Detailed thread on how @niki_poojary & I managed our positions on Thursday and got a big profit via straddles.

Many people were asking us in the comments, how we managed.

Explained transparently what we did.

Hope you get something to learn from this. 😀👍

Sep 23, 2021 - Weekly expiry, preceded by the FOMC meet and not to mention the gap up which then turned out to be a trending day

Here\u2019s how the strangles were converted into straddles & how the positions were managed!

Time for a Thread \U0001f9f5
— Nikita Poojary (@niki_poojary) September 25, 2021

More from Aditya Todmal

Aditya Todmal
@AdityaTodmal

A THREAD:

7 FREE OPTION TRADING COURSES FOR BEGINNERS.

Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.

Here I'm listing the resources every beginner should go through to shorten their learning curve.

(1/10)

1st Course - TASTYTRADE

This channel on YouTube is a goldmine for people wanting to learn about options both basics and advanced. By far the best and the most popular channel out there amongst option traders.

2nd Course - OPTION ALPHA

This channel is also pretty well known amongst option traders and they have laid out the path to generate consistent income trading options.

3rd Course - PROJECT OPTION

Lengthy videos explaining the benefit of trading options and has gone through

4th Course - TASTYTRADE

Another crash course on options by tastytrade. Different strategies have been compared while some focus on trade management is also

Aditya Todmal
@AdityaTodmal

The most successful stock trader from America & the winner of all the trading competitions he competes in.

20 Powerful tweets to learn from @markminervini

A 🧵thread...

Jesse Livermore

Some important quotes by Jesse Livermore... pic.twitter.com/UklL86oTvb
— Mark Minervini (@markminervini) June 16, 2021

Never let a loss exceed 8% changed his trading game for the

The big turning point in my trading came when I made a decision and vowed to NEVER EVER let a loss exceed 8%. During the next 5 years I averaged 220% per year for a total compounded return of 33,500%. It's been 28 years since and I have never broken that discipline not even once!
— Mark Minervini (@markminervini) April 26, 2021

Key early decisions to make for your trading

A few key decisions early in my trading career and my financial life completely changed for the better in just a few years.
1. No big losses
2. No averaging down
3. No chasing extended stocks
4. No giving back decent profits
5. Always get odds on my money
— Mark Minervini (@markminervini) June 13, 2021

Never listen to

Only losers discourage dreamers. Only those who never achieved big things discourage those attempting to achieve big things. Only those who think small discourage those who think big. Never believe discourages. The have no credibility! Believe winners. Believe in YOU! \U0001f447 pic.twitter.com/JdAhRy3lRJ
— Mark Minervini (@markminervini) June 14, 2021

Aditya Todmal
@AdityaTodmal

A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

(1/12)

Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

(2/12)

Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

(3/12)

Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

(4/12)

Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

(5/12)

Aditya Todmal
@AdityaTodmal

How to manage risk in Option Selling?

10 frameworks to improve your risk management in 1 month:

Collaborated with @niki_poojary

In this thread you'll how to manage risk with:

1. Directional markets
2. Range-bound markets
3. Mtm stop loss
4. Booking profits
5. Overnight hedging
6. Event Risk
7. Position Sizing
8. No leverage
9. Reducing positions when wrong
10. Calculating risk upfront

Let's go ↓

Directional markets:

There is no point in the market being directional and you adjusting a non-directional trade.

As a general rule, you should only adjust once or maximum twice and then give up on firefighting.

Then you should side with a directional move.

Mistake of a non-directional trader:

Non-directional traders face heavy losses in directional markets.

If you are able to limit your losses in such scenarios, your risk management will improve.

The "I can adjust any move" mindset has to vanish for this to improve.

Big Range:

Moves in a big range are usually violent, and this is where non-directional traders lose money despite the fact that they are correct in assuming that the market is range bound.

Level-based stops work best in such an environment with reduced quantities.

Aditya Todmal
@AdityaTodmal

I gathered the 38 best screeners from @YMehta_

Save 100+ hours researching.

A thread:

Collaborated with @niki_poojary

10 Free Candlestick Pattern

Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ stocks listed.

Here is the list of top 10 Free Candlestick Pattern based screeners that I use:

Also, last two screeners are my favorite to pick early momentum stocks.
— Yash Mehta (@YMehta_) October 28, 2022

Top 9 Price Action-based

Screeners helps trader in saving lot of time in filtering best stocks out of 1000+ stocks listed.

Here is the list of top 9 Free Price Action based screeners that I use:

Also, last screener is my favorite to pick early momentum stocks.
— Yash Mehta (@YMehta_) September 16, 2022

7 Strategies with their

Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ listed stocks.

Here is the list of top 7 Free Strategy and its respective screeners that I use:

Also, last screener is my favorite to pick early momentum stocks.
— Yash Mehta (@YMehta_) December 9, 2022

4 Investment Strategies with their

There are so many investment strategies, still hardly anyone creates long term wealth in stocks.

Sharing 4 Investment Strategies based on Technical Analysis and Screeners for free (sold as a \u20b9 50,000 course!).

Shared a bonus trading strategy at the end.

A thread \U0001f9f5:
— Yash Mehta (@YMehta_) November 25, 2022

More from Optionslearnings

Mitesh Patel
@Mitesh_Engr

17% need workshop. 😂😀

How many are believing only in simple trading system?
— Mitesh Patel (@Mitesh_Engr) April 3, 2021

This is my simple trading.

I don\u2019t have any magic.
Next week I will prefer to sell put in between strike 30500-31000 as shown in pic. Will manage upto 31000.
If breaks 31000 as first down support then will exit put nearby 31000 strike and will sell
31500 call ( will act as resistance again )
Simple hai na pic.twitter.com/hPLIMq3tSe
— Mitesh Patel (@Mitesh_Engr) January 7, 2021

Chartsbank
@Chartsbank

Sharing a simplest ever to trade options.

Chalk out Support & Resistance.
Play contra.
Like make bullish positions on support
Or
Bearish on resistance.

Bullish means sell ATM PE & OTM CE
or bearish means ATM CE & OTM PE

Exit if support or resistance broken.
As it gonna be a trending day.
Hold another leg to breakeven.

If moves comes into favour, one gonna make awesome.

Aditya Todmal
@AdityaTodmal

Jatan Kothari
@jatankothari

Covered Debit spread adjustment (In case of market reverse)
Also covered one of the straddle adjustments

Hope you get to learn something 🙂

retweet 🔁 for wider reach

itrade(DJ)
@ITRADE191

Today trade

“We don’t negotiate salaries” is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya

"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018

And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]