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 ?
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.
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
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.