I accepted that I am not great at stock trading & been trading index only majorly since then & have never missed a day trading BankNifty
Trading Mistakes & Lessons Learnt 🧵
1) I always keep my mistakes & lessons learnt in front of my screen while trading.
Bcz we as traders tend to commit the same mistakes everytime.
So seeing your learnt lessons everyday ensures that you avoid them.
#trading #mistakes

I accepted that I am not great at stock trading & been trading index only majorly since then & have never missed a day trading BankNifty
I would have had a gain of more than 230 % if I had capped losses at 1% of cap.
Lesson: Keep losses per trade less than 1% of capital no matter what !

Lesson: Never take markets lightly & Always keep protective stops in the system (and not in your mind) to keep loss in control in case of blackswan.

So many times I have wasted 1 or 2 weeks just to close a loss making trade at cost😢
Lesson: I do manage now but exit as soon sold options become ITM or 2 x in value.
So always always manage risk especially while selling options.
Eg. Corporate tax rate cut day, demontisation, surgical strike, 2020 fall etc were brutal moves & if not managed properly can take years of profits.
Luckily I had only 1 lot but learnt a good lesson
Lesson : Always hedge your overnight position

I had a position in Yesbank but it opened 10% gapdown next day but I got saved as position was completely hedged.
Lesson: Learn from your mistakes,note them in journal & never repeat it again!


Inspite of knowing that I shouldn’t commit them.
Bcz we as humans tend behave in a certain manner everytime.
So , it’s best to keep your lessons/mistakes hand written in front of you and read everyday before trading.

Lesson :
Never get complacement & always remember that market is supreme🙏
So stay humble always !
Was it my fault ?
Did Market conditions change?
How I felt during the drawdown ?
What could I have done better ?
Lesson :
All this gives you the confidence to sail your next drawdown smoothly.
More from Sourabh Sisodiya, CFA
Thread 🧵:
A Day in the Life of a Trader (A day in my Life)
1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.
#trading #life
2)7:30 AM : Alarm Rings
A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.
3) 8:00 AM : Leave for office
On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions
P.S: We are moving to a new bigger office & will share pics of that soon
4) 9 AM - Connect with Trade Room members
I connect with trade room members on zoom & share my plan for the day, stocks to keep in radar & how to play the index & which option strategies to execute
For more details about Online Trade Room you can check
https://t.co/WrQPxhABsE
5) 9:07 - Pre Opening session
I keenly observe the pre-opening to get a general sense of where the market is it likely to open. At 9:07 AM, the pre-opening prices are out. I make a note of stocks opening with a big gap up or gap down and keep them on my watchlist.
A Day in the Life of a Trader (A day in my Life)
1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.
#trading #life

2)7:30 AM : Alarm Rings
A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.

3) 8:00 AM : Leave for office
On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions
P.S: We are moving to a new bigger office & will share pics of that soon

4) 9 AM - Connect with Trade Room members
I connect with trade room members on zoom & share my plan for the day, stocks to keep in radar & how to play the index & which option strategies to execute
For more details about Online Trade Room you can check
https://t.co/WrQPxhABsE

5) 9:07 - Pre Opening session
I keenly observe the pre-opening to get a general sense of where the market is it likely to open. At 9:07 AM, the pre-opening prices are out. I make a note of stocks opening with a big gap up or gap down and keep them on my watchlist.

More from Screeners
Chartink Screeners Complete Compilation
Sharing 9 Screeners🧵
1. Swing Trading Techno Funda https://t.co/sV6e8XSFRK
2.Range Breakout
https://t.co/SNKEpGHNtv
3. Stocks in Tight Range :
https://t.co/MqDFMEfj82
Telegram Link : https://t.co/b4N4oPjqm9
Retweet and Share !
4.Stock Closing up 3% Since 3 days
https://t.co/vLGG9k3YKz
5. Close above 21 ema
https://t.co/fMZkgLczxR
6. Days Fall and Reversal
7. 52 WEEK high Stocks.
https://t.co/H6Z6IGMRwS
8. Intraday Stocks :https://t.co/JoXYRcogj7
9. Darvas Box
Sharing 9 Screeners🧵
1. Swing Trading Techno Funda https://t.co/sV6e8XSFRK
2.Range Breakout
https://t.co/SNKEpGHNtv
3. Stocks in Tight Range :
https://t.co/MqDFMEfj82
Telegram Link : https://t.co/b4N4oPjqm9
Retweet and Share !
4.Stock Closing up 3% Since 3 days
https://t.co/vLGG9k3YKz
5. Close above 21 ema
https://t.co/fMZkgLczxR
6. Days Fall and Reversal
7. 52 WEEK high Stocks.
https://t.co/H6Z6IGMRwS
8. Intraday Stocks :https://t.co/JoXYRcogj7
9. Darvas Box