Well now alot of influencers are getting their SEBI RA license and now they have their own channels with their own courses. Dhan also has UpSurge where there are mentorships. The main thing which i do not understand is how these steps from SEBI help in making sure that the people do not have FOMO? The fact that Avadhut Sathe made INR 601cr from selling courses says that till the time there are buyers of such courses, there will always be sellers and I believe there is no stopping it. In my opinion, there should be a complete ban on such content and there should be institutions licensed by SEBI to teach a stock market course(similar to a college course) with a proper curriculum approved by SEBI. Anyone passing such a course should be given a valid certificate.
Exactly there is no stopping as you know there will always be buyers and hence a seller will open the interest . Hence a complete ban just like the currency trading ban is the only solution. SEBI Registered RAs and IAs can work directly with the client with an appropriate legal agreement but doing any online content about stock analysis, weekly analysis, OI analysis, Sector analysis should be banned.
Dream sellers are always there but one who buys dream is questionable?…..Everyone want quick rich scheme.
I remember famous Warren Buffett’s words '‘The stock market is a device for transferring money from the impatient to the patient”. Honestly this works.
@Goal_Archiver this seems to be the strategy u were talking about
Let me break this down - It is not fully clear. Let me explain.
Daily ATM selection or Fixed ATM for the week. He seems to prefer Fixed ATM per week.
Entry if at 9:20 or anytime during the session when the current ATM straddle premium close is below the VWAP and below the previous day low of straddle premium on 5 min or 15 min timeframe. He uses 5 min in his laptop example so let’s lock on 5 min.
No entry if it is too much below previous day staddle price . Wait for pull back and sell. Now the quantum of dip and pullback is not clear.
Stops out everytime the straddle price closes above VWAP.
Reentry after stop if again the straddle premium close is below VWAP and previous day straddle low price.
Now this strategy is not a plain 9:20 straddle and hence cannot be easily tested on a standard option backtester platform. Also Nifty expiry has moved to Tuesday now and before for many years and in the video it was Thursday.
So how can we test ? If you can get me clarity on Item 3, we can use Dhan api to fetch historical option data, write code and test this.
Also let me explain the risk in this
If we are waiting for close above VWAP for exit without explicit stop then when the market moves fast the loss could be “significant” and not “small” by the time candle closes and exit happens. Safest strategy will be now riskiest with significant loss. 20 Point SL in the thumbnail is an eyewash. Devil is in the detail. We can say that without a backtest. If a fixed 20 point SL was set then in the few examples that we saw the profit would have been significantly less like in the last entry in the video where the candle wick went above VWAP but it is ignored as close above VWAP is only considered.
We need to constantly keep watching for entry and exit which may be difficult if this is not the primary activity or among all the other events in life. So without algo mode it can be difficult to implement manually.
Trading Loss-₹6.19 crore
Course Revenue-₹601 crore
Loss of ₹6.19 crore
Retail traders lose money chasing these illusions.
. Hence a complete ban just like the currency trading ban is the only solution. SEBI Registered RAs and IAs can work directly with the client with an appropriate legal agreement but doing any online content about stock analysis, weekly analysis, OI analysis, Sector analysis should be banned.
