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Holding Onto a winning trade.
With Actual trade example.
As promised, putting out this thread to Explain importance of riding a winning trade.
1/n
Share & RT for sure if u find value addition. Have taken so much of efforts to write this one.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎯" title="Direct hit" aria-label="Emoji: Direct hit">
Holding Onto a winning trade.
With Actual trade example.
As promised, putting out this thread to Explain importance of riding a winning trade.
1/n
Share & RT for sure if u find value addition. Have taken so much of efforts to write this one.
Will keep this simple. Whenever you& #39;re in a trade, Ask yourself 2 questions.
1) Is this a & #39;Trending& #39; move or just a & #39;Scalp & run& #39;...?https://abs.twimg.com/emoji/v2/... draggable="false" alt="💹" title="Chart with upwards trend and yen sign" aria-label="Emoji: Chart with upwards trend and yen sign">
2) Pullbacks - Is this & #39;just& #39; a retest or Sign of reversal.https://abs.twimg.com/emoji/v2/... draggable="false" alt="↩️" title="Leftwards arrow with hook" aria-label="Emoji: Leftwards arrow with hook">
3) Where is a Possible Exit point from Scaling in & Out Perspective.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔄" title="Anticlockwise downwards and upwards open circle arrows" aria-label="Emoji: Anticlockwise downwards and upwards open circle arrows">
2/n
1) Is this a & #39;Trending& #39; move or just a & #39;Scalp & run& #39;...?
2) Pullbacks - Is this & #39;just& #39; a retest or Sign of reversal.
3) Where is a Possible Exit point from Scaling in & Out Perspective.
2/n
How to decide if it& #39;s a Trending day or Scalp & run day.
(These can be Pivot S/Rs, Trendline zones, Fibonacci levels, etc)
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4/n
Most Reversals will Happen at Crucial Supports & Resistance zones only. So, if you& #39;ve an open Position, Scale out slowly at these points & wait for price reaction here.
5/n
Again this point includes most probable areas that could stop the momentum. Say Pivot Points, PDH, PDL IMP Support n Resistance. Try to scale out some Positions here.
& Decide the next decision Based on PA.
6/n
Sitting tight on a Profit is no joke in reality.
You need to have Enough patience thru the pullbacks, that reduces ur unrealized gains.(talking abt Trending move)
7/n
The live MTM Can Hijack your mind in ways u can& #39;t even comprehend.
So, Better Focus on Chart
8/n
Staying in a winning trade & Getting Out of it only when It& #39;s necessary & not just Bcz & #39;you want to& #39;.
Let& #39;s Go thru. the winning trade that I made last month that did the job of weeks for me.
Here& #39;s the Detailed Trade.
https://twitter.com/arunjagtap007/status/1247838478068404224?s=19
9/n">https://twitter.com/arunjagta...
Day is 8th April 2020.
First instance of long
But, I need Confirmation from VWAP to Decide If it& #39;s a Winning trade or Not.
10/n
Now, to Explain the Process of Psychology behind these trade. I& #39;ve to Pullout some Screenshots from #TheLearningProgram that day.Day is 8th April 2020.First instance of longhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⭐" title="Medium star" aria-label="Emoji: Medium star">Bounce off Pivot.But, I need Confirmation from VWAP to Decide If it& #39;s a Winning trade or Not.10/n" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle">Now, to Explain the Process of Psychology behind these trade. I& #39;ve to Pullout some Screenshots from #TheLearningProgram that day.Day is 8th April 2020.First instance of longhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⭐" title="Medium star" aria-label="Emoji: Medium star">Bounce off Pivot.But, I need Confirmation from VWAP to Decide If it& #39;s a Winning trade or Not.10/n" class="img-responsive" style="max-width:100%;"/>
Next step was to watch it& #39;s behaviour around VWAP + OR High.
Both Got Cleared + Volume was huge.
Great. It& #39;s 100% winning trade. Gotta stay as long as trend lasts.
Now, the 8800CE I bought @ 82 is 180+
Obviously, there are emotions.
But, I know know & #39;Retest is must& #39; here.
11/n
Both Got Cleared + Volume was huge.
Great. It& #39;s 100% winning trade. Gotta stay as long as trend lasts.
Now, the 8800CE I bought @ 82 is 180+
Obviously, there are emotions.
But, I know know & #39;Retest is must& #39; here.
11/n
But, my main Edge came to help here.
The 8800CE Which was at 180+ came down to 130 within 3 minutes.
I know that lots of chunk of my Greens is eroded. But, I& #39;m focused on chart. So I don& #39;t care. Bcz, It& #39;s & #39;just an OR Retest& #39;
12/n
Retest Done here. But, my main Edge came to help here.The 8800CE Which was at 180+ came down to 130 within 3 minutes. I know that lots of chunk of my Greens is eroded. But, I& #39;m focused on chart. So I don& #39;t care. Bcz, It& #39;s & #39;just an OR Retest& #39;12/n" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle"> Retest Done here. But, my main Edge came to help here.The 8800CE Which was at 180+ came down to 130 within 3 minutes. I know that lots of chunk of my Greens is eroded. But, I& #39;m focused on chart. So I don& #39;t care. Bcz, It& #39;s & #39;just an OR Retest& #39;12/n" class="img-responsive" style="max-width:100%;"/>
So, I& #39;m specifically looking for certain Parameters in PA to Stay in this trade.
(Obviously the SL is Trailed @ much higher price than C2C, so Fear factor is gone)
After successful retest, Price Broke PDH.
13/n
Most of You& #39;d know 50 Points in NIFTY Options is no joke.So, I& #39;m specifically looking for certain Parameters in PA to Stay in this trade.(Obviously the SL is Trailed @ much higher price than C2C, so Fear factor is gone)After successful retest, Price Broke PDH.13/n" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle">Most of You& #39;d know 50 Points in NIFTY Options is no joke.So, I& #39;m specifically looking for certain Parameters in PA to Stay in this trade.(Obviously the SL is Trailed @ much higher price than C2C, so Fear factor is gone)After successful retest, Price Broke PDH.13/n" class="img-responsive" style="max-width:100%;"/>
At this Point, As the Price moved higher, I& #39;ve Trailed the SL Much higher & it& #39;s a super Profitable trade now.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle">Final Step, need to take care of Exit.
So, looked at Various data points of OI & PA. & Finally Noticed Strong Resistance at Pivot R & Exited.
14/n
So, looked at Various data points of OI & PA. & Finally Noticed Strong Resistance at Pivot R & Exited.
14/n
Final Step, need to take care of Exit.So, looked at Various data points of OI & PA. & Finally Noticed Strong Resistance at Pivot R & Exited.14/n" title="At this Point, As the Price moved higher, I& #39;ve Trailed the SL Much higher & it& #39;s a super Profitable trade now. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle">Final Step, need to take care of Exit.So, looked at Various data points of OI & PA. & Finally Noticed Strong Resistance at Pivot R & Exited.14/n" class="img-responsive" style="max-width:100%;"/>
Perfectly, Rode the Trend from 82 to 312 for almost 4X.
& Initial SL was only 15 Points here. So, RR becomes like 1:15
15/n
Trade -
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle"> Final Outcome --Perfectly, Rode the Trend from 82 to 312 for almost 4X. & Initial SL was only 15 Points here. So, RR becomes like 1:15 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌟" title="Glowing star" aria-label="Emoji: Glowing star">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌟" title="Glowing star" aria-label="Emoji: Glowing star">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎯" title="Direct hit" aria-label="Emoji: Direct hit">15/nTrade -" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🟢" title="Green circle" aria-label="Emoji: Green circle"> Final Outcome --Perfectly, Rode the Trend from 82 to 312 for almost 4X. & Initial SL was only 15 Points here. So, RR becomes like 1:15 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌟" title="Glowing star" aria-label="Emoji: Glowing star">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌟" title="Glowing star" aria-label="Emoji: Glowing star">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎯" title="Direct hit" aria-label="Emoji: Direct hit">15/nTrade -" class="img-responsive" style="max-width:100%;"/>
So, To summarise, if u want to hold a winning trade in Best ways Possible, Better get command on Psychology in live market first.
Follow the steps mentioned in first few parts of the thread. & Thank me later.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤗" title="Hugging face" aria-label="Emoji: Hugging face">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⭐" title="Medium star" aria-label="Emoji: Medium star">I hope, this thread will add tremendous value for you.
Thanks
Follow the steps mentioned in first few parts of the thread. & Thank me later.
Thanks
