BC TRADING
Saved by @vsamk

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.
5/ Trade Bank Nifty only

In my opinion, the best traders are trading in Bank Nifty and not in Nifty.

It is more volatile which means bigger moves and if you can catch these, usually means bigger profits as well.

Also, scope for adjustments is higher in BNF.
6/ Backtest your logics

Before trading with money on some logic and simply losing in case it isn't working, try backtesting to generate confidence.

With data, you'll be trading confidently and accurately.

You can create multiple setups to guide you as well in weekly expiry.
7/ Reduce quantities when losing

All traders who go bust keep the quantity the same or increase it when they lose money, this is the worst quality I have observed in bad traders.

You can always go into bigger losses, so reduce the qty when you lose and recover from there.
TLDR version

• Learn Price Action
• Journal your trades
• Avoid losing more than 2% on a trade
• Think only from a buyer vs seller point of view
• Trade Bank Nifty only
• Backtest your logics
• Reduce quantities when losing

Try this for 6 months and let me know!
We are finally on Youtube!!

We have a free Youtube Channel where we cover our analysis of the markets.

If interested feel free to join using this link: https://t.co/nn32SaAej5
We also have a free telegram channel.

Link to join: https://t.co/bE4fyLgxv2
That's a wrap!

If you enjoyed this thread:

1. Follow us @Adityatodmal & @niki_poojary for more threads on Price action, Option Selling & Trading growth.

We've got you covered.

2. RT the first Tweet to share it with your audience.

I appreciate it!

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Compilation of the best learnings from @BankniftyA through his tweets.

Have compiled his:

1. Expiry day trading.
2. Trade logics.
3. Multiple Charts analysis.
3. BTST criteria for stocks.

Share if you find it helpful so that everyone can benefit.

A pdf of his moneycontrol article where you can read about his journey and how he trades.


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When I had spoken to him on phone he advised me to backtest all expiries and rigorously practice them again and again to develop conviction. Superb advice!


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A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

• How to find direction
• Which options to sell
• How to deploy capital
• Exit criteria
• What ROI he targets weekly
• What % risk he takes

Done with the help of @niki_poojary


How @Mitesh_Engr Sir finds the direction?

• Daily charts S/R
• 75 min charts S/R
• Intraday trend
• Always play directional
• Never trades in strategies


Which options to sell in weekly expiry according to @Mitesh_Engr?

• Weekly candle High/Low
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Position Sizing by @Mitesh_Engr Sir.

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Some important tweets of @Mitesh_Engr Sir

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Here are my top 10 best tweets of the week: 24th September.

• Stocks to buy & hold forever
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Stocks one can buy and hold


These companies will always keep running, no matter if recessions come or not.


26% CAGR makes your money 10x in 10


Some life
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@AdityaTodmal
I have made more than ₹ 3,00,00,000 profit after meeting @niki_poojary last year.

She taught me a lot of things and elevated my trading to a different level.

Here are 8 key learnings from her which helped me improve my trading performance:

1) Become a directional player:

Nikita is a hardcore directional player. Whenever there is a trend, she hardly ever misses it.

Previously, I sold only strangles, but after observing her and watching her make profits, I decided that going directional is where the big money is.

2) Support & Resistance to gauge the big player's footprints:

It is totally possible to trade in the weekly expiry based on only support and resistance.

Because you understand whether the buyer has the upper hand or the seller. Can just accompany them & make money.

3) Execution power on ideas discussed:

Once the Support &Resistance zones are identified, we know where the smart money is likely to make its plays, then it is important to execute on your ideas.

Simply knowing how something works does not put money into your pocket.

You must have the guts to punch the trades in large quantities.

Even this became much easier for me because I learned from her risk-taking. She is a relatively higher risk taker than me. I am a very cautious and risk-first-approach kind of trader.
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
Everyone wants to accelerate their trading in 2023

Yet, 99% don't know the best strategies to trade better.

14 free trading strategies to crush this year:

Collaborated with @niki_poojary

Will be covering these three types of strategies:

1. Intraday Trading Strategies
2. Positional Trading Strategies
3. Uses of Indicators

I have found these three accounts to have top-notch quality:

1. @RijhwaniSheetal
2. @jigspatel1988
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Intraday BNF strangle based on OI data.


A few setups to make intraday trading easy.
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@doctorow
There is no shortage of takes about what's going on with Gamestop (and other surging stocks), Robinhood and Reddit's r/wallstreetbets, many of them contradictory - at least on the face of them. But I think it's possible for most of these takes to be right. Here's how.

1/


First you need to understand the underlying mechanics of the story. Stock markets are fundamentally a way of making bets, including bets on the outcome of other peoples' bets, and bets on the outcomes of THOSE bets.

2/

All this complexity creates lots of exploitable opportunities. Some of these opportunities are considered legitimate and are given respectable names like "arbitrage." Others are considered illegitimate, and are called disreputable things like "stock manipulation."

3/

A hypothetical Martian observing all this through a telescope could not tell you which kinds of bets were honest and which were dishonest, because the difference isn't about any objective standard, but rather, about power.

4/

The strategies of powerful people are legit, while the strategies of their would-be dethroners are not legit. Sometimes, even outright frauds are OK if they're done by people with enough power.

5/
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
12 TRADING SETUPS used by professional traders:🧵

Collaborated with @niki_poojary

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

1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy

Let's dive in ↓

1/ STBT option Selling (Positional Setup):

The setup uses price action to sell options for overnight theta decay.

Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped


@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data

Don't trade till 9:45 Am.

Identify the highest OI on puts and calls.

Check combined premium and put a stop on individual


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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
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Aditya Todmal
@AdityaTodmal
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.

(4/12)

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)
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Charts Time!
Follow the thread
$SPY $SPX $QQQ $JETS $NVDA $AMZN $XLE $XLF $PLTR $IWM $TRAN $MJ

$SPY
still looks very bullish on weekly, i expect it to move to 400 early next week


$QQQ
#QQQ similar on weekly, if it dips anywhere close towards 320, buy weeklies and monthlies as its gonna go right back up, below this line though we'll see what happens


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small caps have absolutely been on fire #IWM since elections, do you think the run continues?


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ChartIQ charts on Kite web just got an upgrade with custom timeframe charts, new indicators, backtesting from charts, and much more.

Here’s how you can switch to the new version of ChartIQ: https://t.co/rhXrQ330G7

A thread on all the new features 👇


Custom timeframe charts

Charts with timeframes of 75 and 125 minutes were amongst the most popular feature requests. With the custom timeframe feature, you can now not only access 75 and 125-minute charts, but you can also do so for any timeframe of your choice.


Download historical data in CSV

You can now download chart data to Excel to run your own analyses.


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Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

• Making one master thread and will keep posting all my threads under this.

• Go through this for super learning/value totally free of cost! 😃

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Got these scanners from the following accounts:

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A lot of people don't understand that Trump & his incoming team didn't face a normal transition period, like it was over a in a matter of a few weeks or months.

The DOJ transition period JUST ENDED when Sessions left. Almost 2 exact years to get it there.

Pompeo at the CIA took over a year before he was done and ready to shift over to the State Department.

All kinds of stuff has been going on behind the scenes nobody leaks or talks about.

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