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Nikita Poojary
@niki_poojary 4 years, 4 months ago 544 views

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Why we sold only CE's today ?

A small 🧵

Collaborated with @AdityaTodmal

• BNF reversed from 32155 (low made on Mar'8)

• One side rally to butcher the CE writers

• Gap up opening by ~1300 points

• From Mar'8 low till today open ~2800 point rally

• 2800 point rally in just 1.5days

• Trend on the larger TF still bearish

• Due to election results we decided no to carry any overnight positions

• Selling PE on the back of 2800 point rally would have been disastrous due to unfavorable R/R

• So we were very clear to short only CE's

• But then need to follow the trend

• We decided to short CE at the break of first 5min candle

• By 9.45 it started to reverse

• Spotted M pattern at the resistance and started shorting CE's thereafter i.e. post 12.12 hours

• Also BNF resisted at the weekly Channel BD re-test zone

• Patterns Made in BNF:

1. W pattern near lows, made on March 8,
(near 32115 lows, which is also the 1st demand zone in weekly)

https://t.co/YGMfQ6TVQt

#BANKNIFTY

Are we gonna witness a BO of W today? pic.twitter.com/6rYAJk2sOv
— Nikita Poojary (@niki_poojary) March 8, 2022

2. Flag pattern post the BO of W pattern

https://t.co/SqLs3Ve2nU

#BANKNIFTY

Flag BO https://t.co/TqqIe5L1Y9 pic.twitter.com/lKUDsUVVAI
— Nikita Poojary (@niki_poojary) March 9, 2022

3. M pattern near the upper levels on March 10

• Hope this helped to understand the logic for shorting only CE's in today's expiry

• If you found this useful, please do RT first tweet

See past 🧵 here:

@AdityaTodmal
&
@niki_poojary

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Subasish Pani revealed the most simple, yet successful strategy: 5EMA set up!

Here is a thread of 23 video clips on the 5EMA set-up that will save you hundreds of hours and available to you for no cost!

5EMA set-up: 🧵!

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1/Don't hate on any style:

• Admire the fact that money can be made from intraday, scalping, positional, option buying, selling, futures, etc

• Try to understand which one fits you the most and apply that, then ignore the rest!

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• The R/R of this set up in intraday is 1:3 & for investing can go beyond.

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• Prices routinely oscillate around the mean but tend to return to that same average price over and over.

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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’s how the strangles were converted into straddles & how the positions were managed!

Time for a Thread 🧵

• Wednesday night (IST) there was an event, FOMC meet
• Markets were jittery, as they say, when US sneezes the world catches cold
• Both Dow & Nifty were weak
• All eyes were fixed on the Fed Reserve Chair Jerome Powell’s take on interest rate and the pace of asset purchases

• So didn’t wanted to get caught on the wrong side, hence on Wednesday noon Shorted a strangle
• ~700-800 points away from where the BNF was about to close i.e. 37k levels
• 37800 CE @ 43 & 37700 CE @ 34 & 36200 PE 28 & 36300 PE at 34

• On Wednesday 37K strike witnessed heavy CE & PE Open interest 2.5mn & 2mn of CE & PE writing respectively

• On Wed night, the cat was out of the bag and Mr. Powell kept interest rates at zero & continued the current pace of asset purchases
• Dow celebrated the news and on Thursday morning (weekly expiry) i.e. Sep 23, 2021 BNF opened with a gap up of ~300 points and opened at 37241

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@niki_poojary

The most valuable aspect in trading you aren't using:

POSITION SIZING

Sizing is the key, you'll make big money only if you own a significant size without compromising on risk.

Here are 10 of them, and they are for free: 🧵

Collaborated with @AdityaTodmal

1/ For a faster growth, one needs to have a bigger size:

• What difference would it make if a stock moves by 300%?

• But then, what if you had only 1% capital allocation?

• Despite the stock performing spectacularly, your account won't reflect the same, due to small sizing.

2/ Three types of position sizing:

1. Fixed absolute Rupee amount that one is willing to risk.
2. % risk of the total capital.
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Risk tolerance should be taken into consideration while determining appropriate position sizing.

3/ Fixed absolute Rupee Amount:

• Eg: Total capital is Rs. 10 lacs and the max risk per trade is Rs. 7500

• Lets say a stock is trading at 1200 and your SL is 1120 (i.e. your risk per unit us Rs. 1200-1120 =Rs. 80)

• Optimum qty: 7500/80 = 94 units

4/ Percentage risk of total capital:

• Lets say you want to risk 1% of the total capital on each trade.

• Considering the total capital of Rs. 10 lacs, you shall risk Rs. 10,000 i.e. 1% of 10lacs on each trade.

• Quantity to be traded/invested calculation remains the same.

Nikita Poojary
@niki_poojary

In the month of October 2022, we have shared 15 threads, which includes:

• Free Price action course worth 50k
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• Hacks to avail tradingview premium features for free

and much more 🧵

1/: Eight websites that F&O trades just can't afford to

These 8 websites will answer 80% of your FNO research questions! \U0001f9f5

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— Aditya Todmal (@AdityaTodmal) October 1, 2022

2/ Bollinger band set up with minimum 1:4 R/R by Subasish

A set up which has a minimum Risk/Reward (R/R) of 1:4

This set up can be used for intraday, option selling, option buying, as well as investing.

Maximum profit strategy by Subasish Pani.

Bollinger band set-up: \U0001f9f5!

Collaborated with @AdityaTodmal pic.twitter.com/aEIUVQF2XY
— Nikita Poojary (@niki_poojary) October 2, 2022

3/ Eight books on Option trading that every trader should

8 Options Trading books that every trader should read: \U0001f4da

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) October 2, 2022

4/ List of threads to make you a pro in option

Option Selling allowed me to 10x my career and income.

Some of the Top 1% of the traders have mastered this skill.

Here are 5 threads to make you a pro today (completely free):

Collaborated with @niki_poojary

\U0001f9f5
— Aditya Todmal (@AdityaTodmal) October 7, 2022

Nikita Poojary
@niki_poojary

Tradingview is one of the most trusted and used web application by traders across the world.

10 hacks that'll get you features of @tradingview premium version for free:🧵

Collaborated with @AdityaTodmal

1/ Free Multi Timeframe Analysis:

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"

The best part about this is this is absolutely free to do.

Check out this video if you are still unable to figure it

2/ Create Free Multiple Watchlists:

Step 1: Download @TradingView app on your mobile phone, and login.

Step 2: Now create watchlists eg: World Indices, Banking Stocks, NIFTY50 stocks etc.

Step 3: Now go back to your tradingview web browser and click on refresh and you will see the watchlist names on the web browser.

Step 4: Now simply add names in your watchlist on the web browser by clicking on the plus sign.

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Example

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1. Let's start option selling learning.
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itrade(DJ)
@ITRADE191

Don’t ask any question now just try to understand how I trade in live market

Yesterday sell 14700 than 14600 than 14800 market come down sell sell 15 k call going up sell 14400 put Getting some profit buy protection 14450 pe 14950 ce now u know ur max loss now wait or do adjustment with sell upar side ce or pe it\u2019s practical knowledge not books knowledge pic.twitter.com/J5sPGClVUZ
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Collaborated with @niki_poojary

Here's what you'll learn in this thread:

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2. Trading Opening Range Breakouts
3. Reversal Trading Setups
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6. NR4 + IB
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Let's dive in ↓

1/ STBT option Selling (Positional Setup):

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Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped

A thread about STBT options selling,

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(1/n)
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Don't trade till 9:45 Am.

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(1/n)
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This is an opening range breakout setup with a few conditions.

To be used when the market opens above yesterday's day high

or Below yesterday's day's

#OpenDrive #intradaySetup

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(1/n)
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ANKY
@ANKYIIMR

All important Options Selling Strategies..
A thread🧵:

Simple Directional Call Sell

View: Neutral to bearish
Limited Profit, unlimited risk.
High Probability of profit.
High Margin required.

Simple Directional Put Sell

View: Neutral to Bullish
Limited Profit, unlimited risk.
High Probability of profit.
High Margin required.

Call Credit Spread

View: Neutral to bearish
Limited Profit, Limited risk.
High Probability of profit.
Low Margin required.

Put Credit Spread

View: Neutral to Bullish
Limited Profit, Limited risk.
High Probability of profit.
Low Margin required.

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Velimalai Kumaraswamy Kshetram
Kumarakovil, #Kanyakumari
#Tamilnadutemples 🚩

Velimalai Kumaraswamy Temple is a Murugan temple located in Kanyakumari District of Tamilnadu.

Muruga faces east and is said to be facing Sthanumalayan (Paramashiva) of Suchindram. Muruga is of

eight feet vigraham and Valli thayar is six feet tall. Eventhough Thiruthani is believed to be the place where Subrahmanya married Valli, it is also believed that Valli’s thayar's marriage took place with Murugan here.

There is a Kalyana Vinayakar sannidhi
who helped Muruga's

marriage with Valli. Kumarakovil is also known as Kumara Kshetram and Subrahmanya Sthala. The Tamil epic Chilapathikaram refers to the temple as Chera Nattu Aeragam

Wedding of Valli and Murugan is celebrated here in the Tamil month of Panguni (March-April).

Om Muruga
🙏🕉🙏