We are in conversation with Vishal Malkan in today's Christmas special episode. Explained what is RSI Indicator (Relative Strength Index)? and He does the groundwork and simplifies the concept of RSI before explaining his favorite 5-Star Swing Trading Strategy.
Vishal switched from one indicator to another, as he was not making any money. But he realized that he choose one indicator and master it. He recommends traders to go deep instead of going broad.
He starts the conversation by recommending traders to unlearn what they know about RSI Indicator. He recommends traders to forget the conventional 70-30 overbought and oversold readings on the RSI.
He shares an unconventional way of using the RSI Strategies. He describes RSI as a speedometer of car which helps you in gauging the market situation and act accordingly.
If the RSI is between 0-40 then the market is bearish. If RSI is between 40-60 then its sideways. If the RSI is between 60-100 then the market is bullish. He emphasizes that a trend trader must not waste time on stocks which are trading between 40-60 RSI.
He also explains the concept of range shift to identify trading opportunities in the market.
Vishal believes that systematic RSI trading and thorough understanding of chosen tool can make you money consistently.
Enjoy...!!
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Timeline:-
0:00 Introduction
1:43 Vishal Malkan's journey in markets
7:39 Unconventional RSI
11:32 Practical chart examples
13:20 RSI Range
18:10 RSI Range Shift
21:36 When to buy a particular stock?
27:40 Highlights and a glimpse of next episode
About Vishal Malkan:-
Vishal Malkan is the Co-founder of @Malkansview1 . He has vast experience of 25 years in the stock market. He has been conducting seminars throughout the world since many years to share his knowledge. He has helped over 40,000 people become better traders in the last 14 years.
Vishal and his wife together have won many awards for educating and influencing people to trade in the right manner over the years.
They appear regularly on various news channels to share their views on markets. They also have published a book named #Cashtag to make markets more understandable for common people.
About The Right Choices with Oracles of Dalal Street:
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our RU-vid channel.
🌐To start trading with us visit SAMCO's website: rb.gy/4kgc3
🌐 If you're looking to invest in the stock market, open a demat account with samco: rb.gy/9fugj
For more updates on the stock market and mutual funds do consider subscribing to our RU-vid channel by clicking here - / @samcosecuritiesindia
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All about RSI indicators -
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21 июл 2024
