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Saved by @100rabh_m1shra

JESSE LIVERMORE is considered the greatest trader of all time.

He was the richest person in the world during his time.

I've read majority of his books and picked out learnings which are relevant even today with examples of the current scenario.

 1: Remember that stocks are never too high for you to begin buying or too low to begin selling.

This principle still holds true today in trading, especially trend following.

Most people think if a stock has run up too much, then it's price is high and it will reverse.
But a trader should always be on the right side of a trend.

For eg: Asianpaints has been making new highs constantly, the major money would've been by the people who were on the right side of the trend i.e long.
Never buy it just because it has fallen too much. Instead short it and make money.
2: “Being a little late in a trade is insurance that your opinion is correct.”

It's okay to enter in a trade after you have received confirmation from the market.

Trading after confirmation will make your sacrifice your profits but it will also protect you against the loss
eg: If you want to buy a stock at support, you've no idea if the support will hold or not.

But by waiting for a bounce from that support confirms the the stock is not ready to break the support and you can place your trades.
3: “Watch the market leaders.”

If you want to buy stocks, then focus on the strongest ones.

Because these are the ones likely to outperform the market in the future.

eg: Reliance and IT alone were responsible for lifting Nifty higher during the March 2020 covid crash.
4:“Never average losses.”

This is the most common mistake . Averaging put a losing position is never a good idea.

Yes, it may work sometimes, but when it goes wrong it can blow up the account quickly.
5: “If you can’t sleep at night because of your stock position, then you have gone too far.”

Take overnight positions ONLY if you're comfortable with them.

I take overnight positions with full capital and still sleep like a baby without worrying.
6: “Markets are never wrong, but opinions often are.”

Everyone has their own opinions about a particular stock whether it has gone too much up or has fallen too much.

But it doesn't matter because the markets are never wrong.

Markets always know something you don't!
7:“What has happened in the past will happen again. This is because Markets are driven by humans and human nature never changes.”

Although small setups keeps on changing from time to time but the major behaviour of the market remains the same.

Because human nature never changes
8:“It was never my thinking that made the big money for me. It was always my sitting.”

When he’s in a trade, he’ll not bother himself with the day-to-day fluctuations of a stock

Instead, he’ll sit on his hands and ride the entire trend because that’s how the big money is made.
9: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”

Trading is not at all about intelligence, it's about how can one control his emotions when in a trade.

A good psychology can easily put a trader in a different league.
10: Not taking the loss — that is what does damage to the pocketbook and to the soul."

Holding onto losers is never a good idea.

If the trade goes wrong it's always wise to book it rather than hoping for it to reverse.
That's it for this thread and I hope you learnt something.

Do follow me for more such threads and follow me on instagram : https://t.co/lh7jP4aNq6
For more learnings and analysis during live markets join our telegram channel :
https://t.co/uNIrqq5aDP

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Aditya Trivedi
Aditya Trivedi
@itsAdityaT
TOP 10 TRADING BOOKS THAT MAKE YOU A BETTER TRADER

I've read a number of books on trading and these are top 10 of them which I found the most useful.

1: Reminiscences of a Stock Operator

This book is a biography of Jesse Livermore, world's greatest trader.

It highlights his trading principles and trading psychology along with how he made and lost his fortune.


2: Market Wizards

This book has interviews with the biggest traders in trading. They are sharing their setups, psychology, the way they think and their experiences.

It's definitely an amazing read.


3:Trading in the Zone

If you're suffering from psychological problems related to trading then this book will solve them!

It talks about all the emotions and psychological barrier a trader goes through and gives a way on dealing with them.


4:Trade Like a Stock Market Wizard by @markminervini

This is a timeless classic and it contains excellent swing trading strategies for people who like to trade stocks positionally.
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HOW TO USE TECHNICAL ANALYSIS TO FORM A WEEKLY VIEW

A thread🧵

Got many DMs about how I form my weekly view in Banknifty and how do I analyze it.

In this thread I'll show you how I do it so that anyone can analyze Banknifty and other instruments the right way.

1: Weekly timeframe

One Should start analyzing with a weekly time on candlestick charts.

As you can see there is a clear resistance at 41940 level on weekly charts and a clear support on at 32000 level on the Banknifty chart.

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But the previous week's candle is a bearish candle hence our bias for the current week stays sell on rise.

2: Daily timeframe

Next step will be to analyse the daily timeframe charts to refine our view further.
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Aditya Trivedi
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@itsAdityaT
Most of the successful traders here are option sellers.

Ever wondered why?

Why we have chosen option selling?

Find our below

1: Being wrong and still making money.

We as option sellers can be wrong with our market view and still end up making money because of the power of theta decay and adjustments to some extent.

Adjustments work better as get closer to expiry since decay is the highest.

2: Theta decay

The biggest reason and one of the prime reasons is the theta decay.

Option sellers always have an advantage because the as time passes, the option premium falls even if the underlying instrument doesn't move.

3:Playing directional view

Option selling also enables us to take a directional view. In fact, directional view along with theta decay makes it a solid combination.

Debit spreads and credit spreads works great for a directional view.

4: Playing Neutral view

We can make money in option selling even if the market doesn't move as the otm options will go to 0 with the help of theta decay. It's the most fascinating thing.

This is what attracted many into option selling.
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Aditya Trivedi
Aditya Trivedi
@itsAdityaT
HOW TO ADJUST A SHORT STRANGLE?

Gone are those days where a short strangle used to expire worthless without any adjustments.

Adjustments are a must when your initial view goes wrong which it will.

Listing down all the ways to adjust a short strangle WITH EXAMPLES below.


1: Rolling up/down:

If you've sold a short strangle and one side premium spikes, you can book the profitable side and roll it up to match the premium of the other side.

eg: If you've sold a 60rs call and a 60rs put. If the 60rs call goes to 100. Then book profits in put and sell a 100 pt put.

This is the most basic way of adjustment.

2: Rolling the losing side:

It's very similar to the above adjustment however, we will consider shifting the losing side instead of profitable side.

eg: If you've sold 50pt call and 50pt put. If the 50pt put spikes up and goes to 120. Sometimes, I wouldn't want to sell a 120 pt call.

Hence, I simply book loss in the put and sell a new put worth 50pts which is farther away from the previous put.
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Aditya Trivedi
Aditya Trivedi
@itsAdityaT
Workshop worth 5 LAKHS absolutely for FREE.

I've posted some amazing stuff about trading which in itself is a workshop.

Posting some of my best threads here.

1: Benefits of Option selling.

Why are most of the successful traders option sellers?

Writing down my reasons for choosing


2: How to use Technical Analysis to form a weekly view as an option


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Did you know?

Rani Bhabani was the Queen of Natore, Bengal or 'Natorer Rani' as she was famously called. She made great contributions in Tarapith & renovated Benaras.

In Varanasi, Durga Kund Mandir was constructed by Rani Bhabani in the 18th century.


Born in Chhatimgram village, Bogra District,Her father's name was Atmaram Choudhury.Bhabani was married off to Raja Ramkanta Moitra,the then zamindar of Rajshahi.After his death, Bhabani became the zamindar, and started being referred to as Rani.She was known as Ardhabangeshwari.

A woman as a zamindar was extremely rare in those days, but Rani Bhabani managed the vast Rajshahi zamindari most efficiently and effectively for over four decades.
Maharani Bhavani was very pious in her personal life. She passed her life in a strict disciplined way.


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In spite of being the owner of a large Zamindari (estate), she had to depend on the stipend of the government in the later part of her life. The amount of this stipend gradually decreased and became Rs. 1000/- only in the end.
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*The Evidence Collection*

There is overwhelming evidence of election fraud. Therefore it is the duty of the Executive, Legislative, & Judicial branches to throw out the fraudulent votes & to honor their oath to protect & defend the Constitution of the USA.🇺🇸🦅

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Guruvayur Sri Krishna & Coconut with Horns.
#Krishnaleela
#Bhakthi
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We’ve all grown up listening to stories of Shri Krishna. This one is a famous story of Shri Krishna in Guruvayur Temple, also called Dakshina Dwaraka.


There lived a villager who planted coconut saplings and had promised that he would offer the 'first coconut' from each of his coconut trees to "Guruvayurappan". When the trees started to yield coconuts, he collected the first coconut from all the trees in a sack 👇


and set forth to Guruvayur.

On the way he was stopped by a robber who asked all the items in the sack. The villager told the robber that the coconuts in the sack belonged to Guruvayurappan and so he was unable to hand it over.
@SriramKannan77 @Jayalko1


The robber with anger asked the villager "Is Guruvaurappan's coconut any different? Does it have horns ?".
Saying so the robber pulled the sack forcefully out of the villager's hand, and coconuts came out..👇


To their astonishment each and every coconut in the sack had horns! Even today, the coconut with horns are displayed in the temple for devotees to see.

Below Picture is not original, as we cannot take photos inside temple.
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I made a thread going over exactly how I find these stocks BEFORE they take off 🚀
👇👇👇

So, let's start with the software I use…

Finviz!! Finviz is a free website that I use to scan for stocks.

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Head on over to finviz and go to the screener

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Simply change:
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One implication of the Antiochene rejection of the hypostatic union is that Mary could not accurately be called the Theotokos, or God-bearer. Instead, she is the Christotokos, the Christ-bearer. ~ahc #jingjiao 4/


These Christological debates were further complicated by Syriac terms such as 'kyana' (ܟܝܢܐ), associated with 'ousia' but later translated to 'hypostasis' by Syrian Orthodox; and 'qnoma ' (ܩܢܘܡܐ), sometimes contentiously translated as 'hypostasis' or 'person.' ~ahc #jingjiao 5/
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Observing the public conversation around FB, and the private ones happening among techies and ex-FBers, I think the mutual misunderstanding is worse than when I set out two years (and 500 pages) ago to (in a small way) bridge that gulf.

We're basically fucked.

The tech world has gotten so huge, self-reinforcing, and insulated from reality they can no longer even vaguely look at themselves (and their actions) as others do. They just live on a different planet than most people.

Conversely, the average tech consumer doesn't understand the technology that has slowly taken over their lives, and their designated emissaries to figure it out--politicians, pundits, regulators, journalists--understand it barely better than they do, and have their own agendas.

To say more than generalities for a moment, here's what I think is likely the core problem.

Techies take weird, improbable visions, and make them realities: some BS pitch deck to a VC, mixed with money and people, really does turn into some novel thing.

Most people work inside a legacy industry that's evolved that way over time (usually for good reasons), and they think about the future via some analogy with their present (which is a function of a long-ago past). The interruption that tech will introduce is often hard to grasp.
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