👀👀

"tape needs a bounce to 16770"
For the record, tweet was posted near 3.00 pm and a follow up was also done post close where I clearly mentioned there was no selling visible in the last 30 mins of the day
Still I get ungrateful and unhappy people on the timeline.

No one does more than me to give quality A grade actionable advise and yet there is no appreciation of the efforts I make for you
If this continues , no more from me.

You are on your own

• • •

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More from @Am_Shai

Feb 26
When i started off in #derivatives #trading, some 15 years back, the "default trade" taught to us was to trade in Futures or to BUY calls or BUY puts as the need arose.

These days the "default trade" is to SELL calls and SELL puts. Image
Thanks to a spurt in online education, you learn quickly to sell options at 09.25 am and at 12.30 pm and every time of the year.

No education is provided for things like VIX, directional volatility, IV smiles or even basic gamma math
And the numbers speak.

The option market today is 10 times the volume of the Futures market.

and this is just the weekly contract & on normal days of fri to wed.

On Thursday the Option volume market goes up 3X or 30 times the Futures Volumes , mostly writers closing positions
Read 18 tweets
Jan 24
A lot of #OpenInterest traders will look at the high #OI of today in Futures

The #Nifty F addition was 30458 contracts, a high for the series of Jan

The #Banknifty futures addition was 6265 contracts today, not a high but big.

A quick thread on why this is a half- truth.
The futures market of today is just a fraction of the Options market.

Any day the options market beats the Index Futures 100 times & easy.

So if you are only looking at Futures Open Interest , you are reading just 1/100 th of the market
The entire market is not just divided between 4 players

a) FII's
b) Pros's
c) Retail
d) DII's

but is also hedged completely

So a long F in NF is with a short call as a pair.
Another reason you should not focus only on Futures OI
Read 12 tweets
Jan 24
as mentioned previously , have not been trading overnight positions and happy with all the volatility and the massive intra day swings.

This is excellent for trading .

For the swing, of interest to me is the lows in #Nifty of today right at the channel of importance at 16980
There hasn't been buying in the #Orderflow for quite a while.

Was watching 17700 earlier last week and that did not show any buying.

This is a snippet from our room
we traded with a negative bias below it all last week
Read 5 tweets
Jan 11
A lot of people watch the #SGX pre and post close , and I know whatsapp and telegram groups are always focussed on the #Sgxnifty moves post our close.

New guys think what happens on SGX gets carried to Nifty next day .

Misconception NO 1.
Most SGX traders are short term traders and capitalise and close gains within hours.

This is the reason you won't see a follow through at the open. They are fixated on the global front and if that changes they move out.

The added hours help them to do so.
You will see memes of a drunk woman at night and a sober lady in the morning for SGX justifying the moves which took place overnight :)

A little bit of fun does not hurt

Reality -Open opportunity was closed in huge profits by funds who show up next morning with big big smiles
Read 7 tweets
Jan 8
It's the weekend and time for a thread.

I would like to share my views on #Trading and #Investing.

I see a synergy in the 2, fully aware that there are radical and often polar opposite views for both trading and investing.
Most traders diss investors and most investors do not think kindly of traders.

Investors talk in terms of wealth creating and urge you to invest savings etc in investing. Those who do so end up with the "good life" at 65-70 with no friends to share the riches with.
Traders on the other hand are constantly working for that extra few percent every month.

You cannot be wealthy, till you can make money whilst you are sleeping also.

Leveraging creates wealth.
Read 20 tweets
Aug 28, 2021
It's the weekend & I'd like to share with you a money making strategy in the #MarketProfile approach to trading the markets

And No ! I won't ask you to grab a cup of coffee & read this

Weekends are for more than coffee :)

But do take notes. There is a definite edge in this
First and foremost, to all who are new to the #MarketProfile- (MP) is a robust system of trading which involves Price, Time + Volume- 3 parameters

All 3 together, hence a bigger edge to us as traders

You can start reading about the #MarketProfile at - vtrender.com/what-is-the-ma…
The strategy we are going to look at today is called the Initial Balance strategy

The name is important

What's in the name?

Lots! & the game too

The Initial Balance is the first 60 minutes of trading. Now you understand why we use the word Initial .

But Why 60 mins?
Read 17 tweets

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