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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
Options - Best & Worst Trading InstrumentOptions (Index & stock) have been double edged sword. In the hands of experienced traders, it has resulted into multi fold growth of capital but at the same time for beginners or new traders, it has been capital killer. Over the last 5 years, I have had opportunity to speak to hundreds of traders most of which have lost their hard earned money by trading options. Some of them have even gone to extent that they borrowed money from friends or banks to trade and only to lose it all by gambling in options. Lets review some of important factors which has given helped experienced traders earn lakhs or even crore daily from options while most are just losing out their capital. Factors resulting in losses for New Traders. 1. Lack of Technical Knowledge Most of so called traders ignore the importance of Technical Analysis and directly jump into option trading. Most are either following news or tips from various platform with zero understanding of when to trade, when to book profit & most of all when to book loss. Its like jumping into water without knowing how to swim. Technical Analysis understanding is very important as it will give an edge to trader and help them analyze key factors related to entry, stop loss & target. Even though their is no 100% success formula in trading but having correct knowledge can increase your success chances from 50% to 70-80%. 2. Random Trading Random or boredom trading is also another factor for failure of most option traders. Market gives us 1-2 good trading opportunity but many of us are part time traders who want to earn from market based on our availability and do not wish to wait for right opportunity given by market. Some will start the day with proper plan and only to get bored after couple of hours and then they will start trading randomly. 3. No Risk Management The most key aspect for a good trader is risk management. But all new option traders will initiate trade first and then think about SL/Target. They have no knowledge about position sizing and will risk all the capital on a hero or zero trade on weekly expiry. Most of new traders will keep their losing trades with the hope of recovery while book small profits due to fear of losing. 4. Use of High Leverage Unfortunately their are new trading platforms which float rules set by SEBI and provide High Leverage to attract new clients. People with small capital of 10-20K can buy 2-5 lots on an index option which can erode their capital in just 1-2 trades. Leverage trading can accelerate your losses 5-10 times which is another blunder for new traders. 5. Social Media Influence Nowadays we regularly see people making lakhs or crores of profits on daily basis and all social media platforms are full of such screenshots. Many of them may be great traders who are actually making money and others may have just put a doctored screenshot but this influence/attract new traders to directly jump into Option trading with the hope that they will also replicate this success. New Option traders completely ignore the hard work, analysis & planned work done by most successful traders and they only focus on money aspect which is main reason for their downfall. 6. Get Rich Quick Mentality Every one of us want to earn money and have luxurious life. But most of us forget about hard work & practice which is required to reach their. Everyone is now directly jumping into Option trading with mindset to double or triple their capital in a short span without even putting a month of effort. When I have discussed expected monthly returns by most new Option traders, most common answer is 30-40% return on the capital in a month which translate into 350-500% return in a year. When we get 5-6% return in a year from fixed deposits, people are not happy with 5-7% return per month from trading. Experienced Traders on other hand have following attributes which makes them winner. 1. Technical Expertise All pro traders have a setup, strategy or proper knowledge of Technical Analysis which they have practiced over and over again for many years. It is not about having hundred strategies but have 2-3 strategies which you have practiced countless times in Live Market. 2. Trading Plan All good traders have a plan w.r.t. maximum number of trades in a day/week/month. Maximum loss or profit their are willing to take before they close the system. They have understood that it is important to stick to a plan for long term success in trading. 3. Only Trade Right Opportunities Patience is the key in trading and experienced traders knows this well. They wait for stock/index to come to their defined levels & form right setup before they initiate the trade. They are like sniper who patiently wait till all the factors are right to take the shot. 4. Focus on Risk Management Risk management is by far most crucial aspect of trading. Importance of Risk Management is only understood by those who have been in market for some time. Although most think that it is the winning strategy of setup which will earn your money but only few focus on psychology building which include not taking revenge trade, do proper position sizing so that you are not under influence of fear or greed. In the end, I only want to pass the message that Option trading is the last instrument which a new trader should jump into. Anyone starting trading should start with Equity as it has less volatility compared to Options and person can try their strategies for smaller risks. Do you resonate with any of the factors above? Share your inputs on how you have grown to be a successful Option Trader. Thanks Piyush Gupta Learn & Earn
NSE:NIFTYEducation
by Piyush-Gupta
51
GMTUSD : Ascending TriangleSTEPN (GMT) Price Prediction 2022 The above chart of STEPN (GMT) laid out an Ascending triangle pattern, The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern. Currently, STEPN (GMT) is in the range of $0.98137. If the pattern continues, the price of GMT might reach the resistance levels of $1.16571 and $2.18040. If the trend reverses, then the price of GMT may fall to $0.80107 and 0.55366. From the above daily time frame, we can clearly interpret the following as the resistance and support levels of STEPN (GMT). Resistance Level 1 $1.11771 Resistance Level 2 $1.54502 Resistance Level 3 $2.24806 Support Level 1 $0.83766 Support Level 2 $0.53816 GMT Resistance & Support Level The charts show that STEPN (GMT) has performed a bullish trend over the past month. If this trend continues, GMT might run along with the bulls overtaking its resistance level at $2.24806. Accordingly, if the investors turn against the crypto, the price of STEPN (GMT) might plummet to almost $0.53816, a bearish signal.
Long
by TheNewsCrypto
5
Nifty Wave Z of B in progressDetails on chart just for study purpose. Don't jump on trade in advance this is just forecast so relax. In case Nifty breaks 0.618 Fibonacci and goes below 16000 then can consider dip started this has low probability. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
36
AUDUSD:CASE OF ENDING DIAGONAL Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. TRADING STRATEGY: Buy AUDUSD with SL of 0.66800 (clbs) and look for the upside targets of 0.7000/ 0.71000/ 0.71800
Long
by TradingSutra
5
Is the worst over in Bitcoin? (Bearish Flag - Red Alert)If the history repeats itself we are in for another big fall in BITCOIN . When BTC came down to it's major support zone , it consolidated and made a Bearish Flag 1. Once the breakdown happened, it fell almost as much as the pole of Flag 1 and made a low of approximately 17500. I have drawn 4 blue lines (Support 1-4) - all supports taken from the weekly chart (bottom left corner) Now it's consolidating around Support 1 and forming another flag kind of structure ( Bearish Flag 2) SCENARIO 1 - If BTC breaks down the bearish flag 2 (starts closing below 17,500) - we can expect more fall with 14,000 being next support SCENARIO 2 - If the Bearish flag structure fails and BTC start closing above 23,400 level - we can expect an upmove till major support zone (28000 - 32000) range. There is a downward "Trendline" also which will break in this scenario. But after retest it can again come down. Once BTC starts giving weekly closing above the major support zone - that's when we can expect some reversal. Learn & Earn, Dr . Tanya Kumar
by tanya151181
39
How to add alerts on TradingView?Hey everyone! 👋 Alerts are a key trading tool that every trader should know how to use. Check out this quick guide for more information and some secret tips! What are alerts? TradingView alerts are immediate notifications you can set for yourself when the market meets the custom criteria you create. For example, "Alert me if Nifty crosses above 16000". All users can get visual popups, audio signals, email alerts, email-to-SMS alerts, and also PUSH notifications that are sent to their phones. Pro, Pro+, and Premium users can also receive webhook notifications when an alert is triggered. You can also create alerts on prices, indicators, strategies, and/or drawing tools. There are 2 ways to create alerts: 1. Using the Right-click 2. Using the vertical scale Method 1: This is a pretty straightforward way. Go to the price level at which you want to add the alert, then right-click and select "Add alert". Voila! You are done. Method 2: The second way to add alerts is by using the vertical scale (Price scale). If you hover over the vertical scale, you will see a “+” sign. On clicking this sign, you will be greeted with the “Add alert” option. Just click on it and the alert will be set at the selected price level. You can also customise your alerts by using alert settings. Indicator Alerts You can also set indicator-based alerts with predefined conditions like "crossing up/down", "greater/lesser than", and "entering/exiting channel". You can also create your custom trigger settings by using the alertcondition and alert functions. Tip : The alerts can be accessed using the “Alerts” tab which is the second option from the top, on the right toolbar. Thanks for reading! Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter and Instagram for more awesome content! 💘
AEducation
by TradingView
12
Nifty Trade Setup for 13 JUL 2022Nifty Trade Setup for 13 JUL 2022 Nifty is bearishly aligned for the day and at this point of time is expected to open with a gap up around Bearish Reversal Zone. Any rejection trigger from Bearish Reversal & compromise of CPR we can expect Nifty to test the Bullish reversal zone & S1 & may be lower targets as marked. Any Rejection from R1 on opening we can again expecting to CPR & then lower targets. R1 is a strong resistance for Nifty and a break out above that we expect yesterday's Virgin CPR levels to be tested out.
NSE:NIFTY
by RaviChandran_Rajkumar
2
Why It Is Hard To Hold A Winning Position. ?Why It is hard to Hold a winning position. ? ---------------------------------------- Suppose You took a trade ,bought 100 quantity at price 100 , with a SL : 80, and Potential target of 120, Now what happens it goes up to 105 (you think your analysis is good let us wait) Then it come back to 100 went further down till 90 (you thinks it is ok we have to give it room) Then it went up above your buying level till 115 (now your target is 120 you are just 5 points away, what will come into your mind?) Then suddenly sharp selling starts and you got your SL triggered. More or less the PnL whipsaw, take you to the moon and within seconds, it drop you down. The PnL whipsaw creates dynamic changing emotions into your mind. Am I correct or not till now, feel free to comment. ? --------------------------------------------- Let us more about some pre-set emotions which comes out and affect our decision making with open position. 1) Fear of Losing the open position’s profit : See everybody want to win nobody want to see himself of herself as a Loser in the mirror , when you take a trade you always think that it is going to give you profit (subconsciously), with such a biased mind the open position PnL affect your decision making. You get so much attached with the running profit that you start thinking like that it the profit you have already booked and feeling that it is your released profit, now you are “not willing to let it go” because you now attached to it emotionally (psychologically). This type of fear arises from our belief system and past experience developed over previous trades. The social culture, family atmosphere also can be the reasons. “If You think you are a risk taker than you must thanks God , because everybody do not have such brave heart.” Advice: “Let it go”, the open position’s PnL, is not yours, it is the released one that counts. Believe in your system and let the target hit or trailing SL get triggered (SL according to your strategy). 2) Past Experience (Fear intensifies when have a very bad experience earlier) Students approaching me for learning trading psychology ask me why you ask us about our past experience and track sheet, they do not want to recall, but their past experience and the track record tells their complete story , it tells everything what is the problem with their trading , what need to correct immediately what are the strong weak part of their psychology. But why: Because past experience shapes our psychology. If you have witnessed a series of trade where your target is missed by few ticks and you have to book SL. Then you start thinking about your exit style, you think is there any improvement needed. At this point of time you again shift from this strategy to that strategy. If you are trading from a while then you can understand the gains we make are not smooth sometimes great sometimes they are worse. If you think there is a holy grail strategy you will spent whole life searching it, but still remain empty hand. Advice: You have to realise that having continuous losses in a row can happen frequently as, you cannot avoid losing streak, even the professional traders have their losing streaks going for 2 , 3 weeks. You came here not to trade 1 week , 1 month or 1 year , you must have a long term view. 3) Lack Of Clarity : If you are among those traders who always have a very sceptic view about trading, have knowledge and experience but , do not see it as a sustainable business, thinking that you cannot rely on trading income. You will develop a tendency to book early. Because holding a winning position requires a courage which comes from clarity. I met a research analyst managing his client’s portfolio giving trading and investing recommendations to his clients on regular basis for more than 5 years. I asked him why you selling your valuable advice when you can profit from it. You know what he said to me, it is shocking for me he said , Nobody make money in trading. He do not believe in trading business even though having his bread and butter by selling his advice. It is worst how you can sell your recommendations when you personally feel that nobody can make money. Is it not contradictory? Advice: If you do not have clarity about your trading system, you cannot trade confidently and this one thing alone can derail you from your trading plan. So spent time reading, listening to various successful trader, know their story their style, the more you read listen the more you will get the knowledge and clarity. 4) Complacent with the Current profit : I think this is the worst problem happening with you because if you are very complacent you will end up booking very small and losing big ultimately your equity curve will go down slowly. This happen to novice traders who want to make some extra income, they see that open position profit is enough for their one day or two day expenses they close their positions immediately. Note: Have you seen people doing a mediocre job or their father’s small business even they have the potential for a bigger goals. Booking small profit frequently makes us convinced that what we are doing is great because we see a streak of winning trades. Reason: Simple reason of it is than, we tend to apply our day to day life logics here, we are unable to see the potential and avoid systematic approach. Advice: Your strategy is developed according to the profit potential, risk management not for your day today expenses or complacency level. Stay goal oriented make small, short duration goals and see a series of trade at a time not stuck your mind in single trade. 5) Lack of acceptance: When you do not accept loss you will always try to avoid it this is the main reason why people sit tight will their losing position but cannot hold their wining positions. Reason : Arrogance, Confusion, less belief. Advice : You can make profit or loss on a particular trade depends on market situations. Recall this before creating every new position. Just follow you system.
NSE:BANKNIFTYEducation
by TRADEWITHFUN247
26
How and when should apply which Option's strategyHey everyone! 👋 This post is just for sharing knowledge about Future and Options strategies, First of all, one should build view (bias) on market direction, it may be bullish, bearish, sideways, or there may be some events too, like budget day or quarterly results seasons or may be something else, once view is built then what are the ways to apply futures and options strategies are shown in this post. Options trading may sound risky or complex for beginner investors, and so they often stay away. Some basic strategies using options, can help a novice investor protect their downside and hedge market risk. Options trading is meant to provide a process that defines the selling and buying of options by a trader. The options trading strategies are what make up the options trading. There are various ways that a trader can use the options trading strategies to their advantage. Options trading is a great way to increase your returns as an investor. You will be able to generate profits when the market goes up or when it goes down. However, with so many options trading strategies on offer, you may find it difficult to know which one to choose. This post is showing ideas of the different options strategies and help you choose the right one based on your views. What Are Options Strategies? Options are one of the most flexible and powerful way for investing in the stock markets. Investors can utilize stocks in many ways, including buying and holding onto them to long-term appreciation in value or short-term trading to make a quick buck. However, the stock market is huge, and investors can utilize many sophisticated strategies. The first complex strategy is called a call option. Call options are contracts that enable the holder to purchase a stock or other asset at a specific price within a specific time frame. If the price goes above the strike price, the owner can buy the stock at a lower price and then sell it at a higher price. This can result in a great return, but a loss is possible if the stock doesn't move or move in opposite direction. Types of Options Strategies There are four ways to trade options strategies : call, put, spread, and straddle. First, let's start with the call and put. A call is a contract that gives the owner the right to buy a stock at a specific price on or before the option's expiration date. On the other hand, a put is a contract that gives the owner the right to sell a stock at a specific price on or before the option's expiration date. Spreads and straddles are both strategies used to manage risk. A spread is created by buying the same type of option with the same expiration date but with a different strike price. The strike price is the underlying stock price when the option is exercised. A straddle is created by buying an option with a lower strike price and an option with a higher strike price with the same expiration date. Pros and Cons of Options Strategies Just like selecting a stock to trade or invest in, selecting an options strategy can be a difficult task with risks and potential payouts. The pros and cons of options strategies help you decide which is best for your investing style. Pros: - Lower investment costs​ - Stock options can be used as a way to hedge your investment or portfolio risk Cons: - High risks and losses can occur if you don't research your options strategy​ - Options can only be exercised at the expiration date​ Conclusion Traders can use Options strategies to take advantage of both rising and falling prices of stocks. We hope you have gained a deep understanding of what options strategies are this post. See you all next week. 🙂 RK_Charts 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.
NSEIX:NIFTY1!Education
by RK_Chaarts
125
How to add images to your charts?Hey everyone! 👋 Do you know that you can add images to your TradingView charts? That’s right! We have prepared this visual guide to help our awesome users customize their charts by adding images! Sounds good? Let’s get started. 🚀 There are 2 ways to add images to your charts: 1. The good old copy-paste method 2. Using the “Image” upload option Method 1: 1. Open the image that you want to add to your chart. 2. Copy it and open the chart window where you want to add this image. 3. When you are at the chart window, right-click and you will see the “paste” option. You can also use the keyboard shortcuts as per your operating system. (Ctrl + V for Windows OR Cmd + V for Mac) 4. Once you are done pasting, the image will appear on your chart. Method 2: 1. Go to the toolbar on the left side of the screen and select the 5th option from the top. 2. Once you click on it, you will see plenty of options. Just select the “image” option. 3. This option will provide you with an upload window. All you have to do is just click on “choose image”, select the file, and click open. . 4. You can change the opacity of the image using the “transparency” option. If you still need help, try watching this short video tutorial that we made out for you. Thanks for reading! Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter and Instagram for more awesome content! 💘
NSE:TITANEducation
by TradingView
5
Big Fall in CrudeOilThe markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc. Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%. Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from where it fell down. In last month it tried to break the supply zone but it failed. It is clearly visible on weekly timeframe that it couldn't break the supply zone. On the Daily timeframe we can see the formation of Head and Shoulder pattern from which it has broken down the neckline yesterday. Right shoulder was made from the strong resistance at 8850 from where it got rejected twice. It is also forming a downward moving channel. On 4 hour timeframe it has broken down the support with good amount of volume. Today it is moving in lower part of the channel and I think the closing of the candle will be below 8100. The MACD and RSI have turned bearish on multiple time frames. If the price of USOIL sustains below $100, we can see further down move in the coming weeks or months. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
MCX:CRUDEOIL1!
by Immature_Snorlax
15
Why Most Traders Fail? Practical ReasonsAs per my personal experience the following are the most primary reasons for failure in trading - applicable to all types of new traders and all the markets. Well! this is not an exhaustive list but the most reasonable one. 🚩 No Plan of Action Trust me on this one, most traders fail to build a plan of action and fail. It is not only true for new traders but also to those who have been in this market for several years. Even if the latter have ever formulated such a plan, they would have never executed it with dedication. A couple of failures and all planning just vanishes in thin air. The trader needs answer to the following questions: What to trade? How much to trade? When to trade? Why to trade? Is it for intraday or swing trade? How much is the risk? Is risk tolerable? Is risk reward ratio favorable in this trade? Is the trade in the direction of primary trend or against it? If he answers all these questions in advance, he will not have to regret after entering the trade. This would also bring confidence 🦾 in him. 🧐 Tip Seekers New entrants would always look for tips from friends, business channels, broker or paid service providers. I don’t want to get into how this tip system works but I have never seen any tip seeker to be a successful trader. Rather I have seen many traders who lost their entire capital, even before their paid subscription was over. The harsh truth is that there is no shortcut to success in trading. Even seasoned traders have to work hard for making money. So, learning 👨‍🎓 is the first step for novice traders to approach what they seek. 🤑 Get Rich Quick Policy Everyone wants to be rich overnight so that he doesn’t have to work for the rest of his life. This attracts traders to buy penny stocks. What is more attractive than anything, with these stocks, is the quantity that can be bought. A larger number of shares with the available capital. The other thing is profit potential. Buy at 2 and sell at 4, money doubled overnight. Unfortunately, that doesn’t happen very often. Traders buy such stocks for day trade or swing trade but then they keep it for years for one simple reason that these stocks never attracted large portfolios, for some valid reason. For such traders, investment in a sound company would have been a better option 😆 Another very popular instrument which lures traders and has the potential to destroy a trader’s capital at much faster pace is 'Options', especially weekly index options. I have seen people at broker’s floor loosing millions in just few minutes. New traders should stay away from Options and always start small, may be in cash segment. 🥵 Overtrading Overtrading works like a currency shredder machine. Whatever goes in, never comes out in one piece. Its a very common practice among tape readers or those who trade on one-minute chart or less. Remember that you can either take one trade in a day or you can take 50 trades in a day. If you lose the former at tolerable risk, it would not harm your capital much. But if you make small profit after 50 trades, consider it a loss due to costs involved. If you are unable to control this habit, then just start shifting to a higher timeframe after taking the trade. It will help. 🚦 Inconsistency Say you have a plan but you are not executing it on every single trade. Your plan was to take a 1:2 risk-reward trade but sometimes you are taking 1:1 while the other times 2:1. A consistent trader would have a back-tested plan that he executes daily on every trade that he takes, no matter if that’s for a small profit every time. The trader needs to show some consistency in making small money every day/week. If he is consistent in it, then he can increase his position size for more profits and so on. All the above reasons combine together to develop indiscipline. But if you will take care of the above habits, one at a time, as discussed then rest assured that you are on the right track. Thanks for reading. I hope this was helpful 😉 Keep liking and comment for more such posts in future.
NSE:NIFTYEducation
by Bravetotrade
49