(1/n)

Finally, I quit a high paying 15 year job to become a full-time trader.
I always dreamt of not working under anyone but yet to make good income and it happened with trading.
Now I am independent, own boss and have plenty of time to do whatever I wish to do.

(2/n)

But, Don't take any hasty decisions, I was planning for this since last 3-4 years.

My story.

I was always obsessive of stock market since 2005 as I like gambling, poker, rummy etc :)
I joined my first company in 2007 and then I got an opportunity to visit overseas.
(3/n)

I got 1 lakh money for the business trip, I put entire money in Reliance Power and as usual lost everything.
Then tried some more stocks and eventually lost and out of market.

Then had a long break until 2015 as my career was going great and was in Korea for 2 years.
(4/n)

There I met a colleague in Korea and he inspired me to enter stock market again. He used to put almost all his salary in stock market and 90% of it in a single stock.
Re-entered market with some stocks and slowly learnt F&O.
I put 10 lakhs in F&O and as a beginners luck,
(5/n)

it went upto 22 lakhs with option buying and futures.
And in next 20 days, it has fallen back to 2 lakhs. That time there was only monthly options and I still remember a trade where I bought with entire capital banknifty PE option for Rs. 350
(6/n)

and next day market gapped up, the PE option opened at 200, lost 8 lakhs.

Thought that I was doing good in markets and somehow bad luck is the cause.

Took personal loan of 12 lakhs and traded again.
Eventually lost it all.
(7/n)

Then took a break & in 2018, saw @itjegan traders carnival video.
It was a great inspirational video that helped me to understand about option selling. Then explored about option selling & how it can make money in long run.
And from then, I was successful in option selling
(8/n)

But real success started from 2020. Covid has given me new opportunities due to WFH where my skills improved multi-hold.
Learnt python and moved entire execution, stop losses and other handling using Algos.
Was able to adjust quickly the positions as per the market.
(9/n)

Made two times of my salary in 2021-22.
I am a pure option seller and expiry trader but I love volatility as premiums are high and so will be the returns :)
So far, 2022 has been superb where I made 100% returns(1.17 crores) in first 5 months.
(10/n)

I was very confident about expiry trading as I had 53 continuous successful expiries in my account and almost 90% success rate in wife account, so wrote algos for this and now handling good amount in algo subscription accounts.
Check https://t.co/vs9NY3kep5 for details.
(11/n)

Also setup a corporate account to trade, will be moving my funds there within this month. Thanks to @BandiShreyas for guiding me.

Going forward, I will be trading aggressively in my account(straddles/near-ATM strangles) & conservatively in wife account(only on expiries)
(n/n)

Now, I have 3 targets to achieve
1. Don't lose big money. Capital preservation is the key.
2. Achieve target of 4% per month in my account and 2% per month in wife account.
3. Spend quality time with family & enjoy travelling

Lets see how life goes from now on :)

More from yashstocks

(1/4)

12 to 15% is easily achievable nowadays without taking much risk even though the capital is 10 crores due to leverage :)

Invest 10 crore in liquid, debt, gilt, T-bills, 10-20% equity that will give 6 to 7% average returns every year.


(2/4)

Rest can be made by selling far otm penny options only on expiries. They are trading at good premiums due to leverage and can be easily manageable if goes wrong. Thus targeting only 0.15% returns in a week
0.15% x 52 weeks = 7.8%

6% in MFs + 7.8% in trading = 14% returns

(3/4)

Now comes the hard part, doing this every week without getting bored and without affecting one's psychology is the most difficult part. And since we start making money, we take higher risks which can eventually wipe out profits.

(4/4)

And those who think about blackswan event all the time can do it only call side. And it's purely intraday & only will be done on expiry days, so chance of Black Swan, that too on upper side is mostly impossible. If there is any case as such before, do let know in comments

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