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Rohit Katwal Profile picture
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7 Oct, 4 tweets, 2 min read
The next 2 days i.e. Friday and Monday are going to be tough decision making on #BANKNIFTY.

We are brushing at an all-time high and forming a narrow triangle. COI going down can go for short covering at high to force sellers to liquidate and go higher. Or long buildup might.. Image
start with a fresh breakout. Whatever happens, Monday will be a gamble as far as positional trading is concerned. The way Wednesday sell-off was negated today, I am expecting a range from 37500 to 3900 for the 2nd week of October.
Right now I am trading for a range of 37000 -38500. If we cross 38200, will shift to the 37500 to 39000 range. Definitely going to be interesting and not simple at all. Given that #Nifty is now sideways, bias may remain bullish sideways for some time overall. Image
Even if we break an all-time high, not expecting too much bullishness on #BANKNIFTY. Volatility? Yes.

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More from @rohit_katwal

Rohit Katwal Profile picture
9 Oct
Over Trading...?

Recently had a discussion wherein trader was facing the problem of Over Trading. A Thread...

Over Trading is when:
1. Trading out of boredom, excitement, or revenge
2. Trading with fear of loss or greed over profit.
3. Trading without a plan

1/n Image
What is the root cause of Over Trading? In my opinion, the root cause is
1. Trading being the primary source of income.
2. Trading without a proper strategy and homework.
3. Greed for more profits.
4. Problem locking in profits leading to a minor loss and revenge trading. 2/n
5. Failure to accept controlled loss as a part of trading.

Here are few scenarios of how it happens when you want a certain profit.
1. You make a loss and now desperately want to get breakeven. You overtrade and further slide into the red. 3/n
Read 8 tweets
Rohit Katwal Profile picture
29 Aug
Thread on Options in Low Vix High Vol. Environment

At times when Vix is ultra low, premiums are less. As a seller it gets difficult to sell less premiums. If there is a fake move against your direction, it hits the stoploss or forces you to liquidate the position 1/n
only to see market going in your direction. Being a Positional Option Strategist on weekly option then becomes a challenge. How I am coping up with this change....? A thread...

I do not sell cheap options even if its positional 2/n
i.e. bear call spread of 20 point benefit against a max loss of 180 etc in #Nifty or 40 point gain for a 260 point loss in #BankNifty.

Any strategy I create, my priority is to make a strategy with Max_Loss:Max_Profit ratio of 1:1. 3/n
Read 13 tweets
Rohit Katwal Profile picture
27 Aug
When I started business I had few things clear in my mind.

1. I believe myself to be a person of Integrity and I expect same to be reciprocated.
2. Interest of clients always supersedes my own interest.
3. In business, I will have to make marketing calls eventually
...regarding product or demat account or MAS or workshop or lets say algo. Offer your services once and if people are not interested, never call them back after introduction. Interested client will automatically contact you provided you give them good services or add value...
That is the reason in 2 years despite so many forms filled, we have never saved any prospect database and never sent spam emails or messages. If someone is not interested, I do not call them back. I don't want someone tagging me as some spam caller.
Read 6 tweets
Rohit Katwal Profile picture
11 Jul
In Paytm Spaces, following points came up for discussion. Here are my two cents on questions for budding traders.

Basic questions asked were about the trading journey. Most of my followers know how I started. Blew up, did a job, resigned, started and now surviving 1/n
Do's for Beginners
1. Start with small capital and try to constantly increase it organically. Like start with 10% of what you can afford to lose. If you are consistently profitable then increase slowly.
2. Start thinking in % gain / loss terms from start.

2/n
3. Think about Risk first then Reward.
4. Define your circle of competence.

Don't
1. If you have less money & want to trade options, it's better to trade in monthly nifty or liquid stock options. As a beginner do not go for Bank Nifty.
2. Never trade naked. Always put a SL. 3/n
Read 10 tweets
Rohit Katwal Profile picture
21 Apr
DCMP (Double Confirmed Minimum Profit) is an Intraday Scalping Technique which can be applied on Equites/Future/Commodities.

Like any strategy, the most important part of this strategy lies in Risk Management. This cannot be emphasized more. Thread coming.
1/n
Requirement of the strategy:
1. Capital Required:- ₹50,000+
2. Risk:Reward:- 1:2/3
3. Method:- Scalping
4. Charts: Tick by Tick Line Charts
5. Discount Broker
6. Preferred Desktop App for order execution.
2/n
 As a day trader, you need to understand what is trend. In simple analogy, a series of Higher High, Higher Low is an uptrend. A series of Lower Low, Lower High is a downtrend. This is how it looks.
Read 12 tweets
Rohit Katwal Profile picture
18 Apr
Will be doing a comprehensive thread on a Complete Systematic Strategy for Intraday Trading along with all the rules.

Let me know the interest with RT and Comments.
Will share the strategy on Wednesday as it is holiday. Will also collect some example chart from live market on Monday and Tuesday.
Scalping Strategy for equities/futures/commodities is almost ready. Will post at 10:30 am in the morning.

This is pure intraday strategy which I will recommend to any beginner with low capital on any given day for equities.

Discipline in Execution, SL and Target is the key.
Read 4 tweets

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