Nikita is a hardcore directional player. Whenever there is a trend, she hardly ever misses it.
Previously, I sold only strangles, but after observing her and watching her make profits, I decided that going directional is where the big money is.
I have made more than ₹ 3,00,00,000 profit after meeting @niki_poojary last year.
She taught me a lot of things and elevated my trading to a different level.
Here are 8 key learnings from her which helped me improve my trading performance:
Nikita is a hardcore directional player. Whenever there is a trend, she hardly ever misses it.
Previously, I sold only strangles, but after observing her and watching her make profits, I decided that going directional is where the big money is.
It is totally possible to trade in the weekly expiry based on only support and resistance.
Because you understand whether the buyer has the upper hand or the seller. Can just accompany them & make money.
Once the Support &Resistance zones are identified, we know where the smart money is likely to make its plays, then it is important to execute on your ideas.
Simply knowing how something works does not put money into your pocket.
Even this became much easier for me because I learned from her risk-taking. She is a relatively higher risk taker than me. I am a very cautious and risk-first-approach kind of trader.
Nikita has been observing patterns during live markets since she began trading.
Focusing on only one thing has led her to improve her chart reading skills.
Even the location of the pattern matters a lot. Some bullish patterns stop working in bearish markets and vice versa.
Multi-time frame analysis is extremely useful in determining the likelihood of a bull/bear move occurring.
It is also simpler to trade during the week by aligning your trades with higher timeframes. https://t.co/rUManxxrEj
Over the last 18 months, I have scaled my income to around \u20b910,00,000 or 10 lakhs per week with drawdowns below 10%.
— Aditya Todmal (@AdityaTodmal) December 3, 2022
How?@niki_poojary taught me how to form a weekly trading plan.
I'm going to share what I've learned in this thread.
Here's the simple 10 step process: \U0001f9f5
A few weeks ago, Bank Nifty was making continuous green candles in weekly trading.
But the risk-reward for selling puts became horrible after some point.
So, if you had a good understanding of multi timeframe analysis, can gauge the risk-reward better to sell.
Previously, expiry trading meant selling options overnight on a Wednesday and avoiding expiry day intraday trades entirely due to the wild moves.
I used to make my options zero and sell them on Wednesday nights to capture theta decay.
Now it is difficult to lose money on an expiry day unless there is a 3 way move or a 4 way move intraday like June 23rd for eg.
If you always trade on instinct, you may end up making the worst decisions.
We ourselves have caught many tops and bottoms in the market. Just not the correct way, ha-ha.
Sold puts at the highest point and calls at the lowest point.
This was important as if only traded on gut it is entirely possible to execute trades at the worst possible time on a regular basis.
We improved the risk-reward game instead of constantly selling super high probability for zero options.
So, when the right opportunity presents itself, you can take higher risks and profit from higher premium strikes.
If you want to sign up for our upcoming workshop in Bangalore you can register via clicking on the link below.
Location for the workshop: near UB city
Payment Link: https://t.co/BaToHhLYwm
1) Technical Analysis on Bank Nifty.
2) Strikes that we think will go to zero.
3) Weekly Analysis.
4) Learnings
Click to join: https://t.co/bE4fyLgxv2
If you enjoyed this thread:
1. Follow us @Adityatodmal & @niki_poojary for more threads on Price action, Option Selling & Trading growth.
We've got you covered.
2. RT the first Tweet to share it with your audience.
I appreciate it!
More from Aditya Todmal
Curated tweets on How to Sell Straddles
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.
1. Straddles explanation from the boss himself.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.
1. Straddles explanation from the boss himself.
How to sell option?
— Mitesh Patel (@Mitesh_Engr) January 30, 2021
Here let me explain through simple math.
Say BN at 30000
30000 straddle trading at combine premium 800 ( based on current volatility)
Put at 400
Call at 400
You don\u2019t know direction. Sold both.
If move will not come than both will decrease gradually.
DJ SIR THREAD
Great video with points helpful for beginners.
Made 4 threads on DJ Sir with the help of @niki_poojary
1. Selecting strikes to trade in with risk management.
2. How he took some aggressive trades.
3. Multiple charts analysis for intraday trading.
4. Trade Setup
Attaching all threads made on DJ Sir. After watching the video you can refer to this tweet for notes about his strategy and learn a few other ideas.
Compiling these together for easy access to his knowledge.
1. Selecting strikes and risk
2. Going aggressive with help of data and
3. Intraday
Great video with points helpful for beginners.
Made 4 threads on DJ Sir with the help of @niki_poojary
1. Selecting strikes to trade in with risk management.
2. How he took some aggressive trades.
3. Multiple charts analysis for intraday trading.
4. Trade Setup
https://t.co/Ngoc5bh906 Thank Mahek bhai for making this video basis my set up which i have been following since past 2 yr I\u2019m not promoting this software, neither I 'll gain any referral if anyone subscribes for this software ,Purpose is to share help fellow traders!\U0001f60a
— itrade(DJ) (@ITRADE191) September 5, 2021
Attaching all threads made on DJ Sir. After watching the video you can refer to this tweet for notes about his strategy and learn a few other ideas.
Compiling these together for easy access to his knowledge.
1. Selecting strikes and risk
5. A THREAD on . . . .
— Aditya Todmal (@AdityaTodmal) July 11, 2021
How @ITRADE191 selects strikes to trade in and how he follows risk management.
Short thread explained via pictures with the help of @niki_poojary.https://t.co/YiYYaIReNS
2. Going aggressive with help of data and
6. Thread on how @ITRADE191 made 3 lakhs in 2 days.
— Aditya Todmal (@AdityaTodmal) July 11, 2021
You will need:
1. Pivots
2. Vwap
3. PDL/PDH (Previous day high/low)
4. Advance/Decline Ratio.https://t.co/o9tLOaLpEh
3. Intraday
7. DJ @ITRADE191 multiple chart analysis for INTRADAY TRADING.
— Aditya Todmal (@AdityaTodmal) July 11, 2021
1. Core setup
2. Pivot points trades
3. PDH/PDL trades
4. Open interest addictions combined with rejections on charts.
5. Website to confirm biashttps://t.co/qZQCWOSisa
MASTER THREAD on Short Strangles.
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
Google Chrome has over 137,000 extensions.
But 95% of Traders are unaware of the best extensions for trading.
10 Google Chrome Extensions that will accelerate your trading ( all free ): 🧵
Collaborated with @niki_poojary
1. Pulse by Zerodha
Latest financial and market news from all major Indian news sources are aggregated in one place.
🔗 https://t.co/jQ5Lu1P1r3
2. Full Width Zerodha Kite Trading Platform
This extension will make your Zerodha kite trading app full-width for large-screen desktops and laptops.
Also adding some tweaks will help you stay more focused on trading.
🔗 https://t.co/HSmVxLxPNv
3. Zerodha Scrip Plus
Zerodha fullscreen trading with brokerage calculator and analysis options
- Brokerage Calculator
- Full screen trading
- Marketwatch and Holdings scrips analysis
🔗 https://t.co/ZOmAcvamRh
4. Jarvis - Zerodha Trading helper
Jarvis helps in managing your risk by giving you a consistency of pre-determined stop loss % and risk per trade.
Once you set these values in the plugin then it automatically sets the quantity of the trade.
🔗 https://t.co/qn2MvDkCdR
But 95% of Traders are unaware of the best extensions for trading.
10 Google Chrome Extensions that will accelerate your trading ( all free ): 🧵
Collaborated with @niki_poojary
1. Pulse by Zerodha
Latest financial and market news from all major Indian news sources are aggregated in one place.
🔗 https://t.co/jQ5Lu1P1r3
2. Full Width Zerodha Kite Trading Platform
This extension will make your Zerodha kite trading app full-width for large-screen desktops and laptops.
Also adding some tweaks will help you stay more focused on trading.
🔗 https://t.co/HSmVxLxPNv
3. Zerodha Scrip Plus
Zerodha fullscreen trading with brokerage calculator and analysis options
- Brokerage Calculator
- Full screen trading
- Marketwatch and Holdings scrips analysis
🔗 https://t.co/ZOmAcvamRh
4. Jarvis - Zerodha Trading helper
Jarvis helps in managing your risk by giving you a consistency of pre-determined stop loss % and risk per trade.
Once you set these values in the plugin then it automatically sets the quantity of the trade.
🔗 https://t.co/qn2MvDkCdR
