If I Wanted To Make XXXXX/Day Trading, I'd Use This Strategy

(3) If I Wanted To Make XXXXX/Day Trading, I'd Use This Strategy - YouTube Transcripts: (00:00) Long term you build wealth, but Short term you make a profit. When It becomes very easy to make money in the market. Is. Top is near by. Good. so easy There is no money to be made. So difficult too Not there. Otherwise I will not disrobe To the people. So I made good money in 92. Without any knowledge. (00:21) That Savings I Made Three four times that. Good. Yes. I lost all of that. in a span of One month and may be less. in 92 Practically, the market was set down for 30 40 Days Whatever Stock Market Experts Mr. Sandeep Wagle Wagle Saheb Mr. Sandeep Wagle Sandeep Wagle sir, Wagle sir, it is very difficult Done [music] trading right now Wagle sahib what is your chart rating She says I've just seen a lot of people I don't want to criticize but for ₹300 Entry stop loss 270 and target 340 Does it make sense? It doesn't make the sense if you Use this RSI correctly, it can (00:56) Help You Time It [Music] and Catch The Momentum. I play on a risk to reward of 1:4. I trail my stop losses. C The Impact. 3400 to Rs. 1,000 in the next two days 3600 Just in Two Days Age of Today From 3400 it is come to 4100. Sir, literally you are talking about ₹5. Meaning For a stock worth ₹3350, only ₹5 is being quoted. (01:19) Or just a talking point? I am not five, I have never been below even ₹2. I give it to my clients. The Key Is That It Will Work Only When You Have a PVRM And some trade setup which is as powerful as Dec. I personally don't prefer that 1 minute 2 Minute Charts. I may have the lowest time frame I see is 15 minutes because stop losses Otherwise as a trader there are no matches. (01:47) Hi friends, welcome to US. Friends, I Today's podcast starts with a challenge. I want to do it. You close your eyes and think How many people are around you who have lived for the last 30 years? It is a part of the Indian stock market. You will see only a handful of people. So much People you can't even count on your fingers. (02:07) Can do. And the most interesting thing Rather, I will say the most honorable thing about me This is it for today. Today, we have among us one such The person is present. very well known You can see them everywhere on social media. Are. You can see them on TV. You You can follow them on different channels. Sandeep Bagle sir is with me today. (02:26) He is Inu The Market. He is an active participant of Indian Stock Market for More Than 30 Years Now. Yes. He has been around 30 years are market participants. And today our to share all his insights with I am ready. So I welcome you Sandeep sir. Thank you so much for giving us your time, Your precious time. (02:46) And I'm very very very Sure today all our viewers will like this There are many benefits to be gained from discussions. Going to do. I personally I am feeling very honored and I I feel very lucky that I I am able to learn by sitting in front of you. Our All viewers will be able to learn from the video. But I had the opportunity to sit with you. (03:02) Of. First of all Sandeep Sir you are almost 30 Been in the market for years. A natural Question is coming in my mind. What Has anything changed in the Indian market? I I would like to know if I can also enter the market. before, before we all came into the market What was the market like? How is it today? From the investor's point of view, the trader's From the point of view of momentum trading, Today from the point of view of momentum trading There are many types of trading styles. (03:25) There is social media. I'm sure not at that time Used to be. How will you see this whole To the transition? It happened in front of you. Thank you Himanshu ji. Thank you very much. I I am also very much excited to be a part Off this show. I actually started my career as a trainer. Had turned it on. (03:45) So let me teach people I have a lot of fun and I admit it that any person in the market who He says I know everything That's the end of it. First of all the market excludes them. First of all, the market is a great leveler. Right? And teaching people has helped me learn to teach myself. We get to learn. This is my selfish It is reasoning. (04:06) And If You're Not on Your Toes, You Can't Survive in this market. This is my belief Is. Correct. Correct. What has changed as far as the matter is concerned? quite a few things There has been a change. But the basics Which is Greed Fear Hope on which market and Traders It works, it is fixed. It works, it is stable. (04:26) That doesn't change. Good. His degree may change. How? By explaining a little. I mean, stocks used to be different. Yes. There was no discipline earlier. When I started. We I don't know what stop loss is. Was. Good If you I did technical analysis Starting around 1995, 30-31 years back. Good And after that one and a half years, I became a professional. (04:55) Or after two-three years as a professional Came into the market. We Three or four years before that, I remember 1992. specifically and I mean probably you may Remember not the younger generation because he is Harshad Whatever Mehta's boom was You touch a stock with the name H I mean I am Just Giving an Example And you, it was very easy to make money. (05:19) So keep one thing in mind when in the market Making money becomes very easy We A top is near by Good Making money is not that easy It is not that difficult, otherwise I I should not disturb people So I did I'm Made Good Money in 92. without any knowledge We I had no idea about the technicalities, nor Fundamentals Ka Kuch Tha Here Se Pe Tips common word used We So I Learned It in a Very Very Expensive Fashion I Lost My Full Capital The amount you brought for trading Sara Capital I used to work and spend all my savings. (06:03) At a Very Early Age From my age of 21 and may be a little Earlier than that I started working At my age of 24-25, I had dissent. Savings I mean that time whatever Hmm I lost all of that 92 that was saving me Made three or four times that Good Yes Ok And I lost all of that in a span of one month or may be less In 92, the market was practically shut. (06:30) Down for 30 40 days whatever 30-4 Days Whatever happened during Harshad Mehta's time I'm sure none of you I have heard these things, I have heard these things Listening live I have experienced And I want no one to know about it. I neither hear nor see nor experience it was so bad Good So making money was easier losing was far Far easier because it happened very first. (06:59) See Understand One Thing. In going up you are fighting against Gravity. There is one way to fall. I also heard that the market needs 200 Reasons to Go Up and One to Come Down. Correct. So Himanshu ji having said that it is I Wood Still Believe That Yes. So you what is The Difference Between Them? Then stop loss I didn't know this. (07:23) Current traders or Even the younger generation or Zee or whatever you You say they are very clear about my risk How much is it? What could be my loss? End As a trader you must be. I mean I can see the difference. My Clients say, Sir, first you stop. Tell me the loss. Tell me what is my risk. Then give me the trade setup. (07:44) Because today People are highly educated in that date. Have gone. It is also due to social media that All traders have got a big benefit that They study and do business here. So But you told me about greed fear. Has there been a variation or is it more It has become deeper. I mean, 20-30 years ago. People were more greedy, less greedy, were they more fearful, less fearful, or Emotions still work exactly the same way today. (08:08) Have been. I believe that that fear, that fact, which How do you say these are the? The mind that is ours The mind was like this even 30 years ago. 300 years It was like this before also. We Greed, Fear and Hope are three things On which our mind works. it The factors are not going to change. His The degree may vary. (08:35) I want to know the degree that he Has it increased, decreased, or Depends on individual to individual Is. One thing I can say is that 30 years ago the Markets are absolutely Unregulated. We So many regulations have come into place now. We I would say most of them are for good. For good. Right? But what about today's date? That degree has decreased. (09:01) So is it easy to make money today? It's as difficult as it was 30 years ago. Look at the scams that happened before. We Scams still happen today But there are none like that. See What Regulations have been brought in by the SEBI Say it or you know Finance Ministry say it also speak So I would say that there is good for nothing There was no one to go and remember me. (09:26) I went to my broker and I used To work in a company Bharat Petroleum Good So I went to the broker during lunch time, that's when was physical yes yes So someone should come with me, hey, come to me too These are shares, sell them now, KYC is all done. All of that is very good. If there is a deemmet then there is all record and so Safety Wise We Are We Have Reached Different Level. (09:52) That Time the Risk for the Brokers Was very very high. Ok? So now all of those regulations are good. But if you ask me what has changed? Greed, fear, hope are not going to change. Greed is greed. The degree you are asking for What does that degree mean? I still remember a futuristic Himachal or you know all two stocks The older people I talk to, the more Yes, this share name definitely comes up. (10:14) Apenta and Satyam & Meaning I have invested ₹1, ₹200 in 100, 200, 3040 It is a common thing to happen. I bought these 3040 50 100 stocks till 2000 in a span of a year and two it's not that It took 10 years. We So that degree has decreased a little. would still be Are. Look, it is like this wherever Meaning I don't want to use that word Manipulation. (10:43) But the manipulation word starts with em n If there is a man, there is manipulation. I am not saying that the degree has decreased. Is. I agree. We We're Getting Far More Organized. But It is not possible to eliminate it completely. I Would Say One Thing That People Have Become Aware May Be Because of the Social Media Which It was not there in our time. (11:06) Sir, you just told me one thing that whenever Start making money very easily So this means top near buy. now over here After this, it must have happened many times that your You might feel that money comes very easily. It is being made. So can we say that With experience, you are able to predict the Tops relatively better. (11:24) We do not say that I'm sure you'll tell me if I would say you can predict the top If so, you will refuse that thing, but You are better than anyone else You will be able to predict this top comfortably Or more simply you can think of this thing We'll find we're somewhere near the top. Like in 2021-22 people's money will be lost a lot. (11:43) Made quickly. 2000 18 wala scam 2018 Due to the NBFC crisis that occurred Even earlier, money was being made very easily. So Do you notice that this bicycle always going as it is or in it Have there been any changes? Like after 2021 The rally is scheduled to run until 2025. Actually in Let's see. (12:03) But you told me that Harshit During Mehta's time, that money was generated very quickly. Had been. It fell at the same speed. 2007 I was making money very quickly. in eight I even fell down. So has this happened yet? Because after 2021 the rally will continue till 2025. She has gone. Has there been any change in the market? Inside the structure? Or is the same thought still going on? Are you? Himanshu ji, I believe you still have the same thought. (12:21) We are moving. Like I said, degree can Defer We It is not that one way will go up now. C It is basically liquidity chasing a few Stocks We So this will happen when the valuation is very high. More increases We You know what can't justify the market just Reed Needs a Reason to Correct Right Right So I will not say that it was then that it fell If it doesn't fall today, it will fall the same way today too. (12:48) The degrees may differ a little here and there What is it that I learned from all of this See my understanding in the market Place on Cycles We Bull Cycle Bear Cycle Eventually We Are In a Bull Market Because the Upside Is Unlimited Falls come very fast whenever you see them which unknowns a lot of people that is the The Scary Part But they are shortlifts They fall very fast first again buying comes We Because there is sky above. (13:24) Below there is a base, there is ground. So Meaning a ₹100 stock falls a maximum of ₹100 Can. Correct? But a stock of ₹100 is divided into 2000, 3000, 4000, We have seen it reach 10,000. Anything can happen. So that is the hope for a bull bolo or for a You know trader, investor, whatever you call it. So that is why people prefer to go Live long and make money. (13:48) I mean if you take At least I've been seeing among clients Nine out of 10 People Tell Me and Rather Right Now There has been a lot of change but first of all, it means 202 years ago No No Don't Give Me a Short idea give me a long idea Okay, that's why there was no Puts and all this. Sir, in the last 30 years, I am sure Some core philosophies must have been developed. (14:11) So what is your trading point of If we discuss from the view then trading What is your core philosophy that you holds the entire setup or any There are such thoughts which you live by that these This is my thought process. This is my core philosophy. Is. This doesn't make me into anything I will move away. (14:28) Whether I am momentum trading I am doing long term trading. I am doing intraday trading. anything I I am doing it. But this is my core philosophy. Is. You have some such multiple core philosophies or is there a philosophy that you It has been developed. Great question. I have multiple philosophies that I have adopted in the market. I have learnt from. (14:52) Because I believe the same thing Am. The biggest Guru Market is here. Correct. You have to learn yourself. You can read any book, any teacher because I've taught so many people have trained in the last 20-22 years, 15 whatever in years You Can Take a Horse to the Water. You Can't Make you can't make him drink Make him drink. (15:13) so you can take a Participant Student to a Particular Level. After that he has to learn it. So your question was can you just repeat it Wood Want My question is what is the core Philosophy That You Live By? Having Seen Multiple Cycles Over the Last In 20-25 years I must have seen at least seven 8 cycles. Some bicycles last three years. (15:34) Are. some two some four so on so fourth. So My core philosophy is this is an end. The result of all of those cycles put together And I can define it in one word which is pvrm PVRM RM what is this P Stands For It Is Very Interesting And once you get a hang of it and once you Start Understanding It and Following It And that is what I would want to teach people You will, you will not believe the results will B. Mind boggling. (16:12) I am equally excited to hear it. I am like you thank you. yes and I am sure I won't disappoint you. Please please please. P stands for price. Ok. Ok. And the basic green candle is still in our time. I didn't even know what a candle was. 20 30 years ago. Everybody Knows Candle Right Now Stick Bar All That. This is Trading View. There is a platform. (16:31) I am sure you will do trading when You must have started. You can get the price from NSC Must be downloading data from the copy. When we started it was drawn physically. Yes yes yes. I drew it myself in Excel. He has it. Yes Yes Yes Yes yes yes. So P stand for Price. Stands for price. (16:45) What does a green candle mean? [ __ ]. Ok. OK, that is a very simplistic way. Of Looking At It. But let's start from a B C D. P Green means bullish. Red means bearish. Right? Of course, we will give its detailed explanation. Will give. Will talk. But P stands for Price. V stands for volume. Volume Because if there are no volumes We You can do anything with illiquid stocks. (17:10) You can also make ₹10 into ₹10,000. Right? So, a volume stock trader should It should be remembered that the stock he is trading in, even if He's going long, he's going short, There must be liquidity in it. if you In illiquid stocks, at someone's behest or Whatever be the reason some information comes Whatever it is, if you go to trade, you You may get into serious trouble. (17:38) So first lesson Doesn't get into illiquid stock whatsoever B. The Temptations. So that is the V. If there is volume, that means there is a mass. Circulation. Until you yourself are the insider. It is a different matter. So P for price V for volume. it Both things are very important. of PE Meaning that you focus on the price and Volume means go only for such stocks. (17:58) In which the volume is high. perfect. Next, sir. R stands for RSI. Now I think some time back you asked me a Question. Honestly Speaking When You Pee and Wee Pay When I reached there, I was thinking that RM means There will be risk management. But this is [laughter] Wrong and glad that I'm wrong Here. (18:15) so r [nasal sound] Stand for R SI. that's very Interesting. Ok. Ok Now in stock for ₹200 We I will give you multiple case scenarios 2005 It became ₹500 2010 It became ₹1000 2015 It Came Back to ₹400 All These Are Market Size Then suddenly the stock went to ₹3000 Hmm Right So PV RM What we are discussing is the RSI RSI Tells You the Right Level Meaning Stock So I have to identify it but what is this Is the right time to buy that stock right? Place to Buy That Stock Based on the Demand and Supply Good RSI Stands for Relative Strength Indicator (19:05) So you're telling us this right now. I will interrupt its flow right now. I won't do it, but you can show it on the chart. Will also show right Yes, absolutely, absolutely Okay so PVRR stand for RSI And M stands for M stands for two things. Good One is money management Whatever you do, I am the risk management of RM. (19:27) Converted to M. Money Management If you do money is the lifeline of a Trader and an investor. Correct. If you don't focus on that. You know the meaning is you keep trading. The meaning of trading is lost. They You removed the base from the bottom. That is the heart. yes correct correct absolutely correct Pumps You Know so rm stands for m stands for Money Management Am also stands for momentum Good PVR if yours is right like price Breaking Down a Particular Top and Multiple Tops These are what we call price patterns. (20:08) The breakout that occurs when the pattern develops comes Breakout Is When the Price Is Moving In A Band and It Suddenly Breaks Out Moves Up And down, up, upward is, breakout, downward is Break it down right right. So PVR agar aata hai toh m which is Momentum also comes We And only then are these money management tools good? Let's work. (20:32) Like For a Trader Now This is very exciting if you are young Trader. We I have just seen a lot of people. I don't want to criticize. But Entry for ₹300 I am just giving you an example. Correct. We have a stop loss of 270. How much was the risk? 10% ₹ 10% And target of ₹340 Does it make sense? It doesn't make sense right? When You Have This PVR Setup Price Volume RSI This particular setup that I'm going to talk to Iboret Father. (21:06) So money management tools will come in such a way that You will get entry for ₹300 with stops of ₹5 From Los. Good And you can get 40 or 50 on top. Yes, you can get 100 also. Obviously I I am not talking about intraday. could be Two days could be few weeks so on so for So in my understanding for traders 1:2 & 1/2 of 1:3 Till Trade Setup It is not possible, the trade should not be taken. (21:38) Whether it's about swing, momentum We are talking about intraday. Is. Inside any form If you talk about intraday then 1:3 mix It is very difficult. But we also have a different A system has been created in which we are 1:5 instead of 1:3. We also find it. We start with a 2 and 1/2 and then we Buy Trailing Stop Losses vs. (22:01) Convert That into a 1:5 risk to reward trade Setup. We So That Is The Beauty Of A PVRM Trade Setup. And what you get is that everyone also stocks I don't get anyone on time. We Sometimes once a day or three days at a time No trade setups found. We C This stock is good to see 5% 8% 10% He is running away. hey but you have to enter stop loss because You should get a pass. (22:32) Should meet. It should be good. Looks very good from a distance. Right? But when you go in front, they go into trade. If so, you are trapped. We Correct correct. Sir, here I am talking about price and I can think about the volume a little bit. But RSI still has my mind on it. He is not accepting it. (22:49) Do you something You can show by example which How do you find trades? Our Viewers Will be very happy to see you through if You can find an example and show it to me at any time. On the frame. Let us take an actual case study. Which we spotted around I think 22 Was. Ok? The chart on my screen right now is this: Godfrey Phillips' chart. (23:10) Ok? So the line below you will see is a green colour line. What is visible is the RSI line. Ok? The RSI line is typically zero to two. Draw is done on 100. The level of 30 is over It is considered oversold. The level of 70 It is considered overbought. Now it is important to understand what this means It's not that 30 came in 30, what is below that If he comes then say bye. (23:42) No Right? Also it doesn't mean that it came above 70 Sell ​​blindly. Because big dynamic moves happen only above 70 Are. I have also noticed that many Moves that actually start the big move He starts above 70. Which is taught historically or in books I differ a little from that. Not To say that they are wrong. (24:02) But this is mine I have experience. We I never expect the RSI to be around or below 30. I do not recommend buying. Any Have a chart. Good. When the RSI crosses above 50 That is the time you should think of buying That is the level where strength is coming into the market the bulls are in control c What a trader needs if they have placed a trade have taken So what is it that you think first of all The Psychology of a Trader is the Most Important Thing Now if you have taken it or I have taken it So what will come to our mind, we have a (24:44) Stock purchased for ₹300. We It has to be sold at a higher rate. Momentum Correct. Logically you say yes, even if that day Be it trade, positional or for a few weeks It should be a few months old. based on that your Returns will differ. Correct. Let's understand that we have three or four days We have taken trade for And you bought one lot or 100 quantity And right now the price is trading at 278 279 ₹20 down Your stop loss is 260 whatever it is We So what does your mind think, how how? How Do You Feel? Are You Feeling Comfortable? (25:19) Not Really Not Really Right I'd be afraid that prices Those who cut stop losses will be afraid must have been will anybody feel comfortable No I don't think correct. So to the trader What do you want? You enter. Yes. Look, there is a zigzag movement going on. Is. Consolidation continues. Right? That Is Why We Always Buy In A Range. (25:40) It will never happen that you say goodbye and One Way ran away from there. Sometimes it can be heavy Is. If it happens then it will be in the opposite direction. It is one way. [Laughter] [nasal sound] So I was saying that if you do this RSI correctly use it the way We It can help you time it and catch the Momentum You have 300 million maybe a little bit of 295 The bar has been trading for a few minutes We And then it takes out 35 310 and when You understand particular resistance levels yes yes Are taken out? You will never see that stock go below 300 if (26:21) Your Indicators and That's PVRM What I Am talking about is right Particular Level and OK If It Trades Below 300 than it is better to exit Then don't wait for a 280 and 279 stop loss Get My Point So what does a trader need? Level He Enters We Price [clears throat] he doesn't want to see a negative m to m That's absolutely correct. (26:48) Ok That's absolutely correct. And you have to condition this thinking. I am mine The strike rate is what I tell people Or I give calls to my clients. My Best strike rate Meaning of strike rate I took 10 calls, how many of them were positive? Shall we go? My best strike rate is only 50% Meaning only five out of 10 work. (27:11) Five They fail. at a strike rate of 35-40% if I If I had gone to take the exam, I would have failed in 35. goes. Right? Right? I play on a risk to reward of 1:4 I Trail my stop losses. So when you're wrong you've only lost ₹10 When you are right you make 30 40 50 ₹0 also not every track but Right Right But on an average even if you make 1:3 We At a 50% strike rate the success is Guaranteed I'm not saying each trade will be successful And each trade will be profitable and guaranteed We are not talking about profit, but we (27:52) They are saying this and so what do you mean? That is, win rate and success rate is not the The only parameters a trader should look at Needed He has to pay attention to the win rate as well as the risk. Reward Ratio or Profit Factor or Expectancy: Focusing on such things too Needed Absolutely Yes. (28:12) And I think that most of the Traders are of any strategy Success can be measured by its success rate or win rate. We measure the same. Which according to you also saying that's the wrong way or that There is a half scale. It is not complete. So Win rate as well as risk reward Ratio should also be seen. Most of the traders we What I've seen, taken for 300, it became 305 Book it. (28:36) They are in a hurry to book Profits. Right? I will not say right or wrong. I will not Comment on that. But I have read so many books of the world over people who have achieved master in Trading. We I have learned this when you Ride it right 300 breakout is 315 why to book If the momentum is on, let it go Yes if there are compulsions of intraday Leave that etc. but we have gained some momentum. (29:10) So build the momentum until it's on So you mean to say that you can minimize your losses. Hold and carry forward profits Stay Absolutely No, book quickly as soon as you reach profit. to do We should have someone green. If the momentum is positive at 315, Environment, I mean, there is no such reason. So the target could be 330. (29:32) 350 of 360 It can also happen. But 300 is a strong support. And If trading starts at 297-298 then I will think Don't want it. I have to take a bite. For this Most of my trades are wrong. that is Why my strike rate is only 50%. But a 50% strike rate insurers Fantastic Returns. Because I would make a 13, 1:4, 1:5 at 315, I'll wait for 330. (29:58) At 330, if there is a market gap up Tomorrow, it can open at ₹350. My entry is ₹300, I making ₹50, I Wood have lost only ₹10, 1:5 so done. Right? Now We Are Discussing the RSI Yes yes let's come to this. I was saying that I Will only enter when the RSI this is the Monthly Chart of Godf Philips. Ok? Now Where I Have Kept the Cursor Somewhere Around Here Do You See the RSI Breaking the Prior Tops of the RSI? Yes For me that is an RSI breakout. (30:36) Ok. You've Seen a Blue Line on the Price That Is breaking the multiple tops. Right? The Price Is Somewhere Around 450 500 Is in between. Ok? Volume It is double. Average of last x number of Candles. You can take anywhere between 10 And 30 and what ever. We So a price range that was 485 500 which came out last A many years from 16 to 15 Till 23. (31:06) If this level is not breached by 22, we And we have just breached 7-year-old If That Means Something Positive has Happened And Is About to Happen Sir, on a lighter note, I will say something. Negative Is About to Happen Because Godphillips says that people smoke more cigarettes must have started drinking Yes, you're right [laughs]. (31:26) yes, I mean it's just for fun but yes I I understand your point that here a 500 rupee note Level or around 500 level broken But there is one important thing that I need to know here. But you got to learn the breakout of the price I haven't seen it or I may have seen it but your The focus remained on the RSI breakout. (31:41) I saw Price's first. Good. Then look at the volumes. And then looked at the RSI. And these three which The combination is what it does Right right right. That's when you said that he Volumes also for multiple weeks or months This is a PVR M Right right. When It Broke out of 480,500 Yes I mean you never saw the price go below that. (32:04) I mean the swing low that is formed after that Think Is 540 Right, I mean, this monthly Even before that, the highest it went was 750. He has already installed it. Correct, so these are kinda long term charts. I am showing it. You should do this for a few hours during the day. Or even such charts for two-three days Will meet. (32:21) No, we will gradually move to lower time frames. I will come to pay. But right now in the monthly chart I learned a lot of interesting things That price never came after that. Rather it increased almost eight times Is. with in no time who is a six or seven year old This stock was in exile since then It increased eight times straight away, the next two to three Within years. (32:44) So around 223 to 2026 He has set a high of up to Rs 4000. O! Interesting. Sir, this strategy is here right now. It looks very easy to see. And I M Sure also has a role in monthly charts. because on larger time frames things are very Does it look easy or very eye-catching? are seen more in favor because things gets time to play out. (33:05) You can use the same setup on smaller time frames as well. We do. Absolutely absolutely. Ok. Without adding anything else. You of this There are multiple things that you need to say in an intraday chart and may be a short Term chart. If you take hourly or 30 minutes Take. Some people also look at 1 minute charts. (33:22) Are. Now this is especially for our young Friends who do day trading, say, or short. Term Trading. I personally don't prefer that 1 minute 2 minutes Charts. I may the lowest time frame I C is 15 minutes because stop losses Otherwise as a trader there is no match. Get my point. Right? So you can use 15 minutes, 30 minutes, and you can Get Edge Good Results. (33:47) The only problem is that during the day A little bit intraday specifically positional There is less problem. what is intraday Does the news come? If some negative news comes, Fluctuations occur in which your stops Losses can be hit. Because you can't do anything. You No one can control time. Correct. Right? So this is the hazard of you knowing you Low for a week, low for a month Not there. (34:14) You can trade intraday for a few hours There is a lower chance that your stop loss will be hit go to his And then the move will come and you are right. Sir, I have just broadly understood this strategy. I have come. But if our viewers If you want to understand this strategy in more detail then this There's some way they can reach you out that They can learn from you or something like that. (34:33) As far as he can reach you. If there is any doubt, any I need to apply concepts in strategy. I am having problems, is there a way that you Can guide us? We are in talks with Upsearch Where we do this in an organized way Through an eLearning workshop. This is our whole Present the tools. So the beauty of that is that you just do academic Which, as I said, as I tried to be Practical is possible. (35:08) so we are making a Workshop which you can sit in the comfort of Your Home and Office And in learning it's like you get that mentoring Or support is needed. Either you something You can learn wrong. We So I would personally ensure that you learn Something You Ask Me a Question Veer Time I can reach out to you. You can reach out through an email Obviously and may not be in the live market But we will ensure that mentoring The process is there with you for a period of time. (35:39) Month in that time by that time you won't need Me. I can definitely tell this to my viewers I will ensure that I think I can Say this with more than 99% surety. I will Ensure that this podcast is released before Sir's course should be recorded. So you down Go to the description and check the link. You will definitely find Sir's course there. (35:58) Will go. So please make sure here you are Please check the link. open the link Take it. so that you can reach out to sir Directly. Sir, I want to say one thing here I would like to speak for my viewers. Because there are a lot of viewers like this on Upsearch. Yes, I have met him personally also. We See you at events. (36:13) and apart from Our discussions in these many videos Are there. So now the viewers who are He is very smart. If you have monthly discussions have done and you daily and 15 minutes which is your It is the lowest time frame, if you even go there I am very sure we will discuss Viewers will automatically see it if any one minute Even if you do it on a time frame, it should be done on your own. (36:30) You will develop that strategy or something. If you want to subtract ads, do that. Will take. They are very mature who understand me I have come. So I don't need you for even a minute. Let's use that's ok. But after monthly For example, daily or after daily 15 How do you use it in minutes? If we had some more examples like this If you get it, our smart viewers who It automatically gives him 5 minutes and 1 I'll do it in minutes if they want. (36:52) So not everyone but then those who want it. So One more example Himanshu ji, I believe that you are anyone Take a time frame chart or take a trade We What is the important thing? There must be money to be made. Correct correct. If you give monthly chart By year view Joe, like I did this case study eight times. (37:11) Your capital multiplied which is marvelous Yes I will show you more case study length Term You Build Wealth Correct But short term you make profit. is equally important What do I need to do to cover my daily expenses? Why do you want to trade? So this is the reason why you should trade if at All You Trade I generally say that long term From trading and investing, your The balance sheet is prepared. (37:36) perfect And your income from short term trading A statement is made. PNL is formed. Right? Absolutely Absolutely. Now I will discuss two more Three Case Studies In which I am on both buy side and sell side The setup of the PVRM And recently, two and a half months ago, Meaning it can also be in public memory There are old cases The technique is the same. (38:00) Basic level in technique The technique is the trend line, Is it breaking of support or resistance? There is no change. We What are the challenges in intraday moves? Sometimes they are so fast when Important Levels Are Broken We that by the time you enter you end up entering Stop losses do not match at a higher level Sometimes the quantity is more than two or one Instead of one lot, you take two lots in excitement If you take it then you know there will be a mismatch. (38:28) So those are the risks. So now I will talk of Some stock where we will start with a two Three Day View. Okay now this is the hourly Chart of Thermax. We I am not doing anything different I am doing it. Look, we I first drew a trend line on the price. Curry. Right? Where the breakout has occurred. (38:53) This ninth of It was in April. We Yes. It is breaking multiple tops and Look at the volume, meaning lower than average volume. This is four to five times less than that. We call this PVR. P is the PVI. Now! PVI just saw about R. But Now you understand that RSI is down also tops break Have braked. Correct correct. (39:15) and see the Impact will range from 3400 to over the next two days. 3600 just in to does hum Age of today from 3400 it is come to 4100 Right Now 3400 is a 20% move ₹700 20% 20-25% move in a span of 7-8 days One Week You will get such moves once or two or three times a month. see you We I mean honestly speaking because I Let me tell the viewers that in the last few days There has been a positive move in the market but There haven't been that many positive moves. (39:51) To you Nifty, Bank Nifty, Small Upside has been seen. And your Let me also tell the viewers that at this time There is war going on all over the world. at such a time 20% move is actually a big deal which this Is What Is Making This Entire System Very I wood to exciting. So Sir, I I understand, I'll recap it once. (40:11) and you correct me if I I am going wrong somewhere. First of all I I will notice a breakout in prices Where are you coming from? Then after that he Whether supported by volume or not. And Then the third is when the prices are breaking out. At such a time, it should be supported by RSI breakout also. (40:28) where prices I am becoming higher high there if Higher highs are also formed in RSI, so here But I have to say goodbye and I can't do it right now. Do you know what my stop loss is? Now! I don't know what my target is. Is? You will show us the way for that. Now for how you stop it. Are? What is your SL? what is the target Does it remain? So My Inquisitiveness Is Now If you want to take a trade after coming out, then give two I'll have the things I need here. (40:55) Himanshu Yes, stop loss is that level. Stop Loss The answer is in this itself. The question is there end The answer is there. Right? it stops You from incurring a further loss. That is how That word is Koi. Correct. Right? You stop the loss then and there. Ahead It should not increase. So there are multiple ways to place stop loss. (41:18) Waze End is the means. If you are an investor, you Place a stop loss at the swing low. Correct. You know some people percentage wise Keep a stop loss. I don't believe in that Does. Percentage wise care has to be taken. But swing low or candle low for buying end Swing high and candle high for selling. I am completely on your page. (41:37) I also use percentage stop losses. Mostly avoids as far as possible Am. One percent should be in mind Needed We will not incur any loss beyond this. But swing, candle, I'm even more They seem sensible. because maybe Technicals have taught us this. Correct. Now I will talk about this case specifically. we will do This level in which there was a breakdown Right What I see is 3348, I'm going to convert this to 3350. (42:01) I will round Ok Those who multiple two tops last month two Tops company which is so many in a month By volume if anyone is buying there So either he has an inside infection A lot has happened in the company. The discount that is being offered is correct No, I am not saying in any terms. Wrong This Thing Positive action is either short here The covering has been done, someone has shorted it. (42:28) If trap has happened then only it is scrambling to cover right right right And when this 3350 one with multiple tops Point that is broken by force We Below that you can also keep a stop loss of ₹2, it will hit Will not done O! This is how it happens and on the up side 3000 Breakout came at 350. (42:51) You understand and let Took it for ₹50 on top of that. because you wait for The Closing of the Candle. I was going to come to this question. But yes I also come inside it. No no I I will come over him. But for now I agree I think I bought it around 3350, 3360. Tax. Age of Now for Our Discussion This is one where that value area which Support was this resistance. (43:12) This will be the support now. Support will be created. The polarity will change His. Correct. So put ₹5 below 3350 Give it. Depends on what your trade is Duration. Sir, literally you are talking about ₹5. Meaning For a stock worth ₹3350, only ₹5 is being quoted. or just talking I am not five. (43:30) Sometimes I even give ₹2 I give the below to my clients. This much My confidence and it is not that I I am right every time. If the market is flat That will be it. We But in such a case, unless there is a catastrophe and some event which complete The whole Everybody Selling Lock Stock and Barrel Also see the condition of the C market. (43:50) will have to We But what you see on the chart is Irrespective of the Market Market If This stock is positive and will rise by 810%. If the market is sideways then it will increase by 6 taka Even if the market is negative, three to four percent The end will increase when the market turns positive If it goes then it will catch, that's the only difference Will have to. (44:11) So can I say that I accept That the stocks keep running into my hands Came at the rate of Rs 3400. Came at the rate of Rs 3400. Let us assume for now that this Our candle Low was or your horizontal line Let's say a little below that, ₹300 Even if I place a stop loss of 2-3% In keeping. (44:30) I personally have no ill will It seems to be inside him. You are saying ₹5. I don't know when I will get this courage? No I am asking for this ₹5 because Joe Trade's trading clients If they've got a lot I'm in now Its lot is probably in cash right now. Yes, but if it was in FAO and the lot size would have been 1000 We So ₹5 is a lot. ₹ then there would have been a lot In that sense I am discussing absolutely absolutely yes so anyway If a stop loss of even 2-3% is taken here So your stock has gone up around 20%. (44:57) That is marvelous great great sir in this one My question is that when these prices Went up and this is only after two days I I noticed this 3500 level also Crossed it. Now when will you make profit here? Do you book? Because honestly, I Greed will come into my mind and I I will say that brother, I have moved so quickly. (45:15) I did not expect it. Quick profits Book it. Whatever the news was, it must have happened. Because we don't know whether it will last till 4100 He is about to leave. It is going to go up to 4200. So What is your opinion on 3500? Himanshu ji, you have entered first. That is based on a 30 minute and a 60 minute chart. (45:34) Now This Is a 60 60 minute chart right If You Want Target's Go to One Frame Hire 1° Higher Now 60's 1° Could Be 90 Could Be 120 Her Hire Is Daily Her Hire Is Weekly Weekly But if we are talking as a trader or is it the trader's thinking We So then I think you can stick to 60 90 120 You don't even have to or maybe daily don't Have to go to the weekly Need to go weekly Ok Right Ok The Best Thing to Do Is Don't Don't impose your thinking on the market. (46:14) If the market is giving you why are you Stopping yourself? What is the market offering? well his too I will tell you the session. Look, we'll be right every time. I am not this He says but if the pattern is so clear then 10 There must be six or seven times out of these. such is my Have to believe. I told you one thing that is quite important. (46:37) I made an important statement today. I have read it. We All Are Prisoners of Ourselves Thoughts. Absolutely You've Attempted a Golden What to Say Words SFS The Market is Concern. You don't put your thoughts into the markets. I would not impose this. absolutely correct Is. Now having said that if you ask me What is its target? So this one gives me a A triangular pattern is visible. (47:04) Meaning basically The line from the area below I'm looking for somewhere around 3700 or 3600. Can also become a target. alternatively You keep trailing the stop loss. Ok. And I'll tell you a technique that It is so easy but I have not told anyone about it. I haven't heard of him doing it. And all this I don't Want to take the credit. (47:28) I would give the Credit to some book which I have read some Foreign Author Now I Would Not Remember the Name of the author author I I've Tried So Many Setups The Key Is That It Will Work Only When You Have a PVRM and Some Trade Setup which is as powerful as this right now Like in PVRM setup 3350 or 34 you have taken Your stop loss was ₹50. (47:51) Now imagine a Situation Next Day Morning and That Day Evening you are already ₹200 in the money Right Normal traders would have already booked it at ₹60 2% discount available, book now book it book it Right Yes Well, the war was still on. Yes, it was absolutely In fact, the news that was coming was at its peak. was on So This Has Gone Up Against All of That Yes So if you combine news with these charts together they are totally on their own We Now this may sound a little arrogant, hum But when patterns Are so clear with a PVRM that I am talking about (48:33) You have to trust your Instincts and Follow It Now How Do You Catch the Full Move do the simple thing Probably if I am not able to explain You can add on yes since you also Understand Quite a Bit of Technicalities End of the day you are already up by ₹200 Correct The closing candle We The next day of what I see Open at the same price Correct And one way went We Simple Thing as a Trader: What to Do If quantity because some traders are more If you do the quantity then it is for me It's easy to sit in the studio and tell me to do this. (49:18) do that OK it is like commentating Correct On a cricket pitch from outside an AC Studio Where As You Know What Speed ​​Ball It is going. So one thing you can do is if you Want if you are not comfortable position There is a lot, the quantity is more, you book Do it your way. Because trade is what it is, The Success of a Trade Is Based on Your Mental Makeup. This is the most important thing. (49:42) If I were here I would stop at my He would pay the loss which was due the next day. Open low now if that means somebody is Buying Open and Yes Open and Low Is the Same Means somebody buying right from the opening So my Conviction Increase is 1/2% below that Quarter what ever No again I will see your statement ₹ below by I will say ₹2 less, that will not happen. (50:07) Now Look, there is no shadow either. No. No. No, I understand, sir. Now I understand. ok then ok keep on watching the candle This candle, this candle, this candle, this candle right Any candle will make a lower top or lower bottom We OK, you see candles in front of you. Is We That day didn't even happen the next day. (50:32) did not happen When a lower top/lower bottom candle is formed And that load will break So that's 1/2% quarter% below the low you stop Keep the loss. We You Will End Up Watch Now After that, no candles for three days. made in which lower top lower bottom yes one is made Here you see Yes at 4099 so I paid 40880 or 85 Anything ₹1 Quarter Percent Quarter percent ₹10 ₹1 quarter percent Will Be 4095 Grab ₹3 Down Not even a quarter percent of Rs. (51:14) There is a percentage. If it goes wrong, I will get even ₹1 extra. Don't lose it. Entry can be made back. Why Lose Peacock? Right? So there you go, what has happened at the time will break. End of that day. I think after a period of 1 2 3 4 Six Days. Right? And your entry was at 34 something you said And you've booked out at 49 I will go holding 4085. 490 Hold on and walk. (51:44) See the Difference. So what does this do? These There is no pressure on you from the methodology. You are following the charts. you are following data. You are not putting your mindset. then over there News will come. Hey, this Trump did this Statement given that all you know positive Both will be negative. (52:07) The more you are away from them as a trader. Charts is accounting for all of that. Yes yes yes. End Charts I come first. Market Discounts Almost Market Discounts Not I Would Different [laughter] Would you like to remove it? So [nasal sound] Yes now if you like it a little more Have to go. Now what role does RSI play here? If we entered at RSI, then RSI The level was 70. (52:40) You see here Yes Where I placed the cursor. Yes Just starting a fresh move after 70 it occurs. People say 70 overs If you get botched, sell it and you get trapped. The beginning of a fresh, dynamic move And when will he get tired, typically 85 at least Historical data shows that Ok But does it mean I will go short if the RSI is 85 no I Will Book Profit at 85 And I will look at negative divergence meaning Price Price Making a Higher Top End RSI making a lower top. (53:19) So right now you See The RSI value here is 92. We The price here is ₹3900 is around. Is around 3870. After that The top one is priced at Rs 41200 It's above. Ware's RSI It is below that. 90 point something or 91 Something And this is what I'm telling you, no Also, no, this may sound a little odd, but No no sir it is not sounding offensive This is what your 30 years of experience is telling you. (53:54) Is And I also learned from a lot of Respected Traders so due acknowledgement to them if it helps people typically three Tops if RSI occurs One two three three and look at the price of all three Have become high. But RSI Is Refusing To go. First it became 92, then it became 91 or 90. And then the third one became 88. (54:25) Right? And That Is The Time You Book Profit. And when the price is still not fallen Price Can Fall Now from Wood. So what a move from 3400 to 4000 Sir, I have two questions here. Question number one: we saw a good trade. And you said that 50% is the best success. Rate that you can have and I completely Agree because I backtest strategies I do. (54:53) 50% is my strike rate. Somebody Else can have 89 I'm talking about your best success rate Only what are we talking about. Yes. So this means that the trades that are wrong, The first question that comes to my mind is What do bad trades look like? You said that there was a very small loss in that. It happens. (55:12) So if we do this trade by chance If you have had a recent experience Inside it. One thing, the other, which is mine and the most This is a big question, perhaps you will answer it first. I would like to make such trades in this stock I saw. You mentioned in the previous stock. How do I get such trades? I How do I find out which stocks have this? The price is going up, the volume is going up, RSI is also going down All. (55:36) So do some of your own screeners? Or do you test it manually? How our traders should do this To? There are screeners. There are multiple ways and means how you Reach. I will answer that question. You I Think You Have Combined Three or Four Questions Into one. I am sorry for this. No, not an issue which in my mind what I had earlier because that is Variant Because it is actually find it is like Finding a Needle in a Hair Stack. (56:00) Actually it is impossible. You have told me this but it is easy to say. No, because my question was Because I am very sure our viewers You might also be thinking that higher high high What is difficult in finding it? Very All the stocks are getting hit every day. But Many stocks do not make such thermoses every day. (56:16) would have been. Correct. So I am sure you will have some of his Inside. Correct. So Experience makes a lot of difference in this. We Ok? I just see that I know It means not to again not to say that I all My Trade I Am Very Clearly Admitting That's my best strike rate is 50% How do you find our trade setups and Stock Where There Is a Trade Setup? We Some things have to be mechanical that we Cannot do it manually. (56:48) We But some things like cars, no matter how much you do it too Automatic car has not been made yet. People are talking. But you need a Driver Technology Can Do Anything similarly If you there are tools like Tic Watch and some High being the multiple high of the last one month Broken They Could Be the Machine Can Bring It Out to You That these tops have been broken in these five stocks. (57:18) Yes, I will get it in which one? A new high has been reached in RSI as well. The price is also good and the volume is also good. It is special I will get them but how will I get that one from them? whole How to select one or two stocks from the stock Is there any way to remove it or is it All will come with practice You will have to do it all manually, that is like the driver so you can't replace him as yet right right right Perfect Sir, if any trade goes wrong in this It is there, even if we don't get an example, but (57:48) But what if a trade goes bad? Find out if this is not the same stock is what I was thinking. Himanshu ji I am telling you that my Why is the strike rate only 50? OK Trade if you follow this 100% Very Few Trades You Know Something Like Negative news coming at that point of time that the war has just begun Was not expected. (58:15) Look already It is expected that Iran will do so after 10 days. Attacked, all this got discounted First time and if I am long So my trade may go wrong there. We or some minister resigning You get my point such wale jo news hai or financial news like Suddenly Depending on whether CRR is increased or decreased on which side of it you are US mobile data is corrupted Inventory has begun US data is also priced in. (58:46) something which is not expected and it Comes. Ok? Like Any important US financial Analyst Speak or Top of the Country Gives a Statement that our X performance is Below expectations. The C market normally factors in everything. There is some correction up and down. But the big falls that come are for Things which are coming out of the box. (59:13) We are right Then only you can be wrong. Pure Charting According to this, if you follow these tools then The strike rate can be far, far better. But what we have to do is find a trade. In urgency or in pain we ignore that No, it has gone up a little bit. That exact No points or ever-changing financials There are no matches. (59:36) Look, I say enter at 3400 and Place a stop loss of 2700. It doesn't make any sense Become an Edge of a Trader. Correct. Right. So The error is manual. We If I get this pattern like this then I will Not five out of 10, but eight out of 10 There should be a strike rate. Sir do you change your strategy based on the Current market behavior? like I to you Let me give you an example. (1:00:09) last one month Inside, Vicks grew a lot earlier. Then Vicks has decreased significantly. means now Falling down. Or no war first. Was. We are in the middle of a war right now. First Rupee I am not depreciating that much. Only These are examples. So as Market behavior changes. Do you? Minor deviations in your strategy bring it, bring variations or These are the four ways you can stick to your strategy. (1:00:31) There are parameters. Well, maybe I need your answer. I know. But still what does your mind know? I have a condition where you have The strategy may have been tweaked. So I that I want to hear whether you always keep the beans or Sometimes there will be some conditions where you change about to do or about to do something Think. (1:00:45) What do you know? I want to understand Or what are you thinking? I think your answer would be No, I always keep it the same. irrespective of anything because my according to Well, I am wrong. I am I am very Happy to hear that I am wrong. No, you are not wrong. I say every ball as a batsman you are facing Can't be the same. Right. (1:01:06) Bowler is bowling in the same action but ball Differs Because there may be difference in its speed. There may be a difference in pitch. there are multiple Factors. So no to strategies and outputs of that. Can Be The Same. We Get my point? good today Where are the markets? How are they placed? We're on the brink of A Situation Where the War Is About to End? Hmm So here I will be looking for more positive News. (1:01:37) But if I have any negative stock If I get it, I will trade it too. In fact, I want to share a negative with you. Stocks Which We Spotted in a One Way Bullish market Using the same set of tools. So such people should not feel that only I say bye. As a trader you can make money by selling also. So Like from three days to four days, Market One They are going up. (1:01:59) Correct. Logically, if I have to buy the stock If you want to search, then three or four days ago There was confidence even if it was an individual stock There I used to play for two Three 4% Intraday Returns Now I May Play For only one 1 one 1/2% return this little bit To you The tuning needs to be changed a bit. (1:02:19) Depending on the market scenario Ok Overbought Oversold Yes Okay, I'll take this futures only. Lot of traders would be trading in Futures Now What I have done in Thermax We saw a breakout You are seeing the same to same line, correct. You can see this, I am just joining too Tops which I am certain most of our Trader Friends Would Be Well Worsting Now this trade is around 445 I think This breakdown has occurred. (1:02:55) We Now RSI has also broken this RSI. do you see that Point? Yes. Do You See The Red Volume Which Is Again Four Five times? Correct. So basically this is nothing but a mirror image Off that bullish trend. That bullish trend. Correct. Now the point is Weather you enter at 444 45 30 because the stock has fallen to 427 and something Now from 445 to 427 is a 45% move in a futures contract in a futures contract in a span of One Day and Two Days In fact, intraday it has given you a 5% move We You Know Like One Lot If You Had Shorted With (1:03:42) A risk of one 1% which would be its exact lot size I don't remember but typically 7-8000 The risk is incurred per lot. Right? that is the The way I spot my trade setups. Right? So if I take a risk of Rs 7,8000 then my It should be at least double that. 15 18000 so at a risk of 7000 I get 45 Rs 50000 They are made. (1:04:05) And again following that trailing stop loss Mechanisms that I won't repeat right now. Like in buying, you keep increasing Trail Way In selling, you do it down in the sale. Right. So Sir, it is okay. I understand your strategy I have come. And It Makes a Lot of Sense How to take a trade on the buy side. Cell How to hold a trade on the side. (1:04:24) So what I What I have come to understand is that only these four The factors we have are p, v, r and m I'm carrying the momentum I'm carrying right now. For. In this, what I have done in money management What I've learned is that your risk reward The ratio should be a large one. Your Should be in favor. (1:04:39) What is money management? Do you see anything else in it? Inside? When we take the trade. Ok? If a breakout or breakdown occurs in a Case of a Falling Stock. Break Break Down In Case Of A Falling Stocks, Breaking Out in Case of a Rising stock. When it breaks down, it happens immediately. Will he run away or will he consolidate a bit and then run away? No one can say. (1:05:08) We Right? Sometimes we break the load and every time we Can't even wait for the breakout to happen. Sometimes one has to anticipate the burden. Good. A slight pullback also occurs after the breakout. Is. And Pullback means the move against the maintain. If the breakout is up, the pullback is down. You Use that to buy. (1:05:28) If the breakdown is down then the pullback is up. You use that to sell. Right? [sound of clearing throat] So during that consolidation period we got some A big stop loss has to be taken. otherwise What will happen? In that consolidation time, your The stop loss will be hit and then the move will come. When the next level, next move starts Is. (1:05:54) That is the time I am very comfortable Trailing my stop loss. like we Saw it in Thermax. After 2 hours, he moved to a different zone. Went. We So my original stop loss is now Increased from ₹50, then from ₹100 to ₹150 increased so on so for which is typically a Swing Low and the Candle Low depending on So when you enter the stop losses, I may look at Little Bigger Like 7000 looks big on each lot. (1:06:19) We But in half an hour if it's me If I talk specifically about Coal India, half My stop loss came at ₹3000 in an hour. Meaning, risk mine We My stop loss is 2000 in the money in one hour. Was Meaning if it becomes a hit then I will lose my money. I was not making any profit Right And End of It Whatever That Target Came By the way So a little bit of that is why in Consolidation Fuzz. (1:06:43) My Risk to Reward is Only 1 2 and 1/2 But when the move begins and it goes in your Favor. As the car shifts into fourth gear Yes then it also converts to 1:45 or 1:8 Even up to 10 we mean okay not everybody Trade happens but many trades do happen. Sir, I saw this setup of yours and I I understood it too. (1:07:08) But I have a question I have seen you many times on TV and multiple times I have seen it on the channels. I don't even have to ask You should do this through the same setup there. Stocks are given. I am sure you give There will be and there may be some more such setups. You have it. But that TV guy How is your experience? Meaning TV We all would have been very excited to see this. (1:07:23) Are. And a huge fascination of mine The reason is that till today I have only told you I have seen it only on TV and today I am going to show you live I am watching. So that's your experience. How is it? Are there different types of Are there calls? Your trading clients or those who work for you Trades are different types of calls Is. (1:07:39) How is this? Himanshu ji, there are no different types of calls. It would be like what we discuss here We used to sit there and discuss. Because I am not coming on TV right now. Almost six to eight months have passed. I because I have to focus on this. me on education Have to focus. I need to pay for my business or app. (1:07:58) Have to focus on it. So it happens same to same and live No questions asked in the market goes. We In fact, I was on the last channel. Zee Business, we could have said there that I'm getting this spot right now So it reached the people So like right now weekend shows are a different thing That either you discuss it in the long term or It's a different matter but the live market is live. (1:08:30) When you are sitting in the market So there is no option that you can Yes, you can see that speed at a different speed. You have to work immediately. are on TV for 10 minutes. At that time you have to find that stock, If you want to spot it, if you want to trade it, it would B. Very challenging. No Like Himanshu ji, I am talking to you. (1:08:50) Am But my focus is here. I am talking to the anchor but My focus is here only. So anchor takes care like today you have Been a great anchor. I Must Compliment You on that. Thank you so much. Similarly, and I have one thing I will say that so far I have not had any The anchor did not say this in a way that you should say this. (1:09:10) Yes, this has to be done. And they never tried to It seems that that and that is also wrong. yes. Sometimes you can make patterns in advance. If you go to spot, you are wrong. Or if any news comes, you are wrong. We But what you see on TV is what we Spot those patterns: infection spots We do. We Reach people first You know, if you tell me breaking news tomorrow then It doesn't make any sense. (1:09:35) Correct correct. So that benefits users, traders Say should have that was the purpose. So My Ah Stint in the Media Over the Last 15 Years I've worked on most of the prime Channels in prime time. so I enjoyed it And This Is Also What I Enjoy But TV Pay takes a lot of time. Sometimes patterns Sometimes you miss out because you don't have any answer. (1:09:58) You are having a discussion and then something happens Breakout Breakdown Aa Gaya To That Was Ho He will go and will be missed. that was the The Broadley we see on TV Your original version is the one you see here. But what we are looking for is there we find it. And if I am right, the original is wrong too. (1:10:11) I am still original because I said my Strike rate is only 50% that could be one of those So Sir, in strategy, all the things we have I discussed all that, I am sure. Viewers must have understood something If there are questions, they will definitely be comments. I will write but now at last I want to tell you I just want to ask two more questions which is not about the strategy of a general behavior that I've noticed and I I am sure your experience is huge. (1:10:33) so you and you've also been in training and Even if it is there, you have looked into it more deeply. You must have noticed. Especially since 2020 Many people want to become full time traders. Are. What would be your suggestion for them? When? How much does a trader need to become a full-time trader? Should think about it. (1:10:52) Because you first Was in the trading industry. Then you above trading curry together and then you Last I think you are 15-17 years old. Now full You probably mentioned time trading or 20 years whatever your a fuzz. today's date Most traders quickly become full-time traders in Want to get into trading. No one for them It will be your suggestion as to when a trader I should think that yes now I can enter full Time. (1:11:12) Well this question is present a lot of People, a lot of my students, who I have Trend. We They are at well-placed positions in their Organization. We So that is a big challenge that I have to Can I leave behind my big fat salary and do so many Will I earn money? This is your question. We don't necessarily want fat salaries. (1:11:33) Do not know Someone may not be happy with their job, but Trading is starting to make money now His. If I have no other option, It's easy. Yes. Right. The problem is when there is an option. Correct correct. Leaving my six-digit salary for training So much money in trading it's a personal Skill. So I Can't Answer Blanket Whether You Leave it. (1:12:00) As easy as it looks from the outside It is not easy. I will tell you about his scientific reasons. Let me tell you. In the markets you as a trader more so I have to be successful. I'm sure you must Have you heard this? I mean it is not my Original This Thing. Three AIIMS are necessary. Ok? First M stands for Your Tools Momentum [nasal sound] M stands For Momentum So Momentum Tools and Indicators Based on what you use, see you spot Right, this cut happened, this breakout happened The second end stands for money management That you kept this stop loss because if (1:12:37) If you don't know the risk and reward, you in the dark You are shooting arrows in the dark, exactly. And the third M which is the hidden M but Most important is your mind hum Mind means trading psychology. The time you take the trades you take After Managing a Trade Is the Mostant Thing. It looks easy. (1:13:07) Post Trade Postmortem is very simple. But when you actually take the trade and you Manage It Your Own Mind Plays Games With You. Correct. Correct. Ok? And this is what people think, hey man Should I have booked a profit or a loss? I should have booked whatever it was, but I If I were giving advice to someone, I would probably I am in his place, maybe I made the same mistake should I right right right So the third M which is a hidden factor which is your mind And you have to condition your mind Trading psychology is what it's called if you (1:13:44) Ask Me Out of 100 Obviously tools aren't what I'm saying There is no tool. Because I have 5 10 15 Years of Understanding Tools and Trading Systems Removed in making. But having said that when I started With my initials 30 years ago my trade Setups Var Right. My clients were making Money but I was losing money. (1:14:10) I never Understood why. Because I never could Understand that there is a third factor Which is the mind. which is playing Games. Which is playing game with me. I was never conditioned which I had I have spent almost a Decade Overcoming Doze. That is [nasal sound] why A Lot of People May Be Good Analysts, But May Not be a good trainer and vice versa. (1:14:29) Yes. so don't get into an area which you Are not which is which you are not well Worst with. Yes. and condition. For me, this was my mind for the first 10 years. I did not even know the concept. Hey, if this is so easy then it should be so. We But actually I am going to do it. My The clients are making money. (1:14:48) I break the money I have been. Because I am behaving differently as a Trader. You said it absolutely right. Age a Analyst I was thinking differently as a Trader I Think Differently. Correct. So this is the psychology that plays A vital role. Sir, one last question. any such rule or Such a thought process philosophy is anything that every If the trader stays in the market for so long I have to survive the period, I have to sustain it. (1:15:16) You have something to learn from us like you did. A Rule or Thought Which Every Trader Must Live by some philosophy that he never Should I forget it or should I say someone is yours Lessons you can give to all new traders I would like to know that we are also in the market like you. I was able to survive for 30 years and may God Bless you with many more years in the market And in the life. But here's to the next 30 years. (1:15:38) This is our target only. The first thing is that we Could you survive with one lesson that you I will tell you that the one who helped you in your good and bad times I always supported you in that thought process. did. First of all thank you for your good wishes. Wish you the same. Wish All of Us the Same. (1:15:54) Wish The Viewers the same. A rule that I use in my teachings or in my The traders I mentor I'll tell them if you're wrong. Yes, there is a stop loss but some people I think I should cut it, wait or not cut it. remove that thought Ok Remove thinking, if you want meaning then put it in the machine. Put a stop loss because some people, if they If you don't put them in the machine, they will wobble. (1:16:25) Yes, we think that at that time. Yes no friend, hope comes soon Yes Sometimes that stop loss is hit and Then the move goes in your favor Wali Hope always hurts him. Hope is Not a trade. First bite and then think. This is my lesson And I tell people. if you are right To you 15,000 is coming at a risk of 5000 So 1:3 logically you should book and Assume this is not intraday We So this could be 25 times 15, it could be 40 also. (1:16:59) So there you can think about it Trail Karo Multiple Options Hai But if your 5000 is going into trade You don't have the option to think like this Your conditioning of the mind has to do with Only then will you be able to survive this long term. So what you need to think about before taking a trade Think. There's no point in thinking after the trade. (1:17:23) Not inside it. Not after the trade We have to think in terms of profit. You can think in terms of profit. Yes, in loss There is no permission to think in loss. So what you have to think about is stop loss. Think about it beforehand and then do it later. Sir it was A wonderful interaction with you. (1:17:38) me personally Honestly, I got to learn a lot. How many? With one basic concept, you made us positive. I saw all kinds of negative things. Taught me all the trades and I didn't know From so many I Wood to so many basic concepts So powerful trading strategies can be created Can be. I am very very sure that I I'll go and practice it today, so I Historical examples can be viewed as screeners. (1:18:01) I won't look through it but I can manually Because I saw you doing it I'm going to manually go and check that. How to build it into your system I can. So sir thank you so much for giving As Your Precious Time and Morally Yours The precious knowledge you have acquired in 30 years Treasure has accumulated. (1:18:19) And your Thank you so much for the wishes for me too And for our viewers too KV We promise you that we will also try our best. We will use these things only. So That we also spend as much time as you in the market be able to spend and withstand market shocks and We were able to weather the storm of the market. (1:18:34) Thank you So much sir. And I am very sure that our Too many things in the minds of the viewers There will be questions. If someone is on your mind I have any question, any doubt, please Make sure you do so in the comments. Please ask. This is my promise to Sir that I I will take the time to forward your question to Sir. (1:18:47) And I will get you their answers. Thank you You so much guys. And first of all thank you sir So much to you. You took the time, the knowledge Share it. There are very few people who are so gain experience and learn from them There are very few people who are able to share that. They are also interested. (1:19:02) And that is the Power of a True Teacher. I would say that's the Feeling of a true teacher. Thank you so much. And thanks to all of you. please make sure Please like the video before leaving. That will be our tribute. That Will Be Ours something that we can give to our teacher that we Can give to our trainer who taught us today I've taught you so much without anyone Of expectation. So thank you so much. (1:19:20) Please like the video and subscribe the channel Please subscribe. See you next In the video. Bye-bye, take care of Yourself.