Rakshith

Thank you for 100 subscribers ❤️

2 years ago | [YT] | 1

Rakshith

Hey guys! I hope you all are doing good.
I’m back now! So sorry for this huge gap on videos as I was busy preparing for my final year college projects and exams.
Now that I’m done, I’m back.
NEW VIDEO THIS WEEK STAY TUNED! 😃

2 years ago | [YT] | 3

Rakshith

Hey guys, so here’s my May month trade log. The results are amazing with 135% returns on the capital of 93,995. This is all possible if you stick to your rules and stay disciplined.
I haven’t used more than 90k on all my trades. I have traded with 10 lots (250 quantities). I have traded for 18/22 trading days in May 2023.
Here’s a thread on how I was able to achieve this.

1). Have a plan in advance.
Before every trading day, I make sure I am prepared for the next day. After a trading day, I see the charts and understand the pattern and sentiments in the market. I’ll go through what made a particular move go like that, it could be complete price action or news based.

2). Multi-time Frame analysis.
I only do intraday trades. So I go through the 1D time frame to look into the overall trend. 4H time frame to see some trend lines on short term directions. 15M and 5M for taking up trades.

3). Trading only the big moves.
I don’t scalp. I take trades with targets or SL. I don’t take any small moves even if I see the opportunity. I take small trades only on non-directional trading days because I am directional trader.

4). Take 1 good trade and close it.
What makes my profit look so well is this reason. I only take 1 or 2 trades if I am in good profit if my daily target is reached I close the system and don’t look at it until the market is closed. Same way if I’m in loss, if I reach my loss limit I close it.

5). Stick to your plan
What I mean by this is trade your setup only. Don’t get trapped in FOMO.

As you can see there is a huge -41% loss on the 17th day. That’s because I tried to fight the market and took every random trades because I was trapped really bad. I came out of my rules and it proved me right.
So stick to your plan no matter what! Have the courage to take a loss too.

Hope you guys enjoyed this thread 🧵

2 years ago (edited) | [YT] | 3

Rakshith

Trade Plan 8th May 2023
Asian markets are in green and SGX Nifty indicating a plus 30 points.
We fell like a falling knife on Friday due to the merge of HDFC and HDFC Bank, which nearly holds 15% of NIFTY. The fall was severe.
Todays plan can be break out trades of certain pivots. We still look bullish, bearishness can be seen once recent swing low is broken. Happy Trading.

2 years ago | [YT] | 1

Rakshith

Trade Plan 5th May 2023
Wide CPR, yesterday was a trending day, we are very bullish but can expect sideways today. Happy trading. Trade accordingly.

2 years ago | [YT] | 2

Rakshith

Trade Plan 4th May 2023
The US markets were very volatile due to the FED meeting and some internal bank issues. But, FED increased the rate 25 basis points (bps) as expected but the markets couldn’t sustain and NASDAQ has fallen 0.40%. The Asian markets are mixed and SGX Nifty indicating 50 points gap down.
We have been out performing the global ques to some extent whatever it is the markets are effected by technicals and local news. As I’ve told we are bullish we fell because of some resistance at important swing highs. Nifty still above 18000 so it’s buy on dips. Happy Trading.

2 years ago | [YT] | 1

Rakshith

Trade Plan 4th May 2023
Look at the US markets, Dow has fallen more than 500 points until it recovered 200 points in the latter session. The fall was majorly because I think of the local banks. There’s Fed meeting today. Asian markets are down SGX Nifty indicating a negative start of -80 points. “Sell in May and go away” is an investment strategy and its working purely fine for the global market. Our market opened gap and it has sustained above the PDH yesterday. Today the view is mixed as our market is bullish and the others are bearish. We may see some consolidation as we’re up 1800 points up in Nifty recently. So trade accordingly based on price action. Happy Trading.

2 years ago (edited) | [YT] | 2

Rakshith

Good Morning, trading day after a long weekend.
Trading Plan for 2nd May 2023.
The global ques look flat ahead of the fed meeting this week. SGX Nifty indicating a huge gap up. Technically, Nifty and Bank Nifty are completely bullish. Nifty shot up 80 points in the last 1 hour on Friday which is giving it's momentum ahead today with a gap up. It closed above 18000. Bank Nifty on the other hand also closed above 43200 and above the recent swing high which was at 43060.
Kotak Bank, RBL Bank, IDFC Bank, IDBI Bank, Central Bank, all have declared very good results which will add on the bullish momentum.
With this huge gap up, there might be chances of selling off so, to take long positions wait until the market to test previous day high.
Selling off because Bank nifty closing above the recent swing high 43062 can expect a pull back and Nifty yet to close above the recent swing high which is at 18100.
So, trade accordingly. Happy Trading.

2 years ago | [YT] | 1

Rakshith

So ending April with ROI -6%
3 bad trades killed all my gains this month.
I have learnt a lot from this one month experience. Patience and Discipline is the key.
I am currently paper trading, but trading with it like real psychology of trading with real money.
I have also realized the power of execution. Be it entering, exiting, position sizing. I am doing it all. But did a few mistakes too. Can’t wait manifest and achieve it all 🚀💯

2 years ago | [YT] | 3

Rakshith

What an amazing session today that to for a Wednesday. I caught these moves and gave me the best day of April so far. I hope y'all had a good day too.

2 years ago | [YT] | 5