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Sourabh Sisodiya,CFA Profile picture
@sourabhsiso19
Nov 28, 2021 • 12 tweets • 5 min read • Read on X
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Thread🧵 : Stock Market Resources

Few DM’s on how to get started in the stock market. So creating a detailed thread on some resources/books that have helped me

1) zerodha.com/varsity/

One can start with @ZerodhaVarsity
The content is really good & explained in detail.
2) Position Sizing & Risk Management

Van Tharp Guide to Position Sizing

An amazing book that explains importance of risk management in a simple manner.

One of the best books I have read on risk management

P.S : It costs around 200 $.. I’ll make a detailed summary on this soon
3) Trading Pyschology

Trading in the zone
The Disciplined Trader
The Market Wizards

3 best books that explains why discipline & trading psychology is the important aspect in trading
4) System Building & Backtesting

Trading Systems by Emilio Tomasini

A good book on how to build a trading system & things to consider while backtesting a trading system

A must read if you want to get started with system driven trading & how to build backtested systems
5)Price Action Trading

tradingwithrayner.com

Good insights on basic price action & trend following
6) Intraday Trading

a) How to make money in intraday trading by @AshwaniGujral6

A great book on intraday trading & good perspective on how to analyse & trade intraday patterns
6 b ) Intraday

Secrets of Pivot Boss by Frank Ochoa

A great book on understanding intraday price patterns & how to get an overall sense of markets

Must read if you want to become great at intraday trading📈
7) Option Trading

The Bible of Option Strategies by Guy Cohen

A good book that cover various option strategies that can be implemented in different market conditions & also discusses pro & cons of each
8) Python

udemy.com/course/algorit…

A udemy course on Python for Trading. A good starting point to learn how python can be applied on financial data sets
9) Quantitative Resources

epchan.blogspot.com/?m=1

Dr. E.P Chan’s Blog where he talks about quantitative strategies and trading ideas

quantstart.com

QuantStart discusses Algorithmic Trading strategy research, development, backtesting and implementation
10) Fundamentals

drvijaymalik.com

Great blog on fundamental trading with extensive deep research on various companies. A must read if you are a fundamental investor

@drvijaymalik is undoubtedly one of the best fundamental investor in India.
A big fan of his analysis !
11) The above resources have helped me immensely & may help you as well!

I hope you the find the resources insightful & useful !

Happy Learning :)

-End

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More from @sourabhsiso19

Sourabh Sisodiya,CFA Profile picture
Sep 21
A Brutal Day in the History of Sensex 0 DTE😳

Option selling is getting tougher by the day.

No matter where you set your stop loss, it feels like it's destined to get hit. And if you don’t set one? You could blow up your account in minutes.

Let’s dive into what happened on September 20, 2024 and ways to survive such days(Thread)Image
1) Sensex opened at 83,611 and dropped 400 points in just 20 minutes!

But that was just the beginning.
The market then staged an incredible rally, surging over 1,300 points from the day's low to hit a high of 84,515 and again fell 1200 points to 83300 and again rallied to 84600

Crazy Volatility🎢Image
2) During this upmove, 84,000 CE option exploded from 36 to around 700
A 20x move in a single day!

But this was just the beginning😱 Image
Read 9 tweets
Sourabh Sisodiya,CFA Profile picture
May 6, 2022
Thread : Days to Remember🧵

1) I saw few tweets saying that this is the most difficult market ever.

As a trader, we have signed up for these risks & All we can do is be prepared & manage them

Lets have a look at days when markets action was crazier than current times !
2) 18th may 2009

Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.

3) 24th Aug 2015 (Vega Risk)

On 24th August 2015, the Indian markets declined close to 5.92%.

Nifty around 490 points but something unusual happened on that day.

Far otm Call options shot up inspite of such a huge fall😲

Vix shot up 64%.
Read 12 tweets
Sourabh Sisodiya,CFA Profile picture
Apr 24, 2022
Thread : From +5% to -1% for April.. Mistakes made & lessons learnt🧵

1) I was up 5% on capital for April till 2nd week but in last week went from +5% to -1%

So what went wrong, what mistakes I did & the lesson learnt !

#trading
2) I was having a great month & that made me more complacement as I made around 24% returns in last 4 months

As Paul Tudor Jone says

“My biggest losses have always come after I have had a great period & I started to think that I knew something”
3) So what went wrong ?

Tuesday :
BNF crossed 37000 & I sold 36500 put as per my system

But BNF reversed in last 30 mins & my otm stop (36000) got triggered.

I exited hedge as I thought this is just a pullback but BnF kept tanking & lost around 2% on capital on Tue
Read 16 tweets
Sourabh Sisodiya,CFA Profile picture
Apr 24, 2022
Thread: What can we traders learn from Sachin

1) @sachin_rt is undoubtedly one of the greatest batsmen of all time & has played several amazing knocks. But one that stands out is his 241* at Sydney. He did not play a single cover drive in the entire innings

#SachinTendulkar
2) Look at his stance on the crease. Look at the balance. Perfect. Simply elegant. Looks so pleasing to the eye.

Even @bhogleharsha once said, “When Sachin hits a cover drive, the world seems all the more beautiful.”
3) But in the series against Australia. Sachin had been getting out by trying to drive the ball outside off.

He had scored just 88 runs in the previous three matches and had registered 2 ducks as well. So he decided that he needs to change something to score more runs
Read 8 tweets
Sourabh Sisodiya,CFA Profile picture
Apr 9, 2022
How to become more productive & achieve results🧵

1) An important concept that I learnt last year and which has helped me immensely is “Non Zero Day”

There should be no zero days.

What's a zero day?

A zero day is when you don't do a single thing towards your dream or goal
2) Didnt' do anything all day and it's 11:58 PM?

Write one sentence.
One pushup.
Read one page of that chapter.
Write one line of code.

One. Because one is non zero.
3) Turning your dreams into reality doesn’t happen magically.
It happens from a massive string of CONSISTENT NON ZEROS.

0.99^ 365 =0.03 but
1.01 ^ 365 = 37.8

Small improvements daily add to great results overtime
Read 8 tweets
Sourabh Sisodiya,CFA Profile picture
Mar 18, 2022
Thread : Trading Applications that I use on a daily basis🧵

1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.

So I am listing softwares/apps which I find the most useful for trading & investing Image
2) Trading View or Kite app

I use trading view for intraday charts.

As I trade intraday, I use the 5 min time frame.

My chart is simple with 20 sma plotted on it along with CPR(central pivot range)

Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa Image
3) Icharts

As I majorly trade option premiums(short volatility or theta decay strategies)

I keep a track of combined premium of strangle using @iChartsIndia

Combined premium should be trending down & below VWAP to create a strangle Image
Read 13 tweets

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