#GuruSpeak
| This is the story of an engineer who dropped out of a PhD programme to pursue his passion for trading.
Read on to know how he trades ⏬
by Shishir Asthana |
#Trading
#TradingTips
Me in 2017:
- Salary 2.5 L per annum
- No passive income
- Zero investment
- Education & Bike loan
Me in 2022:
- Trading income alone 1 Crore per annum
- 3 Passive income source
- 1 Crore portfolio
- Zero debt
Follow your passion, dreams do come true.
#cprbykgs
My daily routine:
5 AM - Wake up
6 AM - Yoga/GYM
7 AM - Refresh & BF
8 AM - Start to office
9 AM to 4 PM - Trading
4 PM - Check emails & messages
5 PM - Start to home
6 PM - Snack & Newspaper
7 PM - Pre & Post market analysis for students
8 PM - Dinner
9 PM - To bed
#cprbykgs
In 2014, I entered the stock market.
In 2017, I got my first job.
In 2019, I quit my job to become a full-time trader.
Finally, that was a good decision for me.
Understanding the stock market & finding an edge takes time. Be patient & don't give up.
#cprbykgs
➡️2016: I was a student & she was my mentor.
➡️2022: She is a student & I'm her mentor.
In 6 years, so much has changed.
This can happen in your life too.
📌Stick to your passion
📌Be the best in your niche
📌Don't give up, stay positive & be humble
#cprbykgs
1) No Boss
2) No Competitor
3) No risk of being fired
4) No worries about creditors or debtors
5) Spend more time with your family.
That's what you get if you're a disciplined investor or trader.
#cprbykgs
Beginner's tips:
1. Find a trading strategy
2. Build a trading plan
3. Risk 1-2% per day
4. Take 1-2 trades per day
5. If you're green after 1 month, increase your size
6. You won’t get rich overnight
7. Trading is about discipline & the money will follow
#cprbykgs
Black Friday Sale, Giveaway Alert ‼️
1 Premium Annual Subscription
1 Plus Annual Subscription
1 Essential Annual Subscription
All you need to do is follow
@in_tradingview
& retweet this.
#cprbykgs
My trading and investing journey were greatly impacted by Bruce Lee's quotes. I'd proudly say that I followed one strategy and tried it hundred times.
In trading, I follow CPR Indicator
In investing, I invest in Niftybees
#cprbykgs
My two favorite YouTube channels to improve your price action trading skills:
➡️YourTradingCoach
➡️Oliver Velez Trading
Let me know your favorite trading YouTube channel.
#cprbykgs
I am not:
- A trader
- An investor
- An advisor
- An analyst
- A fund manager
Then what the hell are you doing in the stock market?
I am an owner. A business owner.
Change your mindset. See what happens.
#cprbykgs
I feel fundamental analysis is no more important when you park your money in INDEX FUNDS.
Stop tracking stocks,
Started investing in ETFs.
4 best stock market index funds:
1️⃣ NIFTY BEES
2️⃣ GOLD BEES
3️⃣ ICICISENSX
4️⃣ JUNIOR BEES
#cprbykgs
When 1 profitable day wipes out 5 losing days, you're on the right track.
If it's the opposite, then your trading methods need to be examined closely.
#cprbykgs
Consistency will never come if you don't allow either your stoploss or targets to hit.
Taking profits too soon or moving stoploss too soon destroys your strategy because it isn't your strategy.
That's just your emotions tricking you.
#cprbykgs
Honoured to be seated next to Goa governor in Goa to Chennai flight.
Memorable day in my life.
Thank you
@psspillaigov
for your kindness and wishes 😊
#cprbykgs
#goa
In recent days we forgot the power of our own immune system by running behind drugs & vaccines.
Human body is capable of curing disease by itself.
I have opened a new naturopathy & yoga clinic for my beloved wife for a noble cause at Chennai.
Few pictures of our clinic..!
Do you feel disappointed that everyone around you is making money but you aren't?
Do not be distracted by Twitter and YouTube just concentrate on your trading.
Rather than competing with others, compete with yourself.
All the best.
#cprbykgs
Finally turned on my laptop after 6 days.
Was busy in celebrating my elder brother grand wedding ceremony 😍
Days which are worth spent, memorable for lifetime and priceless with my family, friends and relatives 😍
Trading requires patience:
➡️To learn the basics, it takes 30 days
➡️To learn strategies & test them, it takes 6 months
➡️Mastering yourself & your emotions takes 2+ years
➡️However, it can change your life FOREVER!
#cprbykgs
As a trader, you can't separate your profession from your personal life.
By becoming a better person, you will undoubtedly become a better trader.
#cprbykgs
Happy birthday
@vivbajaj
ji 🎂
Your dedication and commitment to provide affordable financial literacy for everyone is appreciable.
May god give you good health and happiness. Stay blessed forever 💐
#Intraday
trading plan using
#CPRindicator
Ingredients:
1 hr chart + weekly CPR
5 mins chart + daily CPR
Thought process:
If 1 hr candles are above weekly CPR, we want 5 mins candles also to stay above daily CPR. Now, look only for long opportunities. (1/n)
Hard Trading VS Smart Trading
📌Hard Trading:
➡️Watching 50 stocks
➡️Forcing Trades
➡️Focus on making money
📌Smart Trading:
➡️Watch 2-4 Stocks
➡️Wait for the Opportunity
➡️Focus on limiting losses
#cprbykgs
A trader believes he must make money to survive in the stock market.
It's actually the opposite.
You have to first survive to make money in the stock markets.
#cprbykgs
Top 5 option buying mistakes:
- Trading illiquid options.
- Holding till expiry.
- Not knowing the overall trend.
- Trading OTM contracts, since it's cheap.
- Looking only at spot chart & not option chart.
Anything else I missed? Please comment...
#cprbykgs
Trading is a game of chance: you never know what will happen in a year or what will be destroyed in a month.
In a moment of impatience, all your hard work can go in vain.
#cprbykgs
There is a famous dialogue from 3 idiot movie:
"Don't run behind success. Run behind excellence and success will follow."
Here is my version for stock market:
"Don't run behind returns. Run behind progress and returns will follow."
#cprbykgs
July 1-2, 2021:
BNF 1 hr was struggling at monthly and weekly CPR.
July 5, 2021:
BNF 1 hr was struggling at weekly CPR in the morning session.
Now, hourly candles have comfortably closed above both weekly and monthly CPR. Hence, trust the bulls & forget the bears.
#cprbykgs
Here's a trading tip:
➡️Write down your perfect trading setup along with your favorite confluences.
➡️Now, look only at that setup for trading.
You'll thank me later...
#cprbykgs
The moment you become a trader
#️⃣There is no going back
#️⃣A lot happens: good & bad times, failures & setbacks
#️⃣Be open to learning
#️⃣It's okay to not worry about what others think
#️⃣Improve your trading skills and become the best
#cprbykgs
If you win in any business:
You become
-Financially free
-An important person
-Someone people want to talk to
-A generational blessing
-A great mentor to others
If you lose in business:
Nothing happens, just try again.
The consequences are WAY smaller than you think.
#cprbykgs
#banknifty
Candles above monthly CPR- Bullish
Candles above weekly CPR- Bullish
Now, whenever candles enter daily CPR range it indicates weakness of current trend & early signs of trend reversal.
So, wait for the candles to exit the daily CPR range then take the trade. (1/4)
The transition to profitable trading occurs when you stop asking, "How much money can I make every day", and start asking, "How to limit the number of losing trades".
#cprbykgs
The trading business is a loop.
A loop of fear, greed, and anger traps amateur traders.
Whereas, a successful trader gets trapped in a loop of trading edge, risk management, and probability.
#cprbykgs
I have never thought even one second in my life, that one book will change my trading career..!
It may work for you too…
The book that changed me, shaped me in my trading career…
#cprbykgs
When monthly CPR acts as a support, the bears should not be trusted.
Look at what happened on April & May.
One thing, monthly CPR is narrow. So expect a trending market anytime.
#cprbykgs
#Nifty50
#NiftyBank
#BNF
is trading at a monthly R3 47476.
The last time BNF traded at monthly R3 was in October 2021.
BNF fell almost -17% from monthly R3 during that period.
Will history repeats?
Yes if prices trades below weekly CPR.
#cprbykgs
Chandrayaan 2 launch date:
July 22, 2019
Chandrayaan 3 launch date:
July 14, 2023
Time taken 4 years
India’s top most scientists in ISRO took 4 years to launch the next Chandrayaan. How about us?
We expect overnight success in trading or investing...
#cprbykgs
#Chandrayaan3