Get started

Turtlesoup

An attempt to time the marketThere clearly is fear in the market. In most cases, this is an excellent opportunity to start taking risks aggressively but one needs to have some sort of confirmation in order to make the most of fear. Keep trading like you generally do. Drawdowns are natural just make sure the risk is low enough. It's drawdowns like these that give excellent trade setups. So, make sure you jump on those to recover money asap. If the market doesn't hold, reduce risk, if it does, increase risk. However, don't bet more than 1% per trade.
NSE:NIFTY
by vorayash05
Another big hit in the making?Please do not trade based on my opinions they are not set in stone. I just have high RR but poor accuracy and I am completely open about it. This is just me keeping log of the trade I took and not a trade recommendation. The previous swing high only gives me 1:5 RR which is not my ideal RR as I gun for 1:10. Let's see what happens when it hits target, I might trail SL to BE and let it ride till it goes 1:10. Break of support and bounce backs are the best and I strongly recommend you learn from them.
NSE:DRREDDYLong
by vorayash05
Magic of Mean Reversion (1:15 )Traditional technical analysis focuses on how to trade when a market breaks a significant high or low but never when what happens when it holds up. This is where I come into the picture. I have repeatedly posted these trades because they provide an extremely asymmetric risk reward ratio. During bearish phases, it is important to adapt to the market conditions. It is ideal in the current times to buy low and sell high. If a significant support breaks and then holds up, you can expect a burst of momentum in the coming few days. CEAT has given an exact trade to me once again. When I started writing about trading, I decided to not be charlatan and post anything that I did not believe in. One might see only winners on my page but that's not the truth. Like I have iterated before, I like control my risk reward and not accuracy. This system generates way more losers than you are used to, I would definitely like to add that but the risk reward so huge, with accuracy as less as 10%, it winds up being a profitable system. I personally chalk it up as a personal win. Follow me for more learning ideas.
NSE:CEATLTDEducation
by vorayash05
3
Trading setup for beginnersOne thing that is a problem for novice traders is the lack of repeatable trading setups. Manually scanning through charts every day is counterproductive. One might take a trade just for the sake of it if they do not find anything worth trading. This pattern can be scanned very easily on charting platforms. Lack of patience is very real during early days as a trader. Having a fixed systematic pattern like this is an antidote to lack of patience and bad trades. Whenever the market penetrates the mentioned low and doesn't follow through, one can expect a short time spike in prices that can be capitalized. These patterns tend to resolve themselves within 3-5 days and occasionally make take some time. This pattern is called Turtle Soup/Turtle Soup Plus One. If the market closes above the mentioned low on the same day, it is called turtle soup and if it closes higher the next day, it is called turtle soup plus one. I learned this strategy from a legendary veteran trader, Linda Bradford Raschke, in her book Street Smarts. The trading pattern is explained thoroughly on the chart but if you have any questions, you can drop them in the comment section. P.S. I highlighted the most recent trade because that was the one that I took and the previous examples on the chart may look like a benefit of hindsight, but that is simply to see how the markets reacted and whether this trade would have worked out or not. Past market behavior is very important. *Welcome corrections on the chart if any*
NSE:TECHMEducation
by vorayash05
3