From day 1, I followed a conservative approach.
Selling OTM Strikes and keeping some hedges to limit my risk
In this journey, many said don't take a hedge; it is eating your overall return, but I never broke my rules.
After all, my Goal is just 3-4% monthly.
#Optionselling
Major Resistance in Nifty:19600
Major Support in Nifty: 19500
Major Resistance in Bank Nifty: 44400
Major Support in Bank Nifty: 43900
Highest Chng In OI :-> 19600 : CE | 19500 : PE |
Highest VOLUME :-> 19600 : CE | 19500 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19600 : CE | 777444 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19500 : PE | 792088 |
Published a new Article on blog. Here is the details:
Limited Risk Options Strategy in HCLTECH for October 2023 Expiry https://tradepik.com/limited-risk-options-strategy-hcltech/
Major Resistance in Nifty:19600
Major Support in Nifty: 19400
Major Resistance in Bank Nifty: 44600
Major Support in Bank Nifty: 44100
Highest Chng In OI :-> 19600 : CE | 19500 : PE |
Highest VOLUME :-> 19500 : CE | 19500 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19600 : CE | 233498 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19500 : PE | 189793 |
Published a new Article on blog. Here is the details:
Weekly Chart Analysis and Trading Strategies for October 6th Expiry https://tradepik.com/weekly-chart-analysis-trading-strategies/
Published a new Article on blog. Here is the details:
Options Trading Strategies for Income Generation https://tradepik.com/options-trading-strategies-for-income-generation/
Slowly #StockMarketindia is entering into bear's territory.
Major stocks in #BankNifty are in red, intraday looks "Bearish" in #banknifty while "Neutral" in #Nifty.
Keep following the data and adjust your positions.
S&R = 19600 & 19800 in #nifty and 45000 & 44500 in #banknifty
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The 30-Day Options Trading Challenge starts in 2 hours!
Learn how to trade options profitably in any market condition.
Don't miss out on this opportunity. Sign up now:
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#options #trading #challenge #learn #profitably
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Published a new Article on blog. Here is the details:
3 Things I've Learned in My 12 Years of Trading Career https://tradepik.com/lessons-learned-in-trading-career/
Remember one thing:
Adjustments do not guarantee sure shot money.
Adjustments are made to reduce the loss in a losing trade.
It's simply a technique for minimizing losses from a bad trade.
If you believe that by making adjustments, you can turn a bad trade into a good one, you are mistaken.
A bad trade is always a bad trade, no matter how well you are managing it.
Adjustments can reduce risk, but if you rely solely on adjustments to make money, this will be a difficult journey.
So concentrate on strategy selection and formation, and leave adjustments as your last resort. Only you can profit in this market by following it.
#options #OptionsTrading #Nifty #BankNifty #StockMarkets #Stockmarketindia
One of the best and easiest expiry!
Made around 1 lk (2%) this expiry with our rule-based intraday basket.
You can learn the strategies here: https://courses.tradepik.com/courses/learn-intraday-option-strategies-637b7cf8e4b0205773384131
After waited so much I took this trade around 1:22 when Nifty was traded as per my entry points.
Let's see how this trade goes.
Just testing few things for our 30-day option trading challenge. Will share in the challenge.
You can book your seat here: https://courses.tradepik.com/courses/30-day-options-trading-challenge-6505341fe4b0c921ee9ffebc
Major Resistance in Nifty:20200
Major Support in Nifty: 19900
Major Resistance in Bank Nifty: 46000
Major Support in Bank Nifty: 45500
Highest Chng In OI :-> 20100 : CE | 20000 : PE |
Highest VOLUME :-> 20100 : CE | 20000 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 20100 : CE | 225604 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 20000 : PE | 197348 |
On this auspicious day of Ganesh Chaturthi, we at TradePik.com wish all our stock traders and investors a blessed and prosperous year ahead.
May Lord Ganesha, the remover of obstacles, bless you with wisdom, courage, and success in all your trading and investment endeavors.
Discipline, risk management, and patience are essential qualities for successful stock trading and investing. Lord Ganesha, with his intelligence and foresight, is a role model for all investors.
#GaneshChaturthi #TradePikAcademy #StockMarket #Investing #Discipline #RiskManagement #Patience #NewBeginnings #Success #Prosperity
The expiry day trend looks completely "Neutral" in #nifty and #Banknifty.
Immediate support is at 19400 and resistance is at 19600.
Better to trade with neutral trades today. and avoid any directional trade.
#OptionsTrading
Created this Neutral Strategy in #nifty for today.
Will adjust if there is any sustainable breakout from 19500 or breakdown from 19300.
Keep Following!
#OptionsTrading #options #Nifty #BankNifty #StockMarkets
Trend Looks "Highly Bearish" in both the indices.
A good day to sell call above immediate resistance.
🕊️🇮🇳 On the auspicious occasion of Gandhi Jayanti and Dr. Lal Bahadur Shastri's birthday, let's reflect on the qualities we can adopt as options traders from these two remarkable leaders. 📈💹
𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲: Gandhi Ji's unwavering commitment to non-violence and Dr. Shastri Ji's simplicity both teach us the importance of discipline in options trading. Stick to your trading plan and rules with determination.
𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Just as Gandhi Ji advocated for peaceful resistance, prudent risk management is our shield against market volatility. Preserve your capital wisely, as Dr. Shastri Ji preserved India's self-sufficiency.
𝗣𝗮𝘁𝗶𝗲𝗻𝗰𝗲: Gandhi Ji's struggle for freedom spanned years, and Dr. Shastri Ji's efforts took time to yield results. Similarly, options trading requires patience. Don't rush decisions; wait for the right opportunities.
𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴: Both leaders believed in constant self-improvement. As options traders, stay updated, and adapt to changing market conditions.
𝗔𝗱𝗮𝗽𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Dr. Shastri Ji's 'Jai Jawan, Jai Kisan' mantra and Gandhi Ji's adaptability to various situations remind us to adapt our strategies to different market scenarios.
𝗦𝗶𝗺𝗽𝗹𝗶𝗰𝗶𝘁𝘆: Gandhi Ji's simple lifestyle and Dr. Shastri Ji's humility remind us that complex strategies are not always the best. Simplicity often leads to clarity in decision-making.
𝗘𝘁𝗵𝗶𝗰𝗮𝗹 𝗖𝗼𝗻𝗱𝘂𝗰𝘁: Both leaders upheld strong moral values. As traders, always maintain ethical standards and integrity in your dealings.
Let's honor these great leaders by embodying these qualities in our options trading journey. 🙏📊 Happy Gandhi Jayanti and Dr. Lal Bahadur Shastri's birthday! 🇮🇳 #OptionsTrading #GandhiJayanti #LalBahadurShastri
Major Resistance in Nifty:19700
Major Support in Nifty: 19500
Major Resistance in Bank Nifty: 44700
Major Support in Bank Nifty: 44300
Highest Chng In OI :-> 19600 : CE | 19600 : PE |
Highest VOLUME :-> 19600 : CE | 19600 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19700 : CE | 342745 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19600 : PE | 264872 |
Major Resistance in Nifty:19800
Major Support in Nifty: 19600
Major Resistance in Bank Nifty: 45000
Major Support in Bank Nifty: 44500
Highest Chng In OI :-> 19700 : CE | 19650 : PE |
Highest VOLUME :-> 19700 : CE | 19700 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19800 : CE | 234489 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19700 : PE | 178961 |
𝗧𝗵𝗲 𝟯𝟬-𝗗𝗮𝘆 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝘀𝘁𝗮𝗿𝘁𝘀 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄, 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟱, 𝟮𝟬𝟮𝟯, 𝗮𝘁 𝟭𝟬 𝗮.𝗺.
This is your last chance to join and learn how to trade options profitably in any market condition.
Limited seats are available, so sign up today!
Click here to join the challenge: https://bit.ly/46b2lO4
P.S. Don't miss out on this opportunity to change your life. Sign up for the challenge today!
https://bit.ly/46b2lO4
𝗛𝗼𝘄 𝗣𝗿𝗼𝗽𝗲𝗿 𝗧𝗿𝗮𝗱𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗮𝗻 𝗖𝗵𝗮𝗻𝗴𝗲 𝗬𝗼𝘂𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗝𝗼𝘂𝗿𝗻𝗲𝘆
I used to be a very impulsive trader. I would buy and sell options without any plan or strategy. As a result, I lost a lot of money.
Then I realized that the only way to make money in options trading is to have proper trade management.
I started learning about trade management techniques and how to apply them in the real world.
Once I started using proper trade management, my trading results improved dramatically. I was able to increase my profits and reduce my losses.
𝘏𝘦𝘳𝘦'𝘴 𝘢 𝘳𝘦𝘢𝘭-𝘭𝘪𝘧𝘦 𝘦𝘹𝘢𝘮𝘱𝘭𝘦:
In February 2023, there was a sudden and unexpected sell-off in the Indian stock market. This sell-off caused the volatility index (VIX) to spike to over 30. As a result, options premiums also spiked.
I had a few options trades open at the time. However, because I had proper trade management in place, I was able to protect my profits and minimize my losses. In fact, I was able to end the day with a profit, even though the market was down sharply.
This example shows how proper trade management can change your trading journey. Even if you make a mistake in your trade entry, proper trade management can help you protect your profits and minimize your losses.
That's why the only goal of my 𝟯𝟬-𝗗𝗮𝘆 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 is to teach you how to manage your trades well so that you can increase your profit while reducing risk.
Sign up for the challenge today! Limited seats available.
https://bit.ly/3ZqioW0
Sign up for my 30-Day Options Trading Challenge today and learn how to manage your trades well to increase your profit while reducing risk!
https://bit.ly/3ZqioW0
𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝘁𝗿𝗮𝗱𝗲𝗿𝘀, 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝘁𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗹𝗲𝘃𝗲𝗹?
Join my 30-Day Options Trading Challenge starting on September 25th at 10 am.
Get proper handholding support and learn how to trade options profitably in any market condition.
Limited seats are available and the price will increase in 24 hours, so sign up now: https://bit.ly/46b2lO4
#options #trading #challenge #handholding #success
Profit/Loss for today's strategies(10 lots):
1--->09:25 BankNifty Intraday Strategy: ₹54425.0
2--->09:30 Nifty Intraday Strategy: ₹30650.0
3--->11:35 Nifty Intraday Strategy: ₹14475.0
#Nifty strategy for September 28, 2023.
It looks good until the Nifty is trading below 20,000.
I will follow 20100 as strict stoploss for this strategy.
#options #OptionsTrading #trading #StockMarketindia
Based on the first 30 mins OI data,
Intraday trend looks "Highly Bearish" in both #Nifty & #Banknifty.
We can see huge call writing on the higher levels.
Support has been shifted to 19900 from 20000 in #Nifty, indicating people are shifting their positions to lower levels.
I suggest we should avoid any naked put selling today.
𝗪𝗵𝘆 𝗣𝗿𝗼𝗽𝗲𝗿 𝗛𝗮𝗻𝗱𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗜𝘀 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗶𝗻 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴
In my previous post, I talked about why theoretical knowledge is not sufficient in options trading. In this post, I want to talk about why proper handholding is required, even if you have access to all the theory available online.
Many people think that they can learn everything they need to know about options trading from YouTube videos and blog posts. But that's not the case.
The problem with online resources is that they can be overwhelming and confusing. And it can be difficult to know which resources are reliable and which ones are not.
Even if you find a reliable resource, it can still be difficult to learn how to apply the theory to the real world.
That's where proper handholding comes in.
A good mentor can help you understand the theory and teach you how to apply it in the real world. A mentor can also help you avoid common mistakes and help you develop your own trading strategies.
𝗛𝗲𝗿𝗲'𝘀 𝗮 𝗿𝗲𝗮𝗹-𝗹𝗶𝗳𝗲 𝗲𝘅𝗮𝗺𝗽𝗹𝗲 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝘁𝗿𝗮𝗱𝗲𝗿𝘀 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝘆 𝗽𝗿𝗼𝗽𝗲𝗿 𝗵𝗮𝗻𝗱𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗶𝘀 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱:
Amit, a new options trader, started trading options based on what he had learned from YouTube videos and blog posts. He made a few profits in the beginning, but he soon started losing money. He didn't understand why he was losing money, and he didn't know how to fix his mistakes.
Amit decided to find a mentor to help him. His mentor helped him understand the theory and taught him how to apply it in the real world. Amit's mentor also helped him avoid common mistakes and develop his own trading strategies. Within a few weeks, Amit started making profits again. And he has continued to make profits ever since.
This example shows that proper handholding is essential for success in options trading. Even if you have access to all the theory available online, you still need a mentor to help you understand the theory and apply it in the real world.
𝗧𝗵𝗮𝘁'𝘀 𝘄𝗵𝘆 𝗜'𝘃𝗲 𝗰𝗿𝗲𝗮𝘁𝗲𝗱 𝗺𝘆 𝟯𝟬-𝗱𝗮𝘆 𝗼𝗻𝗹𝗶𝗻𝗲 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲.
In this challenge, you'll receive proper handholding support from me in different market conditions. I'll help you understand the theory and teach you how to apply it in the real world. I'll also help you avoid common mistakes and develop your own trading strategies.
If you're ready to learn how to trade options profitably, then sign up for the challenge today!
Limited seats available.
Click here to join the challenge: https://bit.ly/46b2lO4
Sign up for my 30-day online trading challenge today and learn how to trade options profitably with proper handholding support!
#options #trading #mentor #handholding #success #challenge
https://bit.ly/46b2lO4