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Showing posts from June, 2021

Why Trading Journal is very important part of Trading activity.

Trading Journal is an excel document that is updated after the market hours once you have taken the trade and it is a mandatory thing for a professional trader to be a consistent and successful trader in the market. Most retail traders don't follow it because of time constraints since they are busy with their jobs and businesses. The rest of the retail traders don't know about it and how exactly it will help them build their mindset and  be a consistent and successful trader in the market. Trading Journal required below things:- All trades you took (Excel file needs to get updated whenever you took any trade,  mainly after market hours by EOD ). Why you took them in the first place. And what all things are running in your mind while taking a particular trade. Did you follow particular rules to take trade and how often you break them. How much profit you make when you are right and for how long also. How much loss you took when your analysis goes wrong and for how long also. Di...

What all Books should a Beginners or any experienced trader must read for Trading & Investing.

Trading Books for Beginners: 1. Japanese Candlestick Charting Techniques by Steve Nison 2. Zerodha Varsity Modules 3. Getting Started in Technical Analysis by Jack Schager 4. Technical Analysis of the Financial Markets by John Murphy 5. Technical Analysis of Stock Trends by Robert D Edwars & John Magee 6. Reminiscences of a Stock Operator 7. Market Wizards by Jack D Schwager 8. Come into my training from by Alexander Elder 9. Secrets for profiting in Bull and Bear markets by Stan Weinstin 10. The Disciplined Trader by Mark Douglas Books on Investing: 1. Common Stocks and Uncommon Profits by Philip Fisher 2. Security Analysis by Benjamin Graham and David Dodd 3. The Intelligent Investor by Benjamin Graham 4. Learn to Earn by Peter Lynch 5. Fundamental Analysis for Dummies by Matt Krantz

What are the basic percentage changes formula in Stock Market.

Percentage changes like: Drop from High Gain from Low % increase/decrease in Index OR Stocks % Drop from High  Formula:- % Drop from High = [ [ Low / High ] - 1 ] X 100 % Gain from Low  Formula:- % Gain from Low = [ [ High / Low ] - 1 ] X 100 % Increase / Decrease in Index / Stocks :- % Change = [ [ Today Close / Previous Close ] - 1 ] X 100 NOTE:- Closing can be Daily, Weekly and Monthly.

Different Types of Traders / Trading Markets & Trading Style OR Followers

Type of Traders: Day Trader (Hold for some hours or EOD) Scalper (Up to a few seconds) Swing Traders (2-3 Days/ Weeks/ Months) Momentum Trader Fundamental Trader (With Technical Analysis) Long term Trader (Up to 6-12 months OR 1-2 years) Investor (Up to 5-10 years OR Lifetime) Type of Trading Markets: Stock Market Commodity Market Bond Market Forex Market (Foreign Exchange) Crypto Market Type of Trading Style/ Followers: Gann Follower Elliott Wave Follower Neo Wave Follower Harmonic Follower Dow Theory Follower Contrarian Trader Virgin Price Action Trader Price Action with Volume only (With or Without Volume Profile) Price Action with various indicators (Like RSI, MACD, Moving Averages, Stochastic, Bollinger Band, EMA Cross, VWAP, SuperTrend, Donchain Channels, ATR(Average True Range)) Trend Follower System Follower (Rules based Trading. Since every trading setup or technique is rule-based trading) Momentum Trading Quants Trading Algo Trading Candlestick Charts/ Ichimoku Chart/ Point ...

How should a Beginners approach to Stock Market Trading related Courses/Classes/Seminars.

 There are two types of Traders: 1. Those who can afford big and expensive courses/ classes/ seminars. -- For them, there is no problem. 2. Those who have a limited amount of capital for courses/ classes/ seminars. -- Can follow the below steps. a) Understand as much as from free YouTube videos and other social media platforms (like Twitter, Facebook, and other Websites). b) Before attending any paid courses/ classes/ seminars - Collect all the queries related to Share Market and get clarification from the trainer. Also, check the same answers from other sources too this will clear all the doubts related to a particular topic and you never have to go back to learn it again. c) Never attend any classes or courses recommended by your friends and relatives. Find it by yourself as per your need and then attend it, after that you'll not blame others to get scammed. d) Validate the course content by comparing it to every aspect. Basically what exactly you want for yourself, not what is d...