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Sourabh Sisodiya, CFA Profile picture
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5 Jan, 5 tweets, 3 min read
Thread :

Today I suggested Naukri on on @CNBC_Awaaz and hit upper circuit.

So why did I recommend Naukri (InfoEdge) ?

Analysis

1) Trend :

It was trading at all time high which indicates strong bullish trend

#trading #stocks
2) Strength of Trend:

The red candle formed on 21st dec (circled) was immediately rejected the next day.

This indicates the strength of bulls.
3) Sign of a leader :

I like to buy stocks which have already doubled from 52 week low and hit a new high every 6 months.

Naukri was around 1600 in March 20 and is almost 3 x and satisifies the critera
4) Sectoral Strength

If you look at IT sector. All stocks are hitting all time highs.
This indicates sectoral outperformance and same rub off effect can be seen on Naukri (InfoEdge) stock
5) Other data point :

Due to lockdown Zomato & Policybazar (subsidaries of InfoEdge) have seen great demand.

For a fact :

Zomato processed 4100 order per minute(highest ever) on this new year eve.

So that’s how analyse every stock.

Hope the thread helps.

Happy Learning !

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More from @sourabhsiso19

Sourabh Sisodiya, CFA Profile picture
20 Nov 20
How to manage straddles :

1) As bnf open was within yesterday range created a 29000 straddle at around 9:30 am

29000 PE sold at 528 and
29000 CE sold at 453

#trading #OptionsTrading
2) Instead of keeping SL on sold legs. I keep SL on otm options in the system

SL was on 28000 PE at 220 (day high)
SL was on 30000 CE at 165 (day high)
3) At 10:15 am, Bnf started to trend down and 28000 PE was bought at 220 and I immediately bought 30000 CE at 110
Read 7 tweets
Sourabh Sisodiya, CFA Profile picture
18 Nov 20
Thread :

We are regsitered as sub brokers with IIFL and Angel Broking & now planning to grow the sub broking business.

Looking to crowd source ideas/suggestions on the same from you guys

(1)
#trading #ideas #OptionsTrading
2) Instead of sending recommendations(like traditional brokers) .. plan is to help traders learn & let them independently take trading decisions.

Ideas:
-Create a telegram channel and share ideas & explain trades with logic
3) Plan is to help traders learn about
-options trading,
-long term investing
-intraday momentum trading
-event trading
-expiry trading and let them decide what suits them

Don’t charge any advisory fee but earn a share from their trades as brokerage
Read 4 tweets
Sourabh Sisodiya, CFA Profile picture
18 Nov 20
At 9:20 am created 29K PE and 30K CE at combined premium of 199.

Logic : Bnf was trading above yesterday high so created position with bullish delta.

The strangle closed around 110.

Key in non-directional trading is creating skewed delta positions as per view

#trading #data Image
Initial buy SL was on 28700 PE above Vwap (95) and sl on 30300 CE around 30 (day high)

Put buy SL above vwap or day high(on otm strikes based on net credit recieved)

Make sure you have net credit even after buy sl is triggered

(2) ImageImage
3) So in non-directional trading create positions as per view and always keep buy stops in otm wings to protect yourself from any big move.

Otm stops also helps in saving slippages.
Read 4 tweets
Sourabh Sisodiya, CFA Profile picture
7 Nov 20
Thread
How to manage strangles dynamically incase of a violent move or IV spike ?

1) Yesterday and infact entire last week if you had created strangles you would have experienced that during upmove only call side were increasing but puts weren’t decaying.

#trading #Options
2)In morning I had created a short strangle
200 lots 25000 PE sell at 102
200 lots 27000 CE sell at 161

You can sell from below image that if I had waited in this strangle till day end I would have lost around -4.5 L

So lets see what all adjustments did I do logically. Image
3)After creating strangles the premiums strarted increasing as puts were not decaying and calls were increasing.
So I had kept 100 lots buy on 26500 CE at 400(day high)
My buy got executed at 400 around 12:15 pm & I exited 25000 PE at 75 Image
Read 10 tweets
Sourabh Sisodiya, CFA Profile picture
28 Oct 20
Thread

How I managed my short strangles today and ended up in profit.

1) Overnight I had carried

-50 lots 24600 PE sold at 225
-50 lots 25000 CE sold at 170

As I had a bullish view for overnight and was expecting 24600 to hold.

#trading #OptionsTrading
2) In the morning around 9:16 am sold additional

50 lots 24600 CE at 277 &
50 lots 24000 PE at 98
(Counter bearish strangle)

as bnf was down at 9:15 and to save my 24600 PE(overnight sell)
3.But in next 2 candles bnf spiked to 24800
so I sold additional
50 lots of 24200 PE at 102

and kept sell stoploss order on 50 lots of 25000 CE at 135 which got triggered after 5 mins😖

Till now Bnf was very volatile with no clear range and my mtm was in red.
Read 9 tweets
Sourabh Sisodiya, CFA Profile picture
12 Oct 20
Importance of Risk Management
(Real Life Examples)

1) On 21st Sept 2018, I had sold 330 PE overnight and YesBank opened 10% lower and closed the day at -33%. But I survived as I bought 320 put as protection.

If I had not bought 320 PE then would have lost 10 L

#risk #trading
2) MS. Nirmala Sitaraman Candle

On 21st Sept 2019, BankNifty rallied almost 10% intraday with huge IV spike in calls.

I had 27200 CE sold and booked loss in that at 220. The same option was trading at 2230 few hours later.

Would have lost heavily if I had not exited my calls
3)
- Demonetisation
- Flash Crash in March 19
- Lower Circuit on index in March 20

Have survived all these black swans without any major loss.

After making huge losses at the start of my career, I have realised that good trading is all about managing risk.

#risk
Read 5 tweets

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