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Develop Situational awareness skills




Objective of SA is to avoid drawdowns and be proactive in adopting your trading to market conditions.

SA has to be daily exercise , you can not just think of SA when you get hit with big losses.

SA needs to be actionable. It might be like avoid new position , reduce risk to X %. Or move stops to protect profits.

SA should answer

What is your market bias today
Is there a plan to exploit it
Is there an alternative plan
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Learn to do it yourself

Do not just jump in to trade based on someone else signal. Define your setup and trade your "own" setup Keep things simple...

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Stops and exit and a setup

Stops and exit are inherent to a setup There can not be a stop or exit strategy independent of a setup. They are inherent to your setu...

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Earnings Surprise= Free Money

There are always some stocks that have significant earnings surprise either to upside or downside. Such earnings surprises lead to ralli...

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Hunt for structural setup

If I have to give one advice to a new or struggling trader, it would be to hunt for a structural setup. A structural setup is inherent to m...