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Bandi Shreyas Profile picture
@BandiShreyas
Apr 7, 2022 • 11 tweets • 3 min read • Read on X
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Today's trade - will not be moving in closer than 17.6,17.8, likely the expiry range for the day Image
All CE moved down to 17.8, despite day low break the fear in the downside seems to be very low Image
1/3ed CE moved to 17750 with SL of 18 Image
1/3ed CE moved back up to 17800 Image
PE moved to 17650 Image
Pe moved to 17.7, Sal on half calls 18 and rest 21 Image
No more adjustments, not comfortable with moving closer or further from here, so 3PT Mtm SL. If it hits will sell 17850 and 17600 for whatever price ans have 2pt tsl on that Image
CE sl @ 19, moved to 17850

8.5 SL on either leg Image
Got sniped on CE SL perfectly at 19 and then on PE SL at 10, now trade is basically dead , can gain 7pt from this so mtm SL of 2pt Image
Plan is to take home 5 points today regardless of what happens, got blasted by the Gama expansion on Pe Image
Pe to 17550 Image

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More from @BandiShreyas

Bandi Shreyas Profile picture
Nov 24, 2022
If brokers had an option for the following setting, it would save a lot of people from blowing up -

-> should be able to give standing instructions saying "If my account loses X% (1,2,3 whatever you define) in a day then cut all positions immediately and block all trades
+
This should be preset and not reversible. Because psychology of retailers will always be "NOW THE OPPORTUNITY IS AMAZING" and that's when they lose multiple times more

As in, if preset to 2% and it locks my account, no matter what I do I shouldn't be able to unlock it that day
+
People will say zerodha "kill switch" but this is actually useless, WHEN losing, no one will use it. Because rationality reduces in losses

The kill option needs to be pre-set so no thinking on the fly

In institutions RMS team is separate from trading team
+
Read 4 tweets
Bandi Shreyas Profile picture
Nov 23, 2022
Giveaway! As a part of their blackfriday sale @in_tradingview is letting me me give away 1 Premium, 1 Pro+ and 1 pro plan

Criteria- Post your current chart setup, and describe why you use it. The setups with the top upvotes (likes) will get the plans

Not a paid promotion.
No commercial benefit to me, was happy to do it because followers get something for no cost to them
Also, please take a moment to look at other's post and vote for ones that look good to you, thank you!
Read 4 tweets
Bandi Shreyas Profile picture
Oct 1, 2022
Master thread - because a lot gets lost in the clutter
My intraday trading video Playlist, the initial ones go into a lot of detail, the later ones are just for summarization, anyone who wants to see exactly how I trade with excruciating detail
youtube.com/playlist?list=…
My P&L and monthly summarization, apart from the performance, gives a good insight into my mindset and apprpach at different periods, and how it varies from time to time
youtube.com/playlist?list=…
Read 10 tweets
Bandi Shreyas Profile picture
Aug 4, 2022
Rbi events can be very profitable to trade short vol, naturally risk is also higher, few tips -

1) mostly there will be little to no decay overnight from the day prior

2) committing early is a bad idea, between 9:15 to 9:45 one might see options on both sides gain, can be 1/n
Very drastic, I remember a time where with 0 movement, 30,30 strangle became 40,40 giving 20rs loss with nothing happening

3) trade smaller if you don't want to increase risk appetite, else keep higher risk appetite (be ready to take atleast 2x your usual risk )

2/n
4) do not adjust too quickly as long as risk appetite is not met. There will be some random panic candles just before announcements, do not panic and adjust, because OTM that looses fast can gain just as fast

5) define MTM exit, IV can spike a lot more than you think, better to
Read 4 tweets
Bandi Shreyas Profile picture
Jun 2, 2022
Opening trade - plan will be to take off risk above 16 on either strike
Calls doubled up just like yesterday, risked off 16600 to 16650 and moved PE to 16350
Keeping same position, will not be moving puts up further, will take off risk on calls above 26, 15
Read 11 tweets
Bandi Shreyas Profile picture
Apr 5, 2022
The greatest asset a trader needs to protect is their confidence

When you look at seasoned traders you would think that they're never nervous or in self doubt, this couldn't be further from the truth

Someone might be profitable for years and at their peak equity high, and will
Still go through cycles of up and down state of confidence. This could be something external like being caught off guard by a market move (not necessarily taking a loss), or something internal like exhaustion or a sense of underperfomance to some set expectations. One can be down
About perhaps- the thought that their former self was able to do much better than their current self, literally anything can be the cause!

Fact is every trader, regardless of how good historically, WILL ask themselves periodically-"Am I fucking clueless and just kidding myself?"
Read 6 tweets

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