You have to do homework at the end of the day, Run the screener and List out the stock in this screener, hardly 3-4 stock in the list,
Next day trading, Just open chart 15 min TF,
Add VWAP and Volume indicator in Chart,
(2/n)
Buy setup:
If stock price move above VWAP and with high volume then trade activated above VWAP,
SL is trade trigger candle Low,
Sell Setup:
price move below VWAP with volume than trade activated.
SL is high of that candle
(3/n)
Volume indicator,
Open the chart and see the volume of last ten to fifteen 15 Min TF candle volume compare with a current candle if the volume is more than triple then our trade is right,
(4/n)
Eg. Yesterday filtered stock attached,
See the example of BERGEPAINT,
Trade activated at 532.27 and SL 527, Closing price 555
Profit booking criteria, I believe in 1:2 RR, if 5 point SL then I will book 10 point profit,
If you Like kindly RETWEET to reach maximum trader,
NR21 is nothing but stock trading in a narrow range from 21 days.
I will share the video of this strategy very soon,
if you have any query put in the comments section rather DM, because if you put in the comment section then many traders got the answer,
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The purpose is simple to capture overnight theta decay,
Generally, ppl sell ATM straddle with hedge or sell naked options,
But I am using Today’s price action for selling options in STBT,
(1/n)
Its work on both index (Nifty, BNF) as well some standard stock but i used only for Index on every day and Last 10 days monthly expiry i do in stocks only specific,
A Thread on Discretionary Option trading:
Intraday options selling style
Instrument is Nifty.
I am using following indicator on Nifty fut. chart for finding the market trend as well behavior
Exp. Moving avg (5 & 20)
Supertrend(10,3)
VWAP
RSI(14) set upband-60 lower band-40
ADX
Timefram is 3 min, you can set as per your req. 5 or 10 min. But I used in 3 min only
I am also mark in chart PDL,PDH and PDC.
Also observing the reversal price action in chart for trend change, Only reversal PA
Along with indicator I am also use the OI data for strike selection
OI also used for the direction.
After 9:20 AM I will start trading based on setup.
1.If market in PDR and Mov. Avg & ST is flat and RSI in range of 40-60 Than I will sell strangle where Highest cumulative OI in nifty.
No more webinar,
My all knowledge is free for everyone, so please don't DM about training and workshop,
Yes welcome DM for any kind of discussion
Will share some content in YT only
I did two webinar and interacted with 110 participants, given full support in telegram to all
Received few DM related broker promotion as well webinar marketing but I said to all, No promotion
I am using twitter is for knowledge exchange only.
I am not against to any one I give full respect to everyone (trader/trainer)
Few reasons to not doing training
1. Want to Spend more time with family 2. I have a full time job as well publication business 3. Trading with good amount of capital so earning good money from it
In last few days all members were suffering from covid i spend good time to my self and i think about
Selling same strike price CALL/PUT option same underlying with same expiry.
Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.
(1/n)
*RETWEET for max response
Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.
Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.
You can sell straddle as per your market view.
If you are natural view sell CE and PE at ATM strike.
(2/n)
Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.
In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%