Thread by @KatariyaPran

There is so much anger and angst against Seminars conducted by Professional Traders mainly because most of those attending have not seen any improvement in their Trading after attending them. Here is my 2 bits on why it works out this way

People see successful Traders offering Seminars and Trading on Twitter and immediately think that after spending 2 days and a few thousand rupees start generating similar Returns that the pro is making. The first problem is that are you ok with the System that he is Trading?

So for instance some Traders rely heavily on TA. Others are more Geometrically inclined and find their edge in Patterns. Still others are Mathematically inclined and get their edge from numbers or Statistics. Here I am talking of the Trading Universe

Let's narrow it down to a field I understand better- Options. There are buyers and sellers. Some Trade their directional beliefs thru Options while others Trade Volitility. I am an Income Trader whose primary goal is to capture Theta Decay.

So in all this, if you are incompatible with the basic style that the Trader uses, you are wasting your time and Money. The next roadblock is conviction. Dr Van Tharp says that we don't Trade the Markets but our beliefs in the Market. From belief stems conviction.

Thomas Bulkowski who has written many great books on Chart Patterns has actually quantified the success rates of each. The best ones work 30-40% of the time. So obviously while many successful Traders use them as a starting point, it's not the entry which wins for them

If you Trade a System do you have the conviction, skill and discipline to do what it takes to get it to work? Without any one of the three failure is guaranteed. Without conviction you should not even attempt to Trade a system and conviction is the hardest thing to come by

That said, there are many things successful Traders have in common. Money Management, Discipline, Flexibility, Self Analysis among others. Sure these are Skills that you need not pay to learn and can pick up from some good books and the internet but that's easier said than done

If you are an Options Trader, @OptionsConclave is a great forum to get you over the first hurdle-style. There are sessions by successful Traders each Trading in a unique way.

Govind Jhawar of @finideas is a systems based Trader who relies heavily on Greeks and uses Options to create a long term leveraged Portfolio.

@SubhadipNandy is an Options Buyer who Trades his statistically and Technically derived views on direction and Volitility using Options to minimize Risk using the best Money Management and Position Sizing Practices

@shubham_quant uses Mathematical Models to identify, design and Trade Option Structures. He also uses OI extensively to take Directional Trades and is equally adapt in all classical Option Strategies or with buying or selling Options

@ap_pune has a unique way of Trading Option Strategies. He uses Straddle/Strangle Charts to identify Market Trends and adopts buying or selling Strategies based on the view formed

@dipeshkmehta is a hard core Trader dedicated to Trading the Weekly Banknifty Options on an Intraday Basis. He Trades a large book exclusively on this and will offer many insights into generating Profits from an underlying which is the favorite of most Traders

@iarjuntandon and @AkashTrader are young Traders from Delhi who bring a new and fresh approach to the Options Trading universe. They have been successfully Trading simple Strategies like Straddles and Strangles to great Profit and also used them for Event Based Trading

@PRSundar64 is perhaps one of the best known Option Traders in the country. He will offer insights into how to Trade large accounts and use Long Term Options

@itjegan Trades Options thru Defined Risk Strategies and on an Intraday Basis to avoid overnight Risk. He is perhaps the leading exponent of Calendar and Diagonal Spreads and his presentation will focus on this one Strategy

Each Speaker will make a complete Presentation of 3 hours which will give a complete view on a particular aspect of Options Trading and not a mere preview of something to be covered in another Seminar. In addition there will be several breakout sessions in the evenings

The Event offers a unique opportunity to interact and network with some of the most successful practitioners of the art of Options Trading and build relationships for fruitful future interactions. Register if you feel that it will benefit you in your Trading