Momentum Gainers ☯️

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Good question. I use to not even really watch FTDs and just watch the stocks and for the most part I still do. However, @markminervini & @dryan310 taught me if we get one to at least buy something. Today is an example where for me if we were closing near the highs on above avg volume and I hadn't done anything I'd probably take a small line in something. Even if I don't like the pivot I'll take a name and use a % stop or whatever, dip a toe. In the nastier declines most stuff won't look that good anyway so dipping a toe is always the way to go. There have been times where there were still a lot of ideas (usually corrections that were more rotational and not that deep) where I bought more prior and setups were leading indicators but I've never gotten aggressive (think 100% invested or more) out of a correction without seeing some accumulation/follow through in the general market.

Sticking to the process. Added two names to the port 2 days ago. #Granules: Large structural base. #TENNIND: Clean Primary Base. Buying the turn as they emerge from the right side. Now we let the price action guide the exposure. #StockMarketIndia #PriceAction #Trading

Nice move in #JAYNECO today, cleared a well-defined pivot. With market participation broadening & setups improving, we’ve initiated a pilot position. Starting with a "toe-dip" approach here—looking to scale into exposure as price action confirms further strength. 📈 #StockMarket

Today’s market strength was textbook. This is exactly what markets do during corrections when they get stretched to oversold levels. As I said just recently, "some of the biggest rallies occur during bear markets and corrections." Today was a perfect example. Traders rushed in after headlines hit that Iran’s president signaled a willingness to end the conflict with the U.S. The Dow exploded higher by 1,125 points. But let’s not confuse cause and effect. The news may have been the trigger, but the market was already set up for a rally. It was oversold and primed. Now comes the part where discipline matters. We ignore the first few days of a rally attempt. That’s potential noise. What matters is whether the market can follow through and whether leadership begins to emerge and proper setups develop. Technically, this is a classic snapback: Indexes that broke below the 200-day are rallying back toward it, while Indexes that held the 200-day are bouncing off it. That’s typical countertrend behavior until proven otherwise. Expect volatility to remain elevated. That’s not where low-risk money is made, but it's certainly where the risk is. Your job during corrections is simple: identify the stocks showing the best relative strength and the tightest price action. Those are your future leaders when the market finally turns. On the macro side, nothing has been resolved. Higher crude prices are still a problem. Yesterday’s rally did nothing to materially bring down oil. The bigger issue is still in play and the jury still out. Oil at these levels feeds inflation, pressures growth, and gives the Fed a reason to stay on hold longer. Yields stay elevated in that environment. To cut through all the noise, I look to the market itself, which has a much better track record of telling us the truth than the politicians, the analysts, the news, and the gurus. The four steps of the bottoming process are: 1. Oversold – The difference between an ordinary pullback and an oversold condition starts with price, but it does not end there. Poor breadth and and a lack of volume confirmed follow through describe a one-sided market, and one not to trust. 2. Rally – Inevitably, the market bounces from its oversold condition. A high-quality rally is broad-based. A low-quality rally is defined by short covering and driven primarily by the stocks that have declined the most. Again, the character of the rally is important to distinguish. So far, we simply don't have enough data to make a confident determination, so patience is the watch word while we wait. 3. Retest – After the rally, there is almost always a retest. The popular averages approach, and in some cases breach, their oversold lows. The key to a successful retest is less selling pressure, such as fewer stocks below their moving averages, fewer stocks, sectors, and markets making new lows, less total volume, and less downside volume. If the retest fails, the process reverts and we generally start looking for divergences during lower lows. In the event of unexpected news, it is possible for the market to recover in a "V" fashion with no retest. In that case, we look at breadth confirmation and participation. 4. Breadth thrusts – In the final phase, not only do benchmark indices rally sharply with few pullbacks, but they do so with an extremely high percentage of stocks, sectors, and markets participating, or what technical analysts call breadth thrusts. In rare cases, the market has skipped step 3. With strong enough breadth, retests are not necessary. The Covid bottom is an example of a pretty powerful V-shaped recovery. Bottom line: This was an oversold rally, sparked by headlines—but not defined by them, and certainly not confirmation of a reliable bottom. Now we watch: --Quality of follow-through --Emergence of leadership --Market internals and model health If the rally lacks quality, if economic pressure builds, or if leading stocks begin to deteriorate, then this remains what it likely is—a rally within a correction. Stay objective. Let the market prove itself. If you are going to trade, do so incrementally. minervini.com

When it comes to trading, I am all into compactness and simplicity. All these multi screen big office operations are for the “show.” Simplicity is for the “go.” Totally not impressed with the 10 screen layout.

@efy007 @MarkRitchie_II @markminervini @dryan310 It's Follow Through Day.

@MarkRitchie_II @markminervini @dryan310 What is FTD?

@MarkRitchie_II @markminervini @dryan310 Got it! Thanks for replying Mark. Really appreciate it 🙏🏼👍🏼

Been reading and learning a lot these days, tried a few positions in the last 3 months resulting into a net drawdown of around -0.65%. Watching some recent Breakouts for tennis ball action. Also let's see if we can get a FTD! Till then, keep learning, keep reading. #stockmarket

@MarkRitchie_II Hi Mark! Can you please tell if during correction you usually wait for a FTD even if a few (not many) setups are available before FTD? Thanks

Just to be clear I know that per classic rules today doesn't count, as technically Friday didn't close well and is day 0, that is fine. There are rare rules where today could count but that isn't the point either. The point is to be watching to see if we can see accumulation and this market hold at all i.e. a positive change in character, that is where I'm focused. Also, any accumulation day or valid FTD is NOT a signal to go hog wild but to dip a toe or make a 'mental health' buy as @dryan310 taught me. Then as you get traction and ideas you 'go with the flow' and use progressive exposure.

Always remember this

@markminervini Happy Anniversary Mark Sir 🎊🎉🎊

Celebrating 15 years of marriage and 20 incredible years together ❤️ heading out to dinner with the love of my life. I’m endlessly grateful for my wife—beautiful inside and out, intelligent, strong, and full of grace. I am truly a very lucky man.

SL was hit yesterday near the day end. Both were tiny positions as we were coming out of cash. In 100% cash again. And untill you see stocks setup and some BOs sustaining, just read, screen and sharpen your skills. #stockmarketindia #StockTrading #RiskManagement

Very volatile environment for swing purposes. Maximum Caution advised. Although markets are hovering near ATHs, stock participation is way thin. Took two positions a few days back, #VarrocEnginneering and #UnionBank. SL hit in one and another near/below purchase. #RiskManagement

Thanksgiving is a great time to remind ourselves of the things we’re truly grateful for. Real happiness comes from perspective—comparing ourselves not to those who have more, but to those who have less. There will always be someone above you and someone below you; you’ll never stay at the top forever, and you won’t remain at the bottom forever either. What truly matters is how you view your situation, what you choose to do with where you are right now, and how you feel about the journey. Gratitude turns what you have into enough, and gives you the humility and purpose to strive for more without losing sight of what's important. Happy Holiday.

For every excuse you make, I can find a thousand people who succeeded with less than you and under far more difficult circumstances. I'm one of them. Your excuses are neither unique nor definitive. And the challenges you’re facing right now? They're valuable gifts. When you learn to embrace them — to say “thank you, teacher” — you stop complaining about the past and worrying about the future and you start learning. That’s when you begin to understand what winners already know: All excuses are just excuses. We all have them. The difference is how we use them. Some people let excuses define and discourage them, and that's why they never succeed... because you will always have excuses; reasons for not trying, not committing, or quitting. Winners use challenges as opportunities to learn. They live in gratitude on the bad days, not just when it's convenient. That’s the mindset that separates those who rise from those who stay stuck. I believe in you because you are me, and we are all of us. There is nothing more powerful than a human who has made up his mind to learn and persist unconditionally. Now get your ass to work — and expect some setbacks along the way. But go confidently in the direction of your dreams, stay committed, and never give up. Love and blessing for health, wealth and happiness. 😇🙏👊🤑❤️

A quick 2R profit for us in #IIFLFinance, bought just yesterday. Doesn’t matter if the stock goes higher or lower from here — for a trader, the key is to keep turning over his edge again and again. #StockMarketIndia #RiskManagement #TradingDiscipline #MomentumTrading

Just yesterday we exited #Ixigo at cost ahead of earnings — today it’s down over 15%. That’s not a coincidence, it’s a predefined strategy. Managing risk is about improving your worst-case scenario and letting the market handle the rest. #StockMarketIndia #RiskManagement #Trading

New Position #IIFLFinance . Bought today when the stock pulled into the breakout zone and was trying to turn up, providing a low-risk entry with just a 3.2% stop-loss. #StockMarket #MomentumTrading #RiskManagement #trading