Sometimes SL hit and BankNIFTY will back. If hit 475 and goes upto 485-490 and again coming back below 475 then sell gain with 490 as SL.
If again hit then exit straddle and create new straddle with same procedure.

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
— Mitesh Patel (@Mitesh_Engr) May 15, 2021

More from Mitesh Patel

Mitesh Patel
@Mitesh_Engr

No follow up selling after 13:15 hrs 3 min Red candle.

Mitesh Patel
@Mitesh_Engr

How to sell option?
Here let me explain through simple math.
Say BN at 30000
30000 straddle trading at combine premium 800 ( based on current volatility)
Put at 400
Call at 400
You don’t know direction. Sold both.

If move will not come than both will decrease gradually.

At day end it will come down to 720-740 if move will not come. Difference is your profit.

Now case 2:
Move started.
At one points combine premium will start increasing.
Say 810.
Exit immediately. No need to do adjustment.
Let market settle.

Sell again straddle once market settle.
Now repeat same thing.

Straddle selling webinar over.
Good luck.

One can keep SL 550 for both strike to escape from sudden movement.

Mitesh Patel
@Mitesh_Engr

Pvt LTD : 25% tax
You can withdraw fund in form of salary and dividend only. Double taxation if withdraw after completion of financial year.

Partnership firm : 35% tax
Funds u can withdraw anytime. No double taxation even after completion of financial year.

Discussed with CA.

1. Make a Pvt Ltd Company.

Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.

Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.
— Aditya Todmal (@AdityaTodmal) March 1, 2022

If any CA has more information they can update here.
I am moving ( principal capital) to partnership firm to avoid double taxation.

Only drawback is you have to pay more 10% tax but funds will remain on your name only and no double taxation in future. You can buy properties etc on your name.

Mitesh Patel
@Mitesh_Engr

Now we are back to middle in bank nifty for last week of August expiry.
Bias will be negative. Bullish only above 36000 level now.
First support 35200
S2 : 34600

Next week to sell below 34600 put in beginning of week and above 36300 call.

Looking at the SGX nifty bank nifty can open negative and high chance to break first support. In this case sell only call at resistance level. Put sell only if we will back to 35500 again.

Now after reaching 34850 BN is now at 35100.
We can sell now weekly 34500/400/300 and below put against call.

Mitesh Patel
@Mitesh_Engr

What you need finally?
Money and execution power to play.
Rest SL and theta decay will take care.

Sushruta (circa 7th or 6th century BC) was a surgeon who in present times is known as the “father of Indian medicine” and “father of plastic surgery” for inventing and developing surgical procedures. He lived in Kashi on the banks of river Ganga.(1)

His work documented in the Sushruta Samhita (compendium) is one of the oldest texts in the world on plastic surgery and regarded as one of the trilogies of Ayurveda. The other 2 being the Charaka Samhita and Astanga Hridaya.(2)

Sushruta compiled the Sushruta Samhita as an instruction manual for physicians to treat patients.(3)

The Samhita caters to surgical techniques listing over 300 surgical procedures and 120 surgical instruments. Additionally to 1,120 diseases, injuries and their treatments with over 700 medicinal herbs and their application.(4)

$Ramsay Rippers \U0001f354$

Ramsay Rippers 🍔...
@RamsayRippers

🧵EMA + VWAP STRATEGY

Every trader has a go-to strategy that works best for them. My trading is all about keeping it simple stupid and revolves around two indicators - Exponential moving averages and vwap.

Here's the strategy that I utilize on nearly 80% of my trades.

👇

What are Exponential Moving Averages?

EMA's are a type of moving average that places a greater weight on more recent data points.

8EMA = Exponential Moving Averages of the last 8 candle closing prices.

EMA's adjust with respect to chart time frame.

What is VWAP?

Volume Weighted Average Price - A key intraday indicator in my trading that offers the true average price based on price & volume.

Calculation: (Price x # of shares traded) / total shares traded

EMA's I use

- 8
- 21
- 50

While I do utilize the 50EMA, the 8 & 21 EMA are most important for this strategy. Some people use the 9 and 20 which are essentially the same thing. REMEMBER: EMA'S adjust with respect to time frames.

A+ Set Up Criteria - (What I look for)

Brittany Packnett
@MsPackyetti

We should stop confusing what someone was doing when we became aware of them with all they are capable of, interested in, or ever hope to be

Let folks have their many talents, interests and gifts. Life is far more fun with variety, loves.

A lot of folks have come to know me as an activist & I’m grateful that folks care to know me at all.

But I wasn’t born in 2014. I was a whole teacher, executive, policy person, speaker, arts and culture lover, reader, writer, woman of faith, fashion and more before 4 yrs ago 🤷🏾‍♀️

We rightfully complain that marginalized people are not allowed to be fully human.

But we internalize and transfer our oppression daily. It’s a smog. We all breathe it in & act it out.

And then tell WoC “girl ain’t you supposed to be a _______? Why you doing ____?”

Can I live?

And don’t go reading anything personal into this-this isn’t about me necessarily and it’s no subtweet (I try hard not to do that.)

I’ve just been observing that behavior more and more lately. Especially when it comes to marginalized folks.

Evolution should be our aspiration.

“Can’t knock the hustle” should be our anthem.

As long as someone isn’t bringing active and continual harm, why can’t they explore their many sides?

Pegasus of Dharma
@HarduttSuhas

THE EVOLUTION OF OUR NATIONAL FLAG (1857-1947)

The INDIAN NATIONAL FLAG is not just a flag! It's a testimony of patriotism and seamless sacrifice. A symbol representing one of the oldest civilizations on this planet.

Let's hope what happened yesterday never repeats!

(Thread)

After the revolt of 1857, the first Indian flag was designed. The design was based on western heraldic standards with "Union Jack" in the upper-left quadrant and a "Star of India" enclosed in the royal crown in the middle of the right half.(1)

The flag was a symbol of the direct imperial rule in India.(2)

In 1904 the first Indian flag which stood for India's independence from the British was devised. The design was provided by sister Nivedita, an Irish disciple of Swami Vivekananda.(3)

The flag was red and yellow with an image 'Vajra' (weapon of god Indra). The phrase 'Vande Mataram' was written in Bengali on it. The red colour and the yellow colour signified freedom and victory while the symbol of vajra stood for strength.(4)

Erik Torenberg
@eriktorenberg

1/“What would need to be true for you to….X”

Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?

A thread, co-written by @deanmbrody:

Next level tactic when closing a sale, candidate, or investment:

Ask: \u201cWhat needs to be true for you to be all in?\u201d

You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
— Erik Torenberg (@eriktorenberg) February 27, 2018

2/ First, “X” could be lots of things. Examples: What would need to be true for you to

- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal

3/ Normally, we aren’t that direct. Example from startup/VC land:

Founders leave VC meetings thinking that every VC will invest, but they rarely do.

Worse over, the founders don’t know what they need to do in order to be fundable.

4/ So why should you ask the magic Q?

To get clarity.

You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.

It also holds them (mentally) accountable once the thing they need becomes true.

5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”

Multiple responses to this question are likely to deliver a positive result.

Sometimes SL hit and BankNIFTY will back. If hit 475 and goes upto 485-490 and again coming back below 475 then sell gain with 490 as SL.If again hit then exit straddle and create new straddle with same procedure.

More from Mitesh Patel

You May Also Like

Sometimes SL hit and BankNIFTY will back. If hit 475 and goes upto 485-490 and again coming back below 475 then sell gain with 490 as SL.
If again hit then exit straddle and create new straddle with same procedure.