Some points from the book Trading In the Zone:

There is huge gap between what you understand about market and your ability to transform that
knowledge into consistent profits. – ‘Psychological Gap’

[1/n]
#Tradinginthezone
Mind set of Winners : think differently from the rest. They have attained a mindset – unique set
of attitudes – that allows them to
 Remain disciplined,
 Focused, and
 Confident in adverse conditions.

[2/n]
#Tradinginthezone
Any trader is taking risk when you put on a trade, but that doesn’t mean that your are correspondingly accepting that risk
Learning how to redefine your trading activities in a way that allows you to completely accept the risk is the key to thinking like a successful trader
[3/n]

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More from @yogeshnanda1

13 Aug
Where i find my winners?
ok, nice question. let me start with example - from these two on whom you bet your money?

answer is obvious right?

but while trading... many people do otherwise
(1/n)
now same question for stocks..
where you bet your money?

When we have comparable option side by side - our answer will change.

but in live trading our we gets kick in finding a bottom and we love to boast about that.
(2/n)
Whats the point?
Point am here to make is we have to make our process in such a way that by default
- we analyse only winners for long and losers for short

20% of trading system is finding a good stock - entry n sl comes later.
Read 7 tweets
30 Jan
Thread on budget day nifty movement:
Few data points for budget day.
1. Average range for day 2.4% - can use this range of intraday strike selection.
2. When nifty fell >1.5% before budget - post budget nifty rises >2% in next 4 days -
@jitendrajain @yogeeswarpal
(1/4)
can use this data for taking a risk defined bullish position.
3. If we compare low post event and high post event.. On majority of occasions nifty has seen a recovery in next 4 days [average low is -1% and avg high 2.7%] - this also indicates on bullish side…
(2/4)
So can use this statistics for building your non-directional or directional strategy post budget..
statistically speaking,
1. long put or naked short futures don't make sense.
2. Can do bullish debit spreads or bullish credit spreads..
(3/4)
Read 7 tweets
16 Dec 20
Thread on USDINR Trading:
Part of my capital i trade in USDINR - non-directional.
Past few months it traded in very narrow band - which is paradise for non-direction trading.
check chart.. last 3 months in just 2 Rs. Range
Today will share my December 2020 trade in USDINR

(1/4) Image
Entry Date: 8th December [normally i take position 40 - 45DTE]
Trade: iron condor
Strikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]
Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]

qty: for illustration shown 100 lots..
margin needed : 1,81,000

(2/4) Image
This is how pay off graph looks:

Risk reward: little under 1:1 [good for iron condors]

Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed.

how to adjust: refer my video on youtube

(3/4) ImageImage
Read 11 tweets
24 Oct 20
Trending markets are very tough for the option seller. So working on something which could find calmness in chaos. what I realised solution to this could be your Risk management [Mathematics for me]. (1/n)
scenario 1:
with 60% success Rate on wining day you gain 30 points and on losing day you lose 30 points. so monthly you can make 4%. (2/n)
scenario 2:
keeping success Rate same at 60% - lets improve out winning days gain to 35 points and on losing day you lose 30 points. so monthly you can make 6%. (3/n)
Read 8 tweets
15 Oct 20
For pivot point enthusiast:
Have done some data analysis on where nifty opens and where it closes in terms of pivot points. Have used 2 parameters
Where nifty opens-[above pivot, above R1, below pivot, below S1]
Where nifty closes-[abv pivot, abv R1, below pivot, below S1] (1/5) Image
example looking at open location data : -
Opened above pivot - 44%
Opened below pivot - 30%,
Opened above R1 - 18%
Opened below S1 - 8%
If we further breakdown each category in to where nifty closed that day for each category [where it opened] we get few datapoints.. (2/5)
How to Read data?

(3/5) Image
Read 6 tweets
14 Oct 20
INFY result Trade: Sold 1160CE & 1120PE for combined premium of 80 points.. Result is overnight so will hedge this position with 1220Ce & 1060PE at 3PM today..
Idea here is being ready with plan.. how i think in such trades.
1) entry in trade...
2) hedge for the trade...
3) Plan to reduce the hedge cost..
4) Exit target [in profit] in case of Small move..
5) adjustment plan in case of bigger move..
and most important part is point 5
added hedge.. at cost of 35 points..
many people asked why to take risk..
In morning this hedge was available at 40 points and now i hedged at 35 points.. hope all got their answer.. now my risk is only 25 points on this trade..
Read 4 tweets

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