Option Buying Course By Power of Stocks | EP-2 | English Subtitle |

Summary

In this video, Subasish shares his trading journey, focusing on the importance of psychology and position sizing for big profits in options trading. He discusses his experience of making 2,00,00,000 in intraday option buying, emphasizing the need to aim for significant point gains rather than frequent small trades. Subasish stresses the significance of holding positions for maximum profit and outlines his strategy for identifying trending days. He encourages viewers to learn from his experiences and develop a mindset geared towards capturing substantial profits in their trading.

Takeaways

• 🎯 The video emphasizes the importance of aiming for big profits in trading, rather than focusing solely on small, frequent gains.
• 🧠 It highlights the psychological aspect of trading, suggesting that overcoming fear and greed is crucial for holding onto positions for larger profits.
• 📈 The speaker shares personal experiences, detailing how they made 2 crores in intraday trading by buying options and managing position sizing.
• 📊 The video discusses the significance of understanding market psychology and money management for successful trading.
• 📉 It points out the common mistake of beginners going into 'scalping mode' too early, which can lead to net losses due to brokerage and charges.
• 💡 The speaker advises focusing on capturing large points in the market, which can provide a cushion for future trades and reduce the impact of small losses.
• 📅 The video mentions the strategy of planning for big profits on specific days, such as expiry days, and the importance of understanding market trends.
• 🔍 The speaker encourages viewers to analyze their trading strategies and back-test to see how they would perform with a focus on larger profits.
• 📚 The video promises to cover more on how to identify trending days and plan trades for maximum profit in upcoming videos.
• 🤝 The speaker asks viewers to engage with the content by liking, sharing, and watching related videos for a deeper understanding of trading psychology and strategies.

Q & A

What was the promise made to the subscribers in the video?

The promise made was to prepare another video of the option series if the last video received 15,000 plus likes.

What is the main focus of the video?

The main focus of the video is to discuss how to overcome psychological challenges in trading, particularly when aiming for big profits, and to share insights on position sizing and money management.

What is the significance of the date 15th June mentioned in the video?

The date 15th June is significant because it was the day when the speaker made around two crores in intraday option buying.

What is the importance of understanding psychology in trading as per the video?

Understanding psychology in trading is crucial because it helps in managing the mindset when dealing with big profits and losses, which is essential for successful trading.

What is the strategy the speaker suggests for beginners in options trading?

The speaker suggests that beginners should not focus on scalping but instead aim for big profits by capturing maximum points in the market movement.

Why does the speaker emphasize on capturing big points rather than small profits?

Capturing big points provides a leverage and a cushion of profits, which allows traders to sustain losses in future trades without affecting their overall account balance significantly.

What is the role of position sizing in the trading strategy discussed?

Position sizing is important as it determines the quantity of options to be bought or sold, which directly impacts the potential profit or loss from a trade.

What is the significance of the VIX and strike price in options trading as hinted in the video?

VIX and strike price are significant in options trading as they help in determining the volatility of the market and the price at which an option can be exercised, respectively.

What is the advice given regarding the use of stop loss in trading?

The advice given is to set a stop loss that is reasonable and not too tight, to avoid being stopped out prematurely, and to consider the potential for market movement.

Why does the speaker recommend watching past videos for a better understanding of trading psychology?

Past videos provide detailed insights into the psychology of trading, which is crucial for understanding the mindset required for making big profits in the market.

What is the next step the speaker plans to teach after discussing option buying?

After discussing option buying, the speaker plans to teach option selling and how to identify trending days to capture big profits.