Doing something > What you call it
The success of the "24 hour startup" challenge is not about startups
A thread
👇Read on
- This isn't a *insert name of type of event* (eg. startup)
- It's not meaningful to build in X amount of time
- Using the term X isn't accurate
Really, both sides tend to have a point.
Getting someone get their first taste of building something isn't to be scoffed at though.
It's longer-form than a tweet or back-and-forth on Reddit/Hacker News.
So he can actually make a nuanced point.
https://t.co/Z4ieToJ9Tw
- Constraint breeds creativity
- Shipping helps in ways you don't expect
- Empowering people to think they can achieve is the start of the journey
Would @patwalls have done so well without the "startup" in his two 24 hour startups?
Stretching the meaning of a word so that hundreds of people feel the impetus to do something that's out of their comfort zone likely outweighs some backlash from Reddit/Hacker News types
Where self-funding, bootstrapping and keeping costs low to maximise profit are core beliefs.
Does it make sense to use a term usually associated with funding and growth over profit?
Hundreds of individuals in the space contributed and used this as an opportunity to go beyond what they do in their day to day.
Great work @thepatwalls and the entire team of #24hrstartup
More from All
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How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
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• Exit
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• Sold Strangles 20% cap used
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• Booked loss in calls
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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
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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
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One of the classic scanners very you will get strong stocks to Bet on.
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