- How to find direction
- Which options to sell
- How to deploy capital
- Exit criteria
- What ROI he targets weekly
- What % risk he takes
How to find direction
- Daily charts S/R
- 75 min charts S/R
- Intraday trend
- Always play directional
- Never trades in strategies
Which options to sell in weekly expiry
- Weekly candle High/Low
- Sell 1% away options from those
- Exit when levels breached
Position Sizing. How to deploy your capital?
- First sell 20%
- Pyramid the next day
- When to exit
- What to do when view goes wrong
- What to do with idle capital
Strategies or No Startegies
- What Data to look at
- ROI for safe players per month
- Max risk per day
- Gather knowledge and play directional
- Never play strategies
What kind of returns should traders expect
- Monthly 2% easily via index options
- With little risk 4-5%
- Beginners weekly target – 0.5%
- Consistency
- Trade fearlessly later
Other Points
- Never average losers
- Remember levels of stocks
- Cut losses immediately
- Overnight positions – Control position sizing/ hedge
How to determine Stop Loss
- Options levels
- Bank Nifty future levels
- At that level check option price and keep that as an SL
- Rely on theta decay to help you
- This will lower your SL further
Importance of IV
- Doesn’t serve much purpose
- When news is priced in option premium cools
- Don’t be fooled by twitter gurus
Importance of Greeks
Is Option selling limited profit?
Power of BRUTAL compounding
Mental Block
- Do not have any metal blocks like 1% per week
- Aims high
