HOW TO DO SHORT STRANGLES TO MAKE 1% WEEKLY INCOME CONSISTENTLY?
I've made majority of my money by short strangles and I'll explain one very easy short strangle strategy which you guys can follow.
I'll also explain the adjustments and risk management.
A Thread on Personal Finance💰
Spare few minutes to read this useful & imp. thread⬇️
1. Rule of 72 (Double Your Money)
2. Rule of 114 (Triple)
3. Rule of 144 (Quadruple)
4. Rule of 70 (Inflation)
5. 50-30-20 Rule
6. 3X Emergency Rule
7. 40℅ EMI Rule
8. Life Insurance Rule
How to make weekly 1% by trading NIFTY (writing) options.
Note: This is a framework that I trade. You can change/adapt the structure as per your temperament/style.
Prerequisite: The instrument I trade is nifty. So in Nifty we need a range to sell for the upcoming week.
LOSS OF -35,750/- In month of March 2022
Did some random trades out of system and landed in this situation, otherwise would be +50k.
Loss is part of a game, except it and move on.
Undisputed champion 🏆 in option selling and undoubtedly India's best trader @Mitesh_Engr Sir
Lessons on how to trade in such difficult times from the Indian Options Conclave 3.0 by Jainam Broking Ltd
Time for a🧵
Collaborated with @AdityaTodmal
In recent days, rule based trading or mechanical trading system is on limelight. Every beginner considers that system trading is the sure shot way to profitable trading journey. But there are certain pitfalls in mechanical trading system that no one talks about. Here's a short 🧵
1.
Why big traders are not taking more risk in trading?
On Thursday due to blunder my morning m2m was - 5.89 cr.
If no blunder it could have around -1.2 cr only.
In my early days of trading I was playing very aggressively with directional trading.
The best traders have a trading plan.
But 98.8% of the new traders, don't know how to make one.
I analyzed @niki_poojary's account, to learn how we can create a plan on our own.
Here's the simple 8-step process:🧵