The Shortness of Life is one of the best books ever written on Managing Time and it is one of my personal favorite.
Here are the Top 5 Takeaways from the book The Shortness of Life:
1. Know Your Most Important Asset
2. Being busy always is not living
3. Luxury & Leisure are not living
4. Reversing the clock is not possible
5. How to Live With Duty and Purpose
What are the Option Trading Basics every trader should be aware of?
Understanding the basics of options is very important for every trader even if you are not into option trading.
Here are the list of things every option trader should be aware of:
1. Option Buying has Low Risk and High Reward
2. Option Selling has Odds of winning at 90%
3. Option Trading is a game of Risk vs Odds
4. Focus on option buying during High Volatility Events (India Vix)
5. Beware of Theta (Time Val) in 2nd Half of Month
6. Naked Calls and Puts has Unlimited risk but profit is limited
7. During option Selling Use 10% Buffer from MaxPain
8. During One Side Selling, Avoid writing PEs and target CEs
How to Analyse Intraday Open Interest Like a Pro?
Option Chain Open Interest Data is a highly significant information and if you know how to analyze and use it for intraday trading, it can give you a clear edge.
Significance of Intraday Open Interest Data:
1. Why option chain analysis is important?
2. What is Call Buildup?
3. How to identify call buildup in open interest data?
4. What is put Buildup?
5. How to identify put buildup in open interest data?
6. What is MaxPain?
7. How to use maxpain data?
8. What is PCR/Put Call Ratio?
9. How to use PCR?
10. What is the significance of PCR at Strike?
11. How to find Intraday PCR Move?
12. How to use PCR to identify fake move im the market?
13. How to use NSE option chain?
FEAR https://youtu.be/WAkv2G1Ghzw Many times we can sabotage our own trading because of our fears. In many cases, fear is good and helpful in our lives. But in trading, it can really be harmful. Fear helps us avoid things in the environment that we perceive as threatening. It’s important to note that what we perceive as…
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GREED https://youtu.be/8jwwhSVGd3I It’s so easy to be greedy in this business. It’s easy to think whatever you get, it’s not enough. If you have 200 points profit in a trade, you want 300 points. If you have 300, you want 400. The lack of being satisfied is a big reason why many people have trouble…
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DOUBLING UP: ADDING TO A LOSING POSITION https://youtu.be/l-jtJ3koFX0 As we’ve talked about so far, the most important thing you can do is keep your risk to an absolute minimum. I can’t say it enough. Minimizing your risk is 100 times more important than finding winning trades. (And finding winning trades is important too, so I…
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WISHING, HOPING, AND PRAYING https://youtu.be/FJzhHnfGTxU Remember earlier we talked about how important it is to be an active winner and loser. In other words, you must act to take profits and act to get out of losing trades. You cannot be passive with the market, and that’s exactly what wishing, hoping, and praying does. It…
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REVENGE TRADING https://youtu.be/zFnQvylmkP0 Revenge trading comes from one thing and one thing only, blaming the market for your loss. But let’s think about this realistically. Who is to blame when you have a loss? Actually I think blame is the wrong word. The question should be who is responsible when you have a loss? …
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THE WORST MISTAKE YOU CAN MAKE https://youtu.be/GSH5Ebqlx0E I’ve lost count on how many traders I’ve seen this happen to. To be honest, it’s probably happened to almost every trader out there at some time or another. Unfortunately, for many it could be the beginning of the end. As we all know, to be successful at…
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via IFTTT SELF-IMPROVEMENT If you want to develop into a successful trader, you will need to engage in some self-improvement. If you don’t already, you need to realize the market is always right and you can take money out of the market as long as you don’t impose a rigid mental structure on its…
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