Just an update on personal front. Got a much better job offer which, I believe, gives me a significant step-up in terms of role profile, job content, and pay. Also, importantly, it’s in Bangalore, so personal life won’t be impacted in terms of relocating, etc. (1/n)
Hence, would be leaving my present job and moving on to the new one, starting April.
Someone who got to know I am leaving my present job, asked whether I am now turning to full-time trading. But no, thankfully, my trading style is such that, I can manage a full-time day (2/n)
job and still trade. So, then, why leave the job. In fact, the financial security of having a job makes me a much better trader, because I don’t have the “compulsion to make money”.
The more desperate you are to make money
the more difficult it will get making money!
I remember once I was speaking with @TraderHarneet (not sure if he remembers this)... I mentioned to him that I work full-time and can't watch the screen whole day. And pat came his reply..."that's a luxury, you don't want to miss"🙂
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Those who remember my 0.25% strategy thread... I had set a target of first 3L milestone in 90 trading days... in my first stock (Mindtree), I have reached 2.91 L in 94 trading days...still 9k left for target and already 4 days late 🙂
On day 95, 3L target achieved on my stock 1 (Mindtree)... stock 2 (Bajaj Finsv) added... green means position open on long side and orange means position open on short side...
e) Proven track record in sharing live trades - @bhatiamanu (a pioneer in this category…I have always said…we
have lot of “guerrilla” traders on twitter…who will come out of the blue, show-off a winning trade and then disappear for days…Manu has shown all his trades (in sequence) and has demonstrated how to make money in live markets…hats off to his transparency…my telegram channel
The below is the percentile data of #nifty's P/E and P/B ratio from 13-Sep-2010 till today. Higher the %, higher is overbought level of #nifty. Just to give you a sense, today's P/E ratio is 29.59 which means it is in the top-2% of overbought status. Also, just FYI,
on 23-Mar-2020, the day #nifty made a closing low of 7610, it had a P/E ratio of 17.15 (lower than 5%) indicating that was such a great time to buy from a long-term perspective.
Just FYI, I had invested all my trading capital in #nifty BEES when #nifty was ~9200 at a price of
98.40. Yesterday, I sold all of that at a price of 119.52. Now, I am fully in cash... I mean from an investment perspective...not counting F&O trading positions obviously.
This is the plan:
Will invest 75% of capital once P/E ratio goes below 18.86
Another 15% below 17.70
I would like to show you a strategy by which you will be able to earn Rs 2 lac per week. How many are interested?
What is required:
a) minimum capital required to start is Rs 10 lacs
b) immense discipline
c) tons and tons of patience
Tuition fee: minimum 100 retweets🙂
Friends, just to clarify, this is not some weekend timepass... I am dead serious... I am trading this strategy personally and will share the backtest results also...
all I ask in return is min 100 RT for wider knowledge sharing...
Some more info... strategy requires "zero" screen-time during market hours (maybe just couple of mins to punch orders)... so perfectly suitable to even part-time traders (who have a full-time business/ office job)
Good morning friends,
One should never have a single strategy or trading set-up. Its like putting all your eggs in 1 basket. What if that particular strategy goes into a big drawdown? Therefore, it is important you allocate your trading capital across several strategies (1/n)
(ideally 2-3 or 3-4). Importantly, strategies need to be “non-correlated”. Meaning, they should have a completely different set-up or timeframe or charting pattern, so that, when one strategy is going through a bad time, the others make money and vice-versa (2/n)
In order to do the above, I have allocated my trading strategy across the following 4 strategies (all non-correlated):
a)Trend following strategy – #Nifty and #BankNifty - based on support and resistance