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Finkarma
@finkarmaIN 4 years, 12 months ago 824 views

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THREAD: SAVE YOUR TAX ON TRADING INCOME

Investors and traders want to make big money in the stock market. But what about paying taxes. All of them would like to save some chips.

In this thread, you will learn a few smart ways to save on your taxes

1. Set-Off Your Losses

Losses from speculative trading can be set off against speculative gains made during a year.

You can carry forward these losses for 4 years.

These losses can’t be set off against non-speculative trading income.

Losses from Short Term Non-Speculative trading can be set off against STCG as well as LTCG for the same year.

However, losses from Long Term trading can be set off against LTCG only.

An investor can carry forward such losses for a period of 8 years.

2. Plough Back Your Profits

Exemption on LTCG of up to 1 lac. So, you can plough back these gains to increase your capital.

Example ~

Investment = 5 lacs
Time period = 1 year
Profit = 1 lac

Book this profit after one year and re-invest after a few days.

No tax liability for this 1 lac but this time your new capital invested will be 6 lacs.

Finkarma
@finkarmaIN

Having a reliable scanner can help you find trading opportunities faster and more efficiently, saving you valuable time and effort.

In this thread, we’ll be sharing a few of our favorite scanners that have helped us stay on top of the market and make informed trades. 🧵

1. 52-week high scan 💥

In this scan, you can find stocks that are within the 30% range of the 52-week high and are trading above the 30 and 50 EMA, making them a perfect candidate for breakout

2. ATH scan 🌟

In this scan, you can find stocks that are near their All time high and are likely to head higher, continuation, and VCP plays tend to work fabulously in these

3. Momentum Scan⚡️

This scan provides you with names that have risen more than 30% in the last 3

4. Stage 2 Scan 🚀

In this scan. you can find stocks that are trading above their Weekly 10, & 40

Finkarma
@finkarmaIN

Short Strangle

Net credit with a sideways stance

A thread 🧵

#options #trading

1/ Short Strangles

As the name suggests, you need to sell options in this strategy

It involves 2 legs:

Short OTM CE

Short OTM PE

2/ Stance

You expect the market to trade within a narrow range. A narrow range means low volatility and hence lowering option premium due to theta decay

3/ Net Credit Strategy

Shorting options means that you will receive premium

Ex Nifty spot 16200

To create Short Strangle

Short 16300CE @92

Short 16100PE @132

Total premium received = 92 + 132 = 224

4/ Maximum Profit

The max profit is the premium received at entering the strategy, possible when the market expires within or at the selected strikes

In the Ex, expiry at or between 16100 or 16300, means options go worthless due to theta decay and you receive 224 points per lot

Finkarma
@finkarmaIN

10 threads that will teach you more than any Course on Trading🧵

1/ Lies that you've been told about trading.

From:

Which are the biggest lies told by well meaning people in trading?

I will list the ones I heard and believed initially, which was detrimental to my progress

Lets do this and you add one LIE u heard many times

First

1. Its impossible to make money in intra-day trading

+
— Anandable Conservative Trader (@AnandableAnand) December 29, 2021

2/ Pitfalls that every discretionary trader faces, and how to overcome them.

From: @KillerTrader_

What are the pitfalls I faced as a discretionary trader and how I overcame them:

A thread \U0001f9f5#StockMarketindia
— Killer Trader \U0001f4c9\U0001f4c8 (@KillerTrader_) October 10, 2021

3/ The only trading psychology post you need to read.

From: @indian_quant

The only trading psychology post you need to read:
===========

This guy gets appreciation and possibly makes money only after he reaches from one point to another.

But if his entire focus is on :
1. Not falling down the rope.
2. Keeps on thinking to reach the other end
..contd pic.twitter.com/YQCEnnU7iR
— Indian Quant \U0001f1ee\U0001f1f3 (@indian_quant) October 28, 2021

4/ A thread on Trading mistakes.

It's inevitable that you will make a lot of mistakes in your trading career, what's truly important is if you learn from those mistakes or keep repeating them.

From:

Trading Mistakes & Lessons Learnt \U0001f9f5

1) I always keep my mistakes & lessons learnt in front of my screen while trading.
Bcz we as traders tend to commit the same mistakes everytime.

So seeing your learnt lessons everyday ensures that you avoid them.

#trading #mistakes pic.twitter.com/4MYFlCS9Hi
— Sourabh Sisodiya, CFA (@sourabhsiso19) September 30, 2021

Finkarma
@finkarmaIN

Almost every trader uses moving averages, but most of them do not know how to use them properly.

In below article, we will be covering some important ways in which you can use moving averages to enhance your trading.

https://t.co/mo73RAVvWB

More from Stockslearnings

PriceNpedia
@priceNpedia

Fake Breakout : Price crosses over the resistance but does not get follow through. Bearish Engulfing is seen at these levels.

Legit Breakout : Price crosses over the resistance & gets follow through. Pin Bar is ideal candle at these levels.

Rahul Valand
@RahulTheVoyager

Thread :

#asianpaints (Weekly)

- A stock moving with a healthy momentum and reasonably good trajectory.

- I assume that It may come down to touch it's primary support trend line as it did in the past.

-If it do so, It will be a "must buy" opportunity.

Tip:
a) 30°-45° inclined trend line is considered sustainable.
b) Steeper trend line angle can not sustain for a long period of time.
c) Exceptions are always there.
d) To beginners : Explore more related to trend line inclination angle and relate this with above chart.

Aneesh Philomina Anton...
@ProdigalTrader

If u are a day trader, irrespective of the TF u trade, u should align urself with the trend in 15min TF. Avoiding whats happening in 15min TF, is highly dangerous and will end up as a very costly mistake.

Trader knight
@Traderknight007

How to use Moving averages like a Pro.👇

https://t.co/7VbuGovmee

$Tar \u26a1$

Tar ⚡
@itsTarH

It's the weekend!

Grab a cup of coffee, in this thread I will explain

1. Peter Lynch's Six Categories of Stocks
2. How to identify the type of stock you own?
3. How to think and decide about the runway for growth of a company?

Lets dive right in.

For those who do not know (I doubt there will be many), Peter Lynch is one of the most successful fund managers of all time.

He managed a fund called Magellan at US Investment Giant Fidelity Investments and during his 13 yr tenure, he delivered an average CAGR of 29.2%.

Sadly the fund couldn't keep up post Lynch's retirement and his successors weren't able to keep up with his returns.

That's how good Lynch was!

In 1989, a year before retirement, Lynch wrote and published a book called 'One Up on Wall Street'.

Almost 32 years later, the teachings of the book remain relevant.

(Highly recommended read)

Chapter 7 of the Book Titled
"I've Got It, I've Got It - What is It?"

talks about the need to classify stocks.

Peter's argument is that you need to know what kind of stock you hold in your portfolio.

Not all stocks are the same - and he is right!

OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg

Dalton School...Dalton School...rings a

Oh that's right.

The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.

Donald Barr was also quite a

Donald Barr had a way with words. pic.twitter.com/JdRBwXPhJn
— Rudy Havenstein, listening to Nas all day. (@RudyHavenstein) September 17, 2020

I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."

Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.