Have received lots of queries regarding my sophisticated Algos, thought of clarifying few misconceptions, sorry to disappoint most of you with my endless flaws, some of it am putting down
1. Coding Knowledge / Python and all Languages - NO 2. Algo - AI - ML Trading - NO
(in fact I do Call and trade in one of the accounts) Never bothered abt Slippage cost etc.
3. Complex Chart Studies - NO
Probably haven't drawn the trendlines and all in last few years. Don't look at charts Intraday, EOD Charts - YES
4. Options Strategies / Spreads - NO
believe in any of them), know the theories, much like any of the Pros but never executed any
5. Selling Options - very rarely, even knowing there are days Theta can give great money, but it never given enough motivation to put any trades, with being fully aware it can give me
3-4%..But just doesn't excite me
6. Never trade more than 3 hours in market (almost 90% capital unutilised), and rest of the time just try to build my conviction
7. Investments: None so far, wont do ever also. Even after coming after my IB background where doing DCF and DDM
is just another part of you.
Can list down so many more, maybe some other day
Having said that, trust my systems blindly, which has taken years of time. So create your own and enjoy the show
Point am trying to make, in-spite of so many flaws am just doing fine. Don't get lost in the Noise, try to make your own inroads with your own niche. Whatever works for you. Whatever little you know, make it so robust that no-one can beat you in that little space
and you know that on your day you can just outperform your best.
And I believe wealth can be made out of trading, if you have taken the risk to get into this business make it REAL big (don't settle for 3-4% return mentality)
Hope its of some use to someone out there.
Cheers
And by no means am suggesting my weaknesses are good, they all have to be done, and they are all great, just that am being pathetic in all of those. So just did things what suited me better..
And that's why I keep saying, if I can make it to an okay level each one of you can surely do it, just self believe and honest effort is needed. And if someone says "you CAN'T", Then you MUST Do it. Cheers
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Hello Everyone. Thank you for the lovely wishes. Just thought to create a master thread of my timeline, so that all the past tweets can be organized better. Just an effort to have everything at one place. There is much more to this, will keep adding in time to come.
1. My initial part of the trading journey was covered by MoneyControl, and had it not been the conviction of Shishir Sir, a very dear friend and brother now, it would've never been published. So Thank You @asthanashishir Sir for the push 🙏🙏
2. Over the period of time, have written few threads in my own understanding on varied topics, and hopefully it will be a worthy read for you. Tried to collate and put it in one place. Will keep adding too the list as and when I put more.
A small Guide for all traders who trade based upon their set-ups, Tips, Twitter or some other groups. Also for people wanting to Get into the Ring!
No matter who advices whatever, always remember nobody will come to rescue when your Capital goes down because of your wrong
positions. Treat your Capital like your own member of family. Protect it ferociously. Period!
In capital market, if you don't have adequate capital, you don't have business to be in the market. Stay Out, watch the game from sidelines. Invest in SIP, good quality stocks.
Don't try to be a player. You will be butchered! Before blaming market, look within and ask yourself what you have done to be here. If things are not working out, there must be something you aren't doing right. Could be "Risk Management" , "Discipline" , "Inadequate
One of the strategies I follow with extreme bearish or bullish environment is the ATRSTOCHA. Which I shared in TC21. Sharing it here for wider reach
Along with Stocha. (OB / OS), ATR (Upper Band vs Lower Band) gives good Mean Reversal 1/
Need - ATR Band (21-3), Stochastics (default
)and HK (to be used as an indicator)
ATR: ATR is price actions', GPS. ATR informs as to where the current price action is in relationship to possible ranges it could move in. This helps with a directional bias.
2/
If we plot an ATR band (Upper & Lower), it will give the range. A band is plotted around ATR to determine if the price is in an uptrend, downtrend or moving in a sideways pattern
3/
Hello Everyone. Just thought of sharing this unpleasant truth at the expense of being criticised. This is for people who are below decent level of capital and want to make decent return from the market. No matter how many people people come your way with their best of intentions
You might not able to stand benefitted. Have spoken to at-least few thousands to know one of basic crux of the failure of most of the ‘Retail Traders’ is being UNDERCAPITALISED! It’s like you are fighting a war with a sword with people having tankers missile guns etc. Don’t be
Mislead by the YouTubers like the messiahs out there to help you out. Don’t enter FNO market if you haven’t got at-least 7-8l for a long term longitivtiy. Please invest, Do SIPs, and have peaceful life. Return of Capital from market is far more important than Return On Capital.
Just wanted to share a bit of learning of my trading experience. In case you are a positional trader and want to take positions in index especially, there are times it offers opportunities in a platter. Let me explain it’s the differential of pricing at 330 pm vs the final price
BN’ final pricing is 25795 vs 25683 a 112 point difference..atm ce difference of 80 points..(369 vs 290)
I have been bullish and have been accumulating at dips. but the dip that was offered at the dying hours in BN was irresistible, you have to buy almost at the end if you are bullish. And what it offers almost a 100 point protection for my position for tomorrow, even if it opens