BC FINANCE
Saved by @curiousat3am

The most common problem faced by day-traders and it's easy solution which is extremely difficult to implement.
A thread.
( uses concepts I have discussed many times before in separate threads)

 Problem : I have a good system, I understand charts and/or price action, but I simply can't make money. I hold my losses too long or ( this is most common) I get out of profitable positions too fast and cannot sit for the whole move
At many firms at NASDAQ, day-traders are seen as elite sportspersons playing in a difficult taxing game. That's why, they have regular sessions with sports psychologists. They are advised to follow the basic routine of sportspersons.
Train ---- Play tournaments --- Rest
The cycle repeats
We retail day-traders here neither rest nor train.

Rest = taking time off markets
Train = trading in markets in training mode

Understanding REST is easy, simply take time off markets and spend time with family or do something you love
But what about training ?
Paper trading or trading on a simulator is never good training as it never gives you the same psychological issue while actual trading. Deep down you know this is fake, you are not making or losing actual money
As you are never making or losing money, you will not be able to be in the same psychological state / pressure which comes in actual trading. Your decisions while paper trading or simulated trading will be vastly superior or actual trading
The solution:
Trade 1 lot ( I am speaking about intraday options trading, cash traders can do this with a simple share of any stock) following your system/process for one month. This sounds easy, right?
Try implementing this, you will understand the massive psychological discipline and strength it requires. Majority fail to do this over a month and go back trading their normal volumes and thus face the same issues all over again
If you are in a trading slump for long and aim to claw back, give yourself 3 months.
First month = 1 lot
2nd month = 2 lots
3rd month = 4 lots
4th month = follow money mgmt/position sizing with a small bet per trade
I have used this "one lot" rule twice in my trading career to resolve my psychological issues while trading. In my time on twitter, have advised this method to probably hundreds and thousands of traders over the past few years.
So far, very few traders ( around 5 or 6) have followed this method diligently as I have outlined and come back to me with the results. Not surprisingly, all of them were profitable to various degrees
There is no short-cut solution is you are facing the same problem. No guru, no webinar/seminar/handholding/setup/system will be able to solve this issue.
As one of my students rightly said " when we go to a gym, the trainer can show us all the moves. But it's us who have to appear at the gym everyday and do the exercises if we have to improve our body"

Same with trading. Best of luck ! 🙏
Anthony Saliba, the only options trader to be interviewed in the first Market Wizards book was the original one lot trader. Indian fintwit has nicknamed me also as one lot, what a great title ! Thanks

https://t.co/oqCwSz8kfW

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Regarding the MFI divergence indicator those who are asking :
1. Link not working on TV
2. Not showing on spot Nifty/BankNifty
3. Code showing errors
All your answers are there in the original thread. Kindly do not expect spoon feeding .
SOLVE YOUR PROBLEMS ON YOUR OWN
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Subhadip Nandy
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Ok here is the explanation. Grab a cup of coffee and read on. If you have not read/noticed this, you will see intraday options movement in a new light.


Say we have two options, one 50 delta ATM options and another 30 delta OTM option. Normally for a 100 point move, the ATM option will move 50 points and the OTM option will move 30 points. But in a high volatile environment, the OTM option will also move nearly 50 points

To understand why this happens, first understand why an ATM option is 50 delta. An ATM option has the probability of 50% of expiring as ITM. The price just has to close a rupee above the strike for the CE to be ITM and vice versa for PEs

Now think of a highly volatile day like today. If someone is asked where the BNF will close for the day or expiry, no one can answer. BNF can close freakin anywhere, That makes every option of an equal probability of being ITM. So all options have a 50% probability of being ITM

Hence, when a huge volatile move starts, all OTM options behave like ATM options. This phenomenon was first observed in the Black Monday crash of 1987 at Wall Street, which also gave rise to the volatility skew/smirk
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Will start this thread with a disclaimer. I have never invested a rupee in cryptos 😀

But I have studied bull and bear cycles and financial bubbles extensively. Saw 1992, 2000, 2008 with own eyes. The first one as a novice, the next two when I knew to analyze

The amount of chatter I am seeing in friends, family and social media about cryptos has gone through the roof. For everyone, it's a dream to make 100x or even 1000x easily. Basically, become stinking rich easily
( it never happens )

In any financial bubble, the top is made in extreme speed and violence. The distribution happens on the way down. Unless one saw the rates of 65k on bitcoin, one wouldn't buy at 30-35k or 20k. That 65k is an anchor point which leads to greed

During the tulipmania, a single piece of tulip reached a price of $750,000 in today's money. When we see that history, we think "what idiots". But consider this, as of now meme coins generated by someone in their garage are being traded at absurd prices


Then there is this joke called NFT. A piece of "digital art" basically made by someone on their computer ( who is not even a known artist) are being sold for millions of dollars
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Showing one example on how we see VolXplosion.
iBulHSgFin came under VolXplosion on 24th Feb, Check the price charts and the OI analysis. Price blasted today after OI buildup of two days.
Self explanatory


A single day long or short buildup can flutter to deceive. Analyse minimum 2 days to 5 days

SBI is now on watchlist
( disclaimer : already long today)


I am seeing many users using the VolXplosion as a daytrading concept. It does work , but the main juice is on positional plays. You will be much better off if you take this trades from a positional standpoint

The Decoding Volume & OI course is not just about VolXplosion. Analysing OI correctly gives you a lot of other trades.
DrReddy : OI buildup within range. We have discussed this in the video. Move seems to have started today
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Subhadip Nandy
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@SubhadipNandy16
Options and their price action analysis.
Read 👇👇
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I’m going to share a personal story with hope that it inspires at least one person to re-examine their definition of success 👇

Through hard work and an unfair share of luck, I’ve done some cool “bucket list” things in my career:

✅Raised VC from the worlds’ top firms
✅Helped build 100’s of millions in revenue from nothing
✅Rang the bell at the NYSE
✅Met & did deals with billionaires & business icons

These are things I dreamed about when I was young and I treasure some of the memories. But when they finally happened I felt surprisingly unfulfilled. I was scoring lots of points but didn’t feel like I was winning.

Then a few years ago during a board meeting I had a moment of clarity. I looked around the table at 10 people, all absurdly successful by financial measures. There wasn’t a single person I wanted to emulate. Most were unhealthy and several had told me that they were unhappy.

Within months I walked away from from a 7-figure salary, moved my family to Boulder, & haven’t looked back. Don’t get me wrong, I’m a capitalist & like money as much as anyone. But for me it's not the thing, and *more of the wrong thing is less*.
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MJ_Truth2.0 Gab: MJTru...
@MJTruth2
NESARA is the most ground breaking reformation to sweep not only the United States of America but the whole planet (thus GESARA) in its entire history. The act does away with the Federal Reserve Bank, the IRS, the shadow government, and much more.
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26/ If you have paid AA tax between 1995-22 it is likely your charges will be lower in 1995 than in 2015 scheme. This is because the AA rules are particularly unfair to members of 2 schemes. If your AA charges go down during any of the remedy period, you can claim a refund

27/ It does not matter if you paid cash for AA or used scheme pays, if you overpaid these charges can be refunded. If you charges go up (unlikely unless you have “MHO” status) you may have to pay back tax. There is usually a statutory limit of 4 years for paying underpaid tax.

28/ This limit of 4 yrs of underpaid tax was referenced in the consultation document 👇, although the position is less clear in the full consultation response. We will need to see the final regulations to understand the implications.


29/ The consultation document also stated that members who choose reformed 2015 in retirement & incurred AA charges would be “compensated”. Again detail in is less clear in the full consultation response. We will need to see the final regulations to understand the implications.


30/An important area are “contingent decisions”. Many members took decisions i.e. “opting out” of the scheme based on the age discrimination. @theBMA argued certain cases should automatically be compensated vs having to prove this on a “case by case” basis
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Palantir's 2020 Q4 Earnings call goes live in half an hour.


The waiting room is now up.


In the mean time, you can read their just-filed

Which is essentially just a re-direct to this press

Palantir's Consolidated Statement of Operations is pretty interesting.

They lost more than twice as much money in 2020 ($1.17B) as in 2019 ($580M). Despite a $12.6M tax benefit in 2020 vs. $12.4M tax provision in 2019.

But stonks.
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