Meet Shiv Mangal Singh from Gaya, Bihar, a seasoned trader with 8-9 years of experience in Swing Trading, alongside his full-time career in IT as a software developer. Shiv has mastered the art of balancing his job and trading, focusing on Harmonic patterns to identify precise entry and exit points.
In this video, Shiv explains:
Harmonic Patterns: A technical trading method using Fibonacci ratios to identify potential reversal points in the market. Patterns like the Gartley, Bat, and Butterfly guide his decisions for entering or exiting trades.
Momentum with 50 EMA: Shiv uses the 50 Exponential Moving Average (EMA) to gauge stock momentum and assess the overall trend.
Simplicity in Strategy: Shiv emphasizes keeping strategies straightforward while consistently analyzing charts to find opportunities.
We also discuss Shiv’s journey as a trader:
- The initial challenges he faced.
- The mentors who helped him overcome obstacles.
- Practical examples of how he selects stocks and evaluates whether to trade them.
Key Takeaways:
- Harmonic patterns require patience and consistent effort, as they don't provide frequent setups. However, they can align well with swing trading styles once you understand them.
- Never blindly copy strategies. Experiment, adapt, and test techniques to find what suits your trading style.
- Balancing a full-time job and trading is challenging, but Shiv shares actionable insights on how to manage both effectively.
Watch this video to learn how Shiv successfully integrates technical trading with his professional life.
If you’re looking to improve your swing trading skills or explore harmonic patterns, this podcast provides practical insights to guide your journey.
Let us know your thoughts, and feel free to suggest ways we can improve our content for you!
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0:00 Trailer
0:34 Meet Shiv Mangal Singh
5:05 Development of Trading Terminal
7:23 Telegram Call Experience
8:36 Initial Trading Days
16:50 Harmonic Patterns
29:33 When this Strategy Failed
39:31 Practical Examples of Strategy
42:05 Financials & Profit
43:34 Avoidance of Pitfalls
46:59 Why 50 EMA?
54:44 Ever considered Full-time?
59:24 Conclusion