The best traders have a trading plan.

But 98.8% of the new traders, don't know how to make one.

I analyzed @niki_poojary's account, to learn how we can create a plan on our own.

Here's the simple 8-step process:🧵

Step 1: Multi-time frame analysis

This is done to:
- Find the structure (HH-HL means bullish, LH-LL means bearish)
- Align trades with the trend on the longer timeframe
- Find important Support/Resistance levels
- Trendlines

She does this to find the direction and levels.
Step 2: Identify Patterns

There are two kinds of patterns:
1. Patterns on the chart. (Eg, symmetrical)
2. Candlestick patterns. (Eg, Bearish Engulfing)

She keeps a track of all these patterns and updates them on @niki_poojary daily.

Trades all these patterns without fail.
Step 3: Option Chain analysis

In isolation, OI data won't work. It depends on the way you analyze it.

If you have a bullish view look for high Change in OI added on the put side. Vice versa for a bearish view.

This is just a confirming tool for the view that you've taken.
Simply knowing the direction doesn't mean that you'll make money.

After these, we need to figure out which options we will sell by managing our risk.

This depends on:
1. Individual's Risk-taking capacity
2. Conviction
3. Desired Return
4. A lot of practice
Step 4: Calculate what premiums of options you need to sell to make your desired return

If you are looking at a yearly target of 40% ROI, you need to make 0.75% every week.

For that, you only need to sell a 20rs option.

Check the strategy attached below as an example.
Step 5: Far away distance from the spot level.

You DO NOT need to trade in high premium strikes to make money.

I have seen many traders unnecessarily trade high premiums while not getting high ROI's.

Having a far-away distance gets you a very high probability to win.
Step 6: Position sizing

You should learn to deploy money in 10 lakh terms.

What I would recommend to new traders who are trying this method would be to deploy 2 lots per 10 lakh and trade initially.

After some success can scale up to 4/6/8 lots per 10 lakhs.
Step 7: Risk Management

An effective way to manage risk is to put a stop loss on your capital for the day. For eg, 1% loss on capital, divided into 4 trades.

In my experience, you should start by risking 0.25% per trade only until you get some profit money to increase the risk
Step 8: Money Management

If you're doing well and making money, it makes no sense to risk less when you can have the same views/logic and make more money.

Whenever capital is at an ATH, can start increasing the risk per trade.

When in a drawdown of 5% or more, lower the risk.
Step 9: Bonus Tip for newbies

I have seen people lose huge money on such days:

- Event days
- RBI policy days
- Result days

Also, monthly expiries really give violent moves. She plays safely in the last week of every month.

Doing this ensures lower drawdowns as we risk lesser
Still not clear?

If you need some help I compiled a thread on @niki_poojary weekly analysis.

You'll get to see 13 examples of Weekly Bank Nifty analysis curated together chronologically.

Go through this and compare it with your trades.

https://t.co/aQCewcFenG
Also, do watch out for her analysis and compare it with yours this week. @niki_poojary

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

Follow to never miss them.

See past threads here:
@AdityaTodmal & @niki_poojary

More from Aditya Todmal

A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

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"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

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

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.

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