I stopped manual trading 10 days back and I have never been this Productive.
Manual trading is total time waste. Make a good team and automate everything possible.
I must be in top 10 users in Zerodha until 2022.
I shifted all my trades in 10 different brokers.
I m least bothered if any broker is down.
I did not complain I took action.
105 year old driver!
It’s so common to find people over the age of 90 doing normal jobs in Japan.
All the cleaners at my hotel is over the age of 90 and come in luxury cars.
#amazingjapan
if I will ever do a seminar to teach profitable systems that won't last more than 5 minutes.
4 minutes intro. 1-minute system sharing.
kaam ki baat ko samjhne mae ghante ya din nahi lagte..
#trading
#Desiquanttrading
This is stupidity.
I will Stay with my parents parents forever and will take care of them as they did when i was in nappy pants.
They deserve to play with their grand kids everyday.
If I were to do this all over again, or suggest it to someone else, here is what I would say:
1. Move out of your parents place as soon as you start earning.
You will be lucky if its the same city.
Fight for that, as much as you can.
Atomic Habits: This is the second-best book I read on habits. First one is the power of habits by Charles Duhigg.
In this thread, I will be sharing my thoughts on how can we apply the learnings from the book in our trading life.
(1/n)
It took me time to understand that it’s normal to be a morning person.
I have paid a big price to mingle with night life people in form a drug abuse.
I turn down 99.99% dinner proposals and go to 100% breakfast meet ups.
#5amclub
Been in the market for more than a decade but never invested a single penny till last month.
Started with one lakh per day SIP.
Now will invest at least 2 lakh every month till Dec 2023.
#investing
Before lockdown, I was the only trader in the family,
Everybody at home used to ask me bhai tere baal kaise sab safed ho gaye itni jaldi....
.
.
.
.
aaj sab trader hai meri family aur sab har weekend ek doosre ko dye lagate hai :)
Bring a change in people's life around if god is extra kind to you.
Here is what I did:
A few days back my Tower security guard asked me do I keep interns for the front end.
Mujhe samjha nai aaya because you don't expect such questions from a Security guard. Then I thought he
The hard, cold reality of
#trading
is that every trade has an uncertain outcome.
Before starting a day I tell myself ki Bhai loss ho skta hai .. aur 35-40% days hota hi hai tujhe... toh bisdas trade daal kar movie dekh.
#tradingpsychology
All my family members are expert traders now.
They will keep tracking MTM throughout the day in their accounts.
The moment I reach home from office they are ready with advice that when I should have booked the profit today.
#MTM
#analyist
Unsuccessful traders are obsessed with market analysis! They crave the sense of certainty that analysis appears to give them.
They are desperately trying to create certainty where it just doesn’t exist.” – Mark Douglas
Cycle of a Trader:
Newbee Trader: Every month paise double karne hai.
After 3 years: 10% a month is good enough.
After 5 years : 3-5% per month is a decent target.
After 8 years: 1-2% per month par jeewan acha kat jayege.
After 10 Years : Jo kama lia hai bus vo na jaye ..
We all start trading with the expectation of doubling capital every month and end up expecting only 1-2% a month.
Only a Few souls ever reach to 1-2% expectation category.
Trading is tough.
One Twitter friend watched my Webinar and started learning python on 26th April.
Few days back he sent me the jupyter code to test straddle and strangles.
Just amazing... wow....
he did not even take a month to learn. Moreover, he is from the non-coding background.
Before Algos and back-testing platforms, traders were losing money due to a lack of strategies. Now they are losing money due to excess strategies and data.
Don't hire your friends or relatives as your professional consultant.
Firing them is not easy.
fed up with my CA missing all the deadlines for stupid reasons.
First you learn the Technical analysis, then you learn the Fundamentals, then you learn the quants, finally you forget all that s**t and just trade!
#Nirwana
Quality of a successful trading scheme in BankNifty:
1. Backtested (live tested)
2. simple to execute
3. your 5-year-old child can understand in a minute
4. hard to believe that this can make money ;)
#quanttrading
#desiquantTrader
Earnings season is about to start. let's understand earnings trade and 3 mistakes to be avoided as a buyer.
I will be sharing much more in upcoming videos. Let me know if you want me to cover any specific aspect of earnings trade.
#earningstrade
Traders posting thier ROI for mass approval are fighting with thier insecurities.
People truly at the top of thier game are least bothered by society's approval because they know they are the best.
I am doing trend following from almost a year now but I never read a single book on Trend following until last week.
Whatever fundas or systems I m using all are mentioned in this book.
(1/n)
Don't trust anybody who is selling anything in the stock market.
Trading is such a rewarding business that If you are successful as a trader you are least bothered about any other income.
#trading
All trainers on twitter are like :
if A happens then B may happen provided C is above D and E is at golden level.
Ab followers kuch bhi kare he has put enough subjectivity in this statement that trainer will end up in profit only ;)
#trading
I get lots of queries on how to select Scrips for options trading. Tail events can be ignored to some great extent with this one simple tip. check out this video for details and share your views! 🏋️♂️
On my way up, I helped so many friends to stand on their feet.
This going to act as my hedge if any black swan comes in my life.
Help your friends in your golden years!
#RiskManagement
One thing I miss after leaving a job is my daily 3 hours driving. My car was a university on Wheels. The best audiobook I heard is Geeta by Osho. Before reading any book i would suggest traders to go through Geeta first.
Leaving your country after you start earning good is just like leaving your parents once you no longer need them.
I can not go to the border to fight for my country the least I can do is to pay my taxes.
I ask myself agar mae iraq mae paida hota toh shayad successful trader na
What happens when you get earn upwards of 75-80 lakhs per annum?
You leave India. Or you try to leave India. Not because you are any less patriotic but because it makes more sense to leave than stay. Hear me out.
I know about 20 people who have left India in last 1 decade.
Key points discussed in yesterday meet up!
1. Idea generation has the least to do with the final outcome of the trade.
2. Trade management is an Art which can only be learned through experience
(1/n)
The moment you detach your self from Red or Green MTM, You open the gate to become a truly consistent profitable trader.
#Desiquanttrader
#tradingpsychology
I m done with books on options for at least 6 months. I read more then a dozen books on derivatives last year. Time to explore new things. Starting this book today. Will try to share my leanings! Thanks
@gauravgsgs
for recommendation🏋️♀️
Blackrose Technologies and Greenwolf Capital present BLACKWOLF - an initiative to design, discuss, and showcase the power of quantitative options trading systems.
This is the pinnacle in mid-frequency quantitative options trading.
Join the channel:
Whenever your stop loss is just hit and market reverse. You can think of two new ideas:
1. lets increase stop loss by few % to ignore such days
2. Re enter with same stop loss
Dono options bhoot khatarnak hai!
#Mindovermarket
Had 9 hours long discussion on
- bank nifty Monthly income strategies
- scrip selection for volatility trading
- opportunities in currency 💴
Etc etc.
#greenwolfmeetups