1. Trading system

A trading system is the offensive weapon to get more money.

- Learn the basics (market structures, R/S, candlesticks patterns, etc.)
- Find 1 or 2 killer setups
- Backtest and store past data (WR, RRR, etc.)
- Trade
2. Risk management

Risk management is the defensive weapon to protect your money.

- For 30 days focus only on risk (not money)
- Store data and check progress (in the meanwhile you develop some self-discipline and consistency)
- Repeat
3. Psychology

Psychology is the tool to control your offensive and defensive weapons.

- Think in probabilities (Everyone can lose the next trade)
- Think long term (1 trade is nothing, 1000 trades are everything)
- Use mistakes and failures as fuel to become a better trader
4. Mix everything together

Trading is much more than a trading system.

- Without a profitable trading system you cannot get more money
- Without proper risk management you cannot protect your money
- Without a proper mindset you cannot survive in the long term
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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.