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Why Traders Fail: Need for a Balanced ApproachWhy do people fail at trading? It is true that the success rate in trading is very less. You will find only a couple of good traders in a city. In my opinion it is due to the imbalance between two extreme emotions or personalities. One cannot understand or succeed unless a balance is created between them. All that is needed to create the balance throughout this adventure is your Time and meaningful effort. Here are some of those extremities that need to be recognized and balanced. 🚀 Lack of awareness Vs Hyperawareness There are people who enter in trading without knowing this business. They would throw their hard-earned money in the market just because someone else is making money here. These people have very short trading career as they lose all their money in a couple of trades. At least knowing about trading will make them shy away from high risk scenarios and hence help in surviving for long. On the other hand, there are people who have acquainted themselves to the markets to such a level that they want to know everything. They would like to learn each and every indicator and apply it on their charts, until they are left with a chaotic system which is bound to fail. Market is an ocean. You can’t know everything but can try to master a few things. 🚀 Fear of Loss Vs Greed Let me say that most of the people entering this business belong somewhere in the middle class. They always have dearth of money. So, they trade with less money and are afraid of losing it. They would either book very small profits or exit too early from good trades. But unfortunately, they won’t show this haste in losing trades. So, they book 1 point and lose 2. On the other hand, there are risk takers who have money but they are greedy. They would often book heavy losses or do not book healthy profits on time. They would only fume when their profitable trades turn into losses. Having less or more is not the question but discipline of booking profits and losses is the answer. 🚀 Stubbornness Vs Springy People would hold on to a trade or system infinitely. They would not believe in cutting small losses or mend their system for improvements. On the contrary, there are those who would keep on hopping on to one system or the other like a spring . They would book small profit/loss in one stock and buy another with higher risk. Improvement and patience are the key to success in trading. 🚀 Dependent Vs Egoist Each one of us would have bought stocks on the basis of tips from our broker, business channels or friends. Some of us would have moved on knowing the reality of tipsters while the others would still be clinging on to them. The latter would never learn a lesson before losing their entire capital. On the contrary, an egoist would only be overconfident in what he is doing. Having your ears closed in trading is a great thing but lack of flexibility is another. If the whole world says that the ship is going to sink, you can not just sit on its deck waiting for a miracle. Be an independent but flexible thinker. Thanks for reading.
NSE:NIFTYEducation
by Bravetotrade
29
My Elliotical Approach to EURUSD Short.Hello traders! I came up with this trading idea on January 2 2023 itself and will be attaching the link for the same as well. I was just waiting for the market to give us a better picture. As you can see on the chart, various guidelines point out the yellow zone to be a strong selling point with target levels at Wave 4 end(50% fib). We just have to wait for some price action to develop in the zone and from there on we can go short on EURUSD. Thank you for viewing! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
6
ULTRACEMCO - Swing Trade + Head & Shoulder patternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
NSE:ULTRACEMCOLong
by TradewithAditya
6
Our take on AI-generated Pine Script™The fact that GPT can generate Pine Script™ code has garnered much attention lately. While the perspective of making natural language requests to an AI to generate code is understandably attractive, it is unfortunately not something traders should use as a substitute for learning to program or finding a freelancer who will program for them if they are not interested in learning to code. Simply put, the core of the problem lies in the fact that code generated by software like ​GPT is unreliable. Only someone who already knows Pine can analyze it and make the inevitable changes required for it to work as intended. Would you rely on a code you cannot trust to trade your money? Those who can answer "yes" to that question are gamblers — not traders — and they most probably won't be reading this publication anyway. Because you are reading this, we assume that you are, or hope to become a trader, in which case elementary risk management would dictate that you consider GPT-generated Pine code with suspicion and not use it to make your trading decisions. Some of the typical problems you can expect of GPT-generated Pine Script™ code are that its logic will not do what you asked it to do and that it will frequently fail to compile because its syntax is malformed, among other reasons because it mixes up different versions of Pine. Consequently, we have decided not to allow requests to fix GPT-related code in the Q&A forums where PineCoders answer programming questions. We believe this is the best way to support our community's all-important volunteers who contribute their valuable time and knowledge to help Pine programmers facing programming challenges. Our Q&A forums are not indicator-writing services for traders who do not code in Pine. For that, traders can use our list of Trusted Pine Script™ Programmers for Hire to find a reliable freelancer they will pay to do the work for them. Our Q&A forums for Pine Script™ programmers are:  • Stack Overflow  • "PineCoders Pine Script™ Q&A" room on Telegram  • "Pine Script™ Q&A" chat on TradingView If you are interested in learning Pine Script™, start here . Whether you program or not, do not miss the opportunity to explore our 100,000-strong Community Scripts published by TradingViewers who so graciously share their work with our community. Disclaimer This publication is not intended as a dismissal of GPT-3. Originally designed to process requests to generate text, the successive versions of ​GPT have turned out to be increasingly adept at producing relatively good-quality text, so much so that it is often difficult for humans to detect that a program wrote it. See on the chart above, for example, its own text on the subject we explore in this publication, or this paper it wrote about itself. We can certainly foresee many uses for GPT-generated text, although it does bring to light challenging ethical questions. Look first. Then leap.
TEducation
by TradingView
7
Balance sheet: taking the first stepsToday we are going to start learning about fundamental analysis of companies. In my opinion, this is the basic skill you should have when picking stocks to invest in. Once again, the main principle of the strategy I follow is to pick outstanding companies and buy their stocks at a discounted price. You may have noticed that first-class products are occasionally discounted in stores, but not for long, because such products are quickly swept off the shelves, and almost the next day the price is again without a discount. Exactly the same strategy is applicable to the stock market. Now, fundamental analysis is a method for picking outstanding companies (that is, companies with strong fundamentals). How can we tell if a company has a strong foundation or not? There is only one way - by analyzing its financial statements. Every listed company has to disclose this information publicly on its website. In other words, we don't have to extract that information - it is publicly available. You can also find it on TradingView and see the data in dynamics. What is the content of this information? The company publishes three reports : balance sheet, income statement and cash flow statement. The balance sheet, like the order book , can be presented as an open book. The left side of the book lists the company's assets and their valuation in monetary terms, and the right side lists the company's liabilities and equity , and their valuation in monetary terms. What are company assets? These are everything that belongs to the company: buildings, equipment, trademark, shares of other companies, cash in the cash register. In general, all tangible and intangible property of a company are assets. What are liabilities and equity of a company? These are the sources of funds that gave rise to the assets. For example, if you bought a computer for $1000 with your savings, then the computer is an asset, and your own savings are equity. If a friend lent you $100, and you put the money in your pocket, the money in your pocket is an asset, and the debt to your friend is a liability. Based on these examples, you can make an imaginary balance sheet: As you can see, the entry in the balance sheet is the name of the asset, liability or equity and their monetary value. Assets, liabilities and equity are inextricably linked, so the sum of assets is always equal to the sum of liabilities and equity . If we were to write every asset in this way on the balance sheet of a large company, it would turn into an endless book of hundreds of pages. However, if we look at the balance sheets of huge corporations, they can fit on a single sheet of paper. This is due to the fact that over time invented to group the same type of balance sheet items. Let's look at how the company's balance sheet items are grouped: Don't be frightened. Now we will try to digest this table with the help of an example we are already familiar with. Let's think back to our master cobbler , specifically to the period when he was just starting out. Let's assume what exactly he had at that time: a garage, a table, a chair, a sewing machine, tools, a bag with leather and rubber, thread, a safe with money, a phone book with clients' contact information, a IOU from his friend, and oil company stocks. I have now listed the assets of our master, or should I say, of his workshop. I should note that what is listed here is exactly what is directly related to his business. Even the money in the safe, the debt from his friend, and the oil company shares came about because of the existence of the business. Let's say the master's apartment or the bicycle he rides in the park are not assets, because they don't belong to the workshop. They belong to the master, but not to his business. Let's categorize the workshop's assets into groups. There are two big groups: Current assets and Non-current assets . How should you distinguish them? The general rule is this: Current assets are what a company's product is made of, and what can turn into money in the near future, so they can be called quick assets . Non-current assets are where and with what we create the product, and what can turn into money not so soon (so they can be called long-term assets ). So, here we go: - A garage, a table, a chair are where we create a product, so a long-term (non-current) asset. - A sewing machine, tools - this is what we use to create a product - a long-term (non-current) asset. - A bag with leather and rubber and thread is what a product is made from - a quick (current) asset. - A safe with money is already real money - a quick (current) asset. - A phone book with customer numbers - it's hard to sell it to someone quickly, such assets are also called intangible assets and are placed in long-term (non-current) assets. - IOU from a friend, i.e. a friend bought boots from a master, but can pay only after receiving his salary - a quick (current) asset. - Shares of an oil company - let's assume that a customer once paid for the boots with them - a long-term (non-current) asset. So, we've just categorized the master's assets into two groups: current assets (quick assets) and non-current assets (long-term assets). In the next post, we'll break down the components of these two large groups. See you then!
NSE:RELIANCEEducation
by Be_Capy
6
Trading is a waste of time Trading is a waste of time - until you do this! Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time. Let's find out in this short video. Recently reading a book called The Best Loser Wins. It's written by Tom Hoggard , he goes by the name of Trader Tom on YouTube .And I urge you to check him out. There are some things that I have learned from his book and I'd like to share it with you. The particular data is of 2019 and these brokers are all located in European Union and, by law they are required to post the failure rates , how many clients are losing money in their market in their accounts. Out of a hundred clients, 89 clients were in a loss. And the situation is same for almost each and every broking houses. So eventually the brokers are making money, but the clients are not. Whenever as a beginner or even a seasoned trader, we are looking at these data and we believe that we are not in this statistical data. We are in the winning percentage in the remaining 10%, but it's not like that for the markets. We are just a statistic. Right? And even if you look at the top 10 broking forms in the world, the majority of people are in a loss. So that really makes us ask this question. Is trading really a waste of time? Are we just wasting our time in trading? And a lot of people, it's a very fine detail and a lot of people might agree with me that, in the initial stages it's really hard to be consistent in making money, right? And I'll discuss the reason with you because this particular reason is not discussed. The social media of Twitter, YouTube, it has all created an image where if you're not doubling your money every month, then you are a loser in the market. But in fact, trading is a very tough profession and it's really hard to make money and initial days protecting your money is one of the biggest tasks in surviving in the market. Protecting yourself from ruin is one of the biggest achievements in trading. So whenever we are starting our journey as a trader, where is our focus? What are the questions we are looking for? What are the things we are usually focused on? , we are on the internet looking for strategies, how to do scalping, how to do seing trading, how to use the indicators, the MACD and RSI, and how we can use different types of breakout indicators, right? These are the focal points of. I remember when I started trading, these are the things I was looking for. A hundred percent strategy, no loss strategy. These are the things that I was looking for initially, but these are usually the wrong answers. You know, in an area where 90% people are in a loss, then you need to ask yourself that. Because it has never been easier to trade because you go back 10 to 15 years, it was not easy to trade. You had to call your broker. And now we have an online trading system where we can just buy and sell stocks at an instant, right? That leads to high liquidity. And high liquidity usually means you can enter and. Very fast and you don't have to pay much for it. And you have all the tools available, especially a tool like Trading View, where you get each and every trading charts, indicators without paying a single penny. So it has never ever been easier to trade. So why are we all still losing money? We are only creating brokerage for our broking firm. This takes us to another and final topic is that in the year 2019, one Forex brokerage firm did an analysis of over 25,000 traders. And over a span of 15 months or 16 months. So that is a long period of time and over five crore trades were analyzed. So it was a very big data to analyze and that would give us a clear picture. So in that analysis it was recorded that out of hundred. , the traders were profitable in 60 of them and they lost money in 40 of them. So this is a very good data, right? Your win, your hit ratio is very high in the total amount of trades. So eventually the data is in your favor, but there's a small catch . When the traders are winning, they're winning 40 points. And when they lose, they lose around 75 points. This is a recipe for disaster. This particular thing created a lot of problems for me in the initial trades during my initial career. And this might be creating a lot of problems for people who are trading for the past one or two years in this high VIX environment because, you know, on paper, on week to week basis, you are winning And, and suddenly there's one particular day when you lose it all and that is the day when it drags your capital back to square one. So this is the biggest reason why it's very difficult for people to manage their trades. Cause it all comes down to how much you win when you win, and how much you lose when you lose. This brings us to the concept of risk . right in this modern area, uh, where option selling and creating spreads and selling naked options has been a very famous thing to do for the past couple of years. That is what happens whenever you're selling options, you have a probability of one 68%. That is a one standard deviation, right? So out of hundred trades you are going to win in 68% of them. But what you do and how you come out of the remaining 30 trades when the situation is not going to go in your favor, that is all going to matter. And that is the crux of thing that makes your journey as a successful trader. Our position in the market is very, very small for the market to know that we even exist or not. If you look at the data, if you just reverse the win and the loss points, even if you're winning only 50% of the times, then also your position is going to be in a net profit. So that's it for the guys. That makes this particular question really interesting. Is trading a waste of time? You're wasting of time, or are you smart enough to realize this thing that the other traders are doing and are in a loss? And what are you doing to improve this position and to improve your survival In this market. So that's it for you guys. I hope I have provided some value in this video, and if you found the video helpful, don't forget to follow me @piyushrawtani Trading View. And if you have any queries, feel free to post it in the comments section. Thank you very much and good night.
NSE:BANKNIFTYEducation
by piyushrawtani
13
Trend Analysis and its Characteristics.MCX:GOLD1! What is Trend and how to identify it? A trend is the overall direction of a market or an asset's price. an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows. ->One can identify it by determining peaks and troughs. ->By using trendlines ->Price remaining above or below an overlay indicator. we can quickly identify the general direction of a market or an asset by looking at the price chart but what we have to learn is to identify the quality of the current trend and how we can do that, by gauging the strength of the trend. Here are some significant points which help us in understanding the mood and quality of a trend. The highest skill any trader can aspire to is the ability to read pure price action. 1. Cycle Amplitude Look for decreasing cycle amplitude in uptrends and downtrends. A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend. In a similar fashion, a decrease in cycle amplitude in a downtrend is regarded as a bullish indication. 2. Cycle Period A gradual reduction in the cycle period during an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend and a gradual reduction in the cycle period during the downtrend is a bullish indication. 3.Average Bar Range A decrease in the average bar range in an uptrend and downtrend is an early indication of potential weakness in the current trend. -> you can track the bar range using the average true range (ATR) oscillator 4.Bar Retracement Symmetry A change in the number of bars in a retracement is also an early indication of a potential change in trend behaviour. 5. Average Candlestick Real Body to Range Ratio A gradual decrease in the real body to candlestick range is also an early indication of potential weakness in a Trend. 6. Angular Symmetry and Momentum Any change in the Angle of trend is significant:- i.) An upside acceleration in price is bullish whereas an upside deceleration in price is bearish ii.) A downside acceleration in price is bearish whereas a downside deceleration in price is bullish. #It should be noted that although an upside acceleration in price is bullish, the uptrend may not be self‐sustaining if the rate of ascent was excessive. Such rapid increases in price usually end in a blow-off or buying climax with prices subsequently collapsing. Similarly, downside acceleration in prices may also end in a selling climax. 7. Frequency and Depth of Trend-Based Oscillations When a trend moves with reasonable retracements not too short and not too big, it indicates a healthy trend which has profit taking along the way as the trend unfolds. Traders and investors tend not to react as emotionally and irrationally at higher prices where the risk of losing pent‐up and unrealized profit is greater. 8.Relative Measure of Consolidation Size and Duration Trend interruptions are more significant if: ■ Price formations are of greater magnitude (taller chart patterns). ■ Price formations develop over a longer period (wider chart patterns). Larger trend interruptions normally tend to lead to a greater probability of a reversal. In a strong uptrend, a larger head and shoulders formation would be deemed more bearish than a smaller formation. Similarly, a larger rounding bottom formation would be more bullish than a smaller one in a downtrend. In short, size takes precedence over form. Moreover, the longer it takes for a consolidation to unfold, the greater will be its disruptive power with respect to the trend, should a reversal occur. By considering these characteristics while analysing trend will give a in depth insight and helps in making more informed and rational decisions. I Hope you found this helpful. Please like and comment. Keep Learning, Happy Trading!
MCX:GOLD1!Education
by SANJAYPATIDAR_
40
The 2022 TradingView Community AwardsHey everyone! 👋 🥳 Welcome to the 2022 Community Awards! 🥳 It’s that time of year again, which means it’s time for us to shine a light on some of the best content shared on TradingView in 2022. Roll back the clocks with us as we dive deep into the best trade ideas, educational posts, and videos that you shared on our network. Without further ado, let’s jump in! Starting us off, here were the top 3 most popular written trade ideas (by likes). TeamTaurus, with their idea “Nifty Prediction” Wolf-AD7, with their idea “The Bitcoin Cycle: A guide to time the next major entry” Here were the top 3 most popular educational ideas: RK_Charts, with their idea “How and when you should apply which Option strategy” Chaser30, with their idea “'Verse' of 'Reverse' Candlestick Pattern” johntradingwick, with their idea “How to find High Probability trades?” Here were the top 3 most popular Video ideas: piyushrawtani, with their idea: “Gap up/gap down intraday strategy with simple entry/exit” priceNpedia with their idea: “HCL Tech: Coming out of downward channel” StockEngineers_ with their idea: “Volume Analysis Series Part-3” Here were the top 3 most popular scripts: mallu-trader, with their script “ADR + CPR By MT” bharatTrader, with their script “Alpha-Returns” VinayKumarKV, with their script “Super Scalper - 5 Min 15 Min” Here were the top 3 most active streamers of 2022 (by # of streams)! Be sure to check them out: 🥇 Stoxway 🥈 SathishChandrasekaran 🥉 AlphaBulls And finally, the honorable mentions. These were users who were selected by a bunch of different criteria, impressed the editors, and had at least one idea selected for Editor’s Picks. Please put your hands together for the following awesome community members! 🥇 Bravetotrade 🥈 TRADEWITHFUN247 🥉 Charts_insiders And there you have it! Our 2022 community award winners. Think we missed a good user, idea, script, or comment? Let us know in the comments below 😎 Let’s all have a fantastic 2023 together. -Team TradingView ❤️❤️
NSE:NIFTYEducation
by TradingView
18
UltraTech Cement - Retest of head and shoulder patternCurrently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area. We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted. On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur. for volume analysis "Wave Volume Divergence" Indicator has been used. My analysis is solely for study purpose; I am not a Sebi registered individual. If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
NSE:ULTRACEMCOLong
by AfnanTAjuddin
15
RELIANCE: Head and Shoulders BreakoutTHEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline. May 29 TRADING STRATEGY: GO SHORT WITH SL OF 2590 & LOOK FOR THE TARGET OF 2460/1365 IN THE COMING WEEKS. NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 2632 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
NSE:RELIANCEShort
by TradingSutra
18
MULTIBAGGER 2023---DB CORPMULTIBAGGER 2023 -- MONTHLY CHART SETUP --DB CORP 1. DB CORP seen Bullush monthly chart setup at current level so as pick potential multibagger year 2023 2. Monthly Resistance breakout seen on chart above 120 level 3. currenly trading at upper channel 4. Golden cross 44,200 hma seen since stock trading uptrend , above 44,100,200 HMA 5. RSI above 60, above wma, RSI & ema positive crossover seen , currently RSI at 60.55 Strongly Bullish 6. Potential upside 40-50% from current level in year 2023 7. Entry 120-130 level Target 150-175-200 stop loss 100 THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk ! HAPPY TRADING ......WISH ALL HAPPY & PROSPEROUS NEW YEAR 2023
NSE:DBCORPLong
by champtrade111
42
How to trade doji candle like a legendhello everyone, It's been a long that we haven't discussed anything here.. so our today's topic of discussion is how to trade/play with signs similar to Doji/ dragonfly/hanging-man etc so we know the sign very well. we are referring here to the candlestick pattern, where there is some conflict between buyers & sellers & both keep trying to push/pull each other resulting in forming a candle where we usually see a small body candle having wicks on both sides. so our next question is how to trade them.. 1. Trend: before trading such patterns the trend should be known very well. 2. Once we have got the trend then wait for the small body candle. 3. Once we have got the candle, mark the high/low of the prior candle of the doji candle. 4. Wait for the next candle to form after the formation of doji candle. 5. once, the marked candle high/ low is breached on a closing basis you are all set to go! examples shared Example -1 Example-2 Example-3 Example-4 Example-5 Example-6 Example-7 Example-8 Example-9 I have shared multiple examples regarding the same & hope I be able to add some logic also.. Please note time frame must be kept the same while analyzing this setup. I have shared entry & stop-loss levels only. will share stop loss technique in another post Thanks for reading!!
NSE:WHIRLPOOLEducation
by ShubhamKatiyar
13
BankNifty - The Last Move / Idea for 2022Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Wishing You All A Happy & Prosperous New Year 2023 !!! Short Video on Bank Nifty - The last move or idea for year 2022. Last Price - 43115 Trading Strategy Plan A - Important Support Zone 42900-43000 Index taking support close to this zone, we expect upside bounce 43500-43600 zone Plan B - Important Resistance Zone 43500-43600 Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone Plan C - Breaking Support Zone 42900-43000 & Holding below Index while returning back if breaks 42900-43000 then we expect 42500 downside Plan D- Critical Support Zone 42400-42500 if breached on downside Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022 --------------------------------- Last Ideas Published --------------------------------- 23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600 26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
NSE:BANKNIFTY
by WaveTalks
38
Introducing Minds! 5 Things you need to know.Social media has evolved to become an essential tool for traders and investors. Staying up to date with market narratives, sharing and reading top ideas, and directly collaborating with others all serve to make the medium an extremely important part of the research process. That’s why today we’re thrilled to announce the next step in that evolution - Minds! In today’s post, we’re going to highlight a few ways to use Minds to improve the way you follow, share, and chat about your favorite symbols. After all, in markets, information is everything and this is another tool to build into your workflow: 1.) Think of Minds as a feed created by your peers – full of their opinions, notes, and shared news topics, all relevant to whatever ticker you’re currently looking at. 2.) Minds can be used to quickly measure the general sentiment for any symbol. Ask yourself what people are talking about and if it’s bullish or bearish. 3.) Accessible from any symbol page, or from the right rail (with the thought bubble icon), this unique format allows you to chat with other members of the community alongside your chart. Watch the chart and social conversation at the same time. 4.) Want feedback about a specific symbol? Head to the Minds feed for that symbol and share your questions or comments. Other traders will eventually see your posts on the Minds feed. They can then comment, upvote, and downvote to let you know what their initial reaction is. This feedback can be used to improve your understanding of a symbol. 5.) Minds can be used to quickly catch up on all the news about your favorite symbols. Head to a Minds feed and examine what people are saying. Is there breaking news? Links? Charts? Something else? Over time these feeds will become essential newsfeeds for you. Minds is currently in beta, so please send us any feedback you have! Know that we are working diligently to improve it. Finally - while Minds is open to all users to read, follow, and vote, only paying members (Pro, Pro+, and Premium) can currently post to the Minds feed and leave comments, similar to the other social tools on our site. Let us know how you like it, and get out there and post your first Mind today! Happy Holidays! 😎🌲 -Team TradingView ❤️❤️
NASDAQ:AAPLEducation
by TradingView
4
A pill for missed opportunitiesPrevious parts of the post: Part 1: My Three Comrades: the Chart, the Screener, and the Watchlist Part 2: Two captains of the same ship The market is an element we take for granted. It can't stop when we're busy doing other things, and it can't work if the stock market is off and you personally have work days. The small investor's impact on the market is close to zero. Some may not like it, but I see it as a big plus. I'm not the only one. Even Peter Lynch wrote about this . It is because of our size that we small investors have the ability to get the best buy and sell prices on stocks. Just imagine an elephant and a mouse trying to drink water from a coffee mug. Who has a better chance? Like the best sales, attractive stock prices don't last long. This also applies to the period of increased stock prices that are interesting to sell. To make sure you don't miss this time, TradingView has an alert service. Why do we need an alert system? For our convenience. Once we have selected fundamentally strong companies, our next step is to keep an eye on their stock price so we can buy them at a price we can benefit from. You remember our strategy, right? Buy rooms in a great hotel, and even during a sale period. How do you monitor these "sales"? You have two options: to monitor the price chart yourself during the trading period, or set up alerts so that if the stock price reaches a certain level, you will receive an SMS message to your phone or email, or a push-notification in the TradingView app (depending on your settings). Agree, this is very convenient. So how do you set up the alerts? 1. First of all, you must open the chart of the stock you are going to configure the alerts for. 2. Then click on the "Alert" button at the top toolbar of the chart. 3. Set the alert parameters in the settings menu. How do I read the settings in this picture? If the Apple stock price is less than $130 per share, I will receive an alert every minute, all the time the stock is trading below $130. The alert I will receive will contain the following message: AAPL Less Than 130.00 If you don't want to get an alert every minute, set the trigger to "Only Once". 4. In the "Notifications" tab, you can configure where the alerts and the sound will go. The system of customized alerts will allow you to use your time effectively. You will not be chained to the monitor and you can calmly wait for the cherished message. In the picture you can see that alerts can come as: - push notification to your phone (if you have the TradingView app installed); - a pop-up window on your monitor; - a letter to your email address; - a message to a web address (advanced feature for developers); - SMS to your phone, but via email (i.e. your email service must have the ability to send copies of emails via SMS). As for my investment strategy, it's quiet enough to work on it even without alerts. Mr. Market doesn't often come with insanely interesting prices, so it takes time to get to the target values. It's like waiting for an astronaut from the Moon: he can't return to Earth in a day, you have to wait patiently, with the occasional peek at the situation. So, I'm concluding my series of posts dedicated to the basic functions of TradingView. I advise you to "play" with the platform for a while to get used to it as quickly as possible. In fact, it has a lot of features that you will discover over time. For now, that's it. In the following posts, we will begin to examine perhaps the most important aspect of an investment strategy, which is fundamental analysis. Get ready, here comes the part that will require the most concentration. But then you will be able to navigate this topic with ease. See you next time!
NSE:TATASTEELEducation
by Be_Capy
4
'SANTA' of the 'TRADERS'This publication is dedicated to thanking the 'Santa' of the ‘Traders’ i.e. the 'Stock Market'. The lessons given to us as a gift of the market, not only help us to succeed in the stock market but also helps us throughout life. This 25th December i.e. Christmas let’s thank our 'Santa' and have a detailed look at 5 Great Gifts of the Stock Market and thank her for these life-awakening gifts. -> Discipline: The most important teaching in markets is discipline. As the wording of Jim Rohn states “Discipline is the bridge between goals and accomplishment” stock market develops that bridge. The market has its way of teaching and punishing, I think all of us had witnessed its punishment whether in form of not keeping stop loss or not following your trade system. Discipline plays a vital role in an individual’s life. As said by Horace “Rule your mind or it will rule you. ”The disciplined person has the power to rule his mind whereas others lack this ability. -> Patience: Another gem cultivated by markets in our personality and harvested by us throughout life. One of the familiar names of our school time Benjamin Franklin says “He that can have patience can have what he will.” market first teaches this gem to us and then offer us what we wish. We all have at least once missed taking the real profit by not waiting till the target is achieved but leaving the trade in midway though it was moving in our direction the reason is we lack patience and the market gives profit only to eligible ones so, either you be eligible or market will make you fit for it by its way. -> Ability to conquer 3 gateways of hell: According to ‘The Bible’ there are 12 gateways to hell and among them, the most dangerous are Lust, Greed, and Anger. The market helps its students in conquering those strong emotions. The beginner in the stock market has a strong lust for making money very quickly and greed for making lots of money without that kind of effort and when he fails in his motive anger gets born in his personality from where degradation or hell starts. Those few people who still have not left the hands of the market get the knowledge to conquer those emotions throughout their journey in markets. -> Faith in yourself: One of the famous quotes by Ralph Waldo Emerson is “The best lightning rod for your protection is your spine.” market strengthen that spine so that we as its student can withstand any kind of storm in our life. Taking any trade based on your analysis requires self-belief on the early days people hesitate but later they rely on their analysis because the market has taught them self-belief. -> Crush your arrogance: Market is popular in crushing the arrogant guy along with this removing any trace of arrogance in his personality. The famous wording says “Close some doors today. Not because of pride, incapacity, or arrogance, but simply because they lead you nowhere.” market as a kind teacher keep a keen eye on her student for arrogance as she knows that as soon as arrogance arises person starts his fall. All of us had witnessed that whenever we start thinking that we have mastered markets and try to neglect discipline market slaps us badly to awaken us that we are still newbies and still had to learn a lot. I believe these 5 are the most valuable gifts of the market but if you have any gift of the market much valuable in your life please mention it in the comments. Finally, Merry Christmas to all my trader mates. The stock market gives success only to eligible ones so, either you be eligible or the market will make you fit for it in its own way.
NSE:NIFTYEducation
by Chaser30
6
Gap Trading Combined With Supply & Demand ZonesWhat Are Gaps? Gaps are nothing but Price of a Stock moving up and down sharply with no or little trading happening between the previous days close and current days open. Gaps show an ultimate picture of imbalance between supply & demand. Gap formations are due to many fundamental and technical reasons. Most common example, when there is an announcement of company earnings. Gap Up or Gap Down is imminent the next trading day due to positive or negative news. A trader can profit from gaps provided he/she can identify the type of gap and its location with perspective to Institutional Supply & Demand Zones. Gap Trading Strategy using Supply and Demand Zones A lot of traders are fearful of Gaps and see it as a threat & aren’t comfortable carrying positions overnight. However, for a professional Supply Demand Trader, these Gaps aren’t threats on the contrary they provide high probability trading opportunities, when combined with Supply & Demand Zones. Four Gap Structures That We Look At: 1. Inside Gaps 2. Outside gaps 3. Novice Gaps 4. Professional Gaps 1.How to Identify & Trade Inside Gaps? Inside gaps are created when Price Opens between the prior Day’s High and low. Often these gaps fill quickly on the same day. Inside gaps can be mainly used for quick intraday trades, provided they happen at strong supply & demand zones. Gap Up into a strong Supply Zone provides a good short opportunity, whereas Gap Down into a strong Demand Zone presents a good long opportunity. Let’s see an example: 2.How to Identify & Trade Outside Gaps? Outside gaps are created when Price opens beyond the Prior days High and low. These gaps generally do not fill on the same day. They indicate the establishment of a new Trend or the continuation of the existing one. One must wait for quality Supply & Demand Zones to form after the gap and wait for a pullback to join the new move. Let’s see an example: 3.How to Identify & Trade Novice Gaps? When price gaps in the same direction of the current trend, then it is called a Novice Gap. Novice gaps as the name suggests are created by novice trader emotions and are excellent opportunities to find high probability trade setups. Gap Up or Gap Down after extended moves into quality areas of Supply & Demand, offer us high probability Short & Long opportunities respectively. Let’s see an example: 4.How to Identify & Trade Professional Gaps? When price gaps up in the Opposite direction of the current trend, it is called a Professional Gap or a Pro gap. Pro gaps represent a significant imbalance between Supply & Demand. Pro Gaps generally occur after extended moves in one direction, taking the amateur traders completely by surprise. They generally bring about trend change. Pro Gap Down & Pro Gap Up form high probability Supply & Demand Zones. Pull back to these zones provide us with opportunities to enter at trend change points. Let us see with an example:
NSE:CUBEducation
by MAKTradingSchool
16
Nifty: At 50 day EMA and my trading viewNifty In my last take on Nifty futures when it was at 18687, I had given a target of 18258. I exited from the trade in Futures very early ( I too am human and can get scared sometimes) and then went with some Call short position for better risk management. If you see the Nifty Futures chart now... Nifty futures made a low of 18231 / 18223 and so far has managed to stay above 18258 odd levels on closing basis. (400 plus points... Not bad to get the levels right at least from analysis angle) Coming to Nifty Spot chart we see 50 day EMA at 18191 and Nifty managed to stay a tad above so still there is hope for the Bulls for a late Santa Claus rally. Put Call Ratio is at 0.61 Given the set up, and data parameters, I would not consider any short positions for now. My trading setup: I would consider taking a bullish stance for the next 1 - 2 week with 18114 / 18080 in Nifty spot as my SL. If I see things favorable (on the downside Nifty should not breach 18114 -18080 levels), I would consider selling Put options as it provide some margin of safety. On the upper side if Nifty manages to take out 18244-18262) on hourly chart, I might consider some aggressive bets on the long side as well with 50 day EMA or 18178 as my SL . Pharma sector showed some promise today and could be the dark horse going forward. Keep a watch on the sector. Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYLong
by indiamarketoutlook
10