If you want to succeed in trading, you must have the ability to think independently.
Instead of asking “what” or “when”, learn to ask:
Why.
By asking why questions, you’ll come up with a hypothesis to your questions which brings me to...
Do you know what separates professional traders from losing traders?
Here's my answer and it's not what you think...
If you want to succeed in trading, you must have the ability to think independently.
Instead of asking “what” or “when”, learn to ask:
Why.
By asking why questions, you’ll come up with a hypothesis to your questions which brings me to...
Just because you came up with a hypothesis, doesn’t mean it’s correct.
That’s why as a professional trader, you must validate your trading ideas.
You must get your hands dirty and do the work like backtesting and forward testing.
Most new traders enter trading with the wrong expectations and end up quitting trading altogether.
The truth is…
* You won’t make money every day
* It’s not a get-rich-quick scheme
* Learning curve is steep
No strategy works all the time, that’s why you manage risk all the time!
You can use stop-loss, options, position-sizing, etc.
A losing trade must be managed so it feels like an ant bite—not a shark bite where you lose a chunk of capital.
An edge is something you do repeatedly that yields a positive result.
It doesn’t matter if you have the best trading psychology, risk management, favourable risk to reward ratio, etc.
Because without an edge, none of it matters.
You might have a trading strategy that has an edge.
But after series of losses, you might start to doubt the strategy.
So:
* Have a trading account <50% of your net worth & risk 1% per trade
* Reward yourself for consistent effort, not the outcome
The market is always changing and your learning is never-ending.
Don’t let your P&L dictate how you feel.
Don’t be too happy if you’re winning as losses are always just around the corner.
Don’t be too sad if you’re in drawdown as there’ll be better days ahead.
Stay in control.
Your trading strategy won't work all the time as market conditions change.
This means you need to know when to stay in the markets and when to stay out.
You’ll learn new trading strategies & techniques to help you beat the markets.
Plus I’ll send you the ultimate guide to price action trading.
Click the link below to get started..
https://t.co/yxU28KEsML
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MASTER THREAD on Short Strangles.
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
