Tbh after all this years.
If you ask me how to make money in markets.
Its kinda simple component of few things. ( kinda alpha, but everyone knows it, yet unable to execute it ).
Thread, kyun ki i am vella.
Wow
@zerodhaonline
is really shitting the bed.
I dont even how, whats on the book right now.
How do i even close the position on other broker.
@Nithin0dha
This is absurd risk. I cannot even try closing positions here, as it might lead to bigger shits
Havent added trading cap in years, only withdrawals to diversify allocation
Built this office space last year and leased it out to a tech startup that does online sales of organic foods
Apart from cap appreciation, The rental yeild is 8%, and completely unrelated to markets
Today's report is about how much money was made or lost trading Non directional BN straddle.
I keep track of many strategies to get an idea of how the market is doing
I will try to share this information with you every day if not intraday then at least after the markets close.
Liquidity is increasing on Finnifty as we punt Expiry/0dte on it.
26th Jul traded 65 lac contracts.
19th Jul traded 62 lac,
12th Jul traded 44 lac,
5th Jul traded 32 lac,
28th Jun traded 23 lac.
Retail bhaiyo ki jai ho.
@SarangSood
@BandiShreyas
What's with this IIT, non IIT thing, the playing ground is neutral?
IITian just get a head start because of the hierarchical advantage they acquire early in life.
Post that i have seen jobless iitians, uneducated people hiring iitians.
The game is won by hustling.
Micheal burry shorts 1 billion$ of notional in puts. The whole finance community goes nerd..
Here, Chintu 21 years old with 9 years of exp. shorts that amount every 0dte, posting his detail verified by Abid.
Please, Burry needs to try harder.
I hate such day's, family came to my room to watch my screens like it's a T20 match.
And whenever this happens my profit dips into red.
I was up 0.5% instantly dipped to -0.2%.
The only good thing was, the algo was managing positions. So i didn't fuck up.
Anyone who lost/made money today.
It wasn't you or your voodoo but market.
Don't be too hard or elated of self.
Just a reminder that markets are tough to crack. Some of the brightest minds are competing here for small change.
Most success you see is just survivorship bias.
Sebi ki FY report ka to pata nai.
Fintwit FY report has arrived.
100% participants made money.
99% beat FD returns.
90% in top 1%.
GDP pata nai, but net Market returns been $5 trillion.
People who made money today on short gamma side are beings from different realm.
Would have needed some godlike execution and scalping skills. Looking at you
@PRAFULKULKARN18
Big negative day, and days like this keep reminding me that i cannot execute well under pressure.
Jio ne Logo ke hanth me internet pakadaya,
Bacha hua kaam
@BandiShreyas
ne logo ko Non directional trading sikha ke kar diya.
Ab pura desh. Tuesday and thursday ko sick leave leta hai.
Wanna survive in the trading business?
Never seek anyone else's financial performance, never broadcast your own.
You will take unwarranted decisions depending on how those make you feel, which has nothing to do with your performance.
Been there done that.
Once a discretionary trader gets a knack at it.
It would become impossible to go completely systematic too many inherent discretion points.
Though execution really needs to be automated else one will get become 80 at 40.
Zerodha not allowing people to sell more than 25 lots on midcpnifty, not letting people to sell market on SSO, nudging left, right and center asking you, that you know what you are doing right?
Zerodha is real Retail ka savior. Baki sab bana rahe hai, kya wo tum hi jano.
Yesterday was a good reminder of why selling OTMs in India is dumb.
Largest intraday loss of 2%. Sized like a degen on call ratio and called it quit at worst prices.
I have been all negative around trading lately.
So here is a positives of being trader.
If you really, really put the work in. I feels its is one of the most rewarding business to be in.
Also you could be totally socially awkward and still make it super large here.
@the_rich_trader
No, game.
In the game probabilities, there will always be a guy who converts 10k to 1cr in 9 months if the sample size is large enough.
This is noise.
I would be paying attention to Lindy people, who kept doing this for longer duration of time.
Most successful people i know, took large risks early on in their career, You don't get to the top tier from the safety net.
But the back story has a lot of survivorship bias.
Dont remember when was the last time i saw something like this.
Shreyas closed it at perfect moment. Call it luck, call it anticipation, call it RMS, but man used of his 9 lives today.
π
5 back to back, red days.
@BandiShreyas
@SarangSood
@PRAFULKULKARN18
Friends have been talking about it being such a stressful quarter.
I have traded 7 years now. I can concur.
But then its the risk we get paid for.
If you are doubting yourself, get back to first principles reasonings of what and why.
Its just "Variance in the long run."
What happening with Russian index should be a alarming for anyone.
Tails do happens, we might have no way to price them due to the occurrence size of them being so low, but they do happen and lot of you getting caught is sear luck.
No free lunch.
Nifty is a derivative of BN and BN is a derivative of BN options and BN option chain is a derivative of BN atms and BN atms is a derivative of 9:20.
In that way, everything can be explained through 9:20.
Empty gym + No music = β€οΈπ§
I hate it when gyms play loud music. I don't know if it's just me, but it's like meditating with loud ass music in your ears, it's awful!
Funny that i am still getting the Jargons argument.
Okay i will put a strong argument across.
If what i am using seemsJargon to you.
You are just too lazy to even read on your business. All you have learnt is from insta and youtube.
Anyone serious here at least knows 101.
Youβre not going to get rich renting out your time. You must own equity - a piece of a business - to gain ur financial freedom. Equity is wealth, capital money. Wealth is self generative, money deteriorative.
@naval
That's why i left the glamorous MNC job life. Still working on.
The important thing I figured out with trading and investing is that real money lies in identifying a market regime early in transition and shifting the weight on your strategies and folio allocation accordingly.
And what hinders one from it are his biases.
People raising 100's of cr to punt on tailed Intraday leveraged beta.
I wonder if people who finance those large AUM even understand the risks and even if they say the do, do they really?
This regime has literally tested everyone.
Other than 0dte ( leveraged to the balls, or leveraged in tails to the balls ).
I don't see anything making money.
Tough time.
Tell me about how it's going for you?
What's working, what's not?
The only purpose of life is to enjoy your existence, love your day, and make memories.
Everything is gonna go in a blink of an eye.
Make sure it was worth.
Most of my improvements in trading vol last year came from listening to these US vol guys and talking constantly to
@SarangSood
.
Two completely different approaches to the market, but applying them together.
Apart from that IRCTC fuck up, i really had an amazing run.
I see my parents enjoy their relationships with their friends, distant family, themselves so much these days.
Makes me think, i don't have many. Geting old will be lonely Af at this rate.
Religion was the worst invention of human civilization.
Kids who have not yet been sold the idea are dying, before they could even realise how beautiful life really is.
@saketh1998
15 years and more knowledge.
Its really hard to give up something after spending 15 years on it, its like admitting that you wasted 15 good years of life, takes good mental strength to do so.
I dont think, its the trade, but admitting defeat thats the issue here.
I have never been able to spend on luxuries, my mind just doesn't allow me to, irrespective of the fact that most of the things i consider are not much of a cost to my pocket.
- 99.99% of Fintwit knows nothing, if your ideal are punting, you will not be able to punt better than them. They are result of survivorship bias. You might not be.
( Fintwit ko ghanta kuch nai aata, inc. me, i bet if you hustle a bit, you can surpass most )
Most importantly treat trading as a business and you will be okay.
Bass abhi itna hi likh sakta hun. almost 12 and already 2 coffee in.
Will add more as my head clear.
There you go!
I tried my best, to make it simple, understandable for everyone while also trying to make it like a storyline where everyone can take few things home & probably can put into there trading.
@PRAFULKULKARN18
@TradeWithGroww_
How amazing is OPEX flows.
Even though the news on ADANI broke out 1 day before. People waited 1 day to completely hammer Adani and let the positions expire for Jan.
Days like this makes you fall in love with markets.
Riks management and psychology is the most abused set of words on Indian fintwit.
Ask them anything.
The answer is Riks management and psychology.
My bullshit meter goes through the roof when i read those words.
I can attest to that.
I ran behind money all my life not for money but for the zest to be perceived as a winner in life and then lost at a lot of places where i was already a massive winner.
Taught me a lot over the years.
@CANehaNiharika
I am sorry, but its one thing to make bad moves another thing to be stuck in that filter bubble.
I am sorry but you have no idea what you are doing, and doesnt seem like you are open to know the blind spot.
Hence the meme.
That feeling of getting old has really started to hit me hard.
From solo travelling euro to not even having the energy to head to Himachal.
Shit needs to be taken care of fast, else life is not gonna work out.
I openly say it and still do, fintwit became worse after
@BandiShreyas
decided it was worth sharing limelight to a bunch of people for taking down Kar.
That was absolutely not worth it but whatever.
Though i am completely out of the community, the tickle still passes down.
Today i am reminding myself that most people later in life realise they didn't really need as much as they think, to be happy.
Do what you wish to, be who you want to.
Time, age, energy lost won't come back.
A house full of love (relationships) is all that matters.
Finnifty expiry report about how much money was made or lost trading Non directional straddle.
Ended up with 12 points loss, could have been more or less.
But this highlights why you want to trail aggressively, and how theta isnt an edge but a payoff to being short gamma
Niece is watching the Harry Potter series and cannot stop telling me how much she hates Snape.
I almost cried. Snape is my favourite, he was the real hero of Harry Potter.
After all this time? "Always"