Thread : Days to Remember🧵

1) I saw few tweets saying that this is the most difficult market ever.

As a trader, we have signed up for these risks & All we can do is be prepared & manage them

Lets have a look at days when markets action was crazier than current times ! 2) 18th may 2009

Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.

Thread : From +5% to -1% for April.. Mistakes made & lessons learnt🧵

1) I was up 5% on capital for April till 2nd week but in last week went from +5% to -1%

So what went wrong, what mistakes I did & the lesson learnt !

#trading 2) I was having a great month & that made me more complacement as I made around 24% returns in last 4 months

As Paul Tudor Jone says

“My biggest losses have always come after I have had a great period & I started to think that I knew something”

Thread: What can we traders learn from Sachin

1) @sachin_rt is undoubtedly one of the greatest batsmen of all time & has played several amazing knocks. But one that stands out is his 241* at Sydney. He did not play a single cover drive in the entire innings

#SachinTendulkar 2) Look at his stance on the crease. Look at the balance. Perfect. Simply elegant. Looks so pleasing to the eye.

Even @bhogleharsha once said, “When Sachin hits a cover drive, the world seems all the more beautiful.”

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.

Thread : Trading Applications that I use on a daily basis🧵

1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.

So I am listing softwares/apps which I find the most useful for trading & investing 2) Trading View or Kite app

I use trading view for intraday charts.

As I trade intraday, I use the 5 min time frame.

My chart is simple with 20 sma plotted on it along with CPR(central pivot range)

Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa

Thread on QTP :

1) We are launching batch 7 of our Quantitative Trading Program(QTP).

Start Date: 23rd April ‘22

Course Duration : 6 months

Timing : Every Sat & Sun from 9:30 am to 1 pm

For more details please visit:

quantifycapital.in/quantitative-t…

#python #algo #system #trading 2) Focus :

The program focuses on:

Python programming,
Trading strategies,
Quantitative analysis,
Backtesting,
Automation &
Machine learning for trading

Thread on How to build a Trading Multi Monitor Setup with specifications🧵

1) How to build a multi monitor with details & exact specifications to help fellow traders !

@prathamesh_pai from the team did all the research to strike a balance btwn price & performance

#trading 2) Monitors :

Dell 27 inch 2721HN

BenQ 27 inch GW2780

Vertical Monitor Dell P2722H

We are using 10 monitors & 1 vertical monitor with 1080 p resolution

Purpose of the monitors is to help scan multiple charts,momentum stocks, news and give a bird eye view of the market.

Thread: How drawdowns make you a better trader ?🧵

1) As they say :

“A smooth sea never made a skilled sailor.”

Similarily,

Easy and calm markets will never make you a great trader ! 2)
-Experiencing volatile markets,
-Handling large directional moves, -Going through a drawdown &
-Bouncing back to hit a new equity high.

All of the above are important to build your psychology & character as a trader & help you scaleup !

Thread:Why most traders lose money ?

1) @Nithin0dha of @zerodhaonline said that 99% of traders don’t even beat FD returns.

So what is the main reason that most traders don’t make money via trading consistently ? 2) The major reasons most traders don’t make money :

- Following tips
-No strategy
- Letting losses run
- No emotional control

But the major reason which is common in struggling traders is CONTRA THINKING.. Let me explain in detail

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

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

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.

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

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.

Thread: Risk hai toh ishq hai ?

1) A lot of people talking about today’s freak trade in 37100 PE in BNF

We as traders are always exposed to various types of risk and it’s a part of our business.

Let me highlight certain risk faced in past years & also ways to manage it 2) Gap Risk

18th may 2009

Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.

There are many such instances of overnight gaps

Power of Desire (Thread)

1) The Story of Edwin C. Barnes

“There is but one thing in this world that I am determined to have, and that is a business association with Thomas A. Edison. I will burn all bridges behind me and stake my entire future on my ability to get what I want” 2) But Barnes had no invention to his name, no particular skills of use, and couldn’t scrape together the meager amount of money it’d take to pay his rail fare to New Jersey(where Edison lived)

Thread : Tech Stack at our Company

1) Technology is at the core of how we approach trading & we consider ourselves as much a technology company as a trading firm.

The tech team has remained under the hood so let me introduce the team & the tech stack used.

#Technologies 2) Django :

We use the Django framework for most of our web apps (in house scanners) as it encourages rapid development & clean, pragmatic design.

Thread :

How I turned -7 L to +1 L intraday ?

1) In the morning, I had created 37000 PE and 31700 CE as per the system.
But BNF fell initially 400 points and 37000 PE SL got hit at 400

And MTM at 10 am was - 2 L due to PE SL hit.

#trading #system 2) As 37000 PE got hit, I sold 36500 PE around 100.

So open position now were
36500 PE sell &
37100 CE sell

But to my dismay now bnf rallied almost 600 points from day low😖 & due to IV spike strangle lost 100 points & I exited everything.

MTM loss now was around -7 L :(

Thread:
As 2021 begins, I would like to highlight the importance of perseverance & positive thinking.

The aim of this thread is to motivate people to stay committed to their goals.

Sharing few of accomplishments which I never thought would have been possible.

Dream BIG ! 1)I did a 2 day quantitative trading seminar @iitbombay focussed on system driven trading and got a great response.

Being a introvert,I always shied speaking on the stage & this was my first public speaking apperance & learnt the importance of people’s skills.

Thread :

Today I suggested Naukri on on @CNBC_Awaaz and hit upper circuit.

So why did I recommend Naukri (InfoEdge) ?

Analysis

1) Trend :

It was trading at all time high which indicates strong bullish trend

#trading #stocks 2) Strength of Trend:

The red candle formed on 21st dec (circled) was immediately rejected the next day.

This indicates the strength of bulls.

How to manage straddles :

1) As bnf open was within yesterday range created a 29000 straddle at around 9:30 am

29000 PE sold at 528 and
29000 CE sold at 453

#trading #OptionsTrading 2) Instead of keeping SL on sold legs. I keep SL on otm options in the system

SL was on 28000 PE at 220 (day high)
SL was on 30000 CE at 165 (day high)