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Showing posts from August, 2021

First Profitable Month August 2021

First Profitable Month August 2021 So folks this is my first profitable month using option buying rules which are posted here. Option Buying Setup Trading Capital Used is 1,00,000 Lacs P&L 29 K Monthly ROI 29%  Total 14 Trades were taken out of those 14 trades 8 Were Winners and 6 Losers. Win Rate is 57 % Fear of Losing managed by defining strict stop loss. This profit is mostly due to ongoing major uptrend in nifty. Nifty Crossed 17k mark first time in the history. Secondly profit came due to conviction and holding the trade for long time despite seeing loss. Compounding increasing nifty lots when needed has done it's magic also. Need to improve confidence and  taking entry without hesitation. Lock the profits and ride the full trend till 1:3 target is achieved.  Welcome to September 2021. Become consistent Super Trader. Start learning Python and algo trading. Good Luck. Love, DPZ.

How to get rich trading (without getting lucky) by @AnandableAnand

Complete beginner’s guide to wealth of Rs 10 Cr in 10 years Step 1:  Start Trading Live   Nothing can substitute experience of live trading No amount of back-test, studies or indicators can substitute training your mind with screen time. As a beginner, In live trading, you will make losses almost everyday So here are the conditions which you can’t violate in first year. If you can’t follow these rules, this document is not for you Start with trading capital of Rs 1 lakhs Max loss per trade 0.25%, i.e. 250 Rs Max loss for the day, 1%, i.e. Rs 1000 Max 6 trades in a day   I know, these conditions will cripple you in terms of what all you can trade and how, But just like any start up, trading is also about making it through initial grueling constraints of life. You will also learn, how to turn these adverse rules to your advantage You can sell directional banknifty options, obviously you can buy options, can do cash stock trading and much more under these conditions Think a...

Nifty Option Buying Setup

Nifty Option Buying Setup Nifty 50 on 5 minute time frame  Select ATM Strike 1. Price closes above VWAP. 2. Volume increases above Avg Volume. 3. Price above Avg trading price. 4. Open Interest decreases below average. 5. RSI above 60.  6. Quantity 450 / 9 lots. 7  SL -27% Trailing SL is important here 8. Target 81%  9. Trailing stop loss by 5min candle close/ day Low / Close to 10 10. Pyramiding if RSI goes about 72  11. Average out if price remains within Buying price & -27%. SL Price for 1 hour.  12. Risk management 2% loss over 21= 4000 Per trade 13. Draw down up to 20% max 40 k. 14. Losing streak 1 losing trades-2 15. Wining streak 4 -wining trades-4 16. Highest profit 5 k  17. Highest Loss 4.8 k.   Total Earnings = 9k 18. Trade After 10.30 Place Limit order of ATM CE LTP-18 ATMPE LTP-23 Depending on RSI of CE /PE decide variable value.  Read Open interest & decide accordingly.  Study line of least Resistance ...