Option Buying Course By Power of Stocks | EP-2 | English Subtitle |
Summary
TLDRIn 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.
Outlines
📈 Overcoming Trading Psychology for Big Profits
The speaker, Subasish, starts by expressing gratitude for the audience's support and mentions a promise to create more content if the previous video reached 15,000 likes. He introduces the topic of the video, which revolves around the psychology of trading and achieving significant profits. Subasish shares his experience of making 2 crores in intraday trading through option buying. He emphasizes the importance of understanding the psychology behind holding positions and managing money. He outlines the video's agenda, which includes a deep dive into trading psychology, setting up trades, scalability, VIX, and understanding strike prices. Subasish recounts a specific instance of his successful intraday trade on June 15th, where he made a substantial profit. He discusses the common mistake of getting into scalping mode too early and stresses the importance of aiming for big profits to offset the costs of trading. He concludes by encouraging viewers to watch a detailed live trading recording and to understand the significance of capturing large points in intraday trading.
💹 The Habit of Earning Big Points in Trading
Subasish continues his discussion on the mindset required for successful trading, focusing on the importance of earning big points rather than small profits. He explains that consistently making small profits and incurring small losses can lead to a net loss over time due to trading costs. He shares his own experience of making a significant profit by holding onto a position until it reached a high value. The speaker also touches on the concept of scalability, suggesting that as traders grow, they should aim for larger profits. He provides an example of a successful trade where he sold a call option and made a profit of ₹500. Subasish emphasizes the need to develop a habit of capturing big points to sustain in the market and avoid drawdowns. He also hints at future content, promising to discuss how to identify trending days for capturing large points and the psychology behind holding onto trades for big profits. He concludes by advising viewers to watch the video series to understand the trading psychology and to practice capturing big points in their trades.
🚀 Capturing Big Profits and Setting Up for Success
In the final paragraph, Subasish encourages viewers to reflect on their trading strategies and to consider the outcomes of aiming for big profits over multiple trades. He suggests backtesting one's trading setup to understand the potential impact of capturing significant points. The speaker expresses his hope that viewers enjoyed the video and asks them to like and share it. He also reminds viewers to watch the previously mentioned videos for a deeper understanding of trading psychology. Subasish concludes by reiterating the importance of setting up for big profits and the psychological aspects of trading, hinting at further discussions in upcoming videos.
Mindmap
Keywords
💡Option Series
💡Profit
💡Psychology
💡Position Sizing
💡Scalping
💡VIX
💡Strike Price
💡Intraday
💡Milestone
💡Option Buying
💡Trailing Stop
Highlights
Introduction to a new video on options trading series with a focus on psychology and money management.
Emphasis on the importance of understanding psychology and position sizing for big profits in trading.
The speaker shares their personal experience of making 2,00,00,000 in intraday option buying.
Discussion on the psychological aspect of holding positions and the challenges faced by traders.
Advice on not getting into the habit of scalping in the initial stages of trading options.
Highlighting the fact that small profits from scalping can lead to net losses in the long run due to costs.
The strategy of aiming for big profits and the impact it has on the trader's account and confidence.
Explanation of how capturing big points can provide a leverage and cushion for future trades.
The concept of setting stop losses and the importance of not letting the market go to zero.
A detailed walkthrough of a specific trading day where the speaker made significant profits.
The significance of the expiry day in options trading and the speaker's strategy for such days.
The speaker's approach to planning trades and capturing big profits on specific days.
Advice on focusing on earning big points rather than small profits and the benefits of this mindset.
Encouragement for viewers to watch previous videos for a deeper understanding of trading psychology.
The speaker's promise to cover more on how to identify trending days and plan big profits in future videos.
Final thoughts on the importance of setting up for big profits and the role of experience in trading.
Transcripts
Hello friends welcome back to my channel
This is Subasish
As I had promised you had given 15,000 plus like in last video
So now I'm going to prepare one more video of option series for all of you
This video is interesting because
Forget the prophet but you will have to understand that
When we talk about big profits
At that time intact the psychology a bit
Or holding position sizing
It is difficult
But as a trader how do I overcome that
And what learning you will get from this
First you learn that
Because I want that as I told you in the series
This is the second part of our video
In which way I made 2,00,00,000 an option buying in intraday
Then psychology and money management
You might be able to see the schedule on the screen
We will complete it in that way
First we will understand psychology in detail
After that slowly set up
And after that scalability , VIX
Strike price we are going to discuss all the things
So we will start the video
I'm going to tell you in detail
This date was 15th June when in intraday
I had made around two cr
okay
So I will take you to the screen you might be able to see the screen over here
So if you will see this once you might be able to see 15th June over here
Somewhere around endless you might be able to see verified
I had got the prophet something around 2,00,00,000
If you have still not seen this video
Then I will recommend you to see it in details in live trading recording
I had told at that time
Watch the video 15th June
2 Cr, I will do one thing
In description box or in end screen
Or I will put it in the comment box
So that what will happen is
I have made a series of milestone
In this channel go and watch that
Many points will be clear to you
First we will see over here
You might be able to see 43,900 PE on the screen
Over here I had purchased 40,500 quantity
In ₹82
And 404 was the last traded prize
And at that time I was getting the profit something around 1,00,00,000
You might be able to understand that I had purchased in 82
And I was holding it till 400
Just now I'm going to teach you this thing only
Because what happens is
Mind setup we think that we will do option buy
We will do option sell
An option buying many people do this mistake
In the beginner stage
They go in the scalping mode
Scalping no doubt is very interesting you should do scalping
but imagine if big profits are not there in your portfolio
Then what will happen is that you earned small profit in scalping
Then you gave small losses in scalping
If you will see in the longer run
Then you will be in net to net losses
It is a fact
Because brokerage is there charges are there there are many things
Until you do not have an area and profit point Wise
Then how will you play around
That means let's say in one month or two month
You need a big profit what will happen with that
That day also I had told you in the video
That if I have earned 2CR in option buying
Then this is not my pure profit
Because it is possible that after that I will take risk on it
And I will take a trade there it is possible that I might incur losses
There it is possible that that account will grow
Now imagine over here you might be able to see in the chart
Around 80 somewhere around this range I had purchased
And let's imagine if we keep stop loss even of ₹50
Somewhere below this 50
I don't let it happen zero you know that
And if there will be sl below this candle
There would be SL of somewhere around 30 or ₹40
But we will consider that there was SL of 50RS
From your market went up to 280
You might be able to see off 43,900 PE
I am showing you the charts so that you can understand it in detail
If I have purchased in the average price of ₹80
And market has reached up to 200
If many people are purchasing in 80
It has reached 200 so the account has become double the money has become double
The book it to square off
But my intention is that if you want the target then there can be big profit
And there is a reason behind big profits
I will tell you
And after that I was holding it
And then after one o'clock when it gave breakout
Somewhere around 400
425 and 435
I booked the profit over there total in my account 2,00,00,000
In the same intraday
I got the profit
Now you might be able to understand that
Now imagine over here
More than 300 or 350 points
I earned in option buying
It was possible that I would have purchased two lakh quantities over here
If I would have got even 100 points
Then also it could have been 2,00,00,000
But always where is my focus
How much point total I can capture in intraday
How many points we can capture
Because if today you are capturing 300 points
Tomorrow morning you already have leverage of 300 points
You already have cushioned you already have profit
You can take trade on that
Even if you will incur loss of hundred points
Then still you have 200 points
But if you have earned 50 points today
On that brokerage slippage
There are many things
Then when you will trade tomorrow morning
Every time it might be coming in your mind that
We cant keep SL of 50 points and if it goes 100 points
Then yesterday's profit has also gone
And today also you are not going to get any money in profit
I hope you are able to understand this point
So my intention of telling is
You will have to set for big profits
My account has always grown because
I set for big profits
And I am setting up my mind because
Whenever there is 50,00,000 or 1,00,00,000 in my account
At that time I capture big profits
What do people do
Big quantity small points
What do I plan is
Quantity will increase today or tomorrow
Your confidence will increase your money will increase
Then it will increase
But if you have learned to earn points
Then you cannot get out from the market
Now if I have owned 350 or 400 points from here
Let's say if 10 stop loss are hit in the market
Of ₹50
Then I will incur loss of ₹100 or ₹150
If you earned 30 or ₹40 and there are losses for continuous 10 days
Then your account size will be negative
Or you will go in the drawdown phase
This point is clear
Find from first only I have this habit
That is why I want to teach you this habit
And you can trade on this mindset only
First I told you that we will understand the game
First we will understand what is option buying
After that we will slowly move ahead our steps
In which way psychology, setup
Option premium everything
Over here I'm showing you one more example
The day on which I had first made one cr
At that time I had earned an option selling
You think yourself as a trader
I don't care about whether it is buying or selling
I always focus on that
How many points I am getting
This is the buying series we are focusing a bit on buying
After that if we get 15,000 plus likes
Then I will also upload its next part
And after that when this series will get over
Then after that we will also make one series on option selling
So that all the beginners can learn slowly
After that we will be able to decide
Weather stock marketers for them or not
If we will see over here
You might be able to see
I had sold a 38,300 call
It is before one or 1.5 years
But I'm just telling you that whenever I had earned profit of 1,00,50,000
It is not because of 50 points or 100 points
I earn big points then only I earn profit
I always aim that
I should capture big points the quantity size will increase today or tomorrow
Because as you will become a trader
The account size will keep on increasing
If you learn to earn big profits
Or if you learn to sustain or hold
Because many people face this issue only in intraday
They are not able to hold big profits because
Because they don't have this habit
I will tell you slowly that how you can make it a habit
Which will be helpful to you
In this case if you will see
I had sorted in price 553
I covered in ₹4
I covered ₹500
You might be able to understand
I purchased it around 82 and I covered it around 400
Over here I had sold it for 500
₹400 this means
I had profit of ₹500
Tomorrow morning if I will go to do option selling
And if I incur loss of 200 to 300
Then also I will have profit
Tomorrow morning if I will go to do option buying
And there is loss of hundred to 200 points
Then also I can have profit
That is why I say that
If you are in bigger stage
First focus to earn a bit big profits
Once you will have this habit
After that according to the skill
I will also teach scalping don't worry in this series
We will learn it slowly
Then you can also plan scalping in this
Now the next question which might be coming in everyone minds is
Sir how did you come to know that, that day can be trending
Because if it is trending then only we can capture 400 to 500 points
Or so how did you come to know that today we have to hold
Or we have to trail or how did you decide the target ?
this question might be going on in many peoples mind
If we will get 15,000 plus like then we are going to do discussion on this only in the next video
The name of topic will be wait for your day
How do I plan this
I planet in a very simple manner
If you will listen to the logic then you will also be interested
But till then create a mind setup
Start going to the screen and watching
Or start watching in your trading journal
That if you are earning big profits or big points
You are earning maximum points
Then what could be its effect
You just have to focus this right now
Next week when I will make it in the video
Then we will talk in detail about it
In which way do I plan that which day can be trending
And 15 June was a expiry day
Why do I plan big profit on expiry day only
We will do the discussion in detail
So that what will happen is your mind setup psychology will increase slowly
So what did you get the take away point in this video
If you're planning this option buying in initial stage
Then don't think and come that
I want to do scalping
Scalping is a part of option buying
But set this in mind that
One day I want to take big profits
Or I want to take maximum points
You may trade in 1 lot or in 10 lots
That Does not matter
But if your mind becomes ready once for the maximum points
That if market is moving me to 1000 points
In that if I am capturing 500 or 600 points
Then also I can sustain because
It will give me leverage
Once whenever you do big profits
After that even if you incur loss for two or three times
Then it will be slowly covered
You're not going to face problem
Small profit and small losses
It will keep on happening in Scalping
And you should do scalping only when
You have got experience of three to four months
Or you have got positive experience of five to 6 months
So that what will happen is when you see a small momentum
I will trade
But if you will do it in the beginner stage
Slowly the capital will eroute
And I don't want that
once you've got big profit in your hand
Then your psychology will work that
Unnecessary there is no need to take 10 trades
If I'm getting a big profit in two to three trades
Then also we can sustain
I hope you are able to understand this point
In the end I will tell you this only
Make sure that both the videos that I had told you
You have to go and watch that video
You will understand in detail
In which way the psychology works
And once you have to go as I had given the homework last time
I had asked for three promises
Now I am telling you
You just go and see into the system
Whichever is your setup
No issue
But see in the setup that if you are sitting for big profits
What would have happened after 20 trades
What would have happened after 30 trades
You just have to back test a bit
So you will get a fair idea
after that I will tell you in the next video
In which way we can capture big profits
On which day I target a bit
As a option buyer
Let's say to capture big profits
I hope you liked this video
If you liked the video then like and share it with your friends
This is all for now
thank you
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