Nikita Poojary's Threads | Buzz Chronicles

@Kunaljain_007 #HDFCBANK
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7 effective trading journal tools that you can use to make better decisions (instead of just maintaining a trading journal):🧵

Collaborated with @AdityaTodmal

Lets start with the harsh truth.

80% of traders just maintain a trading journal and never evaluate.

Recording your trades on day-to-day basis is just maintaining a trade book which your broker can furnish anytime.

Hence this exercise of recording trades is simply futile.

Things to record in the Trading Journal:

1.Long/ Short
2. Symbol
3. Qty
4. Buy Date
5. Buy price
6. Sell Date
7. Sell price
8. Profit/Loss
9. SL
10. % of cap risked
11.RoI %
12.RoCE %
13.Days held
14.R/R
15.Set up used

Once all the records are in place you need to build an analytics tool.

Trade records on its own is just the raw data which needs to be processed to derive info out of it.

Record your 50 or 100 trades.

Thereafter, analyse the following:

1. No. of wins
2. No. of Losses
3. % of winning trades ( No. of wins/Total trades)
4. Avg gain %
5. Avg loss %
6. Gain to Loss ratio ( 4./5.)
7. Reward to Risk ratio
8. Open Risk

Nikita Poojary
@niki_poojary

Some people think technical analysis is useless. But we use technical analysis in all our trades.

Here's a list of 13 technical analysis books to help you learn and grow: 🧵

Collaborated with @AdityaTodmal

1/ Stan Weinstein's Secrets for Profiting in Bull and Bear Markets.

The ideal time to buy/sell, using the best long-term indicators to spot Bull and Bear markets Odds.

Author: Stan

2/ Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market.

Selecting precise entry/exit points, preserving profits, and getting consistent 3 digit returns.

Author: Mark

3/ Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard How to develop the confidence to achieve super performance.

This is a follow-up book for trade like a stock market wizard.

Author: Mark

4/ Trading in the zone.

The author analyses from a psychological perspective the most common issues related to trading.

Author: Michael

Nikita Poojary
@niki_poojary

@AdityaTodmal Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

& Mark Minervini Books

Nikita Poojary
@niki_poojary

#ICICIBANK
Bullish pennant in the making

Nikita Poojary
@niki_poojary

90% of the traders lose money in the market despite following the best systems.

They either fix the entries, exits or replace the whole system with a new one.

The only thing you need to fix is the MINDSET!

🧵 with Subashish videos.

Collaborated with @AdityaTodmal

The secret to getting from where you are to where you want to be:

1. Define clear goals.

2. Action plan to achieve the goal.

3. Act on the action plan.

4. Eliminate self doubt due to failure.

5. You 'll get the same output if you use the same input.

Motivation is what gets you started, commitment is what gets you going.

6. WHY: is the driving force towards your goal.

• Commitment is the determination of a person to achieve the said goals, no matter the obstacles.

You don't trade the markets, you trade your beliefs about the markets!

7. Limiting beliefs are false beliefs that prevent us from pursuing our goals and desires.

To understand more about belief systems read the book Super Trader https://t.co/AQNE7uhu2K

Discipline to follow rules is a mark of a top trader:

8. Check whether you have followed your set of rules.

9. Analyse the reasons for your profits/losses.

Nikita Poojary
@niki_poojary

The most practical & effective resources on option trading comes from real traders

THREAD: Playbook on option selling to grow your knowledge & P/L account

Collaborated with @AdityaTodmal

1. Basics of Option selling

• The A,B,C,D one should be aware of before taking a plunge into option selling

THREAD: 14 of the best resources/topics for anyone who wants to start option selling as a career. \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) March 13, 2022

2. @Mitesh_Engr Sir's process for positional option selling

A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

\u2022 How to find direction
\u2022 Which options to sell
\u2022 How to deploy capital
\u2022 Exit criteria
\u2022 What ROI he targets weekly
\u2022 What % risk he takes

Done with the help of @niki_poojary pic.twitter.com/tcTKV02oO2
— Aditya Todmal (@AdityaTodmal) July 4, 2021

3. How @Mitesh_Engr sells options on an

Catch me if you can @Mitesh_Engr

Time for a\U0001f9f5
Mitesh Sir's EXPIRY Option Selling 101:
\u2022 What to look for?
\u2022 Strike Selection & Ratios
\u2022 SL mgmt
\u2022 Avoiding freezes
\u2022 Monthy Expiry
\u2022 Event days
\u2022 How he would have traded last expiry?

In collaboration with @AdityaTodmal pic.twitter.com/9uN2vQQ4hc
— Nikita Poojary (@niki_poojary) July 17, 2021

4. Transcript of @Mitesh_Engr Sir's “F&O Pe Charcha - Diary Of An Option

Time for a Thread\U0001f9f5On yesterday\u2019s \u201cF&O Pe Charcha - Diary Of An Option Seller\u201d with @Mitesh_Engr by @Paytm Money
— Nikita Poojary (@niki_poojary) August 1, 2021

Nikita Poojary
@niki_poojary

👉 Free courses on Options
👉Free trading scanners
👉Powerful lessons from Power of Stocks videos
👉Mr. Radhakishan Damani's inspiring journey as a trader, investor and entrepreneur & much more

🧵 The 10 best threads from April 2022 (that you may have missed):

10 Powerful learnings on Directional trading:

The best traders are all directional traders.

We should be investing our time into learning what the best traders are doing.

I have traded with @niki_poojary for the past year, who is an aggressive directional trader.

Here are my 10 learnings trading with her: \U0001f9f5
— Aditya Todmal (@AdityaTodmal) April 1, 2022

Best Threads from Q1

Twitter is a free university.

But 98.8% missed out on the best content on this platform.

Here are the best threads from Q1 2022:

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) April 3, 2022

How to develop a right mindset and draw inspiration from Pro traders

"Nothing can stop the man with right mental attitude from achieving his goal, nothing on earth can help the man with the wrong mental attitude" - Thomas Jefferson

Thread: Psychology, being grateful, draw inspiration & the trading RoI's\U0001f9f5

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) April 2, 2022

12 Powerful concepts from Power of Stocks (by Subashish Pani)

There are plenty of videos of Subhasish Pani from Power of Stocks.

You already know those.

Instead, here are 12 concepts from his videos that will make you a better trader\u2013\u2013not worse:\U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) April 17, 2022

Nikita Poojary
@niki_poojary

#HDFCBANK https://t.co/jQcxQZ3K1b

#HDFCBANK
15min TF rectangle formation pic.twitter.com/vgb7DFRYrJ
— Nikita Poojary (@niki_poojary) October 13, 2021

Nikita Poojary
@niki_poojary

In the month of September 2022, we have shared 11 threads, which includes:

• Inside Bar set up
• Free option selling course for beginners with small capital
• List of best books on technical analysis and chart reading
• How to reduce your tax liability

and much more 🧵

1/ Powerful Concepts that every trader should

10 Powerful concepts every trader should know (to become better) and more: \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) September 7, 2022

2/ List of Books based on Technical Analysis that will help you

Some people think technical analysis is useless. But we use technical analysis in all our trades.

Here's a list of 13 technical analysis books to help you learn and grow: \U0001f9f5

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) September 3, 2022

3/ Free options trading courses from 10 different

10 excellent sources that offer FREE options trading courses (and which will advance your career): \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) September 16, 2022

4/ Points to know for beginners in

Things I know after Trading for 5 years that I wish I knew in my 1st year: \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) September 17, 2022

Nikita Poojary
@niki_poojary

Celebrating 1million followers of #Powerofstocks a youtube channel by #SubasishPani

A VIDEO 🧵: 8 CONCEPTS THAT YOU JUST CANT AFFORD TO MISS OUT!

Collaborated with @AdityaTodmal

1. How to draw support and resistance?

• Spot the U-turns i.e. the bend in the existing trend.

• He explains the change in the polarity concept here.

Example 1: How to draw support and resistance on charts

The more any Support /Resistance is tested the more it becomes weaker

2. Inside Candle

• Trade the breakout of the baby candle with its H/L as SL

• Pyramiding is done at the break of the mother candle H/L

• Try this only to the top 10 Nifty stocks.

Nikita Poojary
@niki_poojary

𝐁𝐚𝐬𝐢𝐜𝐬 𝐨𝐟 𝐃𝐞𝐫𝐢𝐯𝐚𝐭𝐢𝐯𝐞𝐬 - 𝐏𝐚𝐫𝐭 𝐈𝐈

• How options can be used

• How to trade in options & exit strategy- buyers

• Imp of theta decay

• How to trade in options & exit strategy -sellers

Time for a Thread🧵

Curated in collaboration with
@AdityaTodmal

• The lame textbook def of right but not the obligation etc is simply confusing

• This is how you can remember, by understanding the logic of the instruments with your view on the market

• In a nutshell: Options are instruments used to express your view on the market

• The view could be same but the instruments played by the buyers and sellers could be different

• For Option buyers:

• Its imp to set a price target

• and to set a time target as well

• Time is an important factor to be considered

• Movement should outweigh the time decay

Nikita Poojary
@niki_poojary

An option buyer made Rs. 58 lacs from Rs. 2 lac capital in a span of just one month (March 2020 COVID crash).

He is none other than Mr. Subasish Pani.

THREAD: 11 things you must know to become an option buyer.

Collaborated with @AdityaTodmal

•Don't get carried away with the kind of return that Mr. Pani made in such a short period of time.

•This requires a high level of skill, and discipline in terms of which strike to choose, which time to trade, and which days to trade.

•It also comes with higher drawdown.

1/ Screen Time:

• Indian markets function from 9:15-15:30.

• Dividing this time zone into 3 sub parts:
- 9:15 to 10:30: trending market
- 10:30 to 13:30: for retracement
- 13:30 to 3:30: trending

2/ Focus on momentum:

• Option buyers make money when the momentum is quick.

• However if the market remain sideways for few days then the option starts to lose its value.

• This is because theta decay works against option buyers.

3/ Option buyers need momentum to make money:

• Hence focus on the 1st & 2nd time zone where the markets are trending.

• Avoid taking trades between 10:30am till 13:30.

• Special focus on Wednesday & Thursday as premiums are low and if you can catch momentum then good R/R.

Nikita Poojary
@niki_poojary

Mr. Rakesh Jhunjhunwala (RJ) is the richest trader & investor in India.

He's earned $6,000M or ₹45,600CRS from his best bets.

THREAD: Jhunjhunwala's 6 best trades.

Collaborated with @AdityaTodmal

1. TATA TEA

In 1986, he bought 5,000 shares at Rs 43, which rose to Rs. 143 in a span of 3 months.

Made a neat Rs. 5lacs.

2. SESA GOA (now VEDANTA)

Initially bought at Rs 28, thereafter pyramiding at Rs 35.

The stock rallied to Rs 65 in a span of 4months.

By now he had made Rs. 25lacs.

3. TATA POWER

Using the Rs. 25lacs,he bought TATA POWER at Rs. 150 and it rallied to Rs. 1000 thereby making a neat Rs. 2.5-3crs.

4. 1989's budget was a game changer for RJ.

Prior to the budget the stocks had been hammered.

RJ's hunch was the upcoming budget wont be a disappointment & hence he staked Rs. 3crs. & made Rs. 20 crs. by the end of the budget.

Nikita Poojary
@niki_poojary

In the month of November 2022, we have shared 9 threads, which includes:

• How to save taxes from trading income
- Individuals
- Corporate way
• Powerful Intraday set-up with screeners
• 12 rules for professional position players

and much more 🧵

1/ How to initiate a short straddle how to manage them with

Short Straddle is the highest payoff strategy in Option Selling.

However, it comes with huge risks as well.

You become good at managing Straddles with adjustments.

Here's a step-by-step breakdown on them:

Collaborated with @niki_poojary

\U0001f9f5
— Aditya Todmal (@AdityaTodmal) November 5, 2022

2/ Things I know now, (after three years) post becoming a full - time

Things I know now that I wish I knew three years ago when I started trading.

Collaborated with @AdityaTodmal

\U0001f9f5
— Nikita Poojary (@niki_poojary) November 5, 2022

3/ How to reduce taxes by optiong for a Corporate

How to use a corporate account to lower taxes drastically

A comprehensive \U0001f9f5 :

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) November 6, 2022

4/ Ten powerful intraday setups with

10 most Powerful Intraday Setups with Screeners: \U0001f9f5

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) November 8, 2022

Nikita Poojary
@niki_poojary

#BANKNIFTY

Bears were roasted in the past weeks short squeeze!

In a weeks time BNF is up by 2k points and gave a comfortable closing >35k

Bulls are back in the game!

Outlook for the week Jul 11 -Jul 15, 2022.

THREAD: Deconstructing BANKNIFTY on 4 different TF's.

#BANKNIFTY

1. Monthly TF:

• LH-LL structure & moving within the falling channel.

• No follow through selling post the June month.

• The sharp up move in BNF depicts resilience.

• Bulls are pretty much active near 32200-32800 zone & are strongly defending this level.

#BANKNIFTY

2. Weekly TF:

• Despite a LL-LH structure BNF failed to make a fresh Lower low post LL1.

• The zig zag moves in the index as it is trapped inside the channel is responsible for volatility and SL hits.

• Weekly close >35k is a sign of strength.

#BANKNIFTY

3. Daily TF:

•Witnessed gap up opening in the past 3 days and BNF has successfully managed to stay at higher levels, specifically > 35k level.

• 35300:immediate resistance.

• 36k:strong resistance.

• Already rallied 2182 points from July 1, 2022.

#BANKNIFTY

5. Hourly TF:

• Sharp one way rally means some sideways action is required for the next leg of upmove.

• S/R mentioned on the charts.

Nikita Poojary
@niki_poojary

Options trading is luring a lot of inexperienced traders who are looking for supernormal gains.

However, most of them end up losing money as they aren't familiar with the basics yet.

8 basics you must know before placing your next trade 🧵:

Collaborated with @AdityaTodmal

1/ Option Premium consists of two things:

i) Intrinsic value which represents how much money the option would be worth if it were to expire right now.

ii) Time value represents the premium you pay since the option does not expire right now.

2/ Intrinsic value:

•It is the difference between the strike price and the asset's current market price when the difference is positive.

•Intrinsic value for ITM calls> 0.

•Positive payoff for the buyer.

3/ Example of identifying ITM options:

4/ Time value aka Theta:

• Theta represents the time value decline of an options contract.

•Time value is the additional amount over & above Intrinsic value.

•Time value on an option with 20 days to expiry > Time value on an option with 2 days to expiry.

Nikita Poojary
@niki_poojary

• A cash stock wizard, who doesn't trade the stereotype triangle, rectangle, H&S etc.

• Creative enough to look beyond the obvious

• Covering another unique set up: Rating Houses Contra Trades or as he calls it "Moody-no-so-Moody indicator"

🧵 to learn from @iManasArora

• Usually international rating agencies come with a downgrade only after a massive correction in the stock

• Similarly these rating agencies come with an upgrade report post a sharp rise in the stock

• Don't take them on face value and DYOR!

• How Ultra Bullish articles from rating/broker houses is used to dump the stock to retail

• New traders provide liquidity for BIG players to offload their stocks

#HEG

• Example 1: BofAML sees 100% rise

• Read this thread to know in detail

Next 2-4 weeks are crucial for #HEG. If it does not hold up the current level plus minus 5%, there will be an 80% chance of a 20% drop which could extend to up to 50% drop.

News based rally on a low volume could turn into a classic case of late stage base fail. pic.twitter.com/eh3ncaSxoy
— Manas Arora (@iManasArora) October 19, 2018

Nikita Poojary
@niki_poojary

#BANKNIFTY

Look how it took support of the upward sloping black trendline https://t.co/mhqkIzBkQN

#BANKNIFTY

\U0001d403\U0001d41a\U0001d422\U0001d425\U0001d432 \U0001d413\U0001d405: 38855 is the BO level on daily TF which was taken out on Feb 2 & if BNF sustains above 39500 level in the coming week then we can see a fresh leg of upmove

Formation of rising wedge i.e. HH & HL pattern

S/R on daily mentioned pic.twitter.com/liaqfEezkW
— Nikita Poojary (@niki_poojary) February 6, 2022

Nikita Poojary
@niki_poojary

#NIFTY

Symmetrical triangle under formation in daily

Spotted by @AdityaTodmal

Authors Nikita Poojary