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3 Trading Stats that you must haveToday’s topic is all about three trading stats that you must have. If you remember I have spoken about the three step trading methodology in our talks at conferences and seminars. One of the components of the three step trading methodology is the optimisation component. This is when you’re looking at your stats to see how you can optimise your strategy or review your stats, look at what going wrong, what’s going well and what can be improved. In that review, there are a few stats that you definitely must be looking at. The first one is reliability. What this means is basically the percentage of winners to losers. So we are really looking at how many trades actually won as opposed to those lost. For example, sometimes you can have systems where there’s a 40% reliability of winners and 60% losers. Or you can also have systems where you have 70% winners and 30% losers. You can have either one. Usually with swing traders when you’re looking for low frequency and high profitability strategies, the reliability of these reduces because each trade is looking at giving you a higher profit. Let me explain that as we come to the second point. So the first stat you need to look at is reliability of the strategy. Here’s the second point. Not only is it important to look at how many times you’re winning – because that’s not really the whole picture – so the second point is where we need to know your average winner to loser. What we call average win to loss ratio. Basically this is very similar to your reward to risk ratio. One critical thing I must mention is that some traders say that they have to take a 3:1 reward to risk ratio trade or a 2:1 reward to risk ratio trade – that is all expected reward to risk ratio. You need to see how well is your strategy actually performing. That’s the most important point. What we’re then looking at is then we’re looking at the average. We know the actual winners, so how much did they make to the average loss that they made as well. So even though you may have a 40% reliability system, it’s only winning 40% of the time, if your actual win is say £200 to an average loss of let’s say £80, we’ve got about 2.5:1. So we’re looking at average win to average loss and that’s what you need to calculate in your stats. How much is it winning on average to your average loss? The final thing you need to know about stats is expectancy. In terms of expectancy what you’re looking at is basically your average net profit. Your average net profit divided by your average loss gives you your expectancy. What this figure is actually telling you is how much each of your trades is making. For example, if you had 0.5 all it’s saying is that through the expectancy formula and normalisation factor what it’s telling you is that each trade is making you 0.5% profit. Here’s a very quick tip for you, something to think about. If you want to increase that number you need to reduce the loss factor. This is why every single trade you take, the most important thing I keep stressing to traders, is to keep managing and focusing on the risk because the up-side will always look after itself. When you do that, when your average loss is minimal, that expectancy number really starts shooting up. So these are the three things you can look at for improving and optimising your systems to see how well your strategy is doing. First is reliability, second is average win to loss ratio, and third is expectancy. Do look at these stats, read up on them, or even post a comment or email us your questions if you have any challenges in knowing how to come up with these figures. We have trade log journals that measures this with all the formulas in our Traders Essentials Kit. I believe this has been very useful for you to analyse your stats and analyse your strategy performance so that you know how and where you’re going wrong and how to optimize your strategy to push that equity curve into positive territory. That’s the end. So give us your comments, give us your feedback and keep in touch. Until the next time, as we always say, stay disciplined, follow your plan and Trade Like a Master.
Education
by masterthemarkets2010
Nifty View for 23-05-2023In Nifty Upper side 18440 is Important Level and Lower Side 18050 is important level. Previous day Nifty has closed @ 18314. I have small changes in levels as per today movement of Nifty Check Previous Day Level Performance and comment. For any Feedback and Suggestion, please free feel to message us. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:NIFTY
by easi2invest
Bank Nifty Levels for 23-05-2023In Bank Nifty Upper side 44075-44150 is Important Level and Lower Side 43750 is important level. Previous day Bank Nifty has closed @ 43885. Check Previous Day Level Performance and comment. For any Feedback and Suggestion, please free feel to message us. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:BANKNIFTY
by easi2invest
UPL Falling ChannelUPL has been trading in falling channel and is currently near the upper band of channel, price rejection is visible at these levels. The price action behaviour of this channel indicates that we can see some fall in UPL and price could go to 700 & 680. View neglected if price breaks the upper band and sustains. Stoploss for this setup is 768 or conservative traders can use channel break as an exit trigger. As shorting a stock on carry forward basis is not possbile and not everyone has adequate margin future trading so here is some strategy that we can use in options :- Bear Call Spread - use strike price of 800 or above Bear Put Spread
NSE:UPLShort
by karan_bagri
Do fibs actually work ? Fibonacci extension simplified.This is an analysis of Ethereum in which I’ve used trend based Fibonacci extension to find the potential pivot points. Look how many times Ethereum got rejected at the 0.382 fib followed by a break above and a flip of that fib resistance to support. It easily moves to the next target of 3800 $ and found resistance there at 0.5 fib. It’s very useful as a trader and as an investor. To learn how to use fibs and other day trading and long term trading techniques follow me. I specialise in entry and exit strategy.
BITSTAMP:ETHUSD
by TheJackOfSmallTrades
Late night Technical analysis talk - Give me 12 mins if possible👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. 👑 Important levels ( also most of it depends on your entry and mindset during trading hours ) ✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above ✣ Risk of 3% can be taken at the point = 660 points to be specific from entry ✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:BHARTIARTLLong
by Averoy_Apoorv_Analysis
16
How to get 10% in TATAMETALI - Patience is the key 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥 Self-explained chart: All well explained in video with SL, TARGET and How you can wait for a better trade-in it ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
TLong
by Averoy_Apoorv_Analysis
7
Super consolidation breakout - KANSAINER👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥 Self explained chart ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:KANSAINERLong
by Averoy_Apoorv_Analysis
10
How to get 12% using Swing trading in HONAUT - Common sense👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used : 📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness 📌 The supply zone is broken and now converted into a demand zone on those bullish levels as described in the video 📌 Beautiful wedge pattern breakout did and kind of retested too made a bullish closing last Friday too 📌 on 30min TF a good breakout of the consolidation can be trade activation for 10 to 12% from those levels 📌 SL of 3% will be good enough as the buying pressure is making wicks from the downward side 📌 Trade as per your setup now and risk should be well defined and cared too, Good luck :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:HONAUTLong
by Averoy_Apoorv_Analysis
2
Don't miss this 10% in BHARTIARTL👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 📌 Strategy-- ✣Weekly TF making a channel pattern ✣50dema on the weekly chart is amazingly plotted and the chart is sitting there like waiting for a move ✣Day chart, make a fib from bottom to top, you will see the chart takes perfect support from 0.5 and now consolidating there ✣Triangle pattern in making, a possible breakout can be seen :) ✣Let it break and make an SL of 6% reward of 10% to 15% as per your capital and appetite ⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:BHARTIARTLLong
by Averoy_Apoorv_Analysis
19
How to get 9% in AMBER - Full detailed video analysis ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ This is my first video plz share your reviews and comment it will keep me motivated :) ✺✺ Target: 1000 Followers ✺✺ $$lOGIC: ✣ Weekly basis " 30% fib retracement + 50dema support on Week charts ✣ Daily charts breakout of Wedge pattern and sustaining above the breakaway gap, consolidating beautifully above that gap ✣ Trade-in 30mins and 1hr would be amazing as described in the video ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:AMBERLong
by Averoy_Apoorv_Analysis
16
Lets plan to get 6% in RELIANCE with Risk of 1-2%👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 📌 Strategy: A good fall but still near good MAs on D charts ✣Risk in the trade is just 1 to 2% that's the quality of the trade :) thus a little more capital can be used but at your own risk ✣The pattern is like a fall - a consolidation zone with RSI bullish divergence and confirmation of breakout from the zones of consolidation ✣Simply watch the morning of Monday if it gaps down = watch if it breaks the level of 2130 again on 15min close ✣If gaps up but not much about 1% then wait for 15min close and see what is happening ✣The best is if it opens sideways then watch for 15min close if above 2130 a good length is initiated ⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:RELIANCELong
by Averoy_Apoorv_Analysis
4
🔰 Alembic - Potential mover💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ALEMBICLTDLong
by Averoy_Apoorv_Analysis
3