Madhujeet @Gnidartmetsys Twitter profile

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Madhujeet

3 years

Compilation of all my tweets, if you wanna attain financial freedom via becoming an successful system trader than this bunch is for you.

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Madhujeet

@Gnidartmetsys

2 years

@ProfFeynman Not true entirely. There are people who understand things but they are not good at explaining things.

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Madhujeet

@Gnidartmetsys

3 years

@PRSundar64

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Madhujeet

@Gnidartmetsys

3 years

Here are some pointers for one who wants to or are in process of being a system trader. This are my personal experiences after one year of successful system trading when I had started my journey as a system trader 4 years back.

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Madhujeet

@Gnidartmetsys

3 years

Process for building a trading system from scratch. @madan_kumar

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Madhujeet

@Gnidartmetsys

2 years

@BandiShreyas If you can keep money in trading account and still just watch markets 9.15 to 3.30 everyday and just study them without taking a single trade for 3 months then you will shorten your learning curve massively.

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Madhujeet

@Gnidartmetsys

1 year

@anandmahindra The thing is, can one really think differently with the motive of getting noticed? On the contrary, I think it happens when their is no motive and pure awareness persists.

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Madhujeet

@Gnidartmetsys

3 years

@vishalmehta29 @MayurRa92953193 @howutrade @ramvarman Yes @howutrade is the best to do it, I am using it since last 1.5 years and not a single issue till date. Their F20 excel with AWS combo works awesome.

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Madhujeet

@Gnidartmetsys

2 years

@madan_kumar 0 for last 5 years. I think if a person is able to do this for one year he will not do it henceforth. It's like programming your brain with this rules,once you get habitual there's no looking back. Trdrs need to just mk sure thy follow it rigorously kinda war like frnt fr a yr

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Madhujeet

@Gnidartmetsys

3 years

@kirubaakaran Wonderful man. I was wondering for months that none of them out there is speaking about curve fitting , especially post pandemic and margin increment when stockmock came into light. You are bang on target, every point makes perfect sense. Awesome 👌 thread.

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Madhujeet

@Gnidartmetsys

2 years

@vishalmehta29 @howutrade @ramvarman Very true, using it for 2+ years now. Not a single bug till date. 100% efficient and hassle free execution.

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Madhujeet

@Gnidartmetsys

3 years

8/n. So the terminologies, gud trde and bad trde also get flipped. A good trde for me is the one which is followd as per plan (dsnt matr if it is a 300 pt loss trade.).A bad trade for me is any trde which is nt takn as per rules of system(dsnt matr if it’s a 500 pts profit trade)

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Madhujeet

@Gnidartmetsys

3 years

7/n. A 500pt profit trd or a 200pt loss by gap down agnst your position trade or one going in your dirctn for 350pt and then cmng back and getng your initial SL,all of them are same as they all have cme thru a gud thought process and same pipeline of following system as per plan

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar "Which is more important - being happy or being right?"The answr to this is gona be we want to be happy by bng right every single time. Craving for happiness by being always right is the biggest spoiler of life itself, egoity has been , is and will be always the summit to conquer

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Madhujeet

@Gnidartmetsys

3 years

Awesome !!!, a priceless thread with info which no one talks about. Pick this opportunity of reading it multiple times to shorten your learning curve massively.

Madan

@madan_kumar

3 years

When i was in the states, i had attended few courses and one of the greatest learnings for me in money mgmt(MM) came from Van Tharp's course. Tharp always let the participants play this marble game that has a winrate of 60% and expectancy of 0.2 1/n

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Madhujeet

@Gnidartmetsys

1 year

@JayneshKasliwal Once your goal is set, there is a defined process to follow to reach there, and hence, for that stipulated time period you should only focus on the process, and at the end of the period, you will have your results.

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Madhujeet

@Gnidartmetsys

2 years

@BandiShreyas It says safe strategy and then it also says max loss unlimited. Wow and woa togather 😃

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Madhujeet

@Gnidartmetsys

3 years

@GurleenKaur_19

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Madhujeet

@Gnidartmetsys

7 months

@madan_kumar People don't understand that something has never happened that doesn't mean it will never happen..It never happens until it happens 😊

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar This are the folks who don't have problem actually with what you do but your trading success haunts them day and night and only guts they have is to shit on SM as where else do they remove there frustration of losses, its a vent out place for them, just feel pity for this folks.

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Madhujeet

@Gnidartmetsys

2 years

@ramvarman Awesome way to do...with this type of discipline I am sure you people are gonna go miles from here.

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Madhujeet

@Gnidartmetsys

3 years

@AnandableAnand One Imp point is accuracy over how many trades bcoz the losses as per Monte Carlo simulations with respect to win rate is from data for 5000 trades, so one needs atleast 1000 trades to tell the accuracy.

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Madhujeet

@Gnidartmetsys

3 years

1/n. 1. We need to love our system from deepest point of our heart and treat it as our lifeline, this can happen only when we build a system with such rules that suits our temperament.

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Madhujeet

@Gnidartmetsys

2 years

@SarangSood Scale account to 5 crores from 25L purely by compounding , no funds added on the way.

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Madhujeet

@Gnidartmetsys

2 years

@TraderLogical @madan_kumar People are like awestruck this guy making 50L in a single trade and he has some secret strategy, they miss the point that the trade is a bi- product of process of hardwork, discipline and learning @madan_kumar had to go through for last almost 15 years.

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Madhujeet

@Gnidartmetsys

3 years

@SarangSood This is often the case with system traders wherein people end up curvefitting under the name of optimization,due to this backtest stats show reduced risk and increased gains,but as soon as market cycle shifts in live trdng they face heavy DD as markets expose the curve fitng risk

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Madhujeet

@Gnidartmetsys

3 years

4/n. When it comes to system trading, it was always all about process goals, it is and it will be forever, it’s point blank.... no 2nd thoughts.

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar Practicing moment to moment awareness with a strong internal quest will get this job done.

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Madhujeet

@Gnidartmetsys

3 years

@MayurRa92953193 @vishalmehta29 One option is to trade options based on underlying so that you get out of options only when futures SL gets hit but than you need to trade options through futures via automation.

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Madhujeet

@Gnidartmetsys

3 years

@GauravSitlani_ @ProdigalTrader Jumping is one issue, another problem is in name of optimization people curve fit the system using coded backtests only to see market expose their curve fitting and real time results are drastically different, this again leads to continuous holy grail search.

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar It's been7 years m into trading and he is the only genuine trader I know of especially when it comes to converting small lakh accnt into multi crore one systematically, he is just an master of compounding.

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Madhujeet

@Gnidartmetsys

3 years

@rishabhkhatri_ Very true, perphaps he is one of the very few guys out there from whom you will learn how to fish instead of getting fish itself.

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Madhujeet

@Gnidartmetsys

3 years

3/n. Solution is simple, every such thought related to trading needs to be countered by asking only one simple question and that is, Is it as per my written trading plan, go ahead only if the answer is yes.

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Madhujeet

@Gnidartmetsys

3 years

Madhujeet

@Gnidartmetsys

3 years

Here are some pointers for one who wants to or are in process of being a system trader. This are my personal experiences after one year of successful system trading when I had started my journey as a system trader 4 years back.

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Madhujeet

@Gnidartmetsys

2 years

@JayneshKasliwal Will run one strategy and scale the account. The more strategies we use we might get better stats but we lose on compounding.

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Madhujeet

@Gnidartmetsys

3 years

@indian_quant True that. Bactesting is only for validating an idea and it cannot guarantee that it will work the same in future.

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Madhujeet

@Gnidartmetsys

2 years

@Pugalenthi341 Got ur point, but their are traders who are trading system with same rules for years ,infact I know some of them who are almost doing it just over a decade..pure system traders. If ur logic is sound and if it's in sync with basic market structure..long way to go.

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Madhujeet

@Gnidartmetsys

2 years

@NavalismHQ @naval It buys illusion that you are free.

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Madhujeet

@Gnidartmetsys

3 years

Madhujeet

@Gnidartmetsys

3 years

Process for building a trading system from scratch. @madan_kumar

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Madhujeet

@Gnidartmetsys

3 years

@yogeshnanda1 Very true, only solution to it is sticking to plan, with every equity high post drawdown the conviction in system gets strengthened. I believe if one can sustain and still stick to rules for 5 to 6 cycles then it will lot more easier after that.

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Madhujeet

@Gnidartmetsys

2 years

@GoldenDustbin Only way is changing position size. Trading option sell double qty on Wed and thurs and option buy double qty on Fri and Mon will serve the purpose assuming option behave the same way the way they behaved in past.

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Madhujeet

@Gnidartmetsys

3 years

7/n At this point of time you will have a full backtested system and morever you will have good amount of data with you.

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Madhujeet

@Gnidartmetsys

3 years

2/n. 1/n observe intraday charts on 5 mins tf for around 3-6 months multiple times. Right down observations about what has happened every day.

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Madhujeet

@Gnidartmetsys

3 years

@ValaAfshar Ramanmaharshi said either there is peace or their is mind. Both cannot exist togather.

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Madhujeet

@Gnidartmetsys

2 years

Based on some simple stuff did some testing on bnf 2 lots. No optimization at all. Same parameters on all days from Monday to Friday. Exit is always initial stop or 3.15. No trailing used. Simplicity works like charm. @stockmock_in @kirubaakaran

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Madhujeet

@Gnidartmetsys

1 year

@BandiShreyas Whenever one sees such stats it's good to think it's 1st April and move on. 😀

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Madhujeet

@Gnidartmetsys

3 years

@PRSundar64 Backtesting is just to validate an idea, same like learning to drive in driving school, there is no guarantee but you just have odds in your favour.

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Madhujeet

@Gnidartmetsys

2 years

@kirubaakaran @madan_kumar @Nithin0dha I had went through the thread and comments couple of times so I dont miss any smallest info. This was the reason I even put my first trade from zerodha also as a system trader.

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Madhujeet

@Gnidartmetsys

3 years

10/n If you go through this process , I am sure you will build a profitable system on your own from scratch. Best luck for those who are willing to do it. You can ask doubts if any.

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar The only reason which I think is most important is so that we can scale in size and compound our capital as much as possible fearlessly.

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Madhujeet

@Gnidartmetsys

3 years

@bhatiamanu Ninja trader with true data

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Madhujeet

@Gnidartmetsys

1 year

@TraderLogical True that, but spending money when trading is the only income has some other level of satisfaction. It feels awesome once you sustain as a full-time trader, and it's the only source of income.

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Madhujeet

@Gnidartmetsys

2 years

@BandiShreyas Majority of active traders have lesser capital , for eg. Zerodha has major population with 2L capital. This people are gonna always buy options at any point of time. Greed will pull all this to only buy looking at thereotical Roi and even the capital is gonna say same.

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Madhujeet

@Gnidartmetsys

3 years

@dmuthuk The purpose of backtest is to validate an idea statistically, it has nothing to do with emotions, psychology and emotions are completely different part which should be taken care of differently.

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Madhujeet

@Gnidartmetsys

3 years

@kirubaakaran Why not add just when strategy and funds both are ready, this options when to add are more of psychological swings. Isn't it better to just start and keep doing. Whatever we do will avg. out in long run and after 5 years the start point wont even matter.

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Madhujeet

@Gnidartmetsys

2 years

@Mohitsharma202 Lot of folks feel multiple strategies will give lesser dd as in hindsight expectancy keeps incresing along with increasing basket strategies. But it get more complex to analyze what can be future results. Also biggest hurdle is scalability. One can go to 1cr with one strategy

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Madhujeet

@Gnidartmetsys

2 years

@naval Because there is your-ego-self there is thinking in first place.

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Madhujeet

@Gnidartmetsys

3 years

5/n. Once we start following system after 6 months of time it really stops bothering us if we have a negative month or quarter, as what we get in points term is decided by Mr markets and is none of our business.Which means only and only follow system rigorously.

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Madhujeet

@Gnidartmetsys

2 years

@PRAFULKULKARN18 Absolutely right. Have a question, you run algo and than you sometime use discretion over the algo. Since you started doing this how much percent you make more over the algo on an avg. monthly using discretion.

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Madhujeet

@Gnidartmetsys

2 years

@kirubaakaran We feel like money will solve all problems only till we don't have it. Once we have it ..more or less we still have unsolved problems.

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Madhujeet

@Gnidartmetsys

2 years

@gurjasraj You need to check max possible dd as per win% and max losses in a row as per avg loss( Monte Carlo).

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar 1/n . Guys make hay while the sun shines, Madan's is an unique webinar and don't miss it at any cost,you wnt get to lrn wht he will preach anywr else.

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Madhujeet

@Gnidartmetsys

3 years

@sid_nair03 @SarangSood @pawanaroraleo Yes you shud be with the strtgy but provided your strtgyy has +ve expectancy and it is not curve fitted, crve fitng cnt be quantified.Only exprncd traders wl hv an idea whthr a systm is curve fitted or nt, for tht purpose u need a exprncd trader to hlp u out while making a system

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Madhujeet

@Gnidartmetsys

2 years

@kartheek_bv Use future to options excel tool made by @howutrade .

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Madhujeet

@Gnidartmetsys

2 years

@PranjalKamra Money can give happiness only to those who don't have money.

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Madhujeet

@Gnidartmetsys

2 years

@vihan13singh Always anxious in front of screen and having fomo on every move.

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Madhujeet

@Gnidartmetsys

3 years

@RetailTrader2 @AmitJai86688709 @kirubaakaran @yashstocks @TraderLogical @SarangSood Welcome

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Madhujeet

@Gnidartmetsys

3 years

3/n. 3/n Now increase the data length. choose a quarter from every year for last 10-12 years and repeat point one multiple times. Please see to it that you do all this manually bar by bar.

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Madhujeet

@Gnidartmetsys

2 years

@kunal_param @BandiShreyas Main thing is to be emotionally calm in front of markets. If one can master that rest will come with practice.

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Madhujeet

@Gnidartmetsys

2 years

@Doctorwhotrade

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Madhujeet

@Gnidartmetsys

2 years

@JayneshKasliwal If your purpose is only trade fix capital than diversification will help you to reduce dd but if you want to scale account than diversifying on small account will be of no use.

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Madhujeet

@Gnidartmetsys

2 years

@Doctorwhotrade Can you share the details plz?

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Madhujeet

@Gnidartmetsys

3 years

6/n.Once we get going with following our plan than comes the magic as our brain gets automated and self-programmed to system following and market uncertainty. This is the point after which it stops mattering completely.

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Madhujeet

@Gnidartmetsys

3 years

5/n Take simple set of rules and backtest it for 1 quarter per year for 10-12 years.

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Madhujeet

@Gnidartmetsys

3 years

@pawannthakur You can use straddle strangle coded excel by

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Madhujeet

@Gnidartmetsys

2 years

@NavalismHQ @naval If you can't be happy with what is than you can never be happy with what you expect should be.

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Madhujeet

@Gnidartmetsys

3 years

@ProdigalTrader @kirubaakaran Exactly true.

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Madhujeet

@Gnidartmetsys

1 month

@madan_kumar Nice one 😊👍

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Madhujeet

@Gnidartmetsys

1 year

@StraddleOption Lessons breakthrough strength.

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Madhujeet

@Gnidartmetsys

2 years

@AlgoTest_in Any plans to bring I the range breakout feature??

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Madhujeet

@Gnidartmetsys

3 years

@TraderLogical Very true,this is the reason I have real respect for only one and one genuine system trader @madan_kumar that I know of as I personally know that he has scaled from few lacs to crores in positional trading and now he is again doing the same in intraday that too on SM.Hats off ☺

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Madhujeet

@Gnidartmetsys

2 years

@vishnuv77345633 @stockmock_in @kirubaakaran It's 2 bnf strangles with individual leg sl , entry before 11 and exit at 3.15.

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Madhujeet

@Gnidartmetsys

2 months

@madan_kumar For most of them, happiness comes from being right. 😊

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Madhujeet

@Gnidartmetsys

3 years

2/n. As our mind always move in polarities, we will get lot of irrational thoughts while taking trades initially.

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Madhujeet

@Gnidartmetsys

2 years

@KillerTrader_ Taking an account from 25 lacs to 5 crores only by scaling up, without adding any capital in between.

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Madhujeet

@Gnidartmetsys

2 years

@Ankit_Quant Inquisitiveness and willingness will do the job. One can be just open enough for learning. Don't have to be dumb right?

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Madhujeet

@Gnidartmetsys

2 years

@BandiShreyas They won't survive long term but, couple of bad months will keep only the persistent ones, like 2022 has already thrown so many sellers out.

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Madhujeet

@Gnidartmetsys

10 months

@Pugalenthi341 Go for , one of its kind and best in class.

Howutrade - We Code For You

We provide technology support for Traders and Investors. We develop software to connect Trading API of Zerodha, Upstox, Aliceblue and Fyers.

howutrade.in

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Madhujeet

@Gnidartmetsys

2 years

@Pugalenthi341 Perfectly said.

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Madhujeet

@Gnidartmetsys

3 years

@ProdigalTrader It's so simple actually to build trading around point no. 1and follow it, most of them do a mistake when they plan for 1. But try to move to 2. After trade goes against and then when it moves more against ,they want 3. for rescue only to lose the max.

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Madhujeet

@Gnidartmetsys

3 years

@madan_kumar Awesome !!!

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Madhujeet

@Gnidartmetsys

2 years

@Theoptionselle1 Make a 100% objective system with definitive rules, get it coded ..deploy it and check results only after a full quarter.Make up ur mind to follow it for 3 months. Watsoever happens complete the process for a quarter.If you can do this for 3 to 4 times.U will nve look back again.

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Madhujeet

@Gnidartmetsys

2 years

@theBuoyantMan Good man, have been trading something similar from last 5 months with my full lot size after thorough backtest and as usual simplicity works best and my results are inline with BT. This will definitely work.

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Madhujeet

@Gnidartmetsys

3 years

@prathgodbole @Beyond_Gudness True but it's worth it still as it will mimic futures and only other option is long options or short options individually ..but it will come with it's own complexities.

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Madhujeet

@Gnidartmetsys

3 years

@GordunGekko Go with current week 1 strike itm in nifty and 3 strikes itm in bnf. You can scale up to big size. Only thing is you need law of large no.s to unroll to cover ur decay by big trades, if you can stick to it, it is the way to go.

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Madhujeet

@Gnidartmetsys

2 years

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Madhujeet

@Gnidartmetsys

2 years

@BandiShreyas @Logical_Trader3

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Madhujeet

@Gnidartmetsys

3 years

@SarangSood Fear causes hesitation, and hesitation will cause your worst fears to come true.

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Madhujeet

@Gnidartmetsys

3 years

@RetailTrader2 @AmitJai86688709 @kirubaakaran @yashstocks @TraderLogical @SarangSood

Alok Dharia

@alok_dharia

4 years

I cant believe how many times we have the same discussion on options pricing on what to use as the underlying. Here is a final summary. Dont ask again 1. Options always priced on futures 2. If you use spot then u need to use the appropriate interest rates to

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Madhujeet

@Gnidartmetsys

2 years

@warikoo Desire is the memory of pleasure and fear is the memory of pain. Both make the mind restless - Nisargadatta Maharaj

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