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yashstocks Profile picture
@yashstocks
Nov 20, 2020 • 7 tweets • 4 min read • Read on X
1/7
I am not against webinars, but the knowledge you get in reading a complete book is far better than attending a webinar.

As many of you were asking me the books to read, I am listing some of the books that cover option strategies, Greeks, Trading psychology, Risk management.
2/7
I suggest you to read 1 to 5 books first and then choose other books as per your interest.

I am giving amazon links for reference so that you can read the preview and decide, it doesn't mean that you need to purchase. You can always search the web for free pdf :)
3/7
1. The Option Trader Handbook: Strategies and Trade Adjustments
amzn.to/3kQ8dEj

2. Option Volatility and Pricing: Advanced Trading Strategies and Techniques - Sheldon Natenberg
amzn.to/3nIPHQd
4/7
3. Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits
amzn.to/2UJBztk

4. Trading Psychology 2.0: From Best Practices to Best Processes
amzn.to/2UNdNwQ

5. Rich Dad and Poor Dad
amzn.to/396bvkD
5/7
6. The Richest Man In Babylon
amzn.to/3lQ1prJ

7. The Bible of Options Strategies - Guy Cohen
amzn.to/3pR5NJA

8. How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology
amzn.to/2UP8j4o
6/7
9. Options as a strategic investment
amzn.to/3kRjUKU

10. The Option Trader’s Hedge Fund
amzn.to/3fn4HAb

11. Get Rich with Options
amzn.to/2IWBZu1
7/7
12. The Psychology of Money
amzn.to/35N2cUA

13. A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin
amzn.to/3fpMe67

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More from @yashstocks

yashstocks Profile picture
Jun 7, 2023
(1/n)

Welcome to my Twitter Account.

This is the master thread of all my past useful threads.

The threads are related to Trading Psychology, Motivation, Taxation, PF/VFP, My Experiences, Tips for Traders, Books to read etc
(2/n)

Finally, I became a full-time trader, A detailed thread:
(3/n)

Top Trading books that cover options strategies, Greeks, Trading psychology, and Risk management.
Read 21 tweets
yashstocks Profile picture
Jun 7, 2023
(1/8)

Is making 15-18% returns easy in the market with negligible risk?

Assume, one has say 1 crore and he invested it in govt securities fund that gives a fixed return of 7.5%

He can pledge it and get 90 lakhs as a margin to trade.
(2/8)

Assuming he is a zero-risk taker and doesn't want to sell any PE positions as we don't know when a flash crash can happen anytime due to bad news. Say border tensions, war, an important person expired etc

By selling only call side hedges, he can make another 8-10%.
(3/8)

One can sell Nifty, 1 rs hedge, 500-600 points away, 5000 quantity in the CE side (82 lakhs margin required as per Zerodha)

The above applies to Finnifty as well.

Bank Nifty - 4 rs hedge, 1000-1500 pts away, can sell 2000 quantity in CE side (80 lakhs margin required)
Read 8 tweets
yashstocks Profile picture
Feb 14, 2023
(1/n)

If your profit from F&O trading is less than 1 crore, then don't even think to start a Pvt Ltd company for trading. Just trade in personal account.

All expenses that can be shown in Pvt Ltd can also be shown in personal be it be salaries, travel, hotel, entertainment
(2/n)

Expenses, depreciation of assets etc.
Tax to be paid for 1 crore = 31 lakhs in personal and 26 lakhs in corporate

Auditor fees and process for running pvt ltd costs around 1 to 1.5 lakh. So, paying extra 4 lakhs tax from personal account will ensure that all the money is
(3/n)

yours and can be used for any purpose. This is unlikely in Pvt ltd company where taking out profits as dividends will cost you 50% tax due to double taxation. The only way to withdraw from pvt ltd is through salaries. And you may think that
Read 7 tweets
yashstocks Profile picture
Jul 30, 2022
(1/n)

I recently opened an account with ICICI Direct.
Here is my experience.
A thread.🧵

Having an account with the full-service broker and trading their recommendations is a recipe for disaster.
They always work towards achieving more business/brokerage for them.
(2/n)

- Most of their recommendations are related to option buying as they require less margin and more clients will be attracted to do it. 5 out of 6 current recommendations on Nifty options are related to option buying and see the margin required for each, they are too low.
(3/n)

- They have a feature called OptionPlus which again causes option buyers to go bankrupt easily. They will reduce the required margin for option buyers if they keep SL in the system.

- They don't accept Mutual Funds as collateral for trading options. Only stocks are
Read 11 tweets
yashstocks Profile picture
Jul 9, 2022
(1/n)

Why not to trade in Pvt Ltd Company?🧵

Avoid trading in Pvt Ltd company if the sole purpose of the company is F&O trading & no other income in the company.
- NBFC registration is a must, without that penalty upto 10 lakhs and imprisonment of 1 year.
(2/n)

- Double taxation as profits cannot be withdrawn without paying tax again.
- All expenses that one is detecting in Pvt Ltd company can also be done in the personal account.

Many popular handles are guiding to go for pvt ltd company to reduce tax. But, its completely
(3/n)

illegal & if one starts Pvt Ltd company for the sole purpose of trading in F&O, there can be serious consequences.

1. NBFC is required if financial assets constitute more than 50 percent of the total assets and income from financial assets constitutes more than 50 percent
Read 15 tweets
yashstocks Profile picture
Jun 4, 2022
(1/n)

Finally, I quit a high paying 15 year job to become a full-time trader.
I always dreamt of not working under anyone but yet to make good income and it happened with trading.
Now I am independent, own boss and have plenty of time to do whatever I wish to do.
(2/n)

But, Don't take any hasty decisions, I was planning for this since last 3-4 years.

My story.

I was always obsessive of stock market since 2005 as I like gambling, poker, rummy etc :)
I joined my first company in 2007 and then I got an opportunity to visit overseas.
(3/n)

I got 1 lakh money for the business trip, I put entire money in Reliance Power and as usual lost everything.
Then tried some more stocks and eventually lost and out of market.

Then had a long break until 2015 as my career was going great and was in Korea for 2 years.
Read 12 tweets

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