Some people define themselves based upon how they guess others see them
When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action
Beliefs affect behaviour
Bad behaviour can have detrimental consequences with wealth building
Being aware of your own innocent beliefs is powerful, but only if you apply this knowledge
A thread inspired by @GeorgeDKinder and the @KinderInstitute
Some people define themselves based upon how they guess others see them
When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action
If some people experience a series of setbacks they assume their goals are not achievable
As any significant effort entails risk, such people are then unable to make significant achievements
The belief that status in life or even potential as a human is determined by luck, fate, or divine intervention, can rob such people of initiative, making them passive as they wait for "luck" to change
Some people believe emotions are caused by external events
In truth, emotions are determined by perceptions of events combined with preconceptions of what those events mean
As perfection is unattainable, people who seek it are simply setting themselves up for disappointment
"Successful perfectionist" = oxymoron
Without a sense of purpose, it's hard to be inspired
Some people believe that it will be possible to know answers to all the big existential questions
When we do not know things we choose to believe them. Mixing up knowledge and believing is very common
Beliefs make it possible for us to survive in a hostile world in which we do not have answers to all that is happening
Experimenting with new behaviour is one way of starting to let go
Accessible: https://t.co/0JPXuDxjv0
~ End ~
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• Sold Strangles 20% cap used
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• Kept rolling up profitable leg
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Curated the best tweets from the best traders who are exceptional at managing strangles.
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• 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.
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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
