Never trade with loan amount.
My trading is very simple. Selling option based on support and resistance. Time frame: Daily and 75 min.
Keep distance of 1-2% from S & R so one has chance to exit or adjust if trade goes against.
And last one my tgt is 4% pm. Above it bonus.
Dear Nitesh can you share some idea how you makes successful trade. Please I am in a big loss since I started my journey of stock market in 2017. Then I took 15 lac loan and everything is vanished. Now I am in so much struggle to pay the EMI
— Ganesh (@Eshan70302504) May 30, 2021
More from Mitesh Patel
How I am playing expiry trades.
Catch me if you can @Mitesh_Engr
— Nikita Poojary (@niki_poojary) July 17, 2021
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
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.
— Aditya Todmal (@AdityaTodmal) March 1, 2022
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.
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.
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.
— Mitesh Patel (@Mitesh_Engr) May 15, 2021
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.