Detailed thread on how @niki_poojary & I managed our positions on Thursday and got a big profit via straddles.
Many people were asking us in the comments, how we managed.
Explained transparently what we did.
Hope you get something to learn from this. 😀👍
Sep 23, 2021 - Weekly expiry, preceded by the FOMC meet and not to mention the gap up which then turned out to be a trending day
— Nikita Poojary (@niki_poojary) September 25, 2021
Here\u2019s how the strangles were converted into straddles & how the positions were managed!
Time for a Thread \U0001f9f5
More from Aditya Todmal
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5
Have compiled his:
1. Expiry day trading.
2. Trade logics.
3. Multiple Charts analysis.
3. BTST criteria for stocks.
Share if you find it helpful so that everyone can benefit.
A pdf of his moneycontrol article where you can read about his journey and how he trades.
— Harsh (@HarshAsserts) September 11, 2020
Advice on how to not let your mood influence your decisions.
When trading,moods will want to influence ur decisions
— Banknifty Addict (Gaurav) (@BankniftyA) December 29, 2019
How to minimize:
-Have a backtested plan/system
-Know yourself(emotion and panic levels)
So trade size is important to keep ur emotions in check
-dont focus too much on pnl
-have a back up plan ready
& last stay positive!!
Expiry day Trading:
How to become better?
When I had spoken to him on phone he advised me to backtest all expiries and rigorously practice them again and again to develop conviction. Superb advice!
Backtest the complete expiry and practice again and again till u develop conviction
— Banknifty Addict (Gaurav) (@BankniftyA) November 5, 2020
Acts based on support and resistance levels from charts
Support and resistance levels based on technical charts on various time frames.
— Banknifty Addict (Gaurav) (@BankniftyA) December 19, 2019
Breaking any of the above, leads to a direction
and then only directional play.
More from Optionslearnings
Youtube channel:
https://t.co/Tn5s5tQucn
Telegram Group:
https://t.co/zcMFYLuFUU
1. Option Buying setup video [English]:
https://t.co/oCuI7ryOVS
2. Option Buying setup video [Hindi]:
https://t.co/GEtwvPipih
[1/3] @jitendrajain
3. learn Position Sizing:
https://t.co/mjGwmms21Y
4. overcome late OI signal:
https://t.co/rULPzfNpId
5. Gamma impact
https://t.co/6r9wKx3ewC
6. Risk Management
7. 4 part video on optimisation of various aspect:
a https://t.co/G7FDAm9VEg
b https://t.co/KjkzlbDBeR
c https://t.co/Vcn5icNO9P
d https://t.co/SsggfnwPNZ
8. examples
a https://t.co/S9OB41tNxx
b https://t.co/xZeKvZq3Uo
c https://t.co/mgQVYJu8te
d
Some knowledgeable tweets/threads by me...
I will keep adding to this thread over time
Starting with:
1. Option Synthetics Explained
2. Best free Data website - Icici Direct
3. Per order vs Per lot brokerage
4. Best youtube channel - Power of Stocks
A thread on Option Synthetics
1. Increase your returns
2. Margin requirements/costs are less
3. Save on STT/other charges
4. Develop a better understanding of
A THREAD ON OPTIONS SYNTHETICS, LONG READ:
— Aditya Todmal (@AdityaTodmal) August 16, 2020
With synthetics you can increase your returns as the margin requirements/costs are less. Everyone wanting to become a top trader needs to know this and get their concepts cleared because many people don't know what they're doing
(1/11)
Best free website to get Data from - ICICI DIRECT
Advantages:
1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being
Best FREE website for FNO Heatmap - ICICI DIRECThttps://t.co/honvUA9lmx
— Aditya Todmal (@AdityaTodmal) January 24, 2021
Advantages:
1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.
(1/5) pic.twitter.com/Pvk8i8EfIT
PER ORDER Vs PER LOT brokerage
Which one is better?
Read the thread to know why one is clearly better than the
PER ORDER Vs PER LOT brokerage
— Aditya Todmal (@AdityaTodmal) May 23, 2021
Which one is better?
Read the thread to know why one is clearly better than the other.
A THREAD ...
Finally, Check out Subhasish Pani Channel - Power of Stocks
My favorite Youtuber from the trading community without a doubt.
Spend your weekend learning from his channel.
The best YouTuber I have ever seen from the trading industry.
— Aditya Todmal (@AdityaTodmal) January 23, 2021
Power of Stocks - Subhasish Pani
Guys do go over his daily analysis videos to become better.
1. Superb logics
2. Great Risk Reward
3. Consistency
4. Prepared for all scenarioshttps://t.co/I5wGmwIYUq
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☑️ 109 transactions
💰 353€ profit (285 after tax)
I have spent 1.5 months on this app. You can make more $ in 2 days.
🤷♂️
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omg I just realized that me . com is an Apple domain, of course something wouldn't work with these dicks