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Learn2Trade Series: Episode 31

In this 31st Learn2Trade session, Mr. Vivek Bajaj will impart his superior knowledge. To determine a stock's strength in the stock market, he will explain the Advanced Relative Strength (RS) concept. First, he will explain the idea of Advanced Relative Strength (RS), which displays the stock's strength concerning its benchmark index, the Nifty. Then, he will demonstrate the calculations by using TradingView and StockEdge. He will go over how to apply it as a trading strategy. To begin trading in solid stocks, watch the entire video.

What You Will Learn

The journey began with a beginner's guide and progressed to include chart analysis, stock identification, sector analysis, futures and commodities trading, Forex trading, and numerous technical indicators such as moving averages, Fibonacci, and more.

The videos in this series provided participants with advanced technical indicators like VWAP, RSI, and Bollinger Bands, as well as crucial tools like TradingView for thorough chart analysis and intraday trading strategies. The series addressed a wide range of topics, as seen by the discussion of specialized strategies, including the intraday opening market strategy and Eagle scans for identifying prospective stocks.

Vivek Bajaj emphasizes the need to keep a trade log, or "Karma." Many viewers shared personal trade journals and success stories, demonstrating how effectively this approach struck a chord with them. The focus on documentation and introspection as ways to improve trade skills gives the learning process an extra dimension.

The introduction of relative strength (RS) in session 19 marked a turning point in the series. RS, a concept that compares a stock's performance to a benchmark index, was developed to give traders with a useful decision-making tool. By presenting an advanced form of RS that involves calculating returns over a certain time period using a logarithmic scale for improved relativity, the video seeks to expand viewers' knowledge of the concept.

Vivek Bajaj moves from theoretical to practical applications, explaining how to compute advanced RS in Excel. After that, the video highlights how user-friendly the TradingView platform is by integrating this knowledge into it in an easy-to-use way. The significance of selecting a suitable time frame, such as 55 days, is underscored, offering viewers a concrete approach to including advanced RS strategy in their trading strategies.

He then introduces RS scans in StockEdge, an invaluable tool for traders, giving the session a practical twist. These scans allow users to find stocks with strong or weak RS according to their individual criteria, providing for a more personalized approach to stock selection. He recommends combining RS with other indicators such as super trend, RSI, and price breakouts in order to increase the accuracy of trading decisions.

Using the sophisticated RS concept, he moves on to analyze equities like Tata Elxsi and Power Grid. He discusses the possible risks of false breakouts, and viewers are shown how to manage such situations. The video encourages constant price tracking in order to determine market dynamics, emphasizing the idea that comprehending movements in prices is critical in trading.

He introduced StockEdge as the tool to find strong stocks for trading, which offers a mix of fundamental and RS scans. He then emphasizes the significance of maintaining diversification, having reasonable return expectations, and recording profits at various points throughout a transaction. The recommended 5% return target is presented as a realistic and doable objective for traders.
He also extends a special invitation to viewers to explore StockEdge and TradingView for in-depth market research as the session comes to an end. He presents the StockEdge Club, a closed group that provides instant access to Vivek Bajaj and real-time guidance from seasoned traders.

To sum up, this video covers a plethora of information related to trading. Viewers will gain useful insights from Vivek Bajaj's excellent guidance, which skillfully combines theory with real-world applications. The combination of fundamental and technical assessments, together with a focus on community support and ongoing learning, enhance the trading journey's depth. Aspiring traders are invited to join the StockEdge Club and use the resources and expertise provided to improve their trading abilities.

Enroll in the RSI Made Easy: RSI Trading Course now & Master RSI Strategies

Frequently Asked Questions (FAQs)

Q1. What topics were covered in the Learn2Trade series prior to the 31st session?

From a beginner's guide to advanced topics like chart analysis, stock identification, sector analysis, trading futures and commodities, Forex trading, and a variety of technical indicators like VWAP, RSI, and Bollinger Bands, the Learn2Trade series covered a wide range of topics.

Q2. What is Relative Strength (RS) and how does Advanced Relative Strength (RS) differ from basic RS in trading strategies?

Conceptually, a stock's relative strength (RS) tells traders how strong the stock is in relation to the market as a whole by comparing its performance to a benchmark index. Advanced RS goes beyond basic RS by integrating a logarithmic scale and computing returns over a given time period. This offers a more detailed perspective of a stock's performance in relation to its benchmark index.

Q3. Which crucial aspects of trading strategies and market dynamics does Vivek Bajaj emphasize?

According to Vivek Bajaj, it's critical to have a diverse portfolio, set realistic expectations for returns, and record earnings at different stages of the trade. A reasonable 5% return target is shown in the videos as a goal that traders may attain.

About Mr. Vivek Bajaj

Vivek bajaj image

The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.

Learn2Trade Series: Episode 31

In this 31st Learn2Trade session, Mr. Vivek Bajaj will impart his superior knowledge. To determine a stock's strength in the stock market, he will explain the Advanced Relative Strength (RS) concept. First, he will explain the idea of Advanced Relative Strength (RS), which displays the stock's strength concerning its benchmark index, the Nifty. Then, he will demonstrate the calculations by using TradingView and StockEdge. He will go over how to apply it as a trading strategy. To begin trading in solid stocks, watch the entire video.

What You Will Learn

The journey began with a beginner's guide and progressed to include chart analysis, stock identification, sector analysis, futures and commodities trading, Forex trading, and numerous technical indicators such as moving averages, Fibonacci, and more.

The videos in this series provided participants with advanced technical indicators like VWAP, RSI, and Bollinger Bands, as well as crucial tools like TradingView for thorough chart analysis and intraday trading strategies. The series addressed a wide range of topics, as seen by the discussion of specialized strategies, including the intraday opening market strategy and Eagle scans for identifying prospective stocks.

Vivek Bajaj emphasizes the need to keep a trade log, or "Karma." Many viewers shared personal trade journals and success stories, demonstrating how effectively this approach struck a chord with them. The focus on documentation and introspection as ways to improve trade skills gives the learning process an extra dimension.

The introduction of relative strength (RS) in session 19 marked a turning point in the series. RS, a concept that compares a stock's performance to a benchmark index, was developed to give traders with a useful decision-making tool. By presenting an advanced form of RS that involves calculating returns over a certain time period using a logarithmic scale for improved relativity, the video seeks to expand viewers' knowledge of the concept.

Vivek Bajaj moves from theoretical to practical applications, explaining how to compute advanced RS in Excel. After that, the video highlights how user-friendly the TradingView platform is by integrating this knowledge into it in an easy-to-use way. The significance of selecting a suitable time frame, such as 55 days, is underscored, offering viewers a concrete approach to including advanced RS strategy in their trading strategies.

He then introduces RS scans in StockEdge, an invaluable tool for traders, giving the session a practical twist. These scans allow users to find stocks with strong or weak RS according to their individual criteria, providing for a more personalized approach to stock selection. He recommends combining RS with other indicators such as super trend, RSI, and price breakouts in order to increase the accuracy of trading decisions.

Using the sophisticated RS concept, he moves on to analyze equities like Tata Elxsi and Power Grid. He discusses the possible risks of false breakouts, and viewers are shown how to manage such situations. The video encourages constant price tracking in order to determine market dynamics, emphasizing the idea that comprehending movements in prices is critical in trading.

He introduced StockEdge as the tool to find strong stocks for trading, which offers a mix of fundamental and RS scans. He then emphasizes the significance of maintaining diversification, having reasonable return expectations, and recording profits at various points throughout a transaction. The recommended 5% return target is presented as a realistic and doable objective for traders.
He also extends a special invitation to viewers to explore StockEdge and TradingView for in-depth market research as the session comes to an end. He presents the StockEdge Club, a closed group that provides instant access to Vivek Bajaj and real-time guidance from seasoned traders.

To sum up, this video covers a plethora of information related to trading. Viewers will gain useful insights from Vivek Bajaj's excellent guidance, which skillfully combines theory with real-world applications. The combination of fundamental and technical assessments, together with a focus on community support and ongoing learning, enhance the trading journey's depth. Aspiring traders are invited to join the StockEdge Club and use the resources and expertise provided to improve their trading abilities.

Enroll in the RSI Made Easy: RSI Trading Course now & Master RSI Strategies

Frequently Asked Questions (FAQs)

Q1. What topics were covered in the Learn2Trade series prior to the 31st session?

From a beginner's guide to advanced topics like chart analysis, stock identification, sector analysis, trading futures and commodities, Forex trading, and a variety of technical indicators like VWAP, RSI, and Bollinger Bands, the Learn2Trade series covered a wide range of topics.

Q2. What is Relative Strength (RS) and how does Advanced Relative Strength (RS) differ from basic RS in trading strategies?

Conceptually, a stock's relative strength (RS) tells traders how strong the stock is in relation to the market as a whole by comparing its performance to a benchmark index. Advanced RS goes beyond basic RS by integrating a logarithmic scale and computing returns over a given time period. This offers a more detailed perspective of a stock's performance in relation to its benchmark index.

Q3. Which crucial aspects of trading strategies and market dynamics does Vivek Bajaj emphasize?

According to Vivek Bajaj, it's critical to have a diverse portfolio, set realistic expectations for returns, and record earnings at different stages of the trade. A reasonable 5% return target is shown in the videos as a goal that traders may attain.

About Mr. Vivek Bajaj

Vivek bajaj image

The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.

Other series by Elearnmarkets

Through this series, watch Vivek Bajaj simplify investing and key components required to build a habit of investing and unleash the power of compounding.

All Episodes

Other series by Elearnmarkets

Watch Mr. Vivek Bajaj introduce the basic concepts of trading and discuss the various stock market indicators.