini style suits Type 1 While Wyckoff/StanWinstein style suits Type 2 If u mix them, u r in mess
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@ProdigalTrader
ProdigalTrader
4 years
Price correlation with volume & volatility is a one of my favourite tool in analysing the trend & the variation in it. Now, how high is high volume? How much is high volatility? make ur own tools, standard/default indicators arent much useful here
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@ProdigalTrader
ProdigalTrader
4 years
How i prepare a watchlist? seems like a matter of big importance I will make a write up and post it here for the followers tonight
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@ProdigalTrader
ProdigalTrader
5 years
2min TF - trend lasts for 15-20min - scalp in first hr 5min TF - trend lasts for 1-2hr - day trade 15min TF - trend lasts whole day - day trade typically squire off @3 .30 75min TF - trend lasts for 2-5 days - swing trade Daily TF - trend lasts for 15-20 days - short term trade
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@ProdigalTrader
ProdigalTrader
4 years
ur portfolio worth 1 Lakh at the time of investment U being a beginner, looking for a paltry 1% increase every day for the next 1 year Here comes the reality Final amount = 12, 03,215.50/- 12 Lakh 3 thousand 2 hundred and 15 rupees, 50 paisa !!!!!!!!!!!!! 1100% return !!!!!!!
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@ProdigalTrader
ProdigalTrader
4 years
#AstraMicro Excellent price volume correlation #PriceActionLanguage
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@ProdigalTrader
ProdigalTrader
4 years
Ur trading decisions will improve If u Meditate/exercise Take bath Read Ur holy book & Had a healthy conversation with parents, wife & kids All in the morning Keep Ur environment positive Ur mindset will b positive then Ignite clarity in thinking That's great start to the day
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@ProdigalTrader
ProdigalTrader
4 years
As Promised A write Up on 10 Price Action Setups & its Afl scanner Posted in Telegram Channel ProdigalTrader link:
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@ProdigalTrader
ProdigalTrader
4 years
Elliott wave theory says price moves in 5 waves up and 3 waves down Let’s concentrate on the 5 wave up move part. Here wave 1 is analogous to the first higher high after deeper correction. Here trend reversal sets in. 1/7
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@ProdigalTrader
ProdigalTrader
4 years
i will disclose a method by which u can get good scrips near to bottom of a correction Its based on Elliott wave concepts basic coding skills enough create a scanner potential quick gain scrips can be filtered here Will post it when the tweet hit 300 (<1% of followers) RT
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@ProdigalTrader
ProdigalTrader
4 years
Consider Price as a Car Then Volume is the driver & momentum is how well u r maintaining it When u try to buy a scrip essentially, u r the passenger in it U dont own the car not even u drive it Choose a good car with good driver Dont assume urself as the driver @ProdigalTrader
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@ProdigalTrader
ProdigalTrader
4 years
How to choose time frame ? 375 minutes in a trading day Any number which devide 375 into a whole number, can be chosen as TF 3,5,15,75,125 all devide 375 into whole number & hence can be chosen as Ur TF If u choose hourly TF, 375/60 isn't whole number 4hr TF too Avoid them
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@ProdigalTrader
ProdigalTrader
3 years
If u want to join 5am club, u first need to join 7am club, 6.30am club, 6am club and 5.30am club in this sequence. If u think of 8am club to 5am club directly, probably u will keep planning it, never exercise it.
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