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 :
9) Anurag Kashyap(Indian Filmmaker),@RishadPremji (Chariman Wipro Limited), @ashchanchlani (Popular Youtuber), @ashishchauhan (CEO BSEIndia), Manish Maheswari (MD Twitter India), Gunjan Samtani (Head Goldman Sachs India) etc

I was humbled to be one of the speakers🙏
10)On Panel List for ‘Disruptive Innovation in the Financial World’

The panel had Lakshmi Iyer, CIO of Kotak AMC managing 11 billion $, Dr. Satvinder Madhok CTO of @Barclays and others.
11) Got featured by @moneycontrolcom, top finance website.

You can read my trading journey & the interview below:

medium.com/@hello_74789/s…
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.
15) One of the speakers @AlgoConvention.

I personally got lot of connects after this session :)

Thanks to @technovestor @SOVITCMT and @Deejaytweets for the opportunity
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.

Few of my goals for this year :

- To be featured in @ForbesUnder30 -Give a @TEDTalks
- Get silver button from youtube (1 lakh followers) for my channel youtube.com/c/SourabhSisod…
21) I am a nobody & there are people who have accomplished much more than me.
All I want to say is that:

If you have not been able to get success yet, don’t lose hope & keep hustling.
You eventually get what you want😊

Hope you found some inspiration in the thread :)

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More from @sourabhsiso19

5 Jan
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
Read 5 tweets
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
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
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
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
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

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