Prashant Mullick⚡ Profile picture
Mar 12, 2018 19 tweets 8 min read Twitter logo Read on Twitter
Some of my #takeaways & #notes from various #DECMA sessions this weekend. (1/n)
By @madan_kumar
- Build a rock solid trading plan
- Treat trading like a business
- Limit your time spent with the trading business
- Take the extra time that trading allows you to have and spend it with your family
(2/n)
By @Raminations
- Use all experiences positive and negative for building future plans
- Understand the products you are trading to the smallest details
- If a position or trade is giving you sleepless nights, get out of it immediately the next morning.
(3/n)
By @bbrijesh
- Got to know of an alternate way of visualizing market movements
- Hieken Ashi charts take out a lot of noise and show the trend
- Need to read up on these more
(4/n)
By @technovestor
- Position size is king
- A system trading approach can take out a lot of the human emotions that affect trading decisions
- Defense first (GMTA)
- Loved the Chess slide!
(5/n)
By @zzzune
- Fascinating adaptation of the Hieken Ashi candlesticks
- Once again need to explore HA and #ztrend more
- Lots of questions floating in my mind that I will bother Junaid with
(6/n)
By @zafargs79
- Resilience and Conviction can payoff big time
- Interesting use of technical analysis on long time scales
- Learnt concept of Other Time Frame investors from @JainSumeetS & @ProAMTraider that ties in here nicely
(7/n)
I will be sharing my notes from other speakers. Encourage all attendees to share your notes and what you have learnt from each speaker at #DECMA.

Help others gain from your learnings.

Be the #forcemultiplier
By @VohiCapital
- Helps to practice your presentation with a 10 yr old.
- My son wanted to attend and wanted me to use a #chess analogy instead of boxing to discuss defense
- Spoke for an audience after years, a little #nerves but happy to have gotten through it (8/n)
By @MuktaDhamankar
- Technical analysis tools like RSI allow straight directional traders to pick opportunities that can provide higher probabilities of success
- Filed for future exploration
(9/n)
By Mehul Bosamia
- Just floored by the depth of analysis done by Kanti Kaka more than half a century ago.
- The history of this work needs to get out there
(10/n)
By Chandan Taparia
- Big collection of tools that can be used in conjunction with option strategies
- Continue following Chandan's column on ET for the OI analysis
(11/n)
By @nareshbahrain
- Trust your system
- Filter the noise
- Find your path to #tradingzen
- Baaki sab bakwaas!
(12/n)
By @entrepreneur987
- Just awesome collection of breakout patterns
- Be ready to flip position the other way when the breakout pattern fails
- Develop the flexibility to trade breakouts as well as the failed ones
(13/n)
By @RakeshPujara1
- Keep the head calm by keeping your risk in control
- It is a market of emotions so spend time thinking about how your psychology affect trading decisions
(14/n)
By @ProAMTraider
- Another topic I know nothing about - Market Profile
- Learn more about this
- Market of emotions, auctions and more emotions
- Super Mario!
(15/n)
By @ap_pune
- Straddles used to determine market ranges
- Fascinating use of the changing profile of straddles above and below ATM
(16/n)
Missed talk by @Prashantshah267, but will surely catch one of his webinar's to learn more on P&F.
(17/n)
Biggest takeaway:
- Always look for ways to reduce risk in the portfolio. Put all energies in doing that effectively.

#DECMA
(18/18)

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More from @VohiCapital

Sep 16, 2018
Don't get into #OptionsTrading with less than 25L if primary engine is #OptionSelling

2/n
Don't create focus on return in trades.

3/n
Read 20 tweets
Aug 13, 2018
Traders need to check their ledger not daily MTM PNL statements.

Selling of deep ITM options to hide and carry forward losses is a common practice amongst unscrupulous "sub-brokers" illegally managing others money in #OptionsTrading.
There are no mandates from @SEBI_India on allowing "sub-brokers" or any party to trade and manage client funds in #OptionsTrading.

Certainly no mandate to take leverage of the sorts usually taken.
@SEBI_India Even AIF Category 3 norms don't allow leverage upwards of 2.

Beyond that, even an AIF cannot solicit funds from the public openly.

More on these norms here:
sebi.gov.in/sebi_data/atta…
Read 4 tweets
May 29, 2018
The God of #Options #Greeks is often disregarded and has no mercy, especially on #Options #expiration day.

A #Thread on #Gamma.

#OptionsGreeks
1/n
The primary feature of #Options is their non-linear payout.

Most traders understand that #OptionsPricing is dependent on the price of the underlying, but the response is non-linear. #Gamma is the variable that describes this non-linearity.

#OptionsGreeks
2/n
Loosely, if #Delta is the speed of the #Options position, #Gamma is the acceleration.

#OptionsGreeks
3/n
Read 15 tweets
May 27, 2018
1/n
A lot of chatter on my TL about the #edge in #OptionsTrading, specifically #OptionSelling.
A lot of good information but some mis-information being spread as well.

A #thread.
2/n
First off, #OptionSelling by itself is NOT an edge.

Simply by selling an instrument that decays in value over time, doesn't give one an edge towards profit. It is accompanied by short gamma and rising #volatility working "against" you.

#OptionsTrading
3/n
The #volatility #edge or premium expresses itself when the underlying moves "less" than the move that is priced in the options.

#OptionsTrading
Read 17 tweets

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