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
+

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

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=…

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

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

Today's trade - will not be moving in closer than 17.6,17.8, likely the expiry range for the day All CE moved down to 17.8, despite day low break the fear in the downside seems to be very low

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

Not the best entry today, had I not tried to manage immediate downside and then upside, would have been in 5pt additional gain by now, idea from here will be to do minimal adjustment, will be conservative today, max risk allowed is 5pt negative close Delta is negative because yest of 17500 will cause big IV spike, negative delta will manage that

Today's trade, will not be moving in closer until yesterday's low or 17800 is clearly taken out, will have a laid back approach today because premiums are relatively low Update 1 - ce to 17850

Massive IV crush overnight and continued crush post open, positional sellers would have made a complete killing this week

Got a fairly good entry, Current position im expecting will close around 15-18rs by close so will trail by 5pt in first half and 2pt in the second half Update 1- CE moved to 17900, 5pt tsl holds

A thread addressing the myth of "Edge" in overnight option selling, got many questions around this after the F2f scession!

Assume you sell a 0.05 delta call option every month at the beginning of the month (basically an option that is 0.05 probability Or 1/20 chance of being at the money at expiry) it would mean that out of 20 months of doing this only 1 month there is a CHANCE of you not making money (not losing money since ATM will also be worth less ). So basically in almost 2 years you will always win and make money every

Thread on why I've never considered managing other's capital, also something to think about when you're considering letting someone manage capital for you -
Will break this down into 3 broad categories
1) Legality - most of the time this is straight up illegal, or there is a Grey area Workaround. They'll either act as a "Consultant" to whom you're sharing your account details for management (illegal) and have a profit sharing agreement(weird to call it that since it's not a legal 'agreement'). Institutions also do this(I know from personal experience

Twitter and telegram absolutely flooded by screenshots of terrible slippage and unthinkable execution prices of options, and all the posts are from those who lost money, who made money then?
Referencing the screenshot - who is placing a buy order at 1rs here? 1/4 How did @NSEIndia accept the order to begin win? Should be out of range?Clearly the ones benefiting from this are people with an automated way of placing mass amounts of stupid orders, waiting for liquidity to dry up and "cash in" whenever there is an "opportunity" 2/4