If on any single day you see Nifty closing below 16750, Exit All your Portfolio and sit on 100% cash, you would get good prices around 14000 Nifty to Invest.
This view is for next 6 months.
Nifty made temporary Top in February 4/4 Years since 2020. Will history repeat?
14 Feb 20 High : 12246
24 Mar 20 Low : 7511
16 Feb 21 High : 15431
22 Apr 21 Low : 14151
16 Feb 22 High : 17490
08 Mar 22 Low : 15671
16 Feb 23 High : 18134
20 Mar 23 Low : 16828
23 Feb 24 High :
I was motivated from
@pawanaroraleo
s tweets that money can be made by options buying with proper position sizing.
I started working rigorously on it in 2021, developed scalable system by Sep end & returns from 1st Oct 2021 till date are 65%.
NISM exams are like cakewalk for Full Time Traders.
2 hrs exam finished in 1 without studying.
But I must say that NISM has improved their course structure greeks, options strategies were asked.
A Famous Pani Puri Wala in our City is planning to get listed and bring IPO of 5000 Crores.
His Green Chutney is very famous. His company name is PP Green Water Balls Ltd, expected to get 50 times over subscribed.
There’s no overnight Success in Trading. It takes Years to crack it.
I have been trading options for 7+ Years and always tried to keep things simple.
Whatever little I know I have shared in the video below, those messaging to learn trading can watch
15 Lacs Profit Booked ✅
Trailing SL hit, done for the day.
All Positions in video below
Last 3-4 weeks had been best days of my trading career, time to take some break.
Next 2 weeks could be last chance to exit your longs. I don't think that bottom is done.
In 2021, we topped out on 8th April and fell 7%
In 2022, we topped out on 4th April and fell 13%
I will be looking for bullish set up above 17200 for intraday only.
@tradingview
&
@OiPulse
is all I need.
Almost done for the day. Booked loss in overnight shorts in the morning, waited for next signal, covered that loss in intraday and ending with Green.
Planning Traders Meet up in Gurgaon on 25th March 6:00 PM & in Delhi on 27th March 6:00 PM
I’d request Full Time Traders (whom I haven’t met) who would like to meet to please Dm. I’d be glad to host you.
I’ve booked meeting room in Co Working & no charges for the event.
Feeling bad for those who lost major chunk of capital today in Midcap PE spikes. I don’t trade Midcap, Bankex, Sensex, even though I can trade with lesser allocation but it takes away attention from Nifty/Bnf which is our bread and butter.
Please stay away from these new
Knowing strategies on Youtube won’t make you rich, you need Execution Power & Risk Management.
Those who can’t make a penny themselves think no one can make it. I am doing options from 7 Years and more than 50% of the twitter traders won’t even had demat then.
Goodbye Twitter
I was heavily short in Nifty, was in good profit during the day, in 2nd half took small SL & exited seeing Price Action. Daily close wasn’t good for bears, so didn’t carry & now Sgx down 170 pts 🙈
17166 k niche bears ka time aayega. 16300 should be tested in October.
If any profit screenshot motivates you, please understand that there’s no overnight success. It’s hustle of 8 years & if you are willing to put hard work, there’s no one who can stop you from achieving success
Dont trade big quantities, without proper knowledge & risk management
16 FEBRUARY : Important Topping Out Day
How it worked in last 4 Years in Nifty
14 Feb 20 High : 12246 (16 Feb was Sun)
24 Mar 20 Low : 7511
16 Feb 21 High : 15431
22 Apr 21 Low : 14151
16 Feb 22 High : 17490
08 Mar 22 Low : 15671
16 Feb 23 High : 18134
Next Swing Low : ?????
Trading is like a Train Journey.
At Mumbai, everyone will say it’s going to Goa & it will go opposite direction to Delhi.
You have to catch the moving Train & get out from Moving Train.
Most of times, you will not be able to travel whole Journey & that’s what Trading is !
Just watched the Netflix series on The Game Stop (GME) Saga. One of the biggest Short Squeeze which resulted in 20 Billion $ Loss to Hedge Funds.
Some Key takeaways in 🧵 below
Sensex options shouldn’t be traded, either you won’t get entry or you won’t get exit. It went from 85 to 110 in 3 minutes
@BSEIndia
Please stop F&O segment if you can’t handle volumes.