Scanner scans - Rpower, PrincepipeRpower showed up on the scanner and gave handsome 12% returns in few days.
Now Princepipe and VIPind has come up.
Lets see how this goes.
SPARC which did show up on the scanner is just passing time and not doing anything, hasn't hit the SL or TGT but I got out of it with minor gains and then employed the amount in Rpower.
Swingtrading
Testing out scanner - RHIMAfter I stopped F&O altogether as I was not able to get a handle on it and generate consistent returns, I had decided to focus on cash market. For that I had created a simple scanner which would show up stocks which have come up above their weekly high but are still below their 50 day MA. Details of what stocks came up and how they and I performed is what all the video is about. Watch it to see my journey.
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
Real Jackpot - SME IPOAfter trying to see what works for me and what not, trying various intraday, swing etc on different stocks and derivatives (and still unclear what's going to work for me), I stumbled upon the IPOs, specifically the SME IPOs.
Just look at the listing of these SME IPOs..... what a staggering gains they give on listing. SEBI had to actually come up with a restriction of 90% listing for these SME IPOs.
Only if there were some kind of sure shot way to get an allotment....
NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024
- Trading outside the channel as of now
- The Resistance & Support Zones are marked out
- This should help choosing our Swing Trades as well
If you are in FOMO:
- Then ensure to choose stocks that are at Weekly support levels only
- Do not jump into falling knives which are away from their support levels
Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades.
* Disclaimer