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Mitesh Bhai Gyan

For intraday 3 min charts

For positional at least 30/75 min charts

First look at daily charts and find direction.

Then look at 60 min chart and find support and resistance and then find the intraday trend and then Thoko.(Daily>60min>3min>Execute)

The biggest mistake of every trader is that they are predicting target and taking trades based on target and that's view is preventing 

them to change as per market direction.

Manage position w.r.t market movement, Deploy capital in phase manner 25-50-75-100%.

Play straddle only when VIX is low, Intraday is different. I do for positional.

For Intraday you have fixed SL, you can use capital as per your risk.

Identify last week range if in current week BN trading near low range sell only calls.

If trading near high sell only put.

If trading in between range sell both call and put.

Strike to sell - select at least 1-2% away strike from high/low range if BN trading in middle If near high sell put at last week low strike.

If at low sell call last week high strike manage the position as the market is moving.

When the range is broken with volume exit loss-making position. Your loss will be less as you are selling 1-2% strike away from the range.

Even after adding if it will start going to opposite  I will cut at C2C and will start selling opposite option with the same rule.

If you will follow this rule you will never be at a big loss.

For overnight position carry a small position or do it with the hedge.

To all option sellers, whenever I am selling option first I am utilizing my 20-25% capital only.

If trade will go against me I will exit my sell position.

I will exit if option double or 2.5X from my sell position.

As initially, I am using only 25% capital I will not lose more max loss I can afford intraday.

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