Apoorva Sharma is a full-time equity and options trader, whose expertise lies in price behavior analysis and trend trading based on chart patterns. He has worked with various trading concepts and strategies in the market over the years, but according to him, nothing is more effective than the purity and simplicity of understanding price movements.
For Apoorva, trading is not just a profession, it is his passion and an integral part of his life. He is proud of the results he achieves every day with his trading systems and strategies. His success is a reflection of his perseverance, discipline and deep knowledge of the market.
Apoorva Sharma Trading Strategies
In this article, we will talk about Apoorva Sharma’s 5 Best trading strategies.
1. Technical Analysis
It’s not like you will be able to predict every single move just through technical analysis. Charts are a way to understand price movements. It’s a depiction of how price has been pivoting future possibilities but technically analysing a chart to determine possible future moves is a probability play. It’s not full proof & comes along with its complications that can be minimised with consistent efforts & backtesting. Learning technical is a step, not the whole game.
2. Price action
No belief system can be built without constant efforts. Price action, understanding the behaviour of price, is exactly like building a belief system. You have to disconnect yourself from your normal human behaviour and tap into a world that requires consistent efforts for you to build a new “you” Markets have never rewarded or complicated confused mind. Remember that.
3. Stoploss
ou get the feeling right? When are you absolutely paralysed to book your stoploss? Your brain forces you to wait , for price to reverse, & it never does & you end up booking an even bigger loss?
It’s just your brain’s way of delaying the pain that you might have to experience after accepting defeat, some call it ego, but it’s mostly your brain shielding you from your fear coming true.
With the chant I suggested above, you are basically trying to rewire your brain into thinking that you are in full control & taking a stoploss isn’t a situation that requires pain delaying & you are absolutely okay to handle it.
4. Fibonacci Retracement
Fibonacci Retracement, a crucial component of my price action setup. The most confusing part about plotting Fibonacci Retracement is which point to consider as the starting point? In the above video I have explained why certain point correspond better to price retracement than others.
5. liquidity identification
You donot need fancy things to trade markets. Simple price action with utmost understanding of price manipulation areas, also known as liquidity identification is what you need to master.
A full-proof way to successfully trade any breakout using trend lines, support, resistance, or chart patterns is instead of taking a bookish plain entry immediately, we wait for the price to retrace and then enter the trade with multiple confirmations. This is where price has a tendency to gather liquidity to continue the move in aforementioned direction. The trend line will guide us until the trade & trend remains valid.
Conclusion
Apoorva Sharma’s journey as a full-time equity and options trader is a testament to the power of discipline, perseverance, and a deep understanding of market dynamics. His expertise in price behavior analysis, chart patterns, and trend trading has enabled him to develop effective trading strategies that consistently deliver results.
Apoorva’s approach to trading is not just about predicting the market but about building a system that minimizes risks and maximizes opportunities. For aspiring traders, his methods serve as a valuable guide to navigating the complexities of the market and achieving long-term success. By mastering these strategies and maintaining a disciplined mindset, traders can enhance their skills and work toward financial growth in the dynamic world of trading.