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Pran Katariya @KatariyaPran
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Working on adding a few more Strategies to be able to Trade more Capital. The Straddle is something I've somehow never felt comfortable with but this is something I think I can add fairly quickly and I am backtesting it over the last few years on my favorite underlying
I also want to allocate at least 20-30% to Directional Strategies and have started with high Probability Credit Spreads. Doing it with Debit Spreads proving far more challenging. Have read up on many Strategies and attended some Seminars but still lack conviction and confidence
No Strategy works unless you are able to make it your own. This will be a long process for me. I have zeroed down to 3 setups. The next step is to develop and code signals and then testing them first on a simulator and then gradually in live Markets
I expect it will take me anything from 6 months to a year to get going. Also working on a different approach to Trading Earnings both before and after the announcement which will require collection and tabulation of data for the last few years. Lot of work ahead.
As I move along the path of adding Directiional Strategies to my reportaire, I am finding that these are much more difficult to Trade than Neutral ones. To a large extent this may be because I am more inclined to a Mathematical approach rather than a Technical one
The logic with Neutral Trades is simple. Enter a high Probability Trade when Volitility is relatively high, keep a tight control on directional Risk by keeping Deltas low and let the law of large numbers play out by Trading small and Trading often seeking to maximize occurances
Sometimes I think that this Model is so simple- as I'm discovering while preparing for my Seminar- that I feel stupid talking about it and have people believe it can work and then think that maybe Hasmukh Adia was right when he said that here Money was made without any effort
With Directional Trading, the logic is fuzzy. Here you are Trading what Statistically is a 50:50 scenario and the Edge comes from some form of TA- Trend Following, Reversal/Continuation Patterns or Volitility Expansion. More of an art than a science and a difficult one to master
Of course there are some Master Practitioners like @SubhadipNandy who have Managed to elegantly combine the best of the two worlds to develop a harmonious Model to Trade Directionally which is what I must seek to develop in my own way.
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