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Sourabh Sisodiya, CFA

28 Nov, 12 tweets, 5 min read

@ZerodhaVarsity

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

@AshwaniGujral6

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

@drvijaymalik

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

@sourabhsiso19

18 Nov

How to build/backtest a strategy 🧵?

1) Idea/Hypothesis
2) Specify entry,exit, SL & position size
3) Generate trade log & Backtest Report
4) Test in diff. market condn.
5)Optimise the strategy
6) Evalute the robustness & stress testing
7) Track Real Time performance
8) Deploy

1) Idea( Eg. Theta Eating Strategy)

Options decay with passage of time.
I look at the theta decay curve & wonder that some decay is intraday and some is overnight.
Can I capture the intraday theta decay by creating delta neutral positions ?

#idea #theta

2) Entry, Exit, SL & position size

Can we create intraday straddle to capture theta decay ?

Initial Logic :

Entry : Create straddle at 9:20 am
Exit : Close the straddle at 3:15 pm
SL : 10% of combined option premium
Position Size : 1 lot (CE & PE) per 2 lakh

Read 13 tweets

Sourabh Sisodiya, CFA

@sourabhsiso19

30 Oct

Thread 🧵:
A Day in the Life of a Trader (A day in my Life)

1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.

#trading #life

2)7:30 AM : Alarm Rings

A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.

3) 8:00 AM : Leave for office

On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions

P.S: We are moving to a new bigger office & will share pics of that soon

Read 31 tweets

Sourabh Sisodiya, CFA

@sourabhsiso19

6 Oct

Thread : Why am I running multiple other bussiness such as webinar, broking etc if I am making money via trading ? 🧵

1) This is a question that I have been asked quite often so thought that will write my thoughts on it in detail.

#trading #business #Entrepreneur

2) First of all, I don’t think of myself as only a trader but as an entreprenuer & like to create businesses which have similar synergies to trading or my core skills!

3) My primary source on income is through trading the index via non-directional trades & managing the deltas.
I have shared many videos on threads on the same.

But over past 1.5 year as opportunity came I have built other business around my core trading business.

Read 12 tweets

Sourabh Sisodiya, CFA

@sourabhsiso19

30 Sep

Trading Mistakes & Lessons Learnt 🧵

1) I always keep my mistakes & lessons learnt in front of my screen while trading.
Bcz we as traders tend to commit the same mistakes everytime.

So seeing your learnt lessons everyday ensures that you avoid them.

#trading #mistakes

2) In 2017, I analysed all my trades and saw that I have majorly lost in stock futures and profits came only via index trading.

I accepted that I am not great at stock trading & been trading index only majorly since then & have never missed a day trading BankNifty

3) I decided to adjust all of my past losses to 1 % of capital to see the effect of capping the downside.

I would have had a gain of more than 230 % if I had capped losses at 1% of cap.

Lesson: Keep losses per trade less than 1% of capital no matter what !

Read 14 tweets

Sourabh Sisodiya, CFA

@sourabhsiso19

19 Sep

Thread : An expensive lesson in Risk Managmenent 🧵

1) I would like to share my nerve wracking experience that forever imbibed in me the importance of risk management.

On Aug 2016, I lost -20L in a minute,what lessons I learnt from this incident & how did I bounce back !

2) On August 2016, I suffered my highest intraday loss of 18 lacs due to a unknown risk.
I had shorted Just Dial 500 CE & was in a profit of 1.3 lacs at 3:19 pm. But to my dismay, at 3:20 pm, I saw a whopping loss of 18 lacs. In less than 60 seconds, I had lost over 20 lacs.

@zerodhaonline

3) I had huge qty in Just Dial CE but as my position was huge and Just Dial being an illiquid script. My position got squared from 0 to 10 Rs. I was in 1.3 L profit at 3.19 & 3:20 -18 L.

Lost almost 20 L in a min

Check my email to @zerodhaonline and their reply to understand

Read 15 tweets

Sourabh Sisodiya, CFA

@sourabhsiso19

9 Sep

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 to great results overtime

Read 8 tweets

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