Yesterday Subasish Sir from Power of Stocks made his first 1.5cr on Intraday
So let's have a look what we can learn from his today's profit:
• He generally build positions at previous swing break or after seeing a reversal candle after some retracement
• He generally creates his positions at 1st half of market
After that he just do adjustments and other things to his existing positions
• He trail his positions at previous swing high/low level
• He watch 5 min time frame to find reversals (W or M pattern) at Support/Resistance
• He generally short ITM options with hedge at 2000 far strike for margin benefit
• He leaves CE short options alone for overnight only if it decays over 20-30% after his entry
• But he never leaves PE short options alone (except where it become deep OTM) cause market generally gap up by small % but it can gap down by huge % due to any economic fear
• He always keep hedges(CE/Future short)to protect down side risk while he leave PE short for overnight