4.5L+ for the day.
My biggest intraday profit till date. I just can't believe myself as my 1st job package wasn't even close to it. Thanks to the markets. Just sharing my joy, that's it. ๐
Good Morning!
Just crawled out of the bed to make a cup of coffee.
Weather in Bangalore is pleasing. Windy & Cold!
Have a great trading week ahead everyone :)
Why don't Indian Retail Traders form an Union or Organisation to represent the retail trading community and air concerns or queries of retail traders to SEBI ? Full time retail traders make a living out of Equity Markets and I believe we need an Union to protect our interest.
Two penny option sellers from Chennai are openly exposed through their tax filing data from MCA website. One reported net FnO loss for FY20 and the other reported 85k profit for FY20. Wow! ๐ They are cheaters and scamsters in whatever way you think. God bless their students .
Funniest trend in twitter today๐
BHEL is at 15 year low as Millennials prefer panipuri
The property market is down because millennials have started 'live-in' relationships
Fall in agricultural sector because millennials prefer pizza instead of daal roti,
#BoycottMillennials
I QUIT. The job which I landed after graduation and the job which provided me and paid my bills for 8 years. Took this decision 2 months back and resigned my job and am in final weeks of the notice period. Am I qualified / ready to be a Full Time Trader ? Don't know yet! 1/n
In U.S, retail traders fought against Hedge funds and brought them to their knees. We just need that unity. Raise your voice against
#SEBI
. We don't need insane leverage, just Intraday 3X-4X MIS leverage. We should not let the Indian trading ecosystem change to favor big fishes.
PR Sundar and Jegan. What a shame. Either u guys are lying about your income to Income Tax Department or you are just an another scamster living off YouTube and seminar income.
@itjegan
@prsundar64
Every trading morning @ 8:58 am before preopen, I do the following
1. Count cash in my wallet to feel real money
2. Remind myself not to give back weeks/months profit in a day
3. Remind myself to bite my tongue and shut trading terminal if my loss for the day hits 2% on Capital
Added the last monitor(27") on right top to my trading workstation yesterday. It is an absolute need for a discretionary trader who tracks multiple instruments. It increases my winrate as I will be trading the instruments which shows my setups.
I call this Bird's Eye View.
Many are ready to pay 30k, 40k, 50k for a day's seminar but not willing to buy good books costing 500,1000,1500 RS to learn trading and spend time with charts. No one is going to make us rich. It is something we have to work on it ourselves.
~My hangover morning motivation :D
Being a full time trader with no other source of income, I like getting paycheck everyday or every week. It feels so nice to be rewarded after spending early morning hours sifting through tons of charts and data to find the trades.
In short, I am Living My 5 Year Old Dream. ๐
Marking my 1'st Full Time Trading Anniversary. When I look back on that day when I finally took the first step, it was filled with mysteries & questions. Now when I think about it, the journey is an never ending adventure of my dream come true! A Risk worth it! Delighted โบ๏ธ
I QUIT. The job which I landed after graduation and the job which provided me and paid my bills for 8 years. Took this decision 2 months back and resigned my job and am in final weeks of the notice period. Am I qualified / ready to be a Full Time Trader ? Don't know yet! 1/n
Ease of doing business in India. Intraday trading is my business and I strive everyday to be in top 5%. But the exchanges, regulators and govt. are hell bent to throw multiple obstacles on the way. No wonder many businessmen leave India for good.
When I learnt RSI indicaror from YouTube, I called 10 of my colleagues and shared the RSI strategy to buy at 20 and sell at 80 so that we become rich through trading. Next day, Nifty was downtrending, and all we did was buy Calls at every RSI 20. We were underwater 100 points
As a trader I get these thoughts every now and then during trading hours.
-My career in trading is over when it hits my Stop Loss.
-I suck at trading.
-What am I doing with my life.
-Do I have a life.
And then when I have a green day/week, everything is back to normal
#vicious
30k followers day. Thank you all! Want to share something on this day to traders who are determined to become Profitable Full Time Traders one day. Hope this will shorten your learning curve and put you on the right track towards profitable trading.
Huge Gaps on any instrument will test the 1st 10 min & 1st 30 min High/Low. If they breach, the trend resumes and picks up steam, if not, the trade opens on the other side. But traders are impatient and pre-empt the trade before the market shows its hand.
Been active on Twitter since 2017 and posted my wins/losses. I distinctly remember the initial period in my trading days where even 500-700 RS a day made me happy. The happiness is the same now, to make money to live the life you wanted.
But please don't think trading is easy๐
Winning Streak - Day 10 ( Small Account )
I will always accept what the market has to offer and I will take it humbly.
There were lot of opportunities today but I just slipped too soon and did not feel like chasing it. So here it is my Day 10 winning streak.
Traders attending seminars /workshops paying 30-50k
If even 20 traders turn up, the trainer makes 6-10L a day.
There is no profession in the world which pays someone so high to speak on stage for a day.
Except for Actors or Performers or Charlatans.Which one is your trainer?๐
-2.4 L loss day.
Did I do anything wrong ? Absolutely not. Just following the process. If a trader wants to see big profit figures, must be ready and able to digest big loss figures as well. Weekend is almost here, have a good one all.
No Intraday Leverage - SEBI Circular (If Implemented)
Impact Analysis.
1. Intraday Option Selling/Expiry Trading honey moon period may be over.
2. Weekly Options craze may come to an end.
3. Big Fat MTM screenshots post expiry may be the thing of the past.
1/
3L+ for the day.
Torrent Pharma is the 3rd Trade of the month which caught the upper circuit move after Wipro & Infosys. As a directional trader, these are the trades which makes the month and pushes equity curve high. Also short on Motabhai today๐
Peak Margin dried out liquidity in Stocks. If a Fund Manager or a HNI investor want to offload stocks which has given good returns, the stock orderbook / tape wont be able to absorb it. A small sell off can create an avalanche.
IRCTC down๐ป30% in 2 trading sessions.
Ban on Fireworks just a week before Diwali. Did SC think about livelihoods of millions of people & industries in Sivakasi. Why was this decisions not taken months before Diwali. Who is going to pay for their loss due to decisions at the last moment.
#sivakasi
#fireworks
Option buying is about timing the market
Option selling is about time in the market.
As an option seller, adjustments buy you extra time, the time which makes your positions or destroys your positions completely.
Today I will share a simple Intraday Trend Following Trading Strategy. I call it simple because it does not need any premarket efforts to analyze tons of charts. Your work basically starts at 9am. I call this Order Flow Momentum Strategy. 1/n
An average gym goer doesn't try to deadlift 400 pounds after looking at a professional body builder deadlifting 400 pounds. But an average twitter trader tries to trade like a professional trader after looking at their MTM.
Only lift what your body can handle.
#trading
2L+ for the day.
Entry is overrated. Running the winners without emotions is where money is made and that is the biggest edge a trader can have. Still long on Ashok Leyland after 10% intraday circuit. It breaks the circuit again. Hope it runs to 15% ๐
When people say they love their Country, I ask what exactly they love about their country ?
Food? Weather? People? Livability? Quality Of Life? Language? Religion? Travel? Cities? Government? Bureaucracy? Taxes? Crime rate? Laws? Justice?...
I only hear a moment of silence.
Cannot ask a better trend day like today. Nifty moved down 223 points from day's high. Caught a very big move intraday with 40 lots of 10900 PE bought in the morning. It is my first ever 6 figure profit day. A year back I was trading for Rs 500 to 600 a day. Have come so far :)
If the FM is unable to find more ways to Tax people,I suggest them Population Tax. Any family having a 3rd child will have higher tax imposed on them. Could be doable through Aadhar. Overpopulation is a big concern for a growing economy. Modi can pull this along with other stunts
13 day winning streak
1.4L+ for the day. Took home yesterday's Nifty Short Positions. Took short in the weakest of the Banking stock for the day which is RBL Bank. Reduced 3/4 of the stock position. Now heading out to get supplies before lockdown in Bangalore ๐
Me - "Tax farmers whose income is above a decent income threshold."
Some - "Farming is very difficult. Do farming and see the pain, then you will understand."
Me - "I trade Bank Nifty. Hold my straddle" ๐
Being an intraday trader, when I finish trading, I walk out with the game, not worrying missing out plenty others as some game are fat enough to feed for a month. This is one such month.
#VIX
Last 6 trading days till today ๐ป
+1.05 L
+20.4 k
+39.4 k
+18.4 k
+24.3 k
+32.8 k
We spend 15+ years in Schools & Colleges paying for education in hopes of a Job, even if it pays mediocre.
But when we take trading as a career, all we want is a discount broker and free youtube videos to become profitable from Day 1.
When will you ever learn to trade ?
In next 6 months, I want to look like the person in my profile picture. Day trading, sedentary lifestyle & lockdown has pushed me out of shape like a potato ๐๐
1.3L+ for the day.
Cipla is the 5th trade which caught the upper circuit move in last 2 months. Honestly didn't expect today to be a great trading day. All thanks to the markets. Some travel plans from tomorrow, so will be off from twitter updates for a while.
One of the perks of being an independent full time trader is - Going off the grid without having a need to tell anyone around you ๐. Will be ending the trip this weekend in Ooty. Excited to get back to my workstation soon.
One of My Profitable Recipe in Trading.
Any trade I take, I divide my position sizing by 2-3 parts and enter each part gradually scaling in & out. Never go all in. When I get a trade signal, I enter 1/3 and see how the instrument moves.If in favor and trend continues another1/3
What bad could happen ? I may fail in this experiment, suck at it, unlearn, relearn or worse - forced to find a job. I believe this risk is going to be worth it. n/n
Intraday trading generates me cash flow, which helps me to pay my bills every month. Not only that, it also helps me to run my Swing Futures & Options positions without Greed & Fear as the need to make money is removed from the equation. This is how I diversify & balance trading
Some fun fact -
Last FY, a trader made 15L profit by trading and made 90L by taking seminar/workshops.
Forget Twitter Trading, this is mother of all trading. ๐
Today's Market News:
Professional Trader - "I gave up half or most of my profits. I just want to cry ๐ญ "
Amateur Trader - " I bought the dip since morning and made profit when market reversed. Trading is easy ๐ค"
From 40k to 1.4cr - Many system/software sellers claimed it was all because of their software/mentorship. Now down more than -75%. Will the same software seller/mentor come and talk about it ? But Pugalenthi honestly talked about his equity curve ride without hiding anything. ๐
My simple advice to anyone reading this. Every single trading day in your career, have a Daily Stop Loss. Say 1-2% or any number you are comfortable with. And never forget to stop trading for the day when daily SL hit. You definitely will survive to see another day trading.
Phoned HDFC Bank today and asked them for X amount of Housing Loan. They asked me where I work. I said am in Business as a Financial Markets Trader. He replied- "Share Market Trading ?"๐ถ To which I said Yes. He denied loan saying my Job Risk Profile is high.
#TrueStory
I have donated my yesterday's trading profits of INR 50,000 to Raunak for his urgent need of funds to complete his education. I DM'ed him and checked Milaap too. Friends who are reading this, please help him to pursue his career.
Unprofitable traders will turn profitable if they trade a backtested system & keep trading through drawdowns. Not many are psychologically resilient & they end up abandoning the system during drawdown, missing the trades which might have pushed the equity curve to new high.
~ Once you develop a strategy and an edge in the market, next most imp thing to learn is Discipline. If you fail to learn it, the market will teach you a class on Discipline, which will be the most expensive class you will ever attend in your life. ~
Recently a friend of mine asked me for an advice before getting married.
I said - "When you look at the girl, make sure your blood runs to your brain and not to your dick". ๐
As a trader, consider yourself lucky to live through this decade. You have instant quotes, charts, TA tools, ease of trade execution through mobile & social media platform to interact with other traders to learn.
Century ago they sent pigeons with buy/sell orders to brokers ๐
Starting today, will be doing a road trip from Coimbatore to Vellore, Pune and Kanyakumari in a span of 2-3 weeks. It is going to be a 3,500 kms drive. Have done many interstates before but this one's got a lot of miles to crunch. Will update here.
Happy Vacation You All ๐๐
Intraday trading is the one of the low risk type of trading. You take a position in morning & close it by EOD and sit on cash awaiting new opportunities next day. Also taking leverages & scaling up in intra is much safer than swing/positional. Overnight sleep is better than risk.
Hedges lost more money than my straddles. I calculated and found that, if I sold hedges everyday since Jan, I would have made more money than selling straddles ๐
Traders who are consistently profitable QoQ, YoY over a long period are Super Humans. Not only I will be Interested to learn how they trade but also give major importance to their disciplinary aspects toward trading, mental health and psychology. Less then 0.1% traders qualify.
Longs at breakout and Shorts at breakdown is something every trader does. But taking low risk Longs at support prior to breakout and adding after the breakout is something only a professional trader attempts.Even if breakout fails,there is ample space to close trade or breakeven.
Waking up at 5 AM and getting to my workstation when others are at sleep makes me feel, I have a good head start for the day.
#ThingsYouSayWhenYouWakeUpAt5
Why many want to become Full Time Traders when their only aim is money ? There are well paying corporate jobs for that. Full Time Trading is bigger than that.
Time, Freedom, Travel, Work from anywhere & the freedom to go off the grid without having a need to tell anyone๐
Jesus Christ, every single dip is bought in US Markets. A day ago, whole US was burning. If earth opens up and swallows every single human being, Dow Futures will still be up 1.5%
Is it true that Trading is the only business which will be unaffected by economic slowdown, lockdown, recession, depression, layoffs, boom, bust, war, terminator, aliens, gargantuan blackhole swallowing our solar system,...?
Intraday Trading Statistics
Week Ending 15 Nov
Total Trades - 16
Win - 14
Lose - 2
Winrate - 87.5%
Win Days - 100%
Profit - INR 72,935.00
Don't believe my white board below, check my tweets for the week.
Consistent small profits add up ++
What I recently learnt is, the traders who have the real balls and make 6/7 figures everyday are the ones who keep their mouth shut about their trading styles & strategies and never trumpet about it. Dont get it ? Will they bite the hand which feeds them ?
Markets repeat the patterns and keep doing the same thing over & over again, but not in the same sequence/order. Those who try to predict the sequence fail in the long run. Be prepared for the worst case sequence and play along with the Law of Large Numbers.
#Markets
Trader's Daily Pre-Market Ritual. Really important for active traders to read through it every single day before market open. Keeps you in your senses and gets you prepared for the adversities. Put my earlier tweet in a pictorial form.
STT was introduced in 2004. Nifty was barely trading at 1800 levels. Full time traders did not feel the cost at that time. With Nifty at 15k, STT costs huge for traders to trade in Futures. In same way, traders who don't see the downside of
#PeakMargin
now, will see it later.
Baffled to see some traders say Technical Analysis is Garbage or BS. They are like my last bench friends in 12th standard who fail at learning Mathematics but rejoice and join others who fail at Math and call Math a bullshit subject. Enough said ๐
Every trader would have come across their 1st 'aha moment' which might have changed their trading career and set them on the right path towards profitable trading. What is that one 'aha moment' of yours ? Like to hear from you.
I am a part time trader. I have a full time job from 12pm to 9pm. I only take morning intraday session trades. Every single day I wake up at 5am and go through World Indices charts(31+) Nifty Indices charts(22+), FNO charts(200+) and keep my top 5 trading setups ready by 9am 1/n
2 things which originated in India or invented by Indians but rarely used by Indians.
-Yoga
-Kamasutra
3rd thing invented by Indians which has significance.
-Number Zero (0)
4th thing created by Indians which sent us back 500 years in evolution
-Religion & Casteism