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Save ₹10,000 per month and 10+ hours each week.

Here's what they are:

Collaborated with @niki_poojary

🧵

If you use it right, Iron Fly is the most solid risk-defined strategy in trading.

But most people don't know how to adjust the strategy when it goes wrong.

Here are 7 adjustments you can do to lower risk and increase profitability: 🧵

Collaborated with @niki_poojary

0/ Who is this for?

This will greatly benefit people who freeze when it comes to managing their trades and keep booking losses.

Some trade with too much fear as well when things go wrong.

Knowing these adjustments will give you the confidence to try to manage your trades.

Most of them are to lower risk on the side the market is going in.

Some adjustments even increase the profit potential and probabilities of the trade being in profit on expiry.

Let's begin by having a look at the adjustments.

Here is the adjustment number 1 below.

1/ Don't do anything till your breakeven arrives

One reason these strategies go wrong far too quickly is due to adjusting them too frequently.

You can escape most adjustments if you simply wait for the market to arrive at your breakeven.

This will work well in monthly options.

2/ Remove Risk from Untested Side

If you've taken an iron fly and the market has gone up you can shift your put buy upwards and lock the downside risk to potentially zero.

This way you've secured one side and just need to manage the bleeding side.

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.

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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)

This year, my trading income crossed ₹3CR in profits.

It took 300 days, no big drawdowns & operated at a 86% win rate percentage in weekly.

Here are the 6 steps for you to do great in trading:

Hope it's helpful to someone.

[🧵 thread]

Collaborated with @niki_poojary

1/ Learn Price Action

First of all, you need to focus on learning about price action.

If you do so, you'll be able to understand the big player's footprints better which is critical to know as we can side with them to make profit.

Better to be with them than against them.

2/ Journal your trades

Journaling will change your trading forever.

Why? Because you will precisely know where you are going wrong and whether you keep repeating the same mistakes.

You'll also know in which market you perform the best and in which type of markets you don't.

3/ Avoid losing more than 2% on a trade

I have seen many traders including the really good ones as well, where one big loss will spoil a month or two of their trading year.

The loss becomes so big to overcome that more mistakes are made.

So don't go in a big loss itself.

4/ Think only from a buyer vs seller point of view

You should know who is in control, a buyer or a seller not in options but in futures.

Also understand, at which points do these traders usually tend to give up.

Can take trades confidently and aggressively then.

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.

The Olympic Games are controversial.

They're amazing for unity & entertainment.

But they're a horrible business.

THREAD: A story of billions in costs, misaligned incentives & crippling debt. 🧵

172%.

Any guesses what that represents?

That number is % over budget.

Since 1960, the Olympics have run over-budget by 172%.

And no Olympics have ever run under-budget.

The Olympics have the highest cost overrun of any mega project in the world.

Olympics: 172%
Mega dams: 90%
Trains: 45%
Bridge & tunnels: 34%
Roads: 20%

The 2021 Tokyo Games is no exception.

2013: bid projected $7.4 billion of costs

2019: official budget of $14.6 billion

2020: budget revised to $15.4 billion

2021: government auditors project total spending will be $28 billion.

Tokyo is the 2nd most expensive Olympics ever.

At $28 billion, it's more than the GDP of:

- Uganda
- El Salvador
- Iceland
- Jamaica
- Madagascar
- Fiji

PFIZERLEAK: EXPOSING THE PFIZER MANUFACTURING AND SUPPLY AGREEMENT.

(thread)

Background:
Pfizer has been extremely aggressive in trying to protect the details of their international COVID19 vaccine agreements.

Luckily, I've managed to get one.

#PfizerLeak
#Pfizer

Because the cost of developing contracts is very high and time consuming (legal review cycles), Pfizer, like all corporations, develop a standardized agreement template and use these agreements with relatively minor adjustments in different countries.

#PfizerLeak
#Pfizer

These agreements are confidential, but luckily one country did not protect the contract document well enough, so I managed to get a hold of a copy.

As you are about to see, there is a good reason why Pfizer was fighting to hide the details of these contracts.
#PfizerLeak
#Pfizer

First, let's talk about the product:
The agreement not only covers manufacturing of vaccines for COVID19 and its mutations, but also for "any device, technology, or product used in the administration of or to enhance the use or effect of, such vaccine".

#PfizerLeak
#Pfize

If you were wondering why #Ivermectin was suppressed, well, it is because the agreement that countries had with Pfizer does not allow them to escape their contract, which states that even if a drug will be found to treat COVID19 the contract cannot be voided.

#PfizerLeak
#Pfizer

@nramind The @the_hindu has reputation? No. That's not true. Oh Wait I am not saying this, Denmark ambassador to india says this.

@the_hindu The reputation of The Hindu is good that they printed a MEME against UP CM Yogi Adityanath as a poster of BJP TamilNadu welcoming him.

@the_hindu The Hindu appointed Nita Ambani as a professor of BHU but sadly Nita Ambani was not like Nidhi to fall for it.
Reputation? 😂😂

@the_hindu Congratulations on getting Certified as Fake News spreader. That's some legacy 😂

@the_hindu @the_hindu turned a clash between BJP and RLD supporters to between BJP supporters and Farmer just to prove that BJP is against farmer.
Reputation? 🤔

Shakuni is considered a villan in Mahabharat, some one who was responsible for Vinash of Kuru Vansh. But y was he after Kuru Vansh when her own sister was maharani of Bharat Varsha at that time. A story many dont know.

When Gandhari was born in her a Kundli there was a yog that her first husband would die & 2nd one would survive. Hence Gandhari's first marraige was done with a goat was later sacrificed removing the dosh in her Kundli.

Gandhar king got the proposal of Dhritrashtra for Gandhari. Gandhari got to know about blindness of Dhritrashtra & yet accepted the marraige proposal to keep the word of her father. Shakuni was unhappy with her beloved sister marrying a blind king.

After marraige when Dhritrashtra got to know that Gandhari had the Mrityu dosh in Kundli, the army of hastinapur attacked the Kingdom of Gandhar & making all male members of Gandhar vansh bandhis.

The Gandhar King's family was hardly given anything to eat with one serving of rice to entire clan. The family decided to feed their heir Shakuni who cud live & destroy the Kuru vansh.