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Top 1% Trader SecretDetermine your risk capital, i.e., the total amount of money you're willing to risk in your trading. This should be money that you can afford to lose without it affecting your lifestyle. Calculate 1% of your risk capital. This is the maximum amount you're allowed to risk on any single trade. For day traders and swing traders, the 1% risk rule means you use as much capital as required to initiate a trade, but your stop loss placement protects you from losing more than 1% of your account if the trade goes against you.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
What is MTA (multiple timeframe analysis) and it's BenefitsHi mates, Today i am sharing a learning idea publication about multiple timeframe analysis as might have you guessed by reading the title of the post and it is easily available on Tradingview for the betterment of your technical analysis as simple as that a single instrument can looks different on multiple timeframes as i try to characterize on published chart and before taking a trade position it is helping, So i am sharing insight on this topic below hope you will like it ! The Benefits of Multiple Timeframe Analysis in Trading Multiple timeframe analysis (MTA) is a strategy used by traders to enhance their decision-making process by analyzing an asset or security over various timeframes. This approach provides a broader perspective on market trends and helps traders better understand the overall market context. Here’s a deep dive into the benefits of multiple timeframe analysis: 1-: Comprehensive Market Perspective One of the most significant advantages of MTA is the ability to gain a comprehensive understanding of the market. By observing different timeframes—such as daily, hourly, and weekly charts—traders can identify both long-term trends and short-term price movements. This layered approach ensures that traders are not solely focused on one aspect of the market but can see how different trends interact and influence each other. 2-: Enhanced Entry and Exit Points Multiple timeframe analysis allows traders to pinpoint more accurate entry and exit points. For instance, a trader might identify a long-term uptrend on a weekly chart and then use a daily or hourly chart to find the most opportune moment to enter the trade. Similarly, observing shorter timeframes can help in recognizing when to exit a trade to maximize profits or minimize losses. 3-: Improved Risk Management By incorporating multiple timeframes, traders can enhance their risk management strategies. Understanding the broader trend can help traders avoid entering positions that go against the larger market direction. For example, even if a shorter timeframe shows a potential buy signal, if the longer timeframe indicates a strong downtrend, the trader might decide to avoid the trade or adjust the position size to manage risk better. 4-: Reduced Noise and False Signals Shorter timeframes can often be filled with market noise—small, erratic price movements that don’t necessarily indicate a meaningful trend. By using multiple timeframes, traders can filter out this noise. For example, if a daily chart shows a strong trend, but an hourly chart displays some short-term volatility, the trader can focus on the bigger picture provided by the daily chart, reducing the impact of false signals. 5-: Confirmation of Trends and Signals Multiple timeframe analysis serves as a tool for confirming trends and trading signals. A trading signal on a shorter timeframe that aligns with the trend on a longer timeframe provides greater confidence in the trade’s potential success. This alignment across timeframes acts as confirmation, increasing the likelihood of a profitable trade. 6-: Adaptability to Different Trading Styles MTA is versatile and can be adapted to various trading styles, whether it’s day trading, swing trading, or long-term investing. Day traders might focus on the 1-minute, 5-minute, and hourly charts, while swing traders might use the daily, weekly, and monthly charts. This adaptability allows traders of all types to benefit from the insights that MTA provides. 7-: Better Understanding of Market Sentiment By observing how trends evolve across different timeframes, traders can gain a better understanding of market sentiment. For example, a long-term uptrend might be losing momentum if the shorter timeframes begin to show signs of reversal. This insight can help traders anticipate potential changes in market direction and adjust their strategies accordingly. 8-: Increased Confidence in Trading Decisions Finally, the comprehensive analysis provided by multiple timeframes can increase a trader’s confidence in their decisions. When different timeframes support the same trading idea, it reinforces the trader’s belief in the validity of the trade, leading to more decisive and confident actions. Conclusion-: Multiple timeframe analysis is a powerful tool that provides traders with a more holistic view of the market. By considering various timeframes, traders can improve their accuracy in predicting market movements, enhance their risk management, and make more informed trading decisions. Whether you are a novice or an experienced trader, integrating MTA into your trading strategy can offer significant benefits and contribute to your overall success in the markets. Namaste Best Regards- Amit
NSE:NIFTYEducation
by AMIT-RAJAN
5
How TradingView is redefining the chart-analytics spaceIf you are a stock or options trader, you might not have taken the trade without analyzing the charts. Gone are those days when traders punch orders just by looking at the prices. All professional traders prefer to take the shot after viewing the chart and that too after analyzing multiple timeframes. There is one player who has made a heck of a difference in this space, it's TradingView (TV). When I started trading in 2010, I used the broker’s chart platform - it was okay, but I did not know what was missing. Later I switched to a new gen broker and for a while, I was stuck with the ChartIQ platform which the broker provided free of cost. I had heard TradingView’s name then, and also visited their website and compared the plans. I thought, who in their senses would opt for a paid plan of TV when the broker is providing it free of cost? I said to myself - I would never pay for it. Back then I had 5 to 7 indicators on my chart - MACD, Bollinger bands, RSI, EMAs, ADX-DMI, SuperTrend to name a few and my chart was pretty complicated. Just like a handwritten prescription by the doctor, I could not even read what came out from my chart. And predictably the streak of loss-making trades continued. Time passed and maybe I got mature enough to realize that the indicators were not the issue, my interpretation was. The first thing I did was to switch to the free plan of TV. Since it had a limitation of 3 indicators per plan - I had to narrow down my selection of indicators. I was left with 2 EMAs and 1 ADX-DMI that I could use with the free plan. And that restriction became a blessing, my charts were not crowded anymore & the price stood out loud and clear. My loss-making days ended there and I possibly matured as a trader. I did not switch to TV’s paid plan then - because I had no special need for it. That restriction of 3 indicators was what worked for me, a blessing in disguise. Early this year, I switched to one of their platinum brokers - Dhan . This was to get my webhooks experimentation going and it required me to upgrade to a paid plan of TV. Even though I was hesitant, I took that leap of faith and upgraded. Seems like that was the 2nd best decision that I took this year, after switching the broker. Few additional things come to you when you take a paid plan. I got access to add more watchlists and segregate them by themes. One of my recently added watchlists contains more than 249 stocks which I analyze over the weekends. These companies are with Mcap less than 3000 crores and I secretly believe 10 of them could become multibaggers over the next decade. Weeding them out is a pain though. There are 2 features TV provides even on their free plan. Publish Idea Minds Publish Idea - This is where you share your chart, analysis, or idea with the public. You need not be a professional chartist to do it - you can start at an amateur level. As your work inspires others and helps them in their trading, you start gaining their respect. Few of them may even follow you and subscribe to your ideas. You get to choose the directional bias too. If you are long on a scrip, you can mark the “long” green colored button on the last page. If you are bearish, you could select the “short” red button. Minds - TV Minds is a new feature that they introduced, it is like a room where you post commentary while trading. Other traders who are watching the same chart as yours can view, and comment on your mind and it can get pretty interactive. Once posted, it will appear on your public page under the “minds” navigation. I love both these features as they immediately notify your followers via email too. TV minds give the exact feeling of entering a trading room. You get to interact with the experts, take their opinions, and debate a bit. I am not quite sure if these can be done via their mobile app, I use it on their desktop version. And it may take a while for real deep penetration as the majority of traders in India are on a mobile device. What is the feature you liked about TradingView the most?
NSE:NIFTYEducation
by viswaram
Automation using TradingView Webhooks, I got hooked on Dhan!Brokers are the last people on earth to whom we would like to give credit. Social media is flooded with posts that say “My broker did not help me square off positions…”, “My broker’s app stuck in between..”, “My broker did not help me login…” etc. I believe 99 out of 100 support tickets they get every day would be problems, glitches, and issues. Being a broker is such a thankless job, even if you are doing okay - their customers would say “They just meet the expectations..” Maybe they should change their name from “brokers” to “platforms”, because when we hear the word broker - we relate it with commissions. It all started in real estate purchases and rentals. If you wish to rent a property, you need to pay 1 month’s rent as brokerage to the person who showed you the apartment. Similarly, the broker in stock trading connects you to the exchange - so that word rhymes with the concept of giving out some money as commissions. My topic today is not about reducing the commissions or abolishing the list of taxes every trader faces, but something about giving credit for a job done well. This list is tracking 128+ brokers in India. Together they handle about 3,24,94,922 active customers. I assume that should be 95% of all traders. The top 10 brokers handle 80% of the customers. The top 20 handles 90%. This means around 108+ brokers handle just 10% of the customers. Every broker has some pros and some cons. Switching from one broker to another is not that easy, so the customer will only do that if the new broker offers something extraordinary - a new tech or a pricing advantage. I am here to talk about one such tech that got me interested - Trade via Charts. @TradingView (TV) is a firm that provides app/web based charting solutions for most of the stocks, indices, currencies, and commodities out there. Most of the brokers provide a free integration with TradingView charts. Even trade from charts is not that new - it was there for quite some time now. @Dhan is one of the first brokers (15th in this list) that provided the TradingView integration via Webhooks. This means if we set some levels on the TV chart, it could place the orders directly on the Dhan app. This means a lot if you are serious about automating your trading plan. All we need to do is set the right levels on the TV charts via price alerts, pass the JSON script, and then set a corresponding order on Dhan app. If the stock/index crosses that price level - the system automatically places the order for you. Dhan made this revolutionary integration and then quietly but suddenly it started gaining a lot of customers. Automated trading will attract the office-goers, self-employed professionals and part-time traders because they can set these levels on the chart and then forget it. This feature will help them take their eyes away from the trading screen and focus on their main job. Lesser screen time for trading combined with a higher focus on their main profession. Lesser screen time also ensures lower stress levels. Sitting in front of the computer monitor for 6 to 7 hours watching the charts is not a child’s play. It not only eats up our energy but often prompts us to over-trade or exit prematurely. This is how I created the price alert. In the message box you need to pass the correct Json as provided by the broker (for sample I have mentioned it as just TESTING..). Once this price alert is correctly set up - it places an order if Nifty50 falls below 18900. All I need to do is create a basket with the items that need to be part of the order. For example, see image below - I created a test basket with name: 111 that will place an order of 1 lot on 18900 PE when Nifty50 falls below 18900 on the TV chart. If you are new to coding or automation - it may take some time to get a grip on what is happening. But once you have done the homework, it should work like a charm. I had no plans to open a Dhan account earlier, but as soon as this feature became stable - I wanted to try it. Now that I have been using it for half a year - I am really loving it. Once I got it working, the speed of placing the order was much better than my manual entries. I saved some slippage costs as well. The important takeaway here is that automation is highly possible, but you need to set the command correctly. Automation is not a tool to help you make profits if you were losing manually. The logic of what should happen and when it should happen should be decided by you, how it will happen is what's getting automated. Also, trading is a tough job. Less than 5% succeed. 99% of trading money deployed ends up in the hands of 1% of traders. The real clue is to get your research worked upon. Work hard to find your edge. If you are employed somewhere, use your spare time or weekends to research. Once you are ready with a good plan - you may be able to deploy this feature. If you get it programmed correctly - it may even give you peace of mind.
NSE:NIFTYEducation
by viswaram
1
Types of Professional Traders🤑💸💸💸🤑👑Royal Trend👑 Topic Trading Things In this video we try to understand Types of Professional Traders🤑💸💸💸🤑 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
1
How To Trade in Option's Market By 👑Royal Trade👑 👑Royal Trade👑 Hello Guys in This Video We share How to Trade in Option's Market. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
#Drow Trend Line Like Professional🤑💸#We Make Only Profit. #HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA whats is trend line? Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. KEY TAKEAWAYS: 1. Trendlines indicate the best fit of some data using a single line or curve. 2. A single trendline can be applied to a chart to give a clearer picture of the trend. 3. Trendlines can be applied to the highs and the lows to create a channel. 4.The time period being analyzed and the exact points used to create a trendline vary from trader to trader. What Do Trendlines Tell You? The trendline is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trendline helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade. /*****************************************************************************************/ Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. what is option ? Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines. RBI Forex Reserve Grow is this Good or Bad ? 1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy pe zada Farak na pade..
BSE:SENSEXEducation
by ISL-TREND
2
#How to Trade in Option Market 💲🤑💲💸💰#We Make Only Profit. #HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. what is option ? Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines. RBI Forex Reserve Grow is this Good or Bad ? 1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy pe zada Farak na pade..
NSE:HDFCBANKEducation
by ISL-TREND
5
Risk managementRisk management is an essential aspect of trading, and TradingView can be a helpful tool for implementing risk management strategies. Here's a step-by-step guide on how to do risk management in TradingView: 1. Determine your risk tolerance: Before you start trading, assess your risk tolerance level. This will help you set realistic goals and determine how much risk you are willing to take on each trade. 2. Define your position size: Position sizing refers to the amount of capital you allocate to a particular trade. It should be based on your risk tolerance and the size of your trading account. TradingView does not provide direct position sizing tools, but you can calculate it manually or use an external position sizing calculator. 3. Set your stop-loss order: A stop-loss order is an order you place with your broker to sell a security if it reaches a certain price level. It helps limit your losses in case the trade goes against you. In TradingView, you can add a stop-loss level to your chart by using the "Trend Line" tool or by manually entering the price level. 4. Utilize take-profit levels: Take-profit orders allow you to lock in profits by automatically closing a trade when it reaches a specific price level. You can set take-profit levels in TradingView by using the "Trend Line" tool or by manually entering the price level. 5. Monitor risk-reward ratio: The risk-reward ratio is the ratio of the potential profit of a trade to its potential loss. It is advisable to have a positive risk-reward ratio to ensure that the potential gains outweigh the potential losses. TradingView can help you calculate and monitor the risk-reward ratio by measuring the distance between your entry point, stop-loss level, and take-profit level. 6. Use risk management indicators: TradingView offers a wide range of technical indicators that can assist in risk management. Popular indicators include Average True Range (ATR), which helps determine the volatility of a security, and the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. These indicators can help you assess risk and make informed trading decisions. 7. Regularly review and adjust your risk management strategy: Risk management is an ongoing process, and it's crucial to regularly review and adjust your strategy as needed. Analyze your trading performance, identify areas for improvement, and adapt your risk management approach accordingly. Remember, risk management is a personal process, and it's important to find a strategy that suits your individual trading style and risk tolerance. TradingView provides valuable tools and features, but it's ultimately up to you to implement and manage your risk management practices effectively.
NSE:TATACOMMEducation
by Abbhishekumr
A Comprehensive Guide to Descending Triangle.NSE:AMBUJACEM A reliable bearish trend continuation pattern is known as Descending Triangle. This post will cover these questions: 1. What is Descending pattern? 2. How to identify Descending Triangle? 3. Pre-requisite of pattern formation. 4. Trading Tactics. 1.What is Descending pattern? #The descending triangle is a bearish formation that usually forms a continuation pattern during a downtrend. #Descending triangles also sometimes function as reversal patterns at the end of an up trend, but typically they are continuation patterns. #Descending triangles are bearish in nature. The descending triangle pattern here indicates that the buyers are not as aggressive as the sellers, so the price continues to generate lower highs. This shows that the demand for related security is falling. 2. How to identify Descending Triangle? (a.) Drawing trendlines. The bottom horizontal line (support line) is formed by two or more almost equal price lows, while the descending trend line (resistance line) is formed by two or more declining highs. (b.) what are Base and apex? -The base is the vertical line drawn from the flat support trendline to the starting point (Resistance line) of the descending trend. -The point at which both converging lines meet is called the apex point. -The breakout should happen around 2/3 size of the whole pattern. 3. Pre-requisite of pattern formation. (a.) Existence of prior trend. It is very important to identify the previous trend, an established prior trend should exist cause it's a continuation pattern. look for the pattern in a downtrend with a forecast of breakdown from the horizontal line. (b.)Volume pattern While the pattern is forming the volume diminishes. volume declines as the pattern develop and the price swings back and forth between an increasingly narrow range of lower highs and similar lows. However, there is a noticeable expansion in volume when the downside break occurs. (c.) Retracement Moves. The chances of a retracement move are very less in this pattern. After the breakout the price can move again towards the breakdown zone to test the validity of the breakout, on breakout the support is broken and when the price retraces the support becomes resistance and the price start moving in the breakout direction. 4. Trading Tactics. The entry will be below the support level and use protective stop loss above important resistance level, or it can be above 50% of pattern range. Minimum Take profit is the projected Base Line. Use position sizing according to your stoploss level. Like this idea if you find it useful and please share with your friends. Keep learning, Happy trading. Thankyou.
NSE:AMBUJACEMEducation
by SANJAYPATIDAR_
4
Right direction is more important than speedHello Friends, Hope you are doing well, Today I am sharing a very little and simple fact, which is very much needed to survive long life in market and to be a profitable trader in market, here we are talking about direction and speed because, when you’re heading towards right direction, every single step you take is real progress, but if you’re going in the wrong direction, every single step is pushing us in minus. Direction can be decided by analyzing charts and Speed (position sizing) is decided as per money management rules, One should always digest the initial level first, where he is, and also where he reaches next, one can only survive in market until capital is wiped out, so always remember, to save capital from losses is also gain. The journey of a thousand miles begins with one single step, make sure that first step is in the right direction. When making important decisions that have long-term implications like financial decisions, slow down and check carefully risk reward ratios and money management rules and carefully evaluate your available options before starting or executing it. This post is just for educational purpose, See you all next week. 🙂 RK 💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSEIX:NIFTY1!Education
by RK_Chaarts
1
RESPECT STOPLOSS ALWAYS Hello dear friends and mates many regards to all of you What I observed in Hdfc bank I am sharing with you that firstly it breaks a horizontal resistance which I mentioned as R1 for more confirmation I waited for breaking the second the second resistance mentioned R2 and took a trade so after taking the trade I kept a stop loss in my mind and in mine system too that if it will break the R1(which could act a good support now that earlier it was acted as a strong resistance) I will exit from this trade however how much this company is good on fundamentals but this is a pure trade not an investment or accumulation which I am doing so I have to exit if this will act as same which I kept in my mind, So what I want to tell you that I did not do this now look at the price now on currently it is trading below 45-50 points from my decided stop loss it is like 3-4% away from stop loss and know knows how much it can go more down from here. Conclusion-: So I found a conclusion is that people are doing losses in market because they did not want to follow stop loss which is the one and only friend (STOPLOSS) of your in market and trading, people are making big losses because they did not want to take small losses as a stop loss and wiped out huge capitals in some risky instruments and trades and after they will say always that markets trading investments are bad instead of accepting their mistakes. So always try to follow your decided stop losses what ever they are technical or not and always put your stop loss in your systems not only in your minds too. Regards
NSE:HDFCBANKEducation
by AMIT-RAJAN
1
Adding Custom Watchlists in TradingViewHi This is my first video idea on this website and this is about adding watchlists. I have tried to keep things raw and simple so that everybody understands it. There might be some other methods, of course, for this purpose but this is the one that I prefer to use. This method works in India and I have taken reference lists from the NSE India website. Excuse me about the background noise if any. I hope it will be useful for some users.
NSE:NIFTYEducation
by Bravetotrade
34
Control emotions during tradeIt is very important to control your emotions during trading, human emotions are a big hurdle in trading, you can not maintain discipline if you can not having control on your emotions. Without discipline you can make money in market but you can't retain it. Here is 5 things you can adopt to improve your trading skill and control emotions. SET ALERTS : we use to watch market continuously and during watch we see so many trades which we should not take, it disturb our trade filtration and also affect out trading phycology, we should wait for our levels and what our set strategy giving trade not to enter early or fake trades, you should set alert according to your levels,chart pattern,breakout or breakdown, any of your trading strategy you are using, there is no need to watch screen constantly in this free time you can also paly any indoor game to keep you mind refreshing and active, once your price alert hit come up on screen then you can go with your trade. VOLATILE HOUR : some time we find trades in sideways or less movementing market and it face us stop loss, no movement or very small target, it's better to took any trade in volatile hours so that trade can exactly work according to your strategy try to avoid trades which are generating in less market movement. Generally Indian market movement is 9:15 to 9:30 very volatile 9:30 to 10:00 volatile market 10:00 to 11:30 stable market 12:00 to 2:00 correction/stable/new/global market 2:30 to 3:00 volatile 3:00 to 3:30 last volatility NEVER WATCH YOUR PROFIT & LOSS DURING TRADE : when we see running profit loss in dmat it automatically affect psychology of trade and we start convening our self for exit, same side in profit and and loss also some time we more think to hold that trade either to exit. we should took trade and either to see p&L we should watch only price and exactly exit according to our strategy do not exit too early do not exit too late if you took that trade according to your pattern, technical any strategy then you should also exit according to that strategy. watching price in compare of P&L helps a lot for long run. STOP AFTER THREE CONSECUTIVE WINS OR LOSSES : it is very important to stop at a point every day in trading, if you did 3 trades either continuously wining trade or loosing trade, at this point you should stop your trading for the day. market is not for one day it will open again next day with same things. do not excited in profit and also in loss, if it was bad day not a problem close your terminal come again next day with fresh mind do not influence your fresh trade with old one . TAKE BREAKS : taking break in trading is very important to keep your mind happy active and fresh every time, as just we do keep our personal and professional life separate, do not mass up one with other. take your self out on weekend do not think about your regular profit and loss take proper break that you need.
NSE:NIFTYEducation
by ProfitPicks
3
How to publish an idea on TradingView? Hey everyone!👋 We have prepared this visual guide to help out the awesome new users of TradingView. A lot of you are not aware but TradingView provides you a facility to share your charts with a wholesome community. All you have to do is just mark your chart, give it an awesome heading, write a good description and just publish. Easy, right? Let’s delve deeper into this process! A step-by-step guide on how to publish an idea on TradingView. 1. When you open TradingView, you will find an option called "Chart". As soon as you click it, it will redirect you to a blank chart template. 2. The blank chart will look something similar to the chart below. On the top-left-hand corner, you will see the "Scrip name" of the current scrip that you are checking. 3. Click on the "scrip name" and find the symbol that you like to see the chart of. Easy right? 4. You can now mark whatever you feel like as per your trading system. In general, you can mark different levels/zones of support, resistance, demand, supply, patterns, etc. 5. After marking all the levels, click on the "Publish" button shown at the top-right corner of the screen. It will redirect you to a blank form that you need to fill out. 6. In this form, you need to provide the following things. a) Title - A title for your idea b) Description - A meaningful description explaining your idea so that others can understand from your perspective. c) Choose the type of idea - Analysis or Tutorial. An analysis is an idea about a specific stock at a given point in time whereas a tutorial can be a generic idea regarding educational things related to trading or TraingView. d) Privacy settings - If you want to share your ideas with the community, you need to select the "Public" option. Else if you just want to keep the idea to yourself as a reference or a journal, you can select the "Private" option. e) Category - Select the basis for your analysis using the options given in the category slab. f) Investment strategy - Whether you are bullish, bearish, or neutral on the stock. g) Share - You can check the share box if you want to share your post on Twitter as well. h) Tags - Provide a few relevant tags for your idea. i) Rules - Check the box which affirms that you abide by the house rules of TradingView. 7. After doing all of the above, you just need to click "Publish Idea". Voila! You just published your first idea on TradingView. Note : Ideas once published, cannot be edited/deleted after 15 minutes of publishing. Hence, if you make some mistakes, be sure to rectify them within 15 minutes. A few important rules that you should keep in mind before posting an idea: 1. Make ideas understandable. When publishing content, make sure to write an easy-to-read title and a thoughtful description so that everyone can get the gist of your published work and the reasoning behind it. 2. All content should be ad-free. Any advertisement such as logos, links or references to any website, social media, messaging or email contacts, company names, wallet addresses, will invite action from the moderators. All content has to be free from promotion. 3. Publish in the same language as the site you're on. Writing in one language when the audience reads in another is just a waste of time and energy, so please make sure to stick to the language of the TradingView subdomain you're on. If you'd like to publish or chat in another tongue, please click on the language selector in the top bar menu and select the desired dialect. Check out the house rules of TradingView here: in.tradingview.com Feel free to go ahead and post an idea today! And if you ever need any help, we are always here to help you. - Much love, Team TradingView 💘
NSE:NIFTYEducation
by TradingView
20
How To Use Financial Ratios To Make Better DecisionsFinancial Ratios help you evaluate a company. Most financial ratios will show you how much money you're paying for a specific piece of the business. Let us give a few examples: Price-to-Sales Ratio = Market Cap / Sales The Price-To-Sales ratio or PS ratio tells you how expensive a company is relative to its total sales. The formula is calculated in two different ways: divide the company's market capitalization by its revenue or divide the current stock price by revenue-per-share. Because this ratio is being calculated with live price information, you can also watch it in real-time on the chart as we've shown in this example above. If a company has a market cap of $10 billion and revenue of $1 billion, well that, that implies a PS ratio of 10. You're paying $10 for every $1 in sales. You can do ratios like this for all aspects of the company. For example, PE ratio or Price-To-Earnings ratio measures the Market Cap / Earnings . This tells you how much you're paying for every dollar of earnings . Keep in mind that Financial Ratios are not perfect. They are also not a buy or sell recommendation. Instead they are shortcuts, ways to quickly evaluate a company, compare its underlying fundamentals, and study that company relative to other companies. You also must remember that financial metrics can change quickly with a single earnings report. A company's future expectations are also just as important. A company like Apple might have a high PE ratio, but if they're building and growing revenue into the future, their PR ratio could come down over time. Remember, Financial Ratios and Financial metrics in general paint a picture of the underlying business and its earnings potential. Here are some other resources to get you started: 1. Read more about Financials on TradingView in our Help Center. 2. You can also code your own strategy or indicator using this financial information . 3. We've also created a library in our Help Center so you can learn more about every Financial metric . Here are some other financial ratios that you may find interesting and how they're calculated: PE Ratio = Market Cap / Earnings PB Ratio = Market Cap / Book PEG Ratio = PE / Earnings Growth Quick Ratio = (Cash + Cash Equivalents + Current Receivables + Short Term Investments) / Current Liabilities Dividend Yield = Dividends Per Share / Price EV Multiple = Enterprise Value / EBITDA To access all of the Financial Ratios available to you, click the Financials button at the top of your chart. From here, you can select many different Financial metrics and study markets at a deeper level. More importantly, you can combine the study of Technical and Fundamental analysis at the same time. Meaning you can evaluate the fundamental side of the business including its earnings and valuation while ALSO studying price action and planning a trade. Please feel free to share your feedback and comments below! Thank you for reading.
NASDAQ:AAPLEducation
by TradingView
8
Tata Motors: Did Charts warn us ahead of the NEWSTata Motors There was a NEWS today in afternoon with regards to Chip shortage effecting JLR car production and that it might take a toll on profitability for the Company. The NEWS took a heavy toll on Tata Motors instantly. Now let me go by disclaimer, this is analysis in hindsight which is easier as the outcome is there in front of us now. Also, I have not traded this set up, nor is this any kind of recommendation now. (although you can check out my other ideas on Tata Motors in the links below). But the fact is: Technical Analysis gave us warning signals way before the NEWS was out . If you look at the charts, - the stock had been trading at the edge of blue line - 356 -360 as you can see has been a major hurdle for Tata Motors ( marked by red line and red arrow marks) So, today when the stock came in the zone around 356 levels, the cues were there for those who understand Technical Analysis that the stock is at resistance. The risk was minimum to sell in the zone of 356-360 . The NEWS came in and once the blue line was taken out, it only helped those who positioned themselves based on this Technical Analysis set up. If you follow Technical Analysis and if you had an eye on the stock , you would agree that Technical Analysis was again ahead of NEWS in terms of signaling the potential risk above 355 levels Let me know what you think, in the comment section below Regards, Vaibhav Deshpande
NSE:TATAMOTORSEducation
by indiamarketoutlook
4
Using The Fibonacci Retracement and Extension levels I've explained how can can use Fibonacci levels in trading using example of NSE:TATA STEEL . Firstly know your trading perspective, and choose your chart time frames accordingly . Now use higher time frame chart and draw FIBONACCI RETRACEMENT TOOL from bottom to top(in Uptrend) and top to bottom (in downtrend) for current trend. . Mark the levels using horizontal line, near stock is trading currently . Use smaller timeframe to get retracement levels in uptrend or in downtrend, and now make Fibonacci extension levels from top to bottom(in uptrend) and bottom to top(in downtrend) for current swing . Mark all the important levels, these will work as support and resistance . Now, using RSI,MACD,EMA sets you can trade your position for these levels HAPPY LEARNING AND START INVESTING
NSE:TATASTEELEducation
by PuruKhuwal
How To Add Emojis To Your ChartIf you publish a lot of research from your TradingView account, emojis will give readers another way to engage with your work. Emojis are recognized globally and can help others better understand how you're thinking or feeling. They can also be used as quick reminders or notes. Here's how you can add emojis to your chart: 1. Copy and paste an emoji directly into the text box tool like this 👋. If you need help finding an emoji to copy and paste, there are several websites that make this easy to do. You can add emojis to any text box or drawing tool that supports text. 2. The second method is to use the Signpost tool. The Signpost tool is located in the Annotation Tools menu on the left-side of the chart. Select the Signpost, place it on the chart, and then open its settings to add an emoji. The Signpost tool can be used to leave detailed notes at specific price levels. It is easy to use, fully customizable, and it can be dragged to any point on your chart. We've included a few examples on the chart above where we've also customized the background color of each Signpost. 😎🐻 🥶🐂 Thanks for reading! Let us know if you have any questions or comments. Our team is always listening and waiting to help.
NASDAQ:COINEducation
by TradingView
13
The beginner's SchoolAre there any hidden or magical theories to win every trade? Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on tradingview.com, yeah, why you surf here? You have that technique that will give you 100% accuracy, but believe me, there is not! Everything is open and nothing is hidden. Which indicator is good and which indicator do you use? The most asked question ever! Mostly I don’t use an indicator. Because it gives everything late, we often call it a lagging indicator. Indicators are like clock it will keep changing. But more often it depends on your trading style that indicators are suitable for you or not! If you are a necked price action trader or Elliott wave analyst you don’t need to check indicators, not even for confirmation. I was using indicators for confirmation, but they were changing my bias and trading decision that’s why I stopped checking indicators. I have one very successful indicator which is my trained eye, I used to identify reversal, and it may be more accurate than other indicators. I am not agreed with your answer madam! Likewise, I am getting good profit with indicator, why you are criticizing indicator? I already maintained that it depends on your style, there are lots of people who spend money on buying indicators, but they are still unsuccessful even with paid indicators. Maybe your trading style is profitable with indicators, neither I am criticizing nor I stopped you to use indicators. If you are very familiar with that indicator, and you are getting profit then you must stick with those indicators which will good for you! And the person who is not getting enough returns with indicators, they have 2 ways, 1. Choose an indicator that is suitable for you then back test consistently. Don’t mix up more than 3 indicators because it will be confusing to take a trade decision. Add solid risk management (you have two techniques (1.) Risk per trade (2.) percentage of the portfolio) 2. If your mind has decided the indicator don’t work, use price action and become naked(Is the term of technical analysis)traders who don’t use the indicator, but they follow price and volume and momentum manually. Can you tell me the best setting for indicators? Well, there is no magical setting that will give you 100% accuracy, if you are using RSI you will find that you are getting very good buying signals on bank nifty and nifty but if you will apply it on stocks, or forex market it will be useless. I don’t prefer to find new settings because a new setting will affect your trading decision. How can I trade without indicators? Indicators are not everything! You can also use, Chart patterns, Candlestick patterns, Elliott wave theory, Harmonic pattern, Price action Gann Theory Dow Theory Fibonacci & geometry tools (fan, arc, channel, etc.) You can choose any as your primary trading theory. Mostly I use Elliott wave theory as my primary tool. Can we combine 2 or more theories to get good results? Yes, you can! For example, if you are using price action + Elliott wave + time cycle analysis, you can easily find where the excess can be formed. An excess will tell you that this corrective wave is to complete. And time cycle will guide you that when the new impulsive wave is going to start! Sounds easy but it will take very hard practice. Probably yes, we have to convert our knowledge into action which needs regular practice. Regular practice helps us to build a good habit. And also don’t try to use all the theory otherwise you will never become a master in any strategy. I am taking profit without putting SL, is it good? Maybe you are used to, but I strictly follow risk: reward ratio. And as per my trading, SL is a must in every trade. My favorite r: r is 1:3, 1:5, and 1:7. I just stick with it. If you are putting SL your risk is calculated and without SL you are risking all capital. How can I learn to trade? If you want to learn any theories and techniques you can read books. It will help you to gain knowledge for trading. There is a lot of famous and back tested book. If you want to learn to trade just apply your knowledge to a demo account if you are not comfortable with a real account. Mistakes will guide you to success. ----------------------------------------------------------------------------------------------------------------------------------------------------------------- if you have any questions you can ask me in the comments I will upload in Part 2.
NSE:SBINEducation
by Trade-Technique
19
Create Alerts (And Wait Patiently!)There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. 2. Create The Alert Once you've found a level that interests you, create an alert and walk away. Right-click on that exact price level and then select "Create Alert" from the menu. You can also use the keyboard shortcut Alt + A or on a Mac option + A. Lastly, at the top of every chart is an alarm clock icon ⏰. Click that to open your alert menu and get started. The chart in this example shows a level we're watching. It also shows the alert we created. We have our eyes on a possible Double Bottom and we made an alert to watch that level. We'll get notifications on our TradingView mobile app, through email, and on our desktop. We won't miss it. 😁 Alerts can help you plan ahead and wait. We all know patience is important. So use alerts to express that patience. Thanks for reading and we look forward to hearing your feedback in the comments below!
NSE:NIFTYEducation
by TradingView
29