naveenasivaprabu.github.io

Trading Tips from Group

Mariappa Brother

Tips to new members

To all new members… please understand that trading is not a place for easy money.

It needs lot of experience and and dedication to read chart and and react quickly when trade goes on opposite sides. Please invest time with charts and choose a trade plan first.

Your trade plan should contains

- Entry range
- Entry price
- Risk
- Reward Ratio
- Risk capacity
- Exit point
- Profit point ...and few more things.

If you satisfied with all,then only u should enter into a trade.

Please observe market for few days and learn to control your mind during volatility…

Till u get confidence don’t trade,once you get confidence then trade in cash.

One you successful in cash..

Then only you are allowed to trade in FNO.

Remember Warren buffet hadn’t become rich in overnight…

Once Lossed

  1. List down all loss trades
  2. Check your entry range and signal time
  3. Note down your entry time n price.
  4. Check the time when u booked loss
  5. Check the chart at what time the call turned profit
  6. Analyses what went wrong for u during the entry to exit time
  7. Note all the points that coming up in your mind at this stage (stage 6).it can be very silly.but note down.
  8. Sleep well and follow below steps next day.
  9. Read all comments and segregate all the comments in few categories like incorrect entry, incorrect prediction,lack of patience,False signal,Trading system failure,Broker software issue, forgot/missed to book the profit etc.
  10. Find the root cause of loss
  11. Make the reaction plan on find how to eliminate all above category.
  12. Don’t repeat the mistake
  13. Start trade with refresh mind..

Points to become successful from a loss made trader.

Flash Trade

I don’t wait for big tgt…book 5k in 10-15min it’s called flash trade. So u can easily get those movement in liquidity stocks… No need to hold position for many days. Holding a position sometimes become a nightmare😝..then why to hold? simply book n look for new trade… Simple

Our trade rule is always same…no changes so far..

Sometimes you may be confused with entry…at the time remember below important points.

  1. For buy trade it is good to take trade when the price break the buy entry from low.

  2. For sell trade it is good to take trade when the price is falling from high and breaks below the sell level.

  3. Our candles are 5min and 15min only..based on your targeted pts you decide which candle to follow (this rule only applies to whom can’t decide what timeframe to use)

  4. For jolly trade u should see in chart that price is moving between any two lines…in trend.. jolly trade not allowed

  5. Dont try to trade in all moves…. restrict yourself with your own rule for trade..this rule can be ignored once you become good in selecting right trades.

  6. when u see 2 red candle closed below your buy line(after you took buy)..then you can consider that more possible to hit your buy SL…so instead of waiting for SL hit..you can book loss at 2 candle close on opposite side.

  7. Candle closed ABV then line for buy trade…but 2 nd candle closed near T1…in this condition ignore entry…and wait for T1 line to cross…you can take buy ABV t1(candle close not necessary)

  8. Only wick formation can’t be considered as breakout for entry/SL…This u will learn only by experience/practice…no other short cuts😊

Hope these points will help you to decide…

If you have still any doubt.. go n watch the video again..(don’t ask me 😂)

Reverse buy:

Look if SL not hit and moving ABV buy levels,then place system order one pt ABV the levels…book at T1,t2 based on proper TSL.

Double shot:

Look for reverse buy SL hit..then place 2 lot system order at given levels..book at T1 one lot.. another lot at t2. If going up and SL not hit ..then again short at given levels.book T1 or previous low.

Buy :

Look for 2 greencandle close..once closed,,enter opening of 3rd candle..or wait for the price to come to buy range…then take trade.. otherwise ignore that entry.

If u missed buy entry..then don’t worry..place system order ABV one pt of buy T1. Book at t2 or t3

Sell:

Vice-versa of buy

Which reverse trade(SL hit) will be effective?(applicable for buy ABV n sell below only) When in trend..once buy activated..it has to achieve atleast t2.some cases it will not touch t2 rather will hit SL..at that time,you can consider for reverse trade.(sell 1 pt below SL).

Vice versa for sell.