On popular demand, here’s a thread on our key takeaways from F&O Pe Charcha with @Mitesh_Engr

Start with a low capital and master all 3 phases of the market – upward, downward and consolidation. If your winning trades are >60-70%, then increase your capital.
Treat trading as a business and target similar gains. An annual profit of 25% is reasonable and achievable.

Does a restaurant change recipes every day? No.
Similarly, stick to strategies if there is a 70% success rate. If it doesn’t work for 2 months, don’t worry, it might work for the rest of the 10 months
Option buyers need more skill than sellers as they need to catch the direction at the right time.
Approx 5-7 stocks move in a given day.

Study the charts before market opens and catch the moment in the first hour of trading. You can assess the pre-open rates of all F&O stocks at 9.07 a.m. and place the potential stocks in your watchlist.
Traders with smaller capital like Rs. 1-2 lakhs must consider hedging as their trades might not be as diversified.

I prefer taking positions in a breakout compared to consolidation.
I started trading full-time only after going through all 3 phases – bull, bear and consolidation!
Fear comes into the picture when your position size is huge.

Leverage is a double-edged sword and must be carefully considered. If a trader wishes for more profit, he/she could increase the capital instead of leveraging.

One must look at % return rather than amount of profit.
Traders with a small capital of Rs. 2-5 Lakh should consider starting with index options.
A quick scenario:

In a gap up where I see a bull trend emerging, I’d sell a put where there were breakout signs. If there’s a gap the next day, I’d sell the previous day’s closing price strike after unwinding.

More from Option selling

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

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.