How to Manage Your Risk
https://youtu.be/yUopkqs3NL4

Here’s the trades I took 15 years ago with Sharekhan. Just found the contract notes in my book shelf. Bought Unitech at 523₹ , DLF @ 1190₹ 😳. It was the end of crazy bull run period, market peaked at Jan 2008, exactly when I entered as a newbie.

When volatility is extremely low, possibility of black swan event goes high but in order to capitalise it, we need to go through series of small losses. Nikhil Kamath explained it well about how Naseem Taleb handles the black swan events.

Everyone have access to Trading Strategies now but still there is something everyone one of us miss. I learnt what it is after wasting 5 years of my life in it, I have shared my mistakes & learnings in this video.

https://youtu.be/nzfyr9CA-Xs

How to Acquire Trading Wisdom?

1. Trade Live
2. Make Mistakes
3. Learn from your mistakes
4. Repeat Steps 1-3 until Wisdom is acquired.
5. Realize that the wisdom you acquired in step 4 was not really wisdom at all. This realisation brings new wisdom.
6. Repeat Steps 1-5

I have seen many people get stuck in Step 4, without knowing they got stuck there. As they say, “first rule of the Dunning-Kruger club is you don’t know you’re a member of Dunning-Kruger club.”

Knowing what you don’t know is really important than knowing what you know.

The moment traders get into Step 5, the real turnaround happens. That’s when a trader move into Arrogance to Acceptance zone. Then slowly trading becomes lot more comfortable, neither profit excites you nor loss bothers you anymore.

So ask yourself which step you are in now?

Here's the detailed explanation about why I stopped investing in individual stocks and moved to Index funds. What really made me to focus on Index funds rather than spending time on analysing stocks for long term investing.

https://youtu.be/DK6RVHyKM54

Extreme Gamma move on monthly expiry. From Rs.20 it went to Rs.220 and came back to Rs.2 now.

This is a candid conversation with Systematic Trader & Investor Mr. Rakesh Pujara who has over 25 years of trading and investment experience in the Indian equity markets.

In this video, he has shared how he approaches market with data driven models and also shares his experience of handling black swan events in live markets.

https://youtu.be/svpfXbi3RzU

I will be part of live Algo Traders group at the Jainam Options Conclave event where I will be trading Sensex expiry live this Friday and showcasing how I do data analysis with ChatGPT. Interested users can register with discount code

K!rub@sq551

https://events.jainam.in/#/indian-option-conclave-5-0

Violent FinNifty expiry from Rs.3 to Rs.140 in few mins, more than 4500% movement in fraction of seconds.

Glad to be part of Indian Options Conclave, this time event is organised at a much larger scale by Jainam. Did live Sensex Trading in front of the participants & explained the importance following a process driven approach towards Trading. Lot more to come tomorrow.

In this video, I have explained what kind of trading approach you should follow without nay bias. Should it be Discretionary trading or Algo Trading? How should you decide which one is suitable for you? Check it out.

https://youtu.be/0pcgyrc1nGQ

How can you easily use ChatGPT to write the Pine script code for you.

https://squareoff.in/code-your-trading-strategy-in-trading-view-using-chatgpt/

NSE has cut the lot size by half. Starting from April end, revised lot size will be applicable. This will bring down the margin requirement for option selling significantly. People can trade one lot with as low as 25000₹ with Nifty soon.

Instead of directly backtesting with strangles or straddles, start with observing market movements. I asked ChatGPT to plot multiple possible intraday movements. Accordingly I can now design strategy that can capitalise these moves. Strategy design time is now reduced drastically.

Key is to break down the 6 hours (9:15 to 3:15) into multiple segments. When you dissect the time frames and deploy multiple strategies it becomes easier to find the alpha.

Have shared some of my insights with moneycontrol

https://www.moneycontrol.com/news/business/markets/as-jane-street-millennium-spar-fo-gurus-say-quant-firms-always-have-the-upper-hand-12688411.html