Missed @asitbaran at the appointed time.
Thrilled to listen to this recording🙏
Took a pen & paper and listened to each & every word.
Quite familiar with the initials & then came the "Tricks mastered by this Data scientist".
Initials: Swim the ocean/ surfing
Know your unique DNA
Understand the texture of mkt-Even when higher t/f is sideways, there is much action in smaller t/f
Cream of trades on 7-8 tr.days out of 20-22 tr. days.
If not alert, awakening by the mkt
Act like a sniper/Breathe the mkt
More than the direction of mkt, the quality of direction
After the above initials comes the "Tricks"
1. Prefers 50 Delta than 90.
2. If (for eg.) 1800CE stopped out & still have bullish view, go for 1700CE than pyramiding dn with 1800CE
3.OTM with lower delta(20) isn't preferred; better ATM with 40-60 Delta
4.Option buying is "In the moment" (& may be 1 or 2 days more) & like a perishable(Veg.) business
5.About Hedging: You do it when no clarity; IF no clarity, why have any position?
And, when you have clarity, why hedge & why not naked position?
6.Come out of "Fear", major shift happens
7.Finding trade is easy; Subsequent Trade management with pyramiding to exploit that find is key

Wisdom:
* How much efforts & seriousness of that efforts alone will work
* Develop your unique style of trading
* Stay longer, Mkt rewards
In which business, successful ones reveal so much for aspiring ones
When that happens, simply "Be grateful", soak in those golden words, reflect on them, breathe them every waking hour, attempt to adopt & incorporate them in your trading life.

Much grateful & appreciation🙂🙏

• • •

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More from @JustNifty

22 Oct
#Nifty internals..
Waves could sub-divide too. We'll know soon how it's going to unfold.. Image
#Banknifty internals.. Image
#Nifty internals update.

Not impulsive but corrective Image
Read 9 tweets
21 Oct
#Hdfc
Week-Day-Hour aligned to take out ATH.
2 scenarios:
1. A 5th to complete soon to bring back time consuming consolidation.
2. A major 3rd wave as was seen in #NiftyIT few months ago and is being seen in #Banknifty last few weeks

ST Holding "2825" ImageImageImage
#Hdfc

Week-Day-Hour "aligned" to take out ATH

Making ATH
From Day's low 2856 to "2905" so far..

2850CE 50 to 81. Image
#Hdfc
2850CE almost doubling from opening low..
It's just 9.30AM !! Image
Read 6 tweets
21 Oct
#Nifty displays +ve div in 15 min. t/f.

Remember when prices reach lower targets by 11.00-11.30, a strong reversal likely.
Holding preferably 18140-150, upsides... Image
#Nifty did 12345 & abc & holding 18140-150, making a low of 18143 and ready for the next & big 12345.

How low risk it can be !! Image
#Nifty
Broke 18140.
Have the alt. plan ready.
IF holds 18115-125, "abc" got extended.
IF not another low coming.. Image
Read 5 tweets
16 Sep
Must work continuously....
This one has been in a corrective phase with shallow retrace for the last "9 Days"

#McDowell IF holds 735-738 & shows a reversal signal, it would attempt ATH & 800-825.
#McDowell
After a "Flat" correction (Darwas box !!!), just warming up
Read 6 tweets
16 Sep
#Banknifty in focus.
#Hdfcbank 8 days of cons. A move past 1560-65.
#Icicibank 10 days of cons. A move past 717
#Reliance 6 days of cons. A move past 2400
#Hdfc 3 days of cons. Holding 2785-2805 & move past 2825
#Hdfc breaking out..
#Icicibank is poised..
Read 10 tweets
3 Sep
Learn & Earn "ABC" of Trading:
#Elliottwave
Corrections are primarily-Zigzag & Flat
Flat's sub-waves 3-3-3 or 3-3-5
You see "A" with 3 sub waves, "Flat" in play
The range bound price action is bullish.
#Nifty
Established "17210-17310" range.
Break out & break down beyond this.
#Nifty below 17284 would move lower as in an "Irregular flat" (Remained below 17325 but made a high which is higher than 17312)
Learn & Earn "ABC" of Trading.
Making money with "Flat" corrections.
Read 7 tweets

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