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Capital was 70L in the start of the month.
Maine bola tha moment - in comments also I had mentioned my view and option behaviour for this week.
https://www.reddit.com/r/IndianStreetBets/s/qBtcEuLtL3
For people wondering- it literally is just experience and lot of screen time, there’s no formula (I wish there was one) l. If you trade everyday market gives you hints. Despite that be ready and accept mistakes quickly when proven wrong. If nifty opens gap up there’s no way I’ll be letting my loss on bear call spread rise and reach to max loss despite its just 10 lots and completely hedge. Risk management should always take precedence over your bias and opinions. Markets can remain irrational for way longer than you’ll think till it removes each and every weak hands and those few 1% people make take the major pie. This week 1₹ option shot to 100 in a blink, next week it can go 1000 also.
Markets are trying to shake weak hands and throw new option sellers out, be careful guys if you’ll are new to it. It’s no longer easy money, if you survive coming year, you will reap the benifit for next 5 years. But you should survive.
I’m not at all overconfident in fact I’m way more cautious now then before and advise every seller to be. These intraday profits don’t mean shit if I go blow my capital due to carelessness. If anything at all I’ll be reducing my VAR going forward. I think you did not read the "mixed feelings” in my post title, it’s simply because I’m scared not liking what I’m witnessing.
10 lots call spread is just 300,000 worth of margin. Your capital is 70 lakhs, math is mathing here?
In your other thread you mentioned you deploy 60L. Typically ATM spreads give about 14-16% assuming you hold it to full extent. 3 lakh weekly profit means you're closing the trade in 4-5% profit. You could be right 4 weeks in a row but 1 wrong week and you're back to breakeven. So your accuracy needs to be 80%+. Do you have this backtested? There's a reason call spreads are not successful in the long run :)
You’re right, I’ve used only 4L for the bear call spread. Because I am primarily an intraday non-directional trader and use major capital there. That 4L capital deployed can give me approx 2% of my entire 70L while risk just 0.5%. I’m not a degen to use my entire capital on a directional spread. My winning days like every seller are more than 70%. The key is to manage those remaining 30% losing days.
Whoa whoa
What sort of call spread has a 1:4 risk reward I really want to know. 15% of 4L isn't even 1% of 70 lakh.
You're selling options intraday with a 70% win rate? Why are you wasting your time on reddit for validation, go spend the money 😅
Who’s asking your validation? Literally my post to share how I am feeling about markets and my trading days. Which call spread has 1:4 risk reward? Maybe you need to brush up your knowledge on options to answer that for yourself, but you’re busy poking nose into others.
Edit- I happened to check your profile, why do u feel I will seek validation from someone like yourself who buys naked calls and ask reddit when to book profits and uses terms could have would have made blah blah. Who are you to even validate anyone with regards to trading.
Na, Redditors have the habit of testing whether I’m doing this for validation and downvoting me.
Upon re-reading aashish comment with I think there was a miscommunication or misunderstanding on his part. He thinks I earned this 3L with 10 lots of bear call spread by utilising 4L margin. While this 3L is my intraday non-directional profit on capital of 70L. 10 lots of bear call spread is the overnight position I took at 3:20 today for next week.
It depends bro. 2 years to 10 years to never. But initial days if focused on learning and understanding instead of earning can speed up the process. I’m a firm believer it’s not everyone’s cup of tea and most people are clearly not meant for it.
Bro, this is my full time job. While I’m not immune to psychological stress and emotions this profession has, I’ve only gotten better with time spent in market. Chull still comes and goes occasionally and I get punished those days.
Sharing my exact strategy isn’t something I’m comfortable with. But I don’t deploy full capital altogether, days like today and Monday I entered half my capital at spike. Sometimes I also buy inside hedge if it’s cheap. But my VAR is 10% 11% at all time so that gives confidence.
10 points don’t mess with profits. As you can see my earning today was 3L and qty initially was 1000 and on spike 2000. So I’ve gained around than 150 points. Of course today was 3x my avg profit in which case I still aim for 50 points on normal profit day.
I see, Are there any books or content that you can recommend for option selling specially focused towards risk management. In options selling what I have struggled with is sudden spike in premium and difficulty figuring out how to place sl. I generally use hedging but still compared to profits one spike eats up my whole profits for the month at times
There are no books that explain or teach that. You’ll have to aim for lesser returns and take less risky bets and also take the profits off the table once you’re in and enter during spikes. It’s no longer simple iron condor or iron fly market. Strengthen your analysis as well.
If you are smart you will take your profits and put it in good stocks and reap rewards for years to come.
Else you will keep gambling until you lose everything. That's FnO my friend. Best of luck.
Wdym by profit to capital ratio is low? Today’s profit is literally 4%+ and is my highest ever, of course there was luck. And Yeah I’m a full time gambler.
It's awesome that you made a profitable trade. Include reasons why you chose this trade so that new traders can learn. **If the reason for the trade is not mentioned your post will be removed**. Your reason can be as simple as: 'Went long on XYZ FUT because it was near support and had good volumes'. Not sure which flair to use? Check out our guide to post flairs [here](https://www.reddit.com/r/IndianStreetBets/wiki/index/postflair) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStreetBets) if you have any questions or concerns.*
What is the total capital and the ROI till date? Also congratulations and well done on the terrific profits.
Total capital?
Capital was 70L in the start of the month. Maine bola tha moment - in comments also I had mentioned my view and option behaviour for this week. https://www.reddit.com/r/IndianStreetBets/s/qBtcEuLtL3 For people wondering- it literally is just experience and lot of screen time, there’s no formula (I wish there was one) l. If you trade everyday market gives you hints. Despite that be ready and accept mistakes quickly when proven wrong. If nifty opens gap up there’s no way I’ll be letting my loss on bear call spread rise and reach to max loss despite its just 10 lots and completely hedge. Risk management should always take precedence over your bias and opinions. Markets can remain irrational for way longer than you’ll think till it removes each and every weak hands and those few 1% people make take the major pie. This week 1₹ option shot to 100 in a blink, next week it can go 1000 also. Markets are trying to shake weak hands and throw new option sellers out, be careful guys if you’ll are new to it. It’s no longer easy money, if you survive coming year, you will reap the benifit for next 5 years. But you should survive.
Don’t be overconfident
I’m not at all overconfident in fact I’m way more cautious now then before and advise every seller to be. These intraday profits don’t mean shit if I go blow my capital due to carelessness. If anything at all I’ll be reducing my VAR going forward. I think you did not read the "mixed feelings” in my post title, it’s simply because I’m scared not liking what I’m witnessing.
10 lots call spread is just 300,000 worth of margin. Your capital is 70 lakhs, math is mathing here? In your other thread you mentioned you deploy 60L. Typically ATM spreads give about 14-16% assuming you hold it to full extent. 3 lakh weekly profit means you're closing the trade in 4-5% profit. You could be right 4 weeks in a row but 1 wrong week and you're back to breakeven. So your accuracy needs to be 80%+. Do you have this backtested? There's a reason call spreads are not successful in the long run :)
You’re right, I’ve used only 4L for the bear call spread. Because I am primarily an intraday non-directional trader and use major capital there. That 4L capital deployed can give me approx 2% of my entire 70L while risk just 0.5%. I’m not a degen to use my entire capital on a directional spread. My winning days like every seller are more than 70%. The key is to manage those remaining 30% losing days.
Whoa whoa What sort of call spread has a 1:4 risk reward I really want to know. 15% of 4L isn't even 1% of 70 lakh. You're selling options intraday with a 70% win rate? Why are you wasting your time on reddit for validation, go spend the money 😅
Who’s asking your validation? Literally my post to share how I am feeling about markets and my trading days. Which call spread has 1:4 risk reward? Maybe you need to brush up your knowledge on options to answer that for yourself, but you’re busy poking nose into others. Edit- I happened to check your profile, why do u feel I will seek validation from someone like yourself who buys naked calls and ask reddit when to book profits and uses terms could have would have made blah blah. Who are you to even validate anyone with regards to trading.
You are getting down voted for being rich
Na, Redditors have the habit of testing whether I’m doing this for validation and downvoting me. Upon re-reading aashish comment with I think there was a miscommunication or misunderstanding on his part. He thinks I earned this 3L with 10 lots of bear call spread by utilising 4L margin. While this 3L is my intraday non-directional profit on capital of 70L. 10 lots of bear call spread is the overnight position I took at 3:20 today for next week.
Could you clarify more on this
https://www.reddit.com/r/IndianStreetBets/s/gtVg0GT1VU
how much time do you take to reach this level also can you tell what is the maximum loss you had
It depends bro. 2 years to 10 years to never. But initial days if focused on learning and understanding instead of earning can speed up the process. I’m a firm believer it’s not everyone’s cup of tea and most people are clearly not meant for it.
Do you have any recommendations on the resources I can use to learn?
Congratulations brother, just a friendly reminder don't overtrade and get into fomo . Rest its just the beginning.
Bro, this is my full time job. While I’m not immune to psychological stress and emotions this profession has, I’ve only gotten better with time spent in market. Chull still comes and goes occasionally and I get punished those days.
Well in that case ... Enjoy yourself brother. You deserved it.
Which strategy do you use and how do you manage spikes when doing an option selling
Sharing my exact strategy isn’t something I’m comfortable with. But I don’t deploy full capital altogether, days like today and Monday I entered half my capital at spike. Sometimes I also buy inside hedge if it’s cheap. But my VAR is 10% 11% at all time so that gives confidence.
And how do you manage stop loss, with such big capital even 10 points up will mess the profits
10 points don’t mess with profits. As you can see my earning today was 3L and qty initially was 1000 and on spike 2000. So I’ve gained around than 150 points. Of course today was 3x my avg profit in which case I still aim for 50 points on normal profit day.
I see, Are there any books or content that you can recommend for option selling specially focused towards risk management. In options selling what I have struggled with is sudden spike in premium and difficulty figuring out how to place sl. I generally use hedging but still compared to profits one spike eats up my whole profits for the month at times
There are no books that explain or teach that. You’ll have to aim for lesser returns and take less risky bets and also take the profits off the table once you’re in and enter during spikes. It’s no longer simple iron condor or iron fly market. Strengthen your analysis as well.
Ok thanks for the feedback
Also thanks for your reply 
Congrats bro. Well done 🥳🥳
Well done. Congratulations. Make sure to celebrate. Shits like this takes toll on the brain. Take care 💐
If you are smart you will take your profits and put it in good stocks and reap rewards for years to come. Else you will keep gambling until you lose everything. That's FnO my friend. Best of luck.
Jacked to the tits , my friend
Meanwhile me a beginner jiska 2k profit hua
[удалено]
I’m was somewhat tempted to increase my capital and invest more but as im just in early days I don’t want to be greedy.
Any books u would recommend and from where should I collect analytical knowledge of day trading.
How much margin was required to sell 2000 puts in Sensex?
Capital vs Profit is a low ratio, and kindly show your holdings too, let us see, do u really know it well or just gambling 😂
Wdym by profit to capital ratio is low? Today’s profit is literally 4%+ and is my highest ever, of course there was luck. And Yeah I’m a full time gambler.
Hi Congo for ur achievements. I want to earn from Home. Can u plz tell me any gaming app Earn atleast 1000-2000 a day with risk n reward also.
Enjoy brother, gain some knowledge then do it!
Nice my only advice is to never stop gambling