Cboe option chain quotes20 comments
Leftrotate binary trading binary trading rubric
Following is my interaction with Joby. It all started with just around Rs back when I started and today whatever I have made is all out of that Rs I guess the reason for this is because it is very tough to trade and invest at the same time, I was never comfortable doing that. For example, I am shorting Nifty futures because I am feeling bearish, but what do I do with the stocks that I am holding for long term—hold or sell?
I usually hold the positions overnight and sometimes take intraday trades as well. I feel options give higher flexibility and shorting options inherently improves the winning odds as long as you have a risk management policy to cover when you are wrong, as the losses writing options can be unlimited. One of those things I do though is that when I take a wrong trade that was not intended to, I immediately book the loss if any and try to stay away from trading on that particular day.
Most of these trades typically are hedged because I would be shorting calls and puts at the same time so that I can benefit from both the calls and puts premium losing its value when in the range.
I also as a rule completely avoid writing naked put options. If the market is trading, I am looking at the screen if I am in a trade or not. It is based on how I feel about my trade with respect to how the markets are moving. My routine is working out in the morning, playing football and going on family vacations with my wife Seena and two kids once or twice every year. Also before we end the conversation, I want to thank Zerodha for putting up a very unique initiative like the 60 Day Challenge that gives additional motivation to profit and be amongst the winners.
I could only conclude that he has a special skillset and importantly also the discipline to go along with it. Love playing poker, basketball, and guitar. I would like get Mr. This shows the Passion and Commitment towards Trading and finally the secrect of his success…. But all the years I have been trading actively, I have spent countless hours looking at the terminal on how Nifty prices move. A bunch of people have requested for his number, but we cannot invade his privacy.
Do ask any question on this post and will try to get answers from Joby as and when. You are a real trader then, without using any other tool, you made fortune trading in the markets.
Hello sir Congratulations Joby.. Now that is 22 years of hardcore trading experience speaking…. Congrats joby and a brave decision in quoting bakery business and to start as a full time trader.. Thanks a lot for sharing.
Just i have query. I am having 5 different accounts at Zerodha mainly doing options. Right now i been putting all the orders at one time by putting 5 different copies of Nesttrader in my PC. Is it possible that i have one Nesttrader putting orders for my 5 different accounts at one shot.
One of my friend has told me that this is possible provided i do take the NISM certification derivative exam. Once passing the exam i can opt for a dealer terminal so that i can put orders for my 5 accounts at one shot.
In case this possible would like to know more about it and is there any extra charges applicable. Joseph this would be possible only if the 5 accounts belong to your immediate family. If they are your family accounts, yeah you can get registered with us as an Authorized person and get dealer terminals. Hi Nithin, how can it be beneficial for an individual trader in dividing the capital amount and trading via 5accounts.
Yeah it is painful to trade on multiple accounts, but there are people who keep funds distributed in family members accounts to plan the taxes better.
Thank You Nithin for the reply and will do it at the earliest. Should i undergo any exam like Nism. Series Viii on this lin k. Thank you for sharing these success stories with us Mr. These interviews are very encouraging and uplifting. Its really nice to see that you are really for trading and trading is really for you. It is a fact that we see a lot of people from engineering background and trading succeessfully for the complexity handled by the brain on the path of education and it is natural though not so obvious to see engineers succeed.
But time and again the world have seen many examples who have no formal education to interwind the brain but they have turned very successful and many really unknown names and still successful. We really need to understand and introspect irrespective of our any backgroung educational,financial interest and whatsoever…. Abrar, he just knows very basics of computers, starting a terminal and logging in.
He trades on his own. Truly inspirational real life story. Also, truly gifted to be able to take trades just by looking at the Market Depth window.
I am also interested in options market. But it is very difficult to relate with them. The traders who you interview are more from a similar background and trade in Indian markets.
So their success is truly an inspiration which improve my commitment as a trader. Does Joby short strangle when the market is range bound in his analysis? If so, how does he manage risk? How does he do without keeping stops? Kartik, Joby trades on instinct and it is something you are born with.
There are no stop losses kept, he gets out when he feels it is wrong. I guess the risk management strategy is that the exposure to his networth is quite small.
While you may see this as inspirational story, i see this as promoting bad trading habits. The trader is trading based on his instincts and without a stop loss or any form of trading plan. One of the common reasons for people to blow out is that they bring in too much money on the table and hence are forced to put very tight stops and are trading with scared money, biggest reason for traders to loose money.
That is the reason I have highlighted this twice, even ending the post with: Can I take trade leverage with this 3k? Pl excuse if this is a dumb question. Thats fluke in intraday traders will not get profited but only brokerage firms will get profited. Sahil, the idea is to share what winners do while trading the markets. I guess you have heard about our 60 day challenge, all of them profiled here have all been winners of our challenge consistently.
I have just opened account with your brokerage. One thing which is missing is taking leveraged position in equity beyond intraday. They charge nominal interest for carry forwarding equity position. I wish Zerodha could enable such feature.
Maan, we will not be able to do this but if you want such a feature, we can help you open a margin funding account with ILFS. Once you have the margin funding account, you can keep the stock for as many days with leverage as you want with a nominal interest rate. But margin funding account, would require extra documents. Liked all the comments a lot of information. I love the brokerage. Dear Nitin Ji, Namaste! You are doing an unparalleled work with respect to brokerage! I have lost a huge money in this market even after following some TV-appearing renowned tips providers.
I am in a distressed position now. Would you please help me connect some successful persons coming under days challenge section so that I could get some valuable guidance from them regarding how to trade or go in this market? Dear Nithin, whenever i press F5 button for the option scrips its not showing any values, i contacted your support team also, they are not able to help, will you pls.
If F5 is not working, just double click on that scrip on marketwatch, the marketdepth window opens. Guys do not be inspired with such nonsense. Whom will you believe, Zerodha or Market leaders??? If anyone has read some good books on TA will surely go with me. Is it possible, that 1 person with NO knowledge 2 Trades Options 3 Without stoplosses 4 Never has big losses 5 Without using any tools 5 Emotionally trading.
I have read he made money from option writing and short selling….. As i am a new trader……Can anyone explain me what is short selling? Is it possible for nifty index? I want to know to short selling in NSE. Please can anyone explain with small example…. Or refer any link to understand its full concept….. You can read about shorting here. We will take the module on options live soon on Varsity which will explain about option shorting.
I think the very first reason for his success his passion for trading and discipline to follow his set rules. JOBY, Congratulation you archived your target, hope we all of them to be achieved target as soon as possible.
Hello Nitin Sir, I m Rajiv…a govt.