Advanced Training, All Strategies, Option Strategies Book Review

Book Review – Trade like a Monk

Trendrooster Rating 2 / 5                 Author explains his story in a loosely manner. He has not given any framework, model, explaining the simulation, finding the Importance of system design, sampling, law of large number etc rather you could find the words like “Trust me” or “Believe me” in almost all the pages. If you ever think this as Trading Psychology book, then this is not happening to be a good one. The title of the book is misleading the reader and expectation. Check out the master piece “Trading in the Zone – Mark Douglas” for sharpening your trading Psychology.…Continue readingBook Review – Trade like a Monk

Book Review

Profit from Nifty Options – Art of doing Nothing.

Trendrooster Rating – 2.5/5 This book is all about Options buying, specifically Call option buying. If you are options writer or Option profile trader then this book is not for you. You may be wondering Option buying means, timing the entry by with technical setup, derivate analysis, global ques, special software tools for analysis, highly paid tick by tick data to crunch the numbers to find the option buying anomalies…. well, simply nada (as the book title says). Author suggesting to Buy ITM call option every month – with back tested values. Well, it seems very simple to trade and…Continue readingProfit from Nifty Options – Art of doing Nothing.

Advanced Training, All Strategies, Option Strategies

Book Review – The 30-Minute Stock Trader

Trendrooster Rating 4/5 This book is all about positional system trading. If you are discretionary trader or intra-day trader then this book is not for you. Author emphasise the importance of Automation of trading systems and its advantages. He highlights the long and short systems with-in one portfolio. He also touches the points of psychologies of Automated trader vs Discretionary trader with given example of Brexit. In this book the Author describes 3 trading systems with its back testing results which I don’t see in many books. He also, describes why Trend Trading + Mean reversion (long / Short) to…Continue readingBook Review – The 30-Minute Stock Trader

Advanced Training, All Strategies, Option Strategies

WIT trade Log – April 3rd week 2021 – Put Calendar

16/April/2021 – Friday As per the rule, I was planning to initiate the weekly income trade setup on Friday, but it was not available due to low IV. I had to go with plain vanilla Put calendar. Margin used ~3.5L This is Vega positive trade and theta to vega ratio was just ok. With our past experience, we don’t like to trade vega positive trade for many reasons. However, no choice than go with Plain vanilla put calendar. The profile looks good and it covers the range of 80% 1SD that satisfied me to initiate the trade. 19/April/2021 – Monday…Continue readingWIT trade Log – April 3rd week 2021 – Put Calendar