BC SNLEARNINGS
Saved by @SAnngeri

Views, buy/sell signals, entry systems are over rated.

Execution and trade management skills are under-rated.

A thread

 You buy 4 lots of TataConsmr 710 CE at 24, SL 18
( Risk = R = 6 points)

TataCon 710CE goes upto 30. What do you do ?

( this is where the 4 lots minimum comes into play)
1. You sqoff 2 lots. rest 2 you put SL at 24

2. You sqoff 2 lots, you put 1 lot SL at 24, another lot at 18
3. You sqoff 2 lots, sell 2 lots of higher strikes CE , say 730/740 and covert to a bull spread
In all the cases, you have taken some profit off the table ensuring you do not lose money on this trade while keeping yourself open for more profits in case it goes up more.
I have given you a gist of what you learn in various money management / position sizing books.
Use this.

More from Subhadip Nandy

Subhadip Nandy
Subhadip Nandy
@SubhadipNandy
In technical analysis, majority of the patterns were first observed visually and then the rules made. Observing this interesting phenomenon on BNF over the past one month.
Any strong up day on BNF is immediately followed by a gap down open from the previous closing


So any upmove /upday is almost never having any follow-up buying the next day. Unless this pattern gets broken by 1-3 days of upmove after a strong closing, BNF looks extremely bearish. The logic of BNF seems to be " will kick your ass if you take bullish positions overnight" 😀

Jokes apart, if you want to understand the logical basis of patterns, this book is still the best :
Technical analysis of stock trends by Edwards and
BOOKSTOREAD
Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
Since 99% of my own trades are in options, the calls I give are also on options. I am of the firm belief, that a basic knowledge of option greeks is necessary for any trader aspiring to trade options. For this, there are numerous books and even more resources on the net/youtube

However, a trader trying to learn Greeks face the problem of information overload. The problems are mainly 3
1. Either the text is too mathematical
2. Or the explanation is too simple just skimming the surface
3. In some cases, outright wrong info ( specially on youtube)

I have decided to make a video on options greeks in which I will try to explain simply ( without the maths 😀) but will go a bit more in-depth so that the info is usable by traders doing actual trades

Spent the major part of today designing the ppt ( 40 slides), hope to upload the video in the next few days. I will also provide the names of other resources which I have referred in making the video so that viewers can refer those texts for a more comprehensive understanding.

The video will be from the view of a trader/practitioner and not just a theoretical discussion.

I sincerely hope starters will be benefitted from my effort 🙏
OPTIONSLEARNINGS
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Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
Regarding the MFI divergence indicator those who are asking :
1. Link not working on TV
2. Not showing on spot Nifty/BankNifty
3. Code showing errors
All your answers are there in the original thread. Kindly do not expect spoon feeding .
SOLVE YOUR PROBLEMS ON YOUR OWN
MFI
Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
A small thread on intraday support resistance logics over time

The most common is Pivot , support and resistances calculated from the previous day's data

https://t.co/ILMjMay1zc

They can be calculated for daily, weekly, monthly etc.

Camarilla levels are also quite popular. This seemed to be the next best thing after the original pivots at one point of

Over the years, many other technicians have tried to devise other methods to devise intraday support resistance points. In almost all cases, the previous days OHLC were used in some variation, in some cases today's OPEN was also used as an input

I have gone through almost all of the formulas. Some work on some days, some days it doesn't.
What struck me was that in each of the cases , we were using the OHLC and doing some maths with a multiplier/divider which WE/the trader thought fits the price action of the markets

This is the same as choosing a time period of an indicator and hope the market follows my choice of time frame to give me good trades. Like say a crossover of a 5/13 moving average, or a 14 period RSI or whatever.
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Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
My presentation on Money Management was based on a lot of sources as I mentioned. For traders interested on those sources , here they are

#OptimalF
Portfolio Management Formulas: Mathematical Trading Methods for the Futures, Options, and Stock Markets by Ralph Vince

The Mathematics of Money Management: Risk Analysis Techniques for Traders by Ralph Vince

#SecureF

#FixedRatio

The Trading Game: Playing by the Numbers to Make Millions by Ryan Jones

https://t.co/U0c65EbEog.
SUBHADIP DADA MONEY MANAGEMENT TO READ LIST

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greatest women rulers of all time.

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