Compplete Trader Pro: Gaurav Udani

THINCREDBLU SECURITIES
COMPPLETE
TRADER PRO
Your path to become a consistently

profitable trader
GAURAV UDANI

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Published by: Thincredblu Securities pvt ltd.

Complete trader pro -- Your path to become a consistently profitable trader
TABLE OF CONTENTS

Welcome 4
Preface & Overview 5

What to expect? 7
Course Overview 8
Expectancy 9
What is expectancy and why is it important? 9
The trap of right vs wrong 10
Percentage & Ratio 11
The trend following paradigm 12

What are trends? 12
The Rules 15
Entry 15
Stop-Loss 15
Profit - Exit 15
Trade examples 15
Trade Log 18
Fractal Pivots 19
The concept of Fractals 20
The Rules 22
Entry 22
Stop-Loss 22
Profit - Exit 22
Trade Examples 22
Trade Log 25
Risk Management 26
Trading with Indicators 27

Double Trouble 28
The Rules 30
Entry 30
Stop-Loss 30
Profit - Exit 30
Trade examples 31
Trade Log 33
Objectifying Patterns 34
Inside Bar Information 34
The Rules 36
2 @Thincredblu Securities www.thincredblu.com

Entry 36
Stop-Loss 36
Profit - Exit 36
Trade examples 37
Trade Log 39
Applying Technical Analysis to Long-term Investing 40

Investing strategy 40
The Rules 41
Entry 41
Stop-Loss 41
Profit - Exit 41
Trade examples 42
Trade Log 45
Next Steps… 46


Welcome
Thank you for choosing Complete Trader Pro - your path to become a
consistent profitable trader.

Financial freedom offers incredible ways to lead a life and trading is a
sustainable passive income model to achieve that. Thincredblu has
designed a book to help you reach that goal and become a pro trader.
This course has the take away experience from a trader to an
entrepreneur. Our journey was a roller coaster ride filled with
introspection and learning. This led us to answer many questions and
create effective tools to refine the craft and this is an attempt to share
the ways of traversing the markets every day, for the past 13 years. You
might be at any stage of your trading practice and we are here to walk
along.

Firstly, learning the right process will enable your market analysis to get
systematic. This course will introduce you to that along with strategies
defined by powerful principles.

The second outcome will be acquiring discipline in prudent risk
management which is the practice of the top 5% of consistent earners
in trading. The above said is paramount aim we wish to offer you.

Yours Truly,
Gaurav Udani,
CEO - ThincRedBlu

To get frequent updates on stock trading and our new offerings follow
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Our CEO's Twitter account - https://twitter.com/Udanii


Preface & Overview
Hi, I am Gaurav, and I am going to lead this course for you. I want to take a
minute to thank you for giving me this opportunity to add value to your
trading, and I genuinely appreciate your trust in me.

My journey started in the markets in 2006. Before that, I was working in my
ancestral family business involved in the wholesale trade of agricultural
commodities.

The first year was a roller coaster ride. I made about 70% on my capital in the
first 3 months of trading and subsequently blew up my entire trading account
within a week. This was the most excruciating time in my life, and it was
challenging to handle this emotionally.

After a lot of introspection and learning, I turned profitable and have stayed
that way since 2007. From 2007 to date, I have compounded my capital at close
to 40% annualized with only 1 year of negative returns. My initial capital of 5
lakhs has grown to over 4.5 crores over 13 years.

In addition to trading full time, I also help run my brokerage firm - ThincRedBlu
Securities.


To be honest, I don’t consider myself a trading guru or some kind of a genius. I

believe that trading can be learned like anything else, and one can hone this
skill. The right process is everything.

This course is my attempt to share with traders at large what I do and how I
traverse the markets every day. Also, it explains how anyone with the right
mindset can be successful.

I specialize in systematic trading. While this may seem complicated to a lot of
people, I can assure you it is, on the contrary, the only way to make money in
the markets. What it simply means is that all my strategies are defined by rules.
There are rules for everything I do. How to identify the trend, when to enter a
trade, when to exit, and how much capital to allocate? This has helped in
sharpening and refining my craft.

I deal with technical analysis and consider price and only price for all my
trading decisions. It is my firm belief that the picture of a stock’s current price
action and its history cannot be disputed. Further, I find that focusing on price
action provides us with specific right or wrong points. Where can we place
protective stops, and how can we limit monetary losses? As you will see during
the course, minimizing losses is paramount to the success of a trader.

At the time of this writing, I trade commodity, stocks, index, and currency
futures.

My whole aim with this course is to help you transform into a consistently
profitable trader irrespective of what stage of your trading journey you may
be in.

What is most important to realize is that trading is a zero-sum game, and only
about 5% of the people actually make money consistently. These are the
people who have an arsenal of trading strategies that they always use over a
while, and moreover, they have the discipline to follow it and imbibe prudent
risk management.


What to expect?

You aim to be profitable with your trading. I aim to help you understand how
you can achieve that for yourself.

It is essential to understand that a vast majority of traders and active
investors, for that matter, are losers. I have heard some people pay educators
several lakhs to help them with their trading and find an edge or the secret to
generating fabulous returns in the markets.

You probably feel that you’ve been through a cycle of trying various methods
and have read all books you could get your hands on. There are a lot of
beginners out there, just like you. This constant moving back and forth can get
extremely frustrating, and it causes many to give up.

It is vital to understand why and how profitability indeed occurs in the world of
trading. For this, I have dedicated one whole chapter. We will cover it at a later
point. For now, just know that by the time you are done with this course, you
are going to have an extremely different perspective on trading.

So what can you expect to get out of this curriculum?
My single agenda here is to enable anyone reading this material to be a
consistently profitable trader. Having said that, it is crucial to define and
understand what it means to be consistent and profitable.


I have come across many people aspiring to make a fortune virtually overnight
when they first start trading, and that right there is the problem.

There is no magic wand here. This is a business. If you treat it that way, there is
significant wealth to be made. If you abuse it, however, the markets will take
everything from you and then some more.

When I say consistent, it means that your trading profits are not random,
where you make money sometimes and lose it a few other occasions. I expect
you to be in control of your trading, drive your business instead of being
driven by whims and fancies.

When I say profitable, it means that you can expect to make anywhere between
30-40% per year. (Yes, you read that right. It's per year, and not per month or
per day) Did you really think making 30% per day or month is possible?

I can say this with confidence for 2 reasons. The Indian markets throw up
opportunities very often to make a decent and consistent return off trading.
Secondly, I have done this with my own trading over the past 13 years and have
a real track record to prove it.

Course Overview

Let’s quickly go over what exactly we will be covering through this book

Chapter 2 is all about Expectancy. It’s the most fundamental and vital concept
when it comes to trading. You need to understand this and internalize it. So
there’s a whole chapter dedicated to it.
Chapters 3 & 4 we introduce 2 powerful trading strategies namely the trend
following paradigm and the fractal pivots.

Chapter 5 is about risk management & position sizing. No matter what you do,
please do not skip this one.

Chapters 6 & 7 we delve into another set of powerful trading strategies, which
involves working with indicators and patterns.

Chapter 8 we look at one of my favourite strategies which is about applying
technical analysis and price action to long term investing, and also
summarises the whole thing we learned.

In Chapter 9 I will guide you on where you should be heading after reading
this book.

Expectancy
What is expectancy and why is it

important?
In this chapter, we will cover and lay the foundation of profitable trading; more
importantly, understand what profitable traders do that sets them apart from
rookies.

Let's say we put 100 consistently profitable traders in a room and ask each to
discuss his/her trading style and techniques. In my experience, while each
person would use different tools and methods, they would all be trying to
achieve the same goal - generate profits.

Some may use fundamental analysis, some technical analysis, and a few
others follow their gut feel and intuition. The point is that if all of the 100
traders are consistently profitable through using different techniques, the
common underlying cannot be the tools or methods being used.

Think about the trading / investing styles of successful market participants
around us. Warren Buffett, George Soros, and Peter Lynch have such varied

investment/trading styles and approaches to necessarily achieve the same

goal, which is - profits.

The critical thing to note here is that it doesn't matter which indicator, tool, or
software package is superior. These are just a means to an end, and nothing
more, and can't make money by themselves.

Then what is the common denominator here, you may ask. It's a valid and
excellent question, and the answer is simple - Mathematics. We'll see this
shortly.

The trap of right vs wrong

We are raised since the very beginning of the concept of right and wrong. It is
ingrained deep within us. However, in the trading arena, being right/wrong
has nothing to do with being a successful trader and making profits. If you
believe, like most people, that the most essential aspect of successful trading
is about being right, you're wrong. It's only your ego you caressing.

You can be a highly profitable trader and lose more often than not. This
concept may not sit well with most people since they believe that to be
successful, one has to be right.

Trading profitably can be best understood by breaking it down into simple
pieces, and at the root lies a powerful principle of Expectancy. This is the
common denominator among all profitable traders regardless of the tools
they use.

Let me ask you this, would you prefer to risk Rs. 1,000 to make Rs. 2,000 or risk
the same Rs. 1,000 to earn Rs. 5,000. The answer is straightforward, who wouldn't
want to make more for the same unit of risk?

Once the probability of success (or the possibility of being wrong) enters our
mind, our judgment tends to get clouded. So, we revert to our core beliefs of
right and wrong.


Percentage & Ratio

There are 2 essential terms we need to familiarize ourselves with.

Win percentage
Win / Loss Ratio
The first is self-explanatory, and it merely states the accuracy of your trading.
That is how often you are right.

The Win / Loss ratio is calculated as the average profitable trade divided by
the average losing trade.

If, after 20 trades, the average winner is Rs. 5,000, and the average loser is also
Rs. 5,000, then the win/loss ratio is equal to 1. When the average winner is Rs.
10,000, and the average loser is Rs. 5,000, then the win/loss ratio equals 2.

So think of the win/loss ratio of 1 to be the breakeven line. Our aim and goal
are to be in positive Expectancy. So if a trader can maintain a win/loss ratio of
2, even if his win percentage is only 40%, he will still be profitable.

This is the essence of profitable trading.

In my personal experience, I have been able to manage an expectancy ratio of
close to 2.5, and my win percentage is about 40%. This has been enough to
generate an annualized return of about 42% over the past 13 years.

Let's summarize, win percentage is not significant; what is essential is the
Expectancy of your trades. This is what determines profitability, and in
trading, one can be very successful by being right only 40% of the time.


The trend following paradigm
Welcome, I am grateful and excited. If you have made it so far, I have been able
to provide some value, and I can assure you that the journey only gets better
from here on.

What are trends?

So far, in this course, we have covered a brief introduction and also referred
as the foundation of profitable trading i.e., understand expectancy.

Moving on, let’s dig deeper and take a look at this amazing trading strategy
that I have for you today. I have used this one for a really long time, and it is
one of the simplest yet very powerful.

The premise of this approach is going to be trend following.

It is imperative that we first understand what trend following means and get
the core conceptual understanding of why and how it works.

A trend is a sustained direction price of particular security follows. Trend
following simply means taking and building positions in the direction of the
Trend.


Trend following as an approach is unique in the sense that no other piece of
information matters at all except the price of the given instrument.

It is a compelling idea. Because contrary to what most people think, in a
trend-following strategy, all you would need is a price chart of the given
instrument, and nothing else. It assumes that prices discount all information
about that security in question.

So let’s look at this particular strategy we are going to learn today:

Name: Triple DEMA

Instrument universe: Stocks from CNX NIFTY 500, highly liquid commodities
like Gold, Silver & Crude oil

Type: Long only

Time frame: Daily

Average Holding period: 15-60 days

How many trades can you expect: 50-60 potential trades/year

Indicators used: Double Exponential moving average (DEMA) 10 period, DEMA
25 period & DEMA 75 period

Plotting the indicators: The indicators we use for this strategy are readily
available out of the box with any charting software. let’s see this in detail with
the help of some images below.

First, we plot the 10-period DEMA on the chart, please see the image below



Next, we move to plot the 25-period DEMA on the chart.

Lastly, we plot the 75-period DEMA.


The Rules

Entry
When the 10-period DEMA crosses over both the 25 & 75-period DEMA

When the 25 period DEMA crosses over the 75 period DEMA.

We need to enter on the close of the candle on which the above conditions are
satisfied
Stop-Loss
When the trade moves against us, we get an indication that we need to book a
loss and get out of that trade. In this particular strategy, we use the lowest low
value (LLV) of the previous 3 candles as our stop-loss point.
Profit - Exit
Just as we set up stop losses for our exits, we also need to be mindful of when to
take profits. In this strategy, we exit when the 10-period DEMA crosses below the
75-period DEMA.
Trade examples
Indusind bank

Asian Paints
Hindustan Unilever

Jsw Steel
As you can see from the above trade examples, all trades aren't profitable. This
strategy is bound to not work during sideways markets. Another critical point to
note is that we should stay away from penny stocks and focus instead only on
high-quality companies within the CNX NIFTY 500 universe of stocks.
Alternatively, one can even look at heavily traded commodities.
The premise of any trend following set up will be that you will never end up with
catching the tops or bottoms. Instead, you will be left with what's left in the
middle. This is very important to understand as most of us are obsessed with
catching tops or bottoms. Not only is this futile but detrimental to what our end
objective is, which is making profits.


Trade Log
Just some of the trades I have taken using this system in the past.
Instrument Type Entry Exit P/L (%)
Hindustan petroleum Long 287.85 297.35 3%
Indiabulls Housing Finance Short 611 266 56%
Bharat Petroleum Long 379 516 36%
UPL Short 663 693 -5%
Zee entertainment Long 351 323 -8%
Nifty Long 10914 11418 5%
Silver Long 38024 45515 20%
Crude Long 3966 3861 -3%
Gold Long 32680 37750 16%


Fractal Pivots
The concept of Fractals

Previously we covered the Double EMA strategy, and I trust that you have
started applying the same in your trading.

Today we look at another strategy that I have used over and over again in my
trading.

The concept of Fractals was first introduced by Bill Williams in his book
“Trading Chaos,” and upon reading it, I began applying it to my own trading. I
have been using fractals since 2007, and it has done wonders for my trading.

Here, I will outline a straightforward fractal trading strategy. But first, before
we go to the actual rules, it is essential to understand what fractals are and
how to interpret them.

The fractals are plotted as a 5 bar pattern, and they look somewhat like this:



Here, we can see that this specific 5 bar pattern gives us what I like to call,
fractal pivots both on the up and the downside.

These pivots essentially act as the breakout levels, which is at the root of the
price structure of the given instrument.

So let’s look at this particular strategy we are going to learn today:

Name: Fractal Breakout

Instrument universe: Stocks from CNX NIFTY 500, highly liquid
commodities like Gold, Silver & Crude oil

Type: Long & Short

Time frame: 60 minutes / Daily



Indicators used: Double Exponential moving average (DEMA) 200
period, Fractals

available out of the box with any charting software. Let’s see this in detail with



Firstly, we plot the 200-period DEMA on the chart. Please see the image below.

Next, we move to plot fractals.

The Rules
Entry

Closing price should be above the 200 period DEMA
Price should go above the up-fractal pivot
The Fractal pattern must be formed above the 200-period DEMA
Buy when the price goes above the high of the signal bar
Inverse for short trades

Stop-Loss


The immediate previous down fractal pivot is the stop-loss for this strategy.

Profit - Exit

Price closes below the 200-period DEMA

Simple right?

Let’s take a look at a few trade examples.

Trade Examples

Bajaj Finance


HDFC

DHFL


Nifty

Fractals are the roots and the inherent structure of any instrument across the
world. The premise is straightforward to flow, and be one with the markets,
want what the market wants. Don't try and anticipate or second guess the
markets. Fractals provide a beautiful mechanism to give you a solid structure
to figure out what the market really wants.


Trade Log


Date Instrument Type Entry Date Exit P/L P/L
(%)
1/10/2017 BHEL Long 85.7 30/05/2017 99.95 14.25 16.63
23/07/2017 INFOSYS Long 798.5 23/09/2017 760.15 -38.35 -4.80
20/09/2017 COLGATE Long 1397.5 25/09/2017 1488.9 91.4 6.54
27/02/19 ACC Long 1398 4/9/2019 1636 238 17.02
10/9/2019 DLF Long 147.3 10/10/2019 143.85 -3.45 -2.34
20/05/2019 DABUR Long 377.3 18/06/2019 399.15 21.85 5.79
8/1/2019 GOCP Long 605.55 8/3/2019 640.35 34.8 5.75
22/02/2019 AMBUJACEM Long 210.7 14/08/2019 231.6 20.9 9.92
16/08/2018 DIVISLAB Long 1161 9/4/2018 1265.5 104.5 9.00
9/4/2019 ONGC Long 119.4 9/11/2019 126.85 7.45 6.24


Risk Management
No trading course would be complete without discussing risk management. I

am always amazed at seeing so many people ignore this fundamental
principle of trading. Proper risk management and position sizing is probably
the single biggest differentiator when it comes to profitability. It determines
how long you will survive as a trader.

It all comes down to this. The more you bet on a single trade, the more volatile
your returns will be. The more volatile your account balance is, the higher the
emotional roller-coaster you will experience, and trust me, this is not a good
state of mind to be in. If you have chosen to trade as a serious business, it will
wreak havoc in your personal and professional life.

One of the simplest ways to manage your risk is to divide your capital into
equal parts. In my trading, I usually divide it into 10 equal parts. So let’s say the
starting capital was to be Rs. 1,00,000, then we allocate Rs. 10,000 to each
trading position and not more.

The second rule to remember here is to limit your risk per trade to not more
than 2% of the overall capital. So if the capital is Rs.1,00,000, then you should
have protective stops in a way that you don’t lose more than Rs. 2,000 on any
given trade.


Trading with Indicators
Double Trouble
Now that you have covered the risk management series, I trust that you are
confident in your trading approach and feel more in control.

Having covered that along with a couple of strategies, I trust that your trading
has improved, and it has given you a new dimension to think from.

Continuing, in the following 3 chapters, we will cover 3 of my favorite
strategies, which have proven to be extremely beneficial to me, and I want to
share them with you.

This chapter is on a straightforward and profitable strategy, which is
something I believe you will use over and over again in your trading.

Name: Double Trouble


Type: Long & Short


Time frame: 60 minutes / Daily



Indicators used: Heiken Ashi Candles, Double Exponential moving
average (DEMA) 100 period, MACD

available out of the box with any charting software. Let’s see this in detail with

First, we plot the 10-period DEMA on the chart, please see the image below

First, plot the Heiken Ashi candles instead of the regular candles.

Next, we plot the 100-period DEMA on the chart, please see the image below.



And then, we plot the MACD.

The Rules
Entry

Closing price should be above the 100 period DEMA
MACD should be above the signal line
Heiken Ashi should be a green candle
Vice versa for short trades

Stop-Loss

Previous red Heiken Ashi candle, you can even use the previous pivot low if
you wish, vice versa for short trades

Profit - Exit

Price closes below the 100-period DEMA


Simple right?

This is the power of keeping the rules simple and defined, it helps in
maintaining discipline and keeps our thinking objective.

Let’s look at some trade examples.

Trade examples

Bata India

Yes Bank



Berger Paints

Ashok Leyland

Having learned this strategy, you must apply it in your trading. Just going
through this course without actually trading will not help you. You must start
taking trades based on these strategies.

This set up is convenient if you are someone who prefers indicators over price
action. While it gives you good confirmation on your trades, it also filters a lot
of noise in the markets, which can help increase the win rate of your trades.


Trade Log


Date Instrument Type Entry Date Exit P/L P/L (%)
10/1/2019 PGHL Short 12104.65 10/10/2019 11331.95 772.7 6.38
3/5/2019 ICICI Long 355 25/03/2019 385.3 30.3 8.54
24/09/201 KOTAK MAHINDRA Long 1624.65 24/09/2019 1597.6 -27.05 -1.66

9
3/8/2019 INDIGO Long 1239.6 4/2/2019 1392 152.4 12.29
29/05/2019 GAIL Long 358.8 30/05/2019 355.7 -3.1 -0.86
20/02/2019 MOTHERSUMI Long 135.2 19/03/2019 161.35 26.15 19.34
20/11/2019 BIOCON Long 204.95 27/12/2019 269.15 64.2 31.32
16/10/2017 IDEA Long 48.7 11/7/2017 58.3 9.6 19.71
20/09/2019 BPCL Long 384.6 25/09/2019 454 69.4 18.04
10/4/2019 ITC Short 258 10/11/2019 244 14 5.43


Objectifying Patterns

Inside Bar Information

I am thrilled to see you here. This means that you are deriving value from this
course, and you are trading with confidence. Nothing makes me more happy
and satisfied than to see fellow traders succeed with their trading and goals.

Today’s chapter is dedicated to teaching you probably the simplest strategy
that I use in my trading. When I first came across it back in 2009, I almost
laughed at how simple it was and refused to believe it would ever work. I was
so wrong. In the last 10 years, I have had some of the best trades with this
strategy.

We are going to use a candlestick pattern for this, and I call it the inside bars
formation pattern. Let’s understand how it works, and then we’ll look at a few
example trades too.

Picture this, there is one candle that engulfs the entire series of subsequent
candles. In the sense that all the following candles are inside the engulfing
candle. This is a hugely significant price action, and the market is giving us a
clue as to what might happen next.

This formation is essentially like a consolidation box where the marketing is
essentially taking a breather before its next move.


Name: Inside Bar Formation


Type: Long & Short

Time frame: Daily



Indicators used: Double Exponential moving average (DEMA) 25 period
of the High, DEMA 25 period of the Low

available out of the box with any charting software, let’s see this in detail with

First, we plot the DEMA 25 period of the high

Next, we plot the DEMA 25 period of the Low



The Rules
Entry

For longs, the engulfing candle should be formed above the 25 period DEMA
of the high
For shorts, the engulfing candle should be formed below the 25 period DEMA
of the low
Enter at the break of the High/low of the engulfing candle depending on
whether it is a long or short trade

Stop-Loss

High / Low of the engulfing candle depending on whether it is a long or a
short trade.

Profit - Exit

If long then close below the 25 period DEMA of the low and if short then close
above the 25 period DEMA of the high.

Simple right?



Trade examples
CEAT

Axis Bank


State Bank India

Reliance Industries

I will admit trading patterns is not everyone’s cup of tea. Usually, the kind of
patterns that we see on the internet has too much subjectivity in them. Also, it
becomes nearly impossible to identify them with conviction as they are being
formed. With my trading, I like to keep things really objective, and I strive to
keep discretion at the barest minimum level. This helps me stay disciplined
and manage my emotions much better.


Trade Log

Type Instrument Date Entry Date Exit P/L P/L (%)
Short BAJAJAUTO 5-Jul-19 2864 8-Aug-19 2703.75 160.25 5.60
Long BATAINDIA 6-Feb-19 1195 6-May-19 1373.45 178.45 14.93
Long COLPAL 16-Nov-18 1138.95 25-Jan-19 1288.3 149.35 13.11
Short AMARAJABAT 3-Apr-19 712.5 4-Jul-19 648.2 64.3 9.02
Long HDFCBANK 2-Apr-18 950 2-Aug-18 1065.1 115.1 12.12
Long HAVELLS 28-May-18 552 5-Sep-18 660.4 108.4 19.64
Long MARICO 5-Jan-17 261.6 19-Jun-17 310.05 48.45 18.52
Short ITC 31-May-19 287 23-Sep-19 254.85 32.15 11.20
Long APOLLOTYRE 25-Jun-19 202.4 18-Jul-19 183.9 -18.5 -9.14
Long AMBUJACEM 4-Jan-18 274 22-Jan-18 266.7 -7.3 -2.66

Applying Technical Analysis to

Long-term Investing
Investing strategy
Since this is the last chapter of this course, I have left the best for the last, and
this is more of a longer-term investing strategy. I have always been asked that
is it possible to trade/invest in the long term using price action and technical
analysis.

This strategy is my answer to that.

For this strategy, we are using a unique indicator based on the Average True
range concepts. Without getting into complicated jargon, understand that all
this indicator does is use the average range of the price of that instrument
and gives us a good indication of where prices may be headed in the future.

Let’s dig right in.


Name: Investing strategy

Instrument universe: Stocks Small, Mid and large-cap stocks

Type: Long

Time frame: Weekly

Average Holding period: 1-2 years


Indicators used: Super trend

available out of the box with any charting software, let’s see this in detail with

We just need one indicator for this strategy i.e., a super trend with parameters
of factor - 2 and periods 14.

The Rules
Entry

Enter when price breaks super trend on the upside

Stop-Loss

Trail with super trend

Profit - Exit

Trail with super trend

Simple right?



Trade examples
Hindustan Unilever

Eiher motors


Bajaj Finserv

Vinati Organics

The most important things to consider in this strategy is to only invest in
high-quality companies, some rules for filtering stocks are as follows:

Return on equity >= 12
Growth rate >= 10
Debt to Equity ratio <= 1
Interest coverage ratio >= 2
Market capitalisation >= 500

This brings us to the end of this course, and I really appreciate you taking the
time to go through it. I hope I have been able to add some value to your
trading journey.


I want to go over a couple of things quickly before we call it a day.

What you need to understand is that trading is like any other business, and
there are days when you will make money. Then there will be days when you will
lose money. This is part and parcel of the trade. Your losses are actually your
cost of doing business.

It is also important to realize that trading is simple but not easy.

You need to put in the work, the stock markets are not an ATM machine as
they say there is no free lunch.

You need to develop and have an objective set of rules that you can use to
plan your trades and your job as a trader is to meticulously execute the plan.

This business is 90% psychology and 10% numbers.

By completing this course, you now have access to all the tools and strategies
that you need to become consistently profitable in this profession. But the
cold fact remains that despite this, not everyone is going to end up being
profitable. This is where psychology becomes very important. While some
people want to be right on all trades, others expect to make 10x returns in 1
year. This is what leads them to trade in a way that is undoubtedly going to
result in disastrous results.

With this, I take your leave and wish you all the very best. If you have followed
this course in the right spirit, I can assure you that you are already amongst
the rare breed of profitable trades.

Feel free to get in touch with me. I am always happy to help!


Trade Log
Type Instrument Date Entry Date Exit P/L P/L (%)
Long BATAINDIA 12-Nov-18 1036 27-May-19 1323.65 287.65 27.77
Long ADANIPORT 1-Aug-16 233 27-Nov-17 386.9 153.9 66.05
Long INFY 11-Dec-17 509.65 8-Oct-18 678.8 169.15 33.19
Long ASIANPAINT 20-Feb-17 1009.9 25-Sep-17 1131.7 121.8 12.06
Long AMBUJACEM 10-Mar-14 186.5 23-Mar-15 250.45 63.95 34.29
Long RELIANCEIND 2-Jan-17 542.5 1-Oct-18 1048.85 506.35 93.34
Long ICICIBANK 14-May-18 314.5 19-Aug-19 395.4 80.9 25.72
Long AXISBANK 25-Apr-16 478.5 19-Sep-16 557.45 78.95 16.50
Long APOLLOHOSP 10-Aug-15 1463.85 9-Nov-15 1249 -214.85 -14.68
Long APOLLOTYRE 1-Jan-18 271.5 29-Jan-18 249.5 -22 -8.10

Next Steps…
This marks the end of your first step towards being a profitable trader, are
you ready for step 2?
This is the part where I personally mentor you and guide you.
Here’s how it works.

You can go ahead and sign up for a free account at Thincredblu, don’t worry
one of my colleagues will get in touch with you soon, alternatively you can
send me an email, gaurav@thincredblu.com

Once you have finished that, you can head over to the app / play store and
download SKY, it is our trading platform that we will be using.

We have developed a set of algorithms which help us identify high probability
trading ideas in the equity and the futures segments which I share with you
ongoingly on Sky, I also share a detailed performance snapshot of these trade
ideas so you can get a sense of what’s happening and keep a track.

All in all you get to see and learn hands on, as to how I trade and more
importantly manage by emotions while at it.

See you there!

Compplete Trader Pro: Gaurav Udani

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THINCREDBLU SECURITIES

Your path to become a consistently

Preface & Overview 5

The trend following paradigm 12

Trading with Indicators 27

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Applying Technical Analysis to Long-term Investing 40

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Preface & Overview

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To be honest, I don’t consider myself a trading guru or some kind of a genius. I

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What is expectancy and why is it

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investment/trading styles and approaches to necessarily achieve the same

The trap of right vs wrong

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Percentage & Ratio

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The trend following paradigm

What are trends?

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Alternatively, one can even look at heavily traded commodities.

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Instrument Type Entry Exit P/L (%)

Hindustan petroleum Long 287.85 297.35 3%

Indiabulls Housing Finance Short 611 266 56%

Bharat Petroleum Long 379 516 36%

UPL Short 663 693 -5%

Zee entertainment Long 351 323 -8%

Nifty Long 10914 11418 5%

Silver Long 38024 45515 20%

Crude Long 3966 3861 -3%

Gold Long 32680 37750 16%

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The concept of Fractals

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1/10/2017 BHEL Long 85.7 30/05/2017 99.95 14.25 16.63

23/07/2017 INFOSYS Long 798.5 23/09/2017 760.15 -38.35 -4.80

20/09/2017 COLGATE Long 1397.5 25/09/2017 1488.9 91.4 6.54

27/02/19 ACC Long 1398 4/9/2019 1636 238 17.02

10/9/2019 DLF Long 147.3 10/10/2019 143.85 -3.45 -2.34

20/05/2019 DABUR Long 377.3 18/06/2019 399.15 21.85 5.79

8/1/2019 GOCP Long 605.55 8/3/2019 640.35 34.8 5.75

22/02/2019 AMBUJACEM Long 210.7 14/08/2019 231.6 20.9 9.92

16/08/2018 DIVISLAB Long 1161 9/4/2018 1265.5 104.5 9.00

9/4/2019 ONGC Long 119.4 9/11/2019 126.85 7.45 6.24

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No trading course would be complete without discussing risk management. I

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Trading with Indicators