Dr Gaurav Patel, Dermatologist by profession and trading psychologist by experience . Banknifty trader.Believes in law of karma and law of attraction.youtube.com/aasthaskinandl… ahmedabad,indiaJoined February 2010
1- To become a successful trader, understand it's a **marathon, not a sprint**. Success takes time, effort, and commitment;
it's never achieved overnight. #TradingPsychology
From the book - #HighPerformanceTrading
#sensex last two expiry
- After opening Crashes ~700 pts 🟥
•V-shape recovery to day opening level 🟩
•Slow grind down 📉
•Ends lower ⚠️
Is it manipulation, smart money trap, or just expiry magic? 🎭
Although today’s expiry was comparatively calmer.
Had the privilege of delivering a lecture to the bright and curious students at Jamnabai Narsee School, GIFT City, Gandhinagar.
It was a joy to see their enthusiasm and engagement of kids
I must say , today’s generation is tooo smarter.😊😊
Finally much awaited and needed feature available on @zerodhaonline .
Now we can open option chain and trade directly.
It’s very easy and convenient .
I think it’s not available on mobile app.
Reading “Trade Like a Stock Market Wizard “
Must read book for all market participants .
Four points to become successful.
•Emotional control
•Discipline
•Risk management
•Adaptability – Adjusting strategies based on market conditions.
January and Feb are notoriously given negative returns many times.
Ups and down in Stock market is normal phenomenon.
No one can predict when market will recover
Invest in good company which you have confidence .
There is no option other thn taking stop loss in such wild movement in both sides in #sensex .
We need to survive this type of day.
Pre decide your maximum loss per day and if it hits, stop trading and relax.
There will be many days for trading.
Preserving capital is vital.
2024- Year of massive changes-
After break in May-June, I shifted to directional #option selling from non -directional😊
End of daily expiry and new regulatory changes brought new challenges, adaptation will take some time.
#Trading is business of constant change and evolution
What a calm #Sensex expiry!
Today’s it move less thn half point of yesterday’s 15 minutes movement.😊
Every trade is unique with unpredictable outcome. We should trade according to our plan with predetermined loss.
Juicy expiry for option writer.
Journey of Shifting from 0dte to new expiry regime will require some change in strategy, risk reward and mindset.
Behavior of #Nifty in today’s expiry reminds me old monthly expiry when premium behave madly after 2:45-3 pm.
Define max loss per day and follow it rigidly .
“🏙️ Just had an amazing experience on #WallStreet, standing next to the iconic Charging Bull!
Only trader can feel the vibes of the
Street of New York😊For others, It’s just tourist place😍
More thn 50 traders had discussed with me regarding trading .
Good thing is that most of the traders want to improve their psychology
Common mistake:
- Lack of discipline and plan
-Over and revenge trading
-Poor risk management
3 Consecutive #Finnifty expiry loss in Jan 24.😊
"Fun time for your brain! 🎉🧠"
Find 3 differences in each picture 🕵️♀️
Never thought that Spotting the differences in these images are so tricky.
Finding strikes for option selling in much easier than this😀😀
Let’s see who can find all of them👍
#finnifty gave a big lesson to those who are not keeping SL order in system.
Our mind keeps us away from putting SL order in system by telling that price will not move to such extreme and we fear about freak trade also
small loss is always happy loss😊
Crazy move both sides 🎢
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