Mistakes

Not staying alive, Risking too much

Blowing Account
Over trading
Random trades
Not waiting till trade entry
Missing out good trades due to random trades
catching the falling Knife

Trading Psychology
1. Trading plan - Trade logic, Entry, exit, stop loss
2. Journal- How much risk per trade, system loss or
psychological
3. Check list - Did you follow the rules as per plan. What
issues were there in execution
4. Expectation realisation (risk capacity, how much you can
digest)
5. Risk management- take defined risk every day for at least
one month then analyse and increase or decrease your risk
capacity.
Takeaway
Thrusday generally Flat
Friday generally trending
Market can go anywhere
Big upmove expected on 9/11 and happened on 11/11
Lost money on 10th and was not alive to mint 11/11
Uptrend generally moves in gapup -->move down--> close on day high

What Worked
10% profit rule worked best
VWAP Entry on option chart with 10% profit and 1:1 R:R.
90% min Accuracy
 Identify trend Price above 50 EMA
C
Area of Value (AOV) Trend line
E Entry Breakout
S SL 50-100 spot price
T Target min R:R- 1.5:1
Pre-conditions Conditions to trade
No Trade without Plan Identify Trend
Max 2 trade a day Identify AOV
Strict SL Previous day OHLC
Realistic Target Last 2 Day HL
If trading OTM, book P/L at first swing Fib levels
no Random Trades
Entry Types

Breakout

Morning Breakout

Pullback

Reversal

5EMA
50 EMA above 200 EMA for uptrend Vice Versa for Down
S&R MA- 50EMA (15Min),200EMA(5Min)
Pullback Reversal (ARDE @5 Min)
close below VWAP,EMA near recent swing low
150 spot price 10% rule done wonders before

Price above MA sets- UP or Vice versa MA sets- VWAP-21&50 EMA, 50&200 EMA
Trend Line- Min 2 touches S&R- Identify areas at D,4H,1H
Imp areas for price to react in intra day
Imp areas for price to react in intra day
Fibonacci levels acts as good AOVs

Price should form NR price action near S&R

NR Breakout entry on the break of structure woth other confluence in
Rectangle, triangle (ascending & decending) favour
Price opens near previous day close
1st 5 min candle < 50
Entry above or below 1st candle
Trade in direction of trend
Wait for price to retrace to AOV after a swing
Wait for entry trigger with candle stick patterns
Check for ARDE reversal signs near AOV
Entry only after entry triggers post recent
high/Low break
So far the best trade strategy
Can be traded on its own @ 15 min pattern Alert candle- Candle along with wick not touching 5EMA
BN target of 150 is recommended with 50-70 SL Entry above the alert candle and exit below
5EMA
 Bullish pressure candle
Bearish pressure candle

up-trend
down-trend
Divergence Rule
Structure break
Strategies
C
E
Bullish pullback
S
T

C
Bearish E
Pullback S
T

C
E
Reversal ARDE
S
T

C
E
5EMA *****
S
T

C
E
2:55
S
T

C
golden cross- E
over rule S
T
Shooting star, morning star, bullish engulfing
inverted hammer, evening star, bearish ingulfing

if 50 EMA above 200 EMA

if 50 EMA below 200 EMA
RSI length 10. Band 70-30. Divergence below/above 70/30.
HH,HL or LH,LL structure break. HL break in uptrend, LH break in downtrend

Trend should be up, Price near AOV (Near 50 EMA @ 15 min or 200 EMA @ 5 min
Bullish pressure candle at 50 or 200 EMA at 5 n 15 min Candle respectively
close below entry EMA or 50 points spot move down
150 points or 1:2 R:R or near recent high

Trend should be Down, Price near AOV (Near 50 EMA @ 15 min or 200 EMA @ 5 min
Bearish pressure candle at 50 or 200 EMA at 5 n 15 min Candle respectively
close above entry EMA or 50 points spot move down
150 points or 1:2 R:R or near recent low

Identify AOV, where price reacted downwards recently. Identify divergence in RSI
Bullish/Bearish pressure candle. Break and close below VWMA 20. 5EMA. Structure break
below/above entry candle or 50 points
150 points or 1:3 R:R or near recent high/low

Identify alert candle in 15 min or AOV

Above/below alert candle
50 points
150 points

identify 2:55 candle color. Next candle should be opposite

50-200 EMA cross, entry at retracement to 50 EMA

bullish/bearish pressure candle
below market structure
at near swing high or 1:4 R:R whatever less
1st half retracement
2nd half breakout
Be Able to Manage Risk
Be Good With Numbers

Have Discipline

Be Patient
Develop a Trading Style
Interpret the News

Be an Active Learner

Be Flexible

Plan Your Trades

Maintain Records
Options are high-risk instruments, and it is important for traders to recognize how much risk they have at any point in time.
While trading in options, you are always dealing with numbers.Greeks, such as the delta, gamma, vega, and theta

To become successful, options traders must practice discipline. Doing extensive research, identifying opportunities, setting up
right trade, forming and sticking to a strategy, setting up goals, and forming an exit strategy are all part of the discipline.You ca
skip your homework and blame the herd for your losses. Instead, you must devise an independent trading strategy that works
order for it to be a successful options strategy.
Patience is one quality all options traders have. Patient investors are willing to wait for the market to provide the right
opportunity, rather than trying to make a big win on every market movement.

It is crucial for traders to be able to interpret the news, separate hype from reality and make appropriate decisions based on t

Conventional wisdom suggests up to 90% of options traders will realize losses. What separates successful traders from averag
ones is successful traders are able to learn from their losses and implement what they learn in their trading strategies. Elite
traders practice…and practice some more until they learn the lessons behind the trade, understand the economics behind the
market and see the market behavior as it is happening.
You cannot stake a claim on the market but must go with the market or leave it when it is not the type that suits you. You mus
accept losses occur and that it is inevitable that you will lose. Acceptance rather than fighting the market is paramount to
understanding, clarity, and finally winning.

An options trader who plans is more likely to succeed than one who operates on instinct and feel. If you don't have a plan, you
will place random trades, and consequently, you'll be directionless.You will also know how to cover your losses or when to boo
profits. You can see how the plan has worked (or not worked) for you. All these steps are essential to developing a strong trad
strategy.
Most successful options traders keep diligent records of their trades. Maintaining proper trade records is an essential habit to
help you avoid making costly decisions. The history of your trade records also provides a wealth of information to help you
improve your odds of success.
ed on this knowledge.
 17-Nov 3 trades 2 good 1 bad

major mistakes
Not booking 40-60% profit. Not having realistic target
due to deep OTM, premium melted even if trade was correct
Last trade without proper entry and planning
Random trade
Lossing 90% of capital

Key Takeaways
2 great trade with 150 target hit
waited in trade to get to the target
bullish pressure entry at 50,200 EMA worked
Date Day time script Entry sl target Actual target R:R

14-Nov Mon 01:00-1:45 42200CE 200 278

18-Jan Wed 11:01-11:25 Nifty 18250 CE 16.55 13.5 24.8 29 1:03

18-Jan Wed 2:15-2:40 Nifty 18250 CE 18 13.5 24.8 25 1:02

19-Jan Thr 10:36- 11:02 Nifty 18150 CE 16.2 35.15 12 42 1:04

20-Jan Fri
logic followed the rules? Comments

Break from market structure

Entry- 5 min close above 50 EMA
AOV- Support from 50 EMA @ 15 min and 42000
Trend - UP, trading in direction

Nifty in strong uptrend as it broke previous day high and forming

HH,LL
Classic Flag and Pole pattern
Entry on upper trendline break
Stop - 12
Good trade as per RR- 1:4
What Better?
Target on 15 min structure. (work on Target)

C- Nifty on strong uptrend, 1st 50 EMA test after strong breakout

(better chance to sustain)
E- twizzer engulfing at 50 EMA
S- Below entry candle, 14 points on spot
T- 1:2, 28 points on spot

C- Trendline break, break from yesterdays level, Nifty in uptrend,

200 EMA support
E- Inside candle break
S- below entry candle
T- Near recent 15 min structure

Didn’t booked the 10 % profit

too many trades
ramdom trades.. Without any plan
FOMO
1/18/2023 Wednesday
1/19/2023 Thr
 42500CE 42400CE
In 9:50 144 185
Out 11:10 160 205
0.111111 0.108108

1:30 136 176

3:20 160 205
0.176471 0.164773
 10% Bal 20%
5000 500 5500 5000 1000 6000
5500 550 6050 6000 1200 7200
6050 605 6655 7200 1440 8640
6655 665.5 7320.5 8640 1728 10368
7320.5 732.05 8052.55 10368 2073.6 12441.6
8052.55 805.255 8857.805 12441.6 2488.32 14929.92
8857.805 885.7805 9743.586 14929.92 2985.984 17915.9
9743.586 974.3586 10717.94 17915.9 3583.181 21499.08
10717.94 1071.794 11789.74 21499.08 4299.817 25798.9
11789.74 1178.974 12968.71 25798.9 5159.78 30958.68
12968.71 1296.871 14265.58 30958.68 6191.736 37150.42
14265.58 1426.558 15692.14 37150.42 7430.084 44580.5
15692.14 1569.214 17261.36 44580.5 8916.1 53496.6
17261.36 1726.136 18987.49 53496.6 10699.32 64195.92
18987.49 1898.749 20886.24 64195.92 12839.18 77035.11
20886.24 2088.624 22974.86 77035.11 15407.02 92442.13
22974.86 2297.486 25272.35 92442.13 18488.43 110930.6
25272.35 2527.235 27799.59 110930.6 22186.11 133116.7
27799.59 2779.959 30579.55 133116.7 26623.33 159740
30579.55 3057.955 33637.5 159740 31948 191688
33637.5 3363.75 37001.25 191688 38337.6 230025.6
37001.25 3700.125 40701.37 230025.6 46005.12 276030.7
40701.37 4070.137 44771.51 276030.7 55206.14 331236.9
44771.51 4477.151 49248.66 331236.9 66247.37 397484.2
49248.66 4924.866 54173.53 397484.2 79496.85 476981.1
54173.53 5417.353 59590.88 476981.1 95396.22 572377.3
59590.88 5959.088 65549.97 572377.3 114475.5 686852.8
65549.97 6554.997 72104.97 686852.8 137370.6 824223.3
72104.97 7210.497 79315.46 824223.3 164844.7 989068
79315.46 7931.546 87247.01 989068 197813.6 1186882
87247.01 8724.701 95971.71 1186882 237376.3 1424258
95971.71 9597.171 105568.9 1424258 284851.6 1709109
105568.9 10556.89 116125.8 1709109 341821.9 2050931
116125.8 11612.58 127738.3 2050931 410186.3 2461118
127738.3 12773.83 140512.2 2461118 492223.5 2953341
140512.2 14051.22 154563.4 2953341 590668.2 3544009
154563.4 15456.34 170019.7 3544009 708801.9 4252811
170019.7 17001.97 187021.7 4252811 850562.2 5103373
187021.7 18702.17 205723.9 5103373 1020675 6124048
205723.9 20572.39 226296.3 6124048 1224810 7348858
226296.3 22629.63 248925.9 7348858 1469772 8818629
248925.9 24892.59 273818.5 8818629 1763726 10582355
273818.5 27381.85 301200.3 10582355 2116471 12698826
301200.3 30120.03 331320.4 12698826 2539765 15238592
331320.4 33132.04 364452.4 15238592 3047718 18286310
364452.4 36445.24 400897.7 18286310 3657262 21943572
400897.7 40089.77 440987.4 21943572 4388714 26332286
440987.4 44098.74 485086.2 26332286 5266457 31598744
485086.2 48508.62 533594.8 31598744 6319749 37918492
533594.8 53359.48 586954.3 37918492 7583698 45502191
586954.3 58695.43 645649.7
645649.7 64564.97 710214.7
710214.7 71021.47 781236.1
781236.1 78123.61 859359.7
859359.7 85935.97 945295.7
945295.7 94529.57 1039825
1039825 103982.5 1143808
1143808 114380.8 1258189
1258189 125818.9 1384007
1384007 138400.7 1522408
1522408 152240.8 1674649
1674649 167464.9 1842114
1842114 184211.4 2026325
2026325 202632.5 2228958
2228958 222895.8 2451854
2451854 245185.4 2697039
2697039 269703.9 2966743
2966743 296674.3 3263417
3263417 326341.7 3589759
3589759 358975.9 3948735
3948735 394873.5 4343608
4343608 434360.8 4777969
4777969 477796.9 5255766
5255766 525576.6 5781343
5781343 578134.3 6359477
6359477 635947.7 6995425
6995425 699542.5 7694967
7694967 769496.7 8464464
8464464 846446.4 9310910
9310910 931091 10242001
10242001 1024200 11266201
11266201 1126620 12392821
12392821 1239282 13632103
13632103 1363210 14995314
14995314 1499531 16494845
16494845 1649485 18144330
18144330 1814433 19958763
19958763 1995876 21954639
21954639 2195464 24150103
24150103 2415010 26565113
26565113 2656511 29221624
29221624 2922162 32143787
32143787 3214379 35358165
35358165 3535817 38893982
38893982 3889398 42783380
42783380 4278338 47061718
47061718 4706172 51767890
51767890 5176789 56944679
56944679 5694468 62639147
62639147 6263915 68903062
 1000 100 1100
1100 110 1210
1210 121 1331
1331 133.1 1464.1
1464.1 146.41 1610.51
1610.51 161.051 1771.561
1771.561 177.1561 1948.717
1948.717 194.8717 2143.589
2143.589 214.3589 2357.948
2357.948 235.7948 2593.742
2593.742 259.3742 2853.117
2853.117 285.3117 3138.428
3138.428 313.8428 3452.271
3452.271 345.2271 3797.498
3797.498 379.7498 4177.248
4177.248 417.7248 4594.973
4594.973 459.4973 5054.47
5054.47 505.447 5559.917
5559.917 555.9917 6115.909
6115.909 611.5909 6727.5
6727.5 672.75 7400.25
7400.25 740.025 8140.275
8140.275 814.0275 8954.302
8954.302 895.4302 9849.733
9849.733 984.9733 10834.71
10834.71 1083.471 11918.18
11918.18 1191.818 13109.99
13109.99 1310.999 14420.99
14420.99 1442.099 15863.09
15863.09 1586.309 17449.4
17449.4 1744.94 19194.34
19194.34 1919.434 21113.78
21113.78 2111.378 23225.15
23225.15 2322.515 25547.67
25547.67 2554.767 28102.44
28102.44 2810.244 30912.68
30912.68 3091.268 34003.95
34003.95 3400.395 37404.34
37404.34 3740.434 41144.78
41144.78 4114.478 45259.26
45259.26 4525.926 49785.18
49785.18 4978.518 54763.7
54763.7 5476.37 60240.07
60240.07 6024.007 66264.08
66264.08 6626.408 72890.48
72890.48 7289.048 80179.53
80179.53 8017.953 88197.49
88197.49 8819.749 97017.23
97017.23 9701.723 106719
106719 10671.9 117390.9
117390.9 11739.09 129129.9
129129.9 12912.99 142042.9
142042.9 14204.29 156247.2
156247.2 15624.72 171871.9
171871.9 17187.19 189059.1
189059.1 18905.91 207965.1
207965.1 20796.51 228761.6
228761.6 22876.16 251637.7
251637.7 25163.77 276801.5
276801.5 27680.15 304481.6
304481.6 30448.16 334929.8
334929.8 33492.98 368422.8
368422.8 36842.28 405265.1
405265.1 40526.51 445791.6
445791.6 44579.16 490370.7
490370.7 49037.07 539407.8
539407.8 53940.78 593348.6
593348.6 59334.86 652683.4
652683.4 65268.34 717951.8
717951.8 71795.18 789747
789747 78974.7 868721.7
868721.7 86872.17 955593.8
955593.8 95559.38 1051153
1051153 105115.3 1156269
1156269 115626.9 1271895
1271895 127189.5 1399085
1399085 139908.5 1538993
1538993 153899.3 1692893
1692893 169289.3 1862182
1862182 186218.2 2048400
2048400 204840 2253240
2253240 225324 2478564
2478564 247856.4 2726421
2726421 272642.1 2999063
2999063 299906.3 3298969
3298969 329896.9 3628866
3628866 362886.6 3991753
3991753 399175.3 4390928
4390928 439092.8 4830021
4830021 483002.1 5313023
5313023 531302.3 5844325
5844325 584432.5 6428757
6428757 642875.7 7071633
 7071633 707163.3 7778796
7778796 777879.6 8556676
8556676 855667.6 9412344
9412344 941234.4 10353578
10353578 1035358 11388936
11388936 1138894 12527829
12527829 1252783 13780612
 10% Scalping Rule
Plan for daily 1 trade
Trade Morining window Trade (9:30 - 11:30)
Plan maintain R:R in terms of option value
Risk- 5 %, Reward- 10%, Accuracy- 90%
Strategy 9:20 strategy, Bullish/bearish breakout/pullback, 5 EMA

Resolutions
No Mobile trading
Be available in Market
Maintain Journal after each trade
Back test each strategies and figure out month drawdown
No over trading
No random trades
No FOMO, guilt on leaving the tables
20 % min trade plan
Spot's Price action trading rule
Plan trade on min 15 min TF
Wait for market to provide an opportunity. (Plan weekly 4 trade)
Maintain min 1:3 R:R in terms of Spot price
Risk- 50 BN, 25 N,F-N Reward- 150 BN, 70 N n F-N
5 EMA @ higher TF, Golden-cross over, ARDE

Market observations/Learning
Market can go anywhere
Don’t predict rather react
Follow the trend
option premium will melt if market moves slowly in same dir
need to catch momentum
Have strict SL
SL is the most imp thing in trading
Protect your capital and stay in market for long to get reward
Market will always give a second chance. Wait for it
High Risk/High Reward Game
2:55 Trading Rules
Wait for 2:55 candle to close
Next candle should be opp direction of this
Maintain option percent as R:R
maintain 1:3 R:R (Backtest pending)
2:55- Alert candle

Continious Mistakes
Random Trade
Not Booking Profit
Having unrealistic greed/target
OTM premium decay
Blowing Account
Day Date Spot Index Entry Entry 1st Swing Target Strategy Target
Friday 10-Feb BN U-B 9:16 41470 41600 41650 41620
Friday 10-Feb N No Trade
Friday 10-Feb F-N U-B 9:16 18480 18536 18560 18555
Thr 9-Feb BN
Target Time SL < T Retest to 50 EMA TT
10:00 N 3 times before target CE

11:20 N 6 times before target CE

Day Date Spot Index Entry time Entry Type 1st Swing
Monday 24-Apr FN U-F 9:48 Scalping 18-20%
FN Bullish cross-over with 50 EMA re-test @ 5 Min 11:15 Swing NA
Target Strategy Target Target Time SL < T Retest to 50 EMA TT
40 points NA 9:51 N CE
NA 100 points Bad Entry/ Should have waited for 50 EMA re-test