Nikita Poojary's Threads | Buzz Chronicles

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book

The stock exploded & went up as much as 63% from my price.

Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
— Manas Arora (@iManasArora) June 22, 2020

Post that the plight of the

What an extended (away from averages) move looks like!!

If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
— Manas Arora (@iManasArora) June 24, 2020

Example 2: Booking profits when the stock is extended from 10WMA

10WMA =

#HIKAL

Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended

Total revenue: 11R * 0.25 (size) = 2.75% on portfolio

Trade closed pic.twitter.com/YDDvhz8swT
— Manas Arora (@iManasArora) July 2, 2021

Another hack to identify extended move in a stock:

Too many green days!

Read

When you see 15 green weeks in a row, that's the end of the move. *Extended*

Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K
— Manas Arora (@iManasArora) August 26, 2019

Nikita Poojary
@niki_poojary

Mr. Vijay Kedia built a net worth of over Rs. 800 crores.

But you probably never read past that headline.

So I binged hours of interviews to learn his investing principles and strategies.

Here are 20 lessons on investing from @VijayKedia1 Sir:

Collaborated with @AdityaTodmal

Before I start, a quick disclaimer, please don't ape his portfolio.

As the entry price, horizon and risk appetite would be far different than yours.

Rather lets draw inspiration and try to learn his stock picking skills.

Now let's DIVE IN👇

1/ Started off as a trader:

- Soon, beginner’s luck started to fade out and loses started to mount, to an extent where his mother was about to sell her ornaments.

- Although he was able to dodge the situation.

- This incident taught him the biggest lesson to have a stop-loss.

2/ Punjab Tractors:

- In 1990, he made his first investment by putting in his 10-years savings of Rs 35,000 in this stock, based on a news trigger that tractor industry will witness a turnaround.

- It worked and fetched him 4-5 times which he calls it as a fluke.

3/ He believes that an investor must possess three qualities:

i. Knowledge,
ii. Courage, and
iii. Patience.

Nikita Poojary
@niki_poojary

Time for a Thread🧵On yesterday’s “F&O Pe Charcha - Diary Of An Option Seller” with @Mitesh_Engr by @Paytm Money

Why Gain/loss ratio is important that the batting average
• More than the Win Loss ratio check the total Gain /loss ratio
• If your avg loss is 1% and avg gain is +5% then even if you are losing in 7 positions and winning in 3 out of 10 still you will be net profitable

Treat Trading as a business:
• Stick to a single strategy. Eg: A restaurateur usually wouldn’t be changing his recipe on a daily basis
• Mitesh Sir only works on BO or BD strategy, as he is a versatile trader

• Any trader should atleast experience 3 scenarios i.e. bull, bear & consolidation
• Target 4% per month i.e. 48% p.a.
• Option buying requires skill, everyday there wont be huge momentum, so buying options won’t yield good results, but high chances of falling into a bad habit

Stock Selection:
• In F&O segment there are ~150 stocks
• Not everyday all stocks will move
• Only 5-7 stocks move upside or downside
• Focus only these momentum stocks
• Check which one is moving
• Range BO/BD never disappoints. BO/BD from a rectangle (consolidation)

Nikita Poojary
@niki_poojary

Undisputed champion 🏆 in option selling and undoubtedly India's best trader @Mitesh_Engr Sir

Lessons on how to trade in such difficult times from the Indian Options Conclave 3.0 by Jainam Broking Ltd

Time for a🧵

Collaborated with @AdityaTodmal

How to trade in options during high volatility i.e. India vix>22-23 ?

In the current scenario, option sellers who are deploying strangles are unable to make money

E.g.: If a trader is selling a strangle of Rs. 100 each leg then during a fast momentum on either side, one leg becomes 80 & the other one Rs. 200
So overall, the strangle seller is at a loss

Strangles & Straddles are easy to manage in low vix

During high vix, find reversals

Mitesh Sir follows 3min TF in Bank nifty futures chart

Specimen:

Nikita Poojary
@niki_poojary

I have recd a lot of queries on exactly which video did Subasish Pani taught this set up..
Folks you can check his y'days video

Although, I have learnt this extended move set up from @iManasArora 🙌

Do follow him & check his timeline for such set ups!

#BANKNIFTY
90degree upmove qualifies for abnormality, be cautious \U0001f6a8 pic.twitter.com/uyFCMpGOuR
— Nikita Poojary (@niki_poojary) November 30, 2021

I shorted the ATM CE's which Subasish Pani does, and hence I mentioned strike selection inspired by Mr. Pani!

Nikita Poojary
@niki_poojary

90 million active demat accounts in India.

Less than 1% understand Fibonacci retracement.

This mega thread will help you understand better—starting today:

Collaborated with @AdityaTodmal

1/What is Fibonnaci (Fibo) retracement?:

•Fibo retracement levels help us to identify potential reversal area or identifying potential entry point after a pullback.

•It represents various levels of significance within a swing high and low.

2/How to plot the Fibo?

•Spot the recent swing high & swing low (usually a peak & a low) on a chart.

•Plot the Fibo on these points.

•You'll get 5 key levels of support & resistance (S/R) in between the peak & low.

•Key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, & 100%.

3/ Importance of retracement levels:

• The retracement level forecast can determine the level at which retracement is likely to occur.

• These retracement levels offer traders a favourable entry to open new trades in the direction of the trend.

4/ When to apply Fibo:

•Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.

•Applying it in range bound markets would turn out to be a futile exercise.

Nikita Poojary
@niki_poojary

@Kunaljain_007 #HDFCBANK
Flag & pennant formation

Nikita Poojary
@niki_poojary

7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.

Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used

Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.

Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk

Nikita Poojary
@niki_poojary

@AdityaTodmal Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

& Mark Minervini Books

Nikita Poojary
@niki_poojary

#ICICIBANK
Bullish pennant in the making

Nikita Poojary
@niki_poojary

The most practical & effective resources on option trading comes from real traders

THREAD: Playbook on option selling to grow your knowledge & P/L account

Collaborated with @AdityaTodmal

1. Basics of Option selling

• The A,B,C,D one should be aware of before taking a plunge into option selling

THREAD: 14 of the best resources/topics for anyone who wants to start option selling as a career. \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) March 13, 2022

2. @Mitesh_Engr Sir's process for positional option selling

A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

\u2022 How to find direction
\u2022 Which options to sell
\u2022 How to deploy capital
\u2022 Exit criteria
\u2022 What ROI he targets weekly
\u2022 What % risk he takes

Done with the help of @niki_poojary pic.twitter.com/tcTKV02oO2
— Aditya Todmal (@AdityaTodmal) July 4, 2021

3. How @Mitesh_Engr sells options on an

Catch me if you can @Mitesh_Engr

Time for a\U0001f9f5
Mitesh Sir's EXPIRY Option Selling 101:
\u2022 What to look for?
\u2022 Strike Selection & Ratios
\u2022 SL mgmt
\u2022 Avoiding freezes
\u2022 Monthy Expiry
\u2022 Event days
\u2022 How he would have traded last expiry?

In collaboration with @AdityaTodmal pic.twitter.com/9uN2vQQ4hc
— Nikita Poojary (@niki_poojary) July 17, 2021

4. Transcript of @Mitesh_Engr Sir's “F&O Pe Charcha - Diary Of An Option

Time for a Thread\U0001f9f5On yesterday\u2019s \u201cF&O Pe Charcha - Diary Of An Option Seller\u201d with @Mitesh_Engr by @Paytm Money
— Nikita Poojary (@niki_poojary) August 1, 2021

Nikita Poojary
@niki_poojary

👉 Free courses on Options
👉Free trading scanners
👉Powerful lessons from Power of Stocks videos
👉Mr. Radhakishan Damani's inspiring journey as a trader, investor and entrepreneur & much more

🧵 The 10 best threads from April 2022 (that you may have missed):

10 Powerful learnings on Directional trading:

The best traders are all directional traders.

We should be investing our time into learning what the best traders are doing.

I have traded with @niki_poojary for the past year, who is an aggressive directional trader.

Here are my 10 learnings trading with her: \U0001f9f5
— Aditya Todmal (@AdityaTodmal) April 1, 2022

Best Threads from Q1

Twitter is a free university.

But 98.8% missed out on the best content on this platform.

Here are the best threads from Q1 2022:

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) April 3, 2022

How to develop a right mindset and draw inspiration from Pro traders

"Nothing can stop the man with right mental attitude from achieving his goal, nothing on earth can help the man with the wrong mental attitude" - Thomas Jefferson

Thread: Psychology, being grateful, draw inspiration & the trading RoI's\U0001f9f5

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) April 2, 2022

12 Powerful concepts from Power of Stocks (by Subashish Pani)

There are plenty of videos of Subhasish Pani from Power of Stocks.

You already know those.

Instead, here are 12 concepts from his videos that will make you a better trader\u2013\u2013not worse:\U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) April 17, 2022

Nikita Poojary
@niki_poojary

#HDFCBANK https://t.co/jQcxQZ3K1b

#HDFCBANK
15min TF rectangle formation pic.twitter.com/vgb7DFRYrJ
— Nikita Poojary (@niki_poojary) October 13, 2021

Nikita Poojary
@niki_poojary

Celebrating 1million followers of #Powerofstocks a youtube channel by #SubasishPani

A VIDEO 🧵: 8 CONCEPTS THAT YOU JUST CANT AFFORD TO MISS OUT!

Collaborated with @AdityaTodmal

1. How to draw support and resistance?

• Spot the U-turns i.e. the bend in the existing trend.

• He explains the change in the polarity concept here.

Example 1: How to draw support and resistance on charts

The more any Support /Resistance is tested the more it becomes weaker

2. Inside Candle

• Trade the breakout of the baby candle with its H/L as SL

• Pyramiding is done at the break of the mother candle H/L

• Try this only to the top 10 Nifty stocks.

Nikita Poojary
@niki_poojary

Mr. Rakesh Jhunjhunwala (RJ) is the richest trader & investor in India.

He's earned $6,000M or ₹45,600CRS from his best bets.

THREAD: Jhunjhunwala's 6 best trades.

Collaborated with @AdityaTodmal

1. TATA TEA

In 1986, he bought 5,000 shares at Rs 43, which rose to Rs. 143 in a span of 3 months.

Made a neat Rs. 5lacs.

2. SESA GOA (now VEDANTA)

Initially bought at Rs 28, thereafter pyramiding at Rs 35.

The stock rallied to Rs 65 in a span of 4months.

By now he had made Rs. 25lacs.

3. TATA POWER

Using the Rs. 25lacs,he bought TATA POWER at Rs. 150 and it rallied to Rs. 1000 thereby making a neat Rs. 2.5-3crs.

4. 1989's budget was a game changer for RJ.

Prior to the budget the stocks had been hammered.

RJ's hunch was the upcoming budget wont be a disappointment & hence he staked Rs. 3crs. & made Rs. 20 crs. by the end of the budget.

Nikita Poojary
@niki_poojary

• A cash stock wizard, who doesn't trade the stereotype triangle, rectangle, H&S etc.

• Creative enough to look beyond the obvious

• Covering another unique set up: Rating Houses Contra Trades or as he calls it "Moody-no-so-Moody indicator"

🧵 to learn from @iManasArora

• Usually international rating agencies come with a downgrade only after a massive correction in the stock

• Similarly these rating agencies come with an upgrade report post a sharp rise in the stock

• Don't take them on face value and DYOR!

• How Ultra Bullish articles from rating/broker houses is used to dump the stock to retail

• New traders provide liquidity for BIG players to offload their stocks

#HEG

• Example 1: BofAML sees 100% rise

• Read this thread to know in detail

Next 2-4 weeks are crucial for #HEG. If it does not hold up the current level plus minus 5%, there will be an 80% chance of a 20% drop which could extend to up to 50% drop.

News based rally on a low volume could turn into a classic case of late stage base fail. pic.twitter.com/eh3ncaSxoy
— Manas Arora (@iManasArora) October 19, 2018

Nikita Poojary
@niki_poojary

#BANKNIFTY

Look how it took support of the upward sloping black trendline https://t.co/mhqkIzBkQN

#BANKNIFTY

\U0001d403\U0001d41a\U0001d422\U0001d425\U0001d432 \U0001d413\U0001d405: 38855 is the BO level on daily TF which was taken out on Feb 2 & if BNF sustains above 39500 level in the coming week then we can see a fresh leg of upmove

Formation of rising wedge i.e. HH & HL pattern

S/R on daily mentioned pic.twitter.com/liaqfEezkW
— Nikita Poojary (@niki_poojary) February 6, 2022

Nikita Poojary
@niki_poojary

#NIFTY

Symmetrical triangle under formation in daily

Spotted by @AdityaTodmal

Nikita Poojary
@niki_poojary

#HDFCBANK

Does it take support at the lower end of the channel and bounces back

Lets see what happens from here

Nikita Poojary
@niki_poojary

#US10Y

Anyone remember this???

Well I still remember a lot of ppl criticized me for this

Patterns work the same across charts! https://t.co/R8GHJpWw0m

#US10Y

BO of symmetrical indicating interest rates to rise to 2.1% to ~2.5%.

The TF for this tgt is on or before Feb 2023 pic.twitter.com/9KJO0OU9v5
— Nikita Poojary (@niki_poojary) January 26, 2022

SAnngeri Authors Nikita Poojary