Thread by @CaVardhanca

Thread (MUST READ , RETWEET FOR MAX REACH IF U LIKE) :-

New Trader , Lets name “RABBIT” opened Twitter - Followed 50 traders on Weekend.
Brought capital of 10 Lakh.
Seen profit Screenshot from Non directional trader on Friday.
Excited to punch STRANGLES on Monday !!!

(1/n)

Monday is a Directional day. RABBIT lost 1 Lakh. Strangles trader didn’t post.
Same day Huge profit screenshot from Directional trader.
RABBIT got excited & ready to do directional selling.
VIX increase & no decay in option- exited for 1 lakh loss.
RABBIT depressed.

(2/n)

Tue Evening , Post in Twitter saying “I MADE 100% in a day with OPTION BUYING”. Again RABBIT cheered up & ready to buy option on Wed.
PREMIUMS fallen both sides . He was SHOCKED. 100% guy said , being Wed, I didn’t buy option due to theta fear.
RABBIT lost 30% capital.

(3/n)

RABBIT to self - this is not my place. I will quit. Then, one more screenshot, saying “I TRADE ONLY BREAKOUTS, made 10% in futures in a single stock”
RABBIT - Let’s try this.
Thursday morning , punched order for same Breakout trade. Got 10K. RABBIT in cloud 9 .

(4/n)

Unable to sleep on Thu night due to Anxiety. & note to self - Let’s rock Friday with more qty and recover whole loss of the week.
Punched same Breakout trade, profit went to 20/40K, waited, came to ZERO, & then , -20/-40/-110K. Close in Panic.
Week over - 40% down !!!

(5/n)

Note to Self :- I won’t follow anyone . Google for best trading books . Buy in Kindle.
Book 1 :- Trading Simplified . Read 3 pages & stop.
Book 2 :- Trading in the Zone . Read 5 pages & stop.
Surf Twitter again .
Again repeat above steps & down by 80% capital .

(6/n)

Again in Twitter, RABBIT met TORTOISE & asked, what is my problem ? I always loose money. I followed great mentors. They are making money, but I m not.

Then he said “DONT GO FOR EACH & EVERY STRATEGY, JUST FIND UR WEAKNESS & IMPROVE IT, YOU MAKE SLOW & CONSISTENT MONEY”

(7/n)

RABBIT analysed his trade book on all trades & convinced for non directional option selling.

Note to self:-

1.GIVE ONE LAST ATTEMPT.
2.Start afresh & no thinking to recover LOSSES . (2 Lakh capital)
3.Let’s focus on FUTURE.
4.Let’s make a peaceful trading.

(8/n)

New Monday , new Strangle - small profit
Tue - small profit , wed - small loss
Thu - small profit , Fri - breakeven .

Overall - end week in little profit .
Note to self -

1.BELIEVE THE PROCESS
2.Don’t RUSH
3.MAINTAIN CONSISTENCY
4.JOURNALING TRADES

(9/n)

After 1 month :- Account is having 210000 (5%)

Confidence is building .

After 6 months :- 2.6L
After 1 year :- 4L

Wow !!! I m doing something good .

After 2 years :- 6L
After 5 years :- 25L .

(10/n)

RABBIT to TORTOISE :-

Thank you Mate , for opening up my eyes on Thinking about Trading as a Business instead of Gambling . Now I am able to trade with PEACE , & I am very happy with my Consistency !!!

(11/n)

So Guys , always be a TORTOISE .
Be with one System & be with one RIGHT MENTOR !!!
In next 5/10 years , you will be in separate league !!!

Dedicating this thread to all RABBIT’s & TORTOISE’s here .

“THE END”

(12/12)

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