I receive quite a few requests on my trading style and my p…

I am a directional option seller. Mostly trading in weekly bank nifty options. I do intraday trades as well but my psychology and trading style is better suited for positional trades. I am an investment banker in full time job which is very demanding (10-12 hrs)on a workday

I generally trade based on few methods/indicators as outlined below
Time frame - 30 min for trend, use 15 min for entry
Support, resistance- I like to mark daily support, resistance as well as weekly and monthly levels and observe price behaviour near these levels

Use RSI for momentum, ADX to see whether market is trending or trading, use Parabolic SAR, market profile and anchor Vwap for directional view.
My approach is simple, trade in line with bigger trend, if main trend ( daily or weekly) is bullish, I will use every dip to sell puts

I will not be selling calls against the main trend. I will sit out when market is falling. Example, when Bank nifty gap down on Wednesday, i was selling next week’s far away puts than selling calls as main trend was still bullish.

My main focus these days is on risk management as I plan to increase my capital almost 2-3 times from current level so I have started trading keeping that in mind. I also look at risk from option premium perspective like today’s premium was not worth taking overnight risk

When do I go long -
RSI - above 60 or reversed from 40 levels
ADX - rising
Market profile- value area rising
Price action- strong BO via bullish candle
Parabolic SAR- bullish
I will sell puts , strike will be below week’s low.
Quantity- add in 3 phases 1/3 each time

I prefer to add to winning trades by increasing quantity as well as shifting strike up.
I become very aggressive trader when I m in good profits and very conservative when in loss, most of amateurs, do reverse .
I also do lot of mental preparation before market opens

My favourite mental preparation is imagining worst outcome of my trade( gap of 5 %) and how will I deal with that situation. Luckily, I have not been in 5 percent gap against my position situation. However, I am always ready to deal with me if it happens any time

I do not follow much on market news, SGX nifty as it has always interfered with my trading methods than helped in any way. One tip if you have 5 lakh as capital, imagine how will u trade if this was 5 crore instead of 5 lakh. Use same risk model for 5 lakh as u use for 5 cr

This will ensure u never blow ur account and u r thinking about risk first. Also , please note I earn very little from market. Only 12-15 percent a quarter,unlike twitter folks who makes this in one day. Please be associated with me if u can live with this small return

I m here to shorten learning curve of as many as possible. That’s my only objective of sharing tweets. Due to nature of my job, I cannot share much through free webinar, you tube videos etc. so will only be restricted to twitter. Do reach out if u need help in ur journey. Cheers