ProdigalTrader (@ProdigalTrader) header
ProdigalTrader (@ProdigalTrader) profile picture

Strategic Acquisitive Trader ๐Ÿฟ Not a Fraud Neither a Saint โ™ป๏ธ #Prodigals_Private_Pride๐ŸŒน Did Not Even See SEBI ๐Ÿ˜‰ Pleasure, Peace, & Profit (For Myself) ๐Ÿช™

Joined June 2010
Replying to @OmkarBanne
small cap outperforming mid and micro caps in last 60 days. And one must look for those COs from realty, energy, and public sector stocks !!
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Replying to @TradinExplained
๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ
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What type of content have highest acceptance in Twitter??
32%Strategies and Scanners
20%Educational threads
18%Hatred and negativity
30%Memes and Jokes
553 votes โ€ข Final results
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Replying to @vitu035
Trading journal Start with entry, SL, target and logic for each levels. Save the chart with observations too. Later u can add average winner/loser, win rate, number of big winners etc etc. U will know what to add once u start from simple basic parameters
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my method is if increased volume is already into the signal bar which signals entry, i go with market order in other cases where demand needs to come in later, price tends to revisit upper half of signal bar, limit order gives better entry abd rarely it miss
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Replying to @equialpha
its a monthly chart. It will take very long time to bring its consequences. More over to confirm that supplu, there must be a close below the red bar two months back. Till then with this huge volume from 2020 March, it will evaporate anything against it
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Replying to @Somnath902
Here is my reading Somnath #RSWM
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Replying to @sarosijghosh
Depends on the tool. Suppose u use Supertrend, its takes (H+L)/2 or u use Chandelier exit/chade kroll stop, it uses swing H/swing low u may choose, but u choose it with its own fate as well. BCZ nothing is perfect. thats theortical Practically, backtest both & choose the better
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Price, Volume, Momentum Volatility HTF trend Index bias Trend in top 10 stocks These are the factors i consider to make ranking to measure trend strength
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Replying to @hardikppatel
I trade in 3min TF. But trade only when a trade signal generates in 15min TF. Means i bet in higher TF trend and avoid counter trends. Yet it gives only 50-60% correct decisions. No matter whats the method u choose, irregularities cannot b removed beyond a certain point
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Replying to @Somnath902
In my trading Discretion applies only on whether to take trade or not. For that i have a ranking system. Whenever a signal gives rank abv filter level, I take the trade. All other rules are objective and fixed
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Replying to @Nikhilan93
That doeant really matter. I chose a few ones from some yoga friends, gym instructor friends and physiotherapists with a condition that it should refresh me, not exhaust me.
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๐Ÿ‘๐Ÿ‘ Yes, conceniently choose to be democratic with posting the loses and at the same time does it to their advantage carefully that loses are always kept at prices of a dinner while profits are worth entire restaurant !!
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Replying to @ShivprasadMali
With any sized capital, if u happen to make 2.5% gain on whole capital, u will have to risk nearly 1% every time
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Replying to @PoloniumBiscuit
Complete details of all trading decisions i took from stock selection till exit goes into #TradingJournal which i will analyse periodically to fix any short commmings or loop hiles in my entire methodology
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Replying to @TheProTrader135
"Definitive Guide to Position Sizing : How to Evaluate Your System and Use Position Sizing to Meet Your Objectives" this book by Van Tharp is the complete solution to all kinds of trade management queries. Do not miss it
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Replying to @ambai_paiyan
looking at fmcg sector, i wount say its ready for any kind of upmove Fazil. More over here price is rangebound near to support level, while in the other scrip its near to resistance level where supply is being absorbed. I would bet on KPIT rather than nestle here
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Replying to @harpree53191712
Consider either ur trade size or ur risk amount as a specific percentage of ur capital. Preferably choose risk amount here. Suppose u risk 1% of ur capital in each trade. As the capital grows the 1% amount increases gradually providing u a smooth transformation to higher sizes.
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Replying to @saurabhtiwari31
read these 2 books u will develop unprecidednted insights in trading
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Replying to @TradinExplained
Opinion of 99.99% of people doesnt matter, even their existence doesnt matter at all But with emergence of SM, nearly everyone r experts in everything & they put lots of weight on their opinion, thinking it matters Actually very few people only matters, rest are just no one
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