I have 80 percent of my net worth in zerodha and I agree with
@BandiShreyas
, this is another risk of putting all your money with a platform which breaks down regularly and is run 100 percent by two individuals who have lost focus on the business.
Folks, do consider this with
One of those days when you think about quitting. Need to relook the entire setup. Lost close to 7%. Don’t want to put a screenshot as looking at it again gives me a heartbreak ❤️🩹.
As I say , trading is all about mind and risk management. Now you all know, how difficult it is to practice and execute. Me after having years of experience and numerable trades and keeping calm , MOST , of the times, still fall for the rule breaking. There is no going away from
Lightning strikes twice. Again 2 year salary In a day . Trading is a J curve concept where you can make money and time of several years.keep believing .
Shorted Sensex majorly today .
I can do this Chhota profit virtually daily with monthly ROI at 5-6%. Only issue is I WANT MORE. Lesson in there for all. Tortoise and rabbit ki kahani yahan sabse jyada set hoti hai . Comments ?
Improving your trading : Follow simple rule.
Do not predict, always react.
Prediction gives so much dopamine hit and thus hard to go by, thus majority make losses.
React seeing the price movement. Trader has to be a price taker and not a price predictor
Understand this and
Zerodha Story : This is about today and have observed quite a few times. I was long MIDCP 10000 put and it open with some gap and I wanted to square up. Could not. In the morning when you put the orders , they just vanish. Neither in order history nor in the positions. You are
You can lose everything you ever worked for in ONE trade
Doesn’t matter how good your strategy is and how good your position sizing is
Failure to manage risk will be the one thing that will end your career
Don't take it easy 🙏
VERIFIED VERIFIED VERIFIED. Dedicated to all Byomkesh Bakshi’s. Sirs I don’t have time to edit pnls. Only purpose is to show - It is possible -
#VerifiedBySensibull
Many traders mistake option selling as a trading strategy. Trading is about having a view of the direction, risk control, position sizing. Option selling is just a tool. I use option buying, cash market to optimise on the returns.
Selling straddles and strangles is NOT a trading
Happy Independence Day in advance. May trading lead you to an independent and happy life 🇮🇳 .
Delta neutral with positive bias was the strategy for the day.
@BandiShreyas
@indiainpixels
70 percent of the front line soldiers on borders are provided by states north of that line which protects the whole of India
Fair?
Running a country is not a Tarazu game
New year resolution for option buyers and mistakes to avoid
1. Never bet more than 15% of capital on one trade
2. It is strict stop loss and momentum game and not a trade based on hope
3. Always go post breakout and breakdown of range for best results
4. Once in profit , do not
@PRAFULKULKARN18
Boss, person has been killed and lots of people has been bitten fatally. And you are putting the incident on - may be he himself has done something to the dog for it to react. That’s the problem with dog lovers, right here
Looking back at the day. I think I have become very detached from my trading results. Had a very bad day in terms of money but not in terms of phycology and emotions.
Hardly feel any stress and even when I make huge money, not too excited.
Robot jaisa feel hai .
May be that’s
PR Sundar is paying the price of being rich and showing his richness. There is something in the face about the show off, which he clearly enjoys and his critics detest.
Yes he is technically not in line with the law but that is the case with lots of others in the business
Rules of surviving in market. Follow this religiously.
Think in long term. Slow money is great money.
To make money , you need to survive. Market will be there till you are alive. You might not be alive financially if you take too much risk
#Vix
People will go to college for years to get a degree but expect to get rich trading overnight
And the payout for making trading happen is beyond what any degree can possibly give you
Put in the time & be patient
It's worth it
How scaling and phycology works: In March 2020, I lost 12 lacs in a month and thought that trading was over and was a big amount that time. Now I loose the same in a day, still that seems so small with NO impact on my sleep. This is also because I have scaled gradually and now I
All those people cursing the daily expires are just them who are unable to adapt.
Trading is zero sum game. People are still making money as earlier. They talking as if, profits have vanished, wrong, profits have vanished for THEM.
Don’t be disheartened, keep improving the money
Ok let's end all arguments
Take a look at decide for yourself, negative every year for F&O, only training income to be positive
Blacksheep everywhere
@Abhishekkar_
@BandiShreyas
@vivbajaj
I am certain of the fraud which Abhishek kar is. He is neither a trader nor a trainer. Some of the worst joker going around. I will also add 2 lac in above proposal plus even if he shows the pnl and if his pnl is higher than mine, I will donate 5 lacs further amount. This is open
@khanzubare
@dhruv_rathee
Total wheat and rice produced * MSP demanded is greater than 60% of India revenue expenditure. This is only two crops , leave aside others.
Since Mr Rathee is propagandist, facts or logic is very far in the video
One of the most satisfied days in trading journey. Started slow and was sure of direction. Very minimal adjustment. Just 5000 charges for 400000 shows how calm it was.
New year resolutions for option sellers from my own experience:
1. Focus on price action and try to build plan around directional trade. Delta neutral is passé
2. In low VIX environment , do not carry overnight positions as decay is very less anyways
3. Day trading is not
I find it amusing when people call selling far OTM options and continuously adjust to make 3-4% and call it running a “BUSINESS” to feel themselves doing some great work.
@BandiShreyas
One thing I have learnt, scared money can never make money in F&O. As I say often, check your relationship with money and past history, and you can figure out quickly. If this is for you or not
If cracked the code- trading is one of the most liberating skills one can have. It’s all in the mind- that is the best and worst part of it.
Think about it- you just need to control your mind and emotions and you can make money out of thin air
Do not Glamourize loosing the account / going bankrupt in the PROCESS / LAEARNING of trading. These are all stories fed to new people so that they keep getting new money in market.
Always keep your losses small. Give very less learning cost and if you are not making it , QUIT.