Pivot Point Trading | Momentum Trading with Pivot Points| How to use pivot point trading

In today's episode, Apurva Sheth is in conversation with Yogesh Nanda. He will teach us about Pivot Point Trading which is a momentum strategy. It can be used to trade index and even stocks or options.

Yogesh begins with explaining the importance of risk or money management during the trade. He warns that lack of this could lead to disaster; especially in futures and options. He also emphasizes on riding with the trend to increase trade success rate. Finding a bottom may not always be a good idea. Yogesh also insists to track price closely as a primary source for providing early signals in markets.

He further mentions that Pivot points are also derived from the prices just like RSI or MACD. The advantage of pivot points is that they can be used for any timeframe from daily to quarterly and yearly. Pivot points not only help in identifying the market trend but also in sighting the phase of stock in which it is trading; bullish or bearish.

Yogesh has shown us on charts how we can identify resistances and supports for a particular stock and identify trading opportunities objectively.

We're certain that this episode will direct you towards the disciplinary system driven approach for grabbing entry and exit opportunities more effectively with pivot points.

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Timeline:-
0:00 Introduction
2:16 Yogesh's journey in markets
7:26 Book recommendation to improve your trading from Apurva and Yogesh
7:53 Trading Momentum
8:36 Reasons of failure in markets
9:50 What is momentum
12:57 About the trading process
13:59 Chart examples
15:26 Finding a trading system
17:00 Back to basics
18:00 Pivot Points system
26:22 Ideal system should...
27:27 Layers of understanding
37:37 Multi-time frame analysis
39:52 Support and resistance
43:21 Summary
45:21 Trading patterns
57:13 Guidelines
59:11 Risks
1:00:32 Highlights and glimpse of next episode

About Yogesh Nanda ( ‪@OptionsSmart‬ ) :-
Yogesh is an active trader for more than a decade with a mastery in options trading. Yogesh is a qualified chartered account. He started his career with a CA firm as an auditor. Further, he worked in risk management and investment team of Birla Sun Life Insurance.

Currently, he is providing guidance to the market traders and continuing own proprietary trades. Apart from markets, Yogesh loves to watch movies, reading motivational books and spending time with his kids.


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 YouTube channel.

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