

Mono JD
489 posts

@monoscalper
Full-Time Option Scalper|| Ex-Software Engineer || Just Getting Started











it is important to catch the outperforming sector for the day early. if you see, IT, Metal, Auto all opened strong(5mins tf). I kept watching pharma bcoz it was on the verge of breakout. I eliminated Metal as from starting, continuous red candles like nifty. IT opened higher mainly due to good result from coforge, so it was wait and watch for me. i picked persistent from the sector to trade if IT sector had crossed its day high of 9.30 candle. Same with auto sector, I was ready to trade eichermotor if the sector had given breakout above 9.20 candle. but if you see, IT and Auto failed to cross the high of the first 15 mins... on the contrary, pharma gave two weak candles and then crossed high and outperforming market as market was giving continuous red candles in nifty at that time since pharma sector was already in my radar, i kept checking pharma stocks and stocks like lupin, torrpharma were already crossing ODH... since lupin had the best setup(range BO in daily), i went for it in anticipation that pharma sector will give BO... biocon i took after pharma sector proved its outperformance hope thoda explain kar pya


















📌How To Make Trading Less Stressful? Trading is highly stressful unless you are a paper trader. If you are alone in this journey, you are not helping yourself. During my mentorship under @stocksgeeks, he told us to find a trading partner(s) with whom you can analyze charts, discuss trade ideas, and even trade together. 👉It helps in getting over self-doubts, avoiding bias, shaking off a loss easily, learning faster together, and even improving trading as a whole. ⚫️But finding a like-minded trading partner is not always easy bcoz different people have different trading styles, mindsets, and most importantly, different execution skills. 👉Finding a good trading partner is equally important as finding a good mentor. It helps in shortening the learning curve. If you find one, help each other and grow together. 🫰 ------------------ As for myself, I dont have a trading partner per se, but I am a part of a group of traders under the leadership of @RiskReward90 (Manish bhai). We dont trade together, we dont even discuss trades at times, but we unknowingly ensure the conversation stays witty so that the trading session stays a little less stressful. We have some super traders in the group @selfunmade @iKalpeshB @rahulized @nakulprathi @sanid_sethi Mohit Sidana, to name a few. Cant share the conversation screenshot coz Rahul's comments are not always suitable for kids :D




