Thread:
As 2021 begins, I would like to highlight the importance of perseverance & positive thinking.
The aim of this thread is to motivate people to stay committed to their goals.
Sharing few of accomplishments which I never thought would have been possible.
Dream BIG !
1)I did a 2 day quantitative trading seminar @iitbombay focussed on system driven trading and got a great response.
Being a introvert,I always shied speaking on the stage & this was my first public speaking apperance & learnt the importance of people’s skills.
2) Seeing my IIT Bombay seminar post, I got approached by @JBIMS, a top MBA institute to share my insights on system driven and markets for their MBA students.
I realised the importance of brand building and self promotion.
3) CEO of a multi-million dollar trading desk saw my post of IIT Bombay on Linkedin and asked if I could train his traders on how to build trading systems & be more system driven
That’s how I got introduced to training large proprietary trading desks.
4) Seeing my post of training Marwari Shares, I got approached by head trader of KIFS ( a large prop trading desk) to train their traders on the same.
It’s one of the best trading desk I have been to till date.
I personally learnt a lot & built a great network of traders
5) All my posts were now being noticed by many & got approached by the secretary of Investment Fund Club from @iimb_official.
Loved the campus and my dream to get into IIM ( only for a day though) got fulfilled.
6) Earlier I was approaching colleges but now colleges had started to approach me :)
Got approached by @iitdelhi for a quantitative trading workshop.
The economics club head said that he has never such a positive feedback for any workshop held by them😬
7) Got associated with Shri Ram College, one of the best commerce college in the country as a Knowledge partner for their economics summit
8) Then came the big breakthrough
E-Summit, hosted by the E-Cell, IIT Bombay,which is Asia’s largest Entrepreneurship promoting college body, approached me to be one of the speakers.
The speakers list included prominent personalities such as :
12) Invited by @BSEIndia to do a webinar on Advanced Derivatives.
Discussed about volatility and theta decay strategies.
13) I taught a option trading strategy on how to capture intraday time decay & how to manage risk while trading options on @LearnApp_co
The platform has mentors like Ashish Chauhan (CEO, BSE), Ramdeo Agarwal (Chairman of Motilal Oswal), Nitin Kamath (CEO Zerodha)etc
14) Did a session on Quant & Algo with for Futures First, one of the largest firm involved in the derivatives industry, trading 25 international exchanges across more than 150 product markets spread over 15 time zones.
Built some great connections with some top head traders.
16) I recieved my CFA Charter, CFA charter is one of the most respected designations in finance and is widely considered to be the gold standard in the field of investment analysis
18) One of the speakers at Option Symposium by @quantsapp ,India’s largest option trading conference.
19) First time on a show on @CNBC_Awaaz and won it ;)
My mom literally called all my relatives to say that I am on TV😂
She thinks I am a celebrity😜
20) There’s much more to accomplish and I hope 2021 is even better.
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
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.
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.
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