Full transcript
PreCap
0:00If we venture into BTST within stock
0:02options , we're definitely seeing very
0:04good returns .
0:05What's the difference in mindset
0:06required for BTST and swing trading ?
0:08BTST since it's algorithm-based . I'll
0:10rate its difficulty level . The best
0:13part is the strategy means you don't
0:15even need to wait for the next day . It
0:18will give you good returns on the same
0:20day , even before 3:30 . Every day , on a
0:23good platform , I see which stocks are
0:26in highest demand . This video is very
0:28useful for traders who are working .
0:31What you're talking about is the wick
0:33in the cash market , or the wick you saw
0:35in the options charts through the
0:36solution .
0:37No , sir , I'm talking about British
0:41traders who say , " Sir , one trade per
0:43day , and over your day . " With folded
0:45hands , I request you to ignore those
0:47stocks about which news comes . Because
0:49news is a time that 90 % of traders take
0:53as a given , thinking it's time to buy .
0:56Big players don't buy on good news . Hi
1:04guys , welcome to Dhan . Welcome to
1:06today's masterclass . Friends , there are
1:09many trading styles in this market , but
What Is BTST? Sniper Trading Explained
1:12one is called the sniper trading style .
1:15Swing trading . I'd say all two trading
1:18styles have their own unique qualities .
1:20But swing trading gives you a great
1:22opportunity to think and think . You get
1:24time . Investing in positional trading
1:27gives you plenty of time . But there's
1:29one thing you don't have time for :
1:31option buying . One thing you don't have
1:34time for is BTST trading . Friends , this
1:37is called the sniper trading style , and
1:40very few people in the market have
1:42mastered it . And fortunately , today ,
1:44one such SEBI-registered research
1:47analyst has given us the time to share
1:49the full details of how he follows this
1:51sniper trading style . With us today is
1:54Dr. Gokul Chhabra . Dr. Gokul Chhabra
1:57has been in the market for over five
2:00years , practicing option-buying BTST
2:02and following precise trading styles
2:05where accuracy is paramount . Meaning ,
2:10he's an expert at catching sharp
2:12momentum , and today , he's with us , Dr.
2:14Gokul Chhabra of Dil Se Trader . So ,
2:16with your permission , I'd like to
2:18invite Dr. Gokul Chhabra on screen now .
2:20Dr. Gokul , first of all , I welcome you
2:22wholeheartedly , as that's the name of
2:24your channel , so I welcome you in the
2:26same way . And genuinely , I've seen your
2:29posts , and whatever work you do , you do
2:31it with all your heart . Very few people
2:34in the market master BTST . So , my first
2:38question is , rather , before I come to
2:40you with a question , I'd like to inform
2:42our viewers that please don't try to
2:44watch our masterclass today on your
2:46mobile phone . Try to use a laptop , PC ,
2:49desktop , or tablet . And apart from this
2:52, sit with Dhan Charts open . Open Dhan
2:55Option Trader Web . Open Dhan Power
2:58Scalper . Because the things you're
3:00going to learn here today , you've
3:02probably never learned in any other
3:04masterclass . I'm telling you this very
3:07genuinely . So , now I invite Dr. Gokul
3:09here again . Dr. Gokul , thank you so
3:11much for giving us your time today and
3:13for taking time out of your business
3:14schedule . And most importantly , you
3:16mentioned that you're going to share
3:18all the knowledge you've accumulated
3:19over the past several years with us . So
3:21, first of all , thank you so much for
3:22welcoming me , Himanshu . First of all ,
3:24thank you so much for welcoming me . And
3:25I think no other host can always give
3:28such a powerful introduction as you .
3:30No , you deserve it , so
3:31thank you so much for inviting me and
3:34giving me another opportunity to speak
3:36with our audience . Thank you from the
3:38bottom of my heart for that .
3:39We put our heart and soul into any
3:41analysis . You must have seen this in
3:43our social media posts , and today , for
3:45all our viewers watching on Dhan , I'm
3:48going to talk about BTST , as you
3:50mentioned . I've brought an envelope ,
3:53and inside this envelope is something
3:55written that will probably surprise
3:57everyone : the power of BTST . If I had
4:00to define BTST in words , I'd have
4:02written something to define it . I think
4:05the majority of traders don't
4:07understand the concept of BTST . I think
4:09everyone knows what intraday trading ,
4:11swing trading , and positional investing
4:12are . But many traders don't know about
4:15BTST ( buy today , sell tomorrow ) . So ,
4:18I'm opening this envelope and I want
BTST vs Intraday: Risk vs Reward
4:22you to read it all over the screen , sir
4:25.
4:26I want to show it here . Sir , it says
4:29something like , " BTST trading is 10
4:31times easier and gives two to three
4:34times more returns than intraday
4:36trading , but it has one problem . " Now ,
4:39what is this problem ? We'll discuss it .
4:41Thank you so much for this , sir . I'll
4:43remember this . BDST trading has been an
4:46area of my interest for many years ,
4:48because I don't know how accurate your
4:51statement is . Of course , you're a
4:52practitioner , so you'll know . But I do
4:54know that you carry just one day's risk
4:56overnight , and that can make you a lot
4:58of money because gap-ups and gap-downs
4:59are very frequent in the Indian market .
5:02Before we continue in the video , I need
5:04to tell you something very interesting .
5:06If you want to better plan your MTF
5:08trades and eliminate all the guesswork
5:11from your setup , we've created a
5:13completely free MTF trading Excel sheet
5:16that will handle all the calculations
5:18for you . This sheet will tell you how
5:21much MTF leverage you can use based on
5:24your capital , risk appetite , stock type
5:26, and investment horizon . What should
5:29be your total position size ? What would
5:31be the ideal stop-loss based on trading
5:33rules ? What would be your maximum risk
5:36if the stop-loss is hit ? It will also
5:39clearly show you the actual impact of
5:41leverage and your overall risk level so
5:43you can make an informed decision
5:45before each trade . So , pause this video
5:48now . Create a copy of your free Excel
5:50sheet by filling out the Google Form
5:52link provided in the description . And
5:55without further distraction , let's
5:57return to our topic .
5:59So ,
5:59gap-ups and gap-downs in the Indian
6:01market are a major concern for many
6:03traders and analysts , especially those
6:05carrying
6:06overnight positions . Global risks have
6:08a significant impact . What uncertainty
6:10will there be in the overnight market ?
6:12Currently , there's a war situation .
6:13There's talk of US-India trade deals .
6:16There's talk of a US-Iran war truce .
Why BTST Is Ideal for Working Professionals
6:18Sometimes it's dropped . So , there's
6:19definitely a volatility factor . Because
6:22of gap-ups and gap-downs , traders often
6:24fear what the next morning holds .
6:26There's anticipation and curiosity . But
6:29for many smart traders who probably
6:31don't know about BTST , they miss
6:34opportunities .
6:35BTST videos are especially useful for
6:38those traders who are employed or in
6:41business and cannot devote much time to
6:45the market . I'm telling you literally ,
6:47you need less than 40 minutes a day and
6:50you can master BTST . The best thing
6:52about BTST , sir , is that your stop loss
6:55is definitely very difficult to place .
6:57I'll explain the problem I've written
6:59about . But if you're using two stop
7:02losses and three targets , even if your
7:05win ratio is poor , your returns are so
7:08high . You can see so much of the gap up
7:11and gap down that they compensate for
7:12all your losses . What I
Risk-Reward Is More Important Than Win Rate
7:14mean to you is that we're not playing
7:15by win rate here ; we're playing by
7:17risk-reward ratio here . By risking ₹
7:191 , we earn a reward of ₹ 3 , ₹ 4 , or
7:21whatever your number is . And it's not
7:24necessary that we win 90 % of the time .
7:25We might only win 50 % of the time . But
7:27the risk-reward ratio will be good . As
7:29far as options buying is concerned ,
7:32even 90 % is impossible . It's
7:34all a game of risk-reward , and BTST is
7:36just one variation of that . Now , how is
7:38this 10 times easier ? I'll definitely
7:40talk about why I think it's better than
7:42intraday . There's a major problem with
7:45this , which I'll definitely try to
7:47address and how to overcome it .
7:50Everything has a problem , so there will
7:51be a session . Obviously , there's a
7:53session for that too . I'll try to
7:55provide that to my audience here . Sir ,
7:57but before we get into the strategy ,
7:59I'd like to ask you , as far as I
8:01understand , any trader in the market
8:04starts with intraday , swing trading ,
8:06positions , and investing . I've seen
8:09very few people who started with BTST .
8:12So I'm sure , or perhaps I'm assuming ,
8:14that you too must have faced many
8:16setbacks in the past . After that , you
8:18came to BTST . So the question is , why
8:20BTST ? Why not something else , which is
8:22traditionally what everyone does ? There
Why Stock Options Work Better for BTST
8:23are
8:23two major reasons for me to do BTST .
8:27The first reason was that I was one of
8:29two people who had a strong interest in
8:31the market but couldn't fully commit to
8:33it . I was
8:34busy with other ventures , my student
8:36life , and my other commitments were
8:37preparing for entrance exams .
8:39But this was during the Covid era , when
8:42BTST saw huge gap-ups and huge
8:44gap-downs . Back then , gap-ups weren't
8:46common ; they were rather gap-downs .
8:48Because the Covid situation was ongoing
8:50, and there were always some kind of
8:52reaction , that another lockdown was
8:53imminent . Now , the market was about to
8:55open gap-down again . So , many famous
8:57analysts and writers I used to follow
9:00overnight were buying puts . Obviously ,
9:02you'd be influenced by something to see
9:04the market's potential . Back then ,
9:06there wasn't so much capital . Then I
9:08realized , one by one , we started with
9:10one lot each in Nifty , Bank , Nifty ,
9:12Midcap . After that , I realized that
9:15there was again a lot of manipulation
9:17within Nifty , Bank , Nifty . FII and DI
9:19data would sometimes reveal something
9:20else . One day they'd be buying , the
9:22next day they'd be selling . So , even
9:25that wasn't solidly established . And
9:27this is my second point : what are the
9:29two biggest reasons why I was so
9:31attracted to BTST ? We started
9:33experimenting with BTST within stock
9:36options and realized that it's much
9:39safer . Even though the market index may
9:42experience a large gap up or gap down ,
9:4450 % of the stocks remain sideways . They
9:48open sideways the next day , and the
9:50remaining 50 % open gap up or gap down
9:52depending on the previous day's and
9:55previous week's trends .
9:56So these were the two biggest reasons .
9:58Firstly , there was no time commitment ,
10:00and secondly , I began to see that
10:02venturing into BTST within stock
10:04options would definitely yield very
10:06good returns . You can't simply use
10:08large lot sizes because the quantity
10:10within each lot becomes very high . If I
10:12talk about stock options , for
10:14example , a Nifty lot is worth 65 , or a
10:16Bank Nifty lot is worth 30. Similarly ,
10:19if you buy a Reliance lot , it's worth
10:21somewhere in the 100s . A Don
10:24Technologies lot is also worth
10:26somewhere in the 100s .
10:27So , you can't invest more than one lot
10:29in it anyway .
BTST Mindset & Algorithm-Based Trading
10:30Its risk-reward ratio is much better .
10:32This is one of the reasons I started
10:34venturing into BTST , and I recommend
10:37everyone to try it . First , it will
10:39maintain your discipline . You know , I
10:41only want to take one trade a day ,
10:43even if it's just one lot . So ,
10:45obviously , it depends on capital . The
10:47recommendation is to trade one lot a
10:48day . What about intraday ? You're
10:51hitting your stop-loss on one trade .
10:52Now , you're taking revenge the next day
10:54. What's the point of BTST ? You'll only
10:55find out what happened at 5:15 in the
10:57morning .
10:57After that , you have the whole day to
11:00reset your mindset .
11:02So , now you're planning again . So , this
11:0624 - hour mind-reset period definitely
11:09gives traders an edge in BTST ,
11:11according to me .
11:12Right , right , right . Otherwise , in
11:14intraday trading , we constantly play
11:15games with our minds , or our minds play
11:17games with us . Your point is very valid
11:20. What difference does the mindset
11:22require for BTST and swing trading ?
11:24Then we'll move on to strategy . So , is
11:26there a difference in mindset ? If I'm a
11:28swing trader and I want to move to BTST
11:31, what do I need to lean toward ? Is
11:33there a specific skill I need to learn ?
11:36Is there a specific behavioral skill I
11:38need to develop ? Is there something
11:40like that ? According to me , if a swing
11:43trader scores 10 out of 10 on a
11:46difficulty level , I'd give swing
11:48trading an 8 out of 10. Or maybe I'd
11:52give swing trading a slightly lower
11:54score , say , a 5. I'd
11:56give intraday trading an 8 or 9.
11:59Because it requires high accuracy , high
12:02prediction tools , a high
12:04wind rate , a high risk-reward ratio ,
12:06and very fast execution . I really like
12:10the features they've added to Power
12:12Scalper Option Trader . I think they're
12:15very helpful as a trader . But I want to
12:17give you an inside look at BTST . BTST
Rule-Based Stock Selection Framework
12:20is completely algorithm-based . It
12:23doesn't require any technical knowledge
12:25. Everyone thinks " algorithm " is a good
12:27AI , an algorithm . I'm a non-techie .
12:29What should I do ? No , no , algorithm
12:31means data .
12:32You should follow a set rule . Find some
12:35stocks based on that data . Find some
12:38strike prices . If they fit your
12:40category , your algorithm , you can buy
12:42them without hesitation , and you can
12:45carry them forward in the evening .
12:48What's the difference between swing
12:50trading and intraday trading ? You have
12:51to track stocks .
12:53You have to track indices . You'll
12:56automatically fall in love with them .
12:57When you look at Nifty charts every day
12:59, you'll start to understand Nifty . But
13:02Nifty , as something you devote a lot of
13:07time to , develops a soft corner for it .
13:11It even moves your stop loss , and you
13:13say , " No , I won't give up . " What's the
13:15best thing about BTST ? 225 , almost 225 ,
13:18230 , when we're talking about FAO
13:20stocks here .
13:22So , it could be that today I'm buying a
13:24Merco put overnight ,
13:26and tomorrow I'm buying a BSE call . The
13:30difficulty level of each attachment is
13:32very low . BTST since it's
13:33algorithm-based . I'd rate its
13:35difficulty level at two or three . So ,
13:38it's very easy to carry . You just have
13:41to follow the rules . You just have to
13:43understand that , according to my rules ,
13:45a stock or stock option fits into that
13:47category . It's not necessary that the
13:49next day , I bought a BS call overnight
13:52on May 26th with that same stock option
13:54. So , on May 27th , I might be buying an
13:57Angel One put .
13:58This is an extraordinary feature that
14:01keeps you detached from the market and
14:03helps you take trades based on
14:05algorithms .
14:06No , this is quite surprising because I
14:08was expecting you to say that BTST is a
14:1110 out of 10 because I view BTST the
14:13same way I view option buying , as I
14:15rarely practice BTST myself . But given
14:18the curiosity you've generated , I think
14:19we should jump straight to the strategy
14:21and understand what you've described .
14:23So , let's do one thing : let the viewers
14:25decide whether it's a 2 out of 10 or a
14:2710 out of 10 , and I'll represent the
14:29viewers here . So , explain the strategy
14:31to me , and I'll ask you questions on
14:32behalf of the viewers . And here , I'd
14:34also request the viewers that if you
14:36have any questions , please make sure to
14:38post them in the comments section . We
14:40will ensure that we take time from
14:42Gokul Sir to answer all your questions .
14:44So , I'll take special time from him . As
14:46we accumulate 100 comments , we'll take
14:48an hour from Gokul Sir and then we'll
14:50start answering all those questions
14:51again . Even if we remain busy during
14:54market hours , I have a request for all
14:58our viewers : this video should have a
15:01minimum of 5,000 likes . And the BTST
15:05strategy I'm trying to share with you
15:08is life-changing . I mean , what I'm
15:11explaining , and again , there are many
15:13strategies . No strategy can be 100 %
15:15foolproof . What works for me may not
15:17work for you . It may not work for
15:19someone else . This is a dialogue from a
15:22movie : I'm not scared of the 100 moves
15:24you've practiced once . You , I'm scared
15:26of the one move you've practiced
15:28infinite times and countless times . So ,
15:30I'm definitely giving you this BTST
15:32strategy . But you have to put the word
15:34BTST in your mind and write it in the
15:36comments . Write " I love BTST " in the
15:39comments . What happens with this is
15:41that the Universe manifests what you
15:43write and gives it to you . So , I'm sure
15:46the BTST I'm explaining will help you
15:48in a practical way . Otherwise , you
15:50should try it yourself to see which
15:53BTST strategy is most effective for you
15:55, suits you , and works for you . This is
15:57my special request . I'll
15:59ensure that our viewers will practice
16:00this a lot because our viewers are
16:02actually the people I talk to here ,
16:04whom we meet on YouTube Live . So , they
16:06have started creating their own
16:09strategies . Now , after many
16:10masterclasses , people who have learned
16:12strategies from intelligent people like
16:13you have started building their own
16:15strategies . So , I'm very sure you can
16:17use Sir's strategy as it is . And if you
16:20feel like you need to tweet a minus in
16:22that strategy based on your own
16:24behavior , Sir , what do you want to
16:26tweet ? Please write in the comments .
16:27Gokul Sir will explain whether it's a
16:29logical tweak or not . Sir , should we
Building a BTST Trading Algorithm
16:31start ?
16:31Let's start .
16:32So , as I mentioned , Multiple works on
16:34an algorithm . I'm teaching you how to
16:36develop an algorithm . Algorithms can be
16:39developed manually and can also be
16:41coded . I'm
16:42sure those with a technical background
16:44will try to code it . I'm sure you can
16:46do it and backtest and see the results .
16:48I believe in forward testing more than
16:50backtesting . Backtesting data can
16:53sometimes be misleading .
16:55If I were to say , Nifty has given zero
16:58returns in the last two years .
17:01Now , hearing this , more than half of
17:02traders will be tempted to run away ,
17:03wondering why I even entered the Indian
17:05stock market to invest ? Should
17:06I invest my time elsewhere ? When the
17:08index's two-year return is 0 % , what am
17:11I doing in the market ? I believe more
17:14in forward testing than backtesting .
17:16This doesn't mean traders will stop
17:17investing . Let's say Nifty returns 0 % in
17:20two years . This doesn't mean SIPs have
17:23stopped . It doesn't mean there won't be
17:24any more investments in the market .
17:26This is a phase . It's a fad , and it
17:28will pass . Similarly , if I'm telling
17:30you about a strategy , try coding it .
17:33Try backtesting manually . But
17:35definitely try forward testing as well .
17:36Experiment with your favorite stocks .
17:42The best thing about the rules I'm
17:44giving is that each stock is considered
17:47neutrally , whether it's mid-cap ,
17:50large-cap , or small-cap . If it's listed
17:53as a FNO stock , it will work for
17:55everyone . Whether it's Redo Hatan , LIC
18:00stock , ITC stock , Merico , BS , or Anjal
18:031. Again , you'll have to address the
18:06liquidity issue . We'll discuss that
18:08further . Step number one , I'll take you
18:10to the strategy . Okay ? I'm coming to
18:12Dhan . This is my official website ,
18:15which I'll write here : tv.co. Many
18:17traders don't know this . TradingView's
Finding F&O Stocks on Dhan Charts
18:20TradingView is everyone's favorite ,
18:22brother . Everyone views charts on
18:23TradingView . But there's a
18:24collaboration between Dhan and
18:26TradingView , where you get to see
18:28TradingView's premium features in Dhan .
18:31The biggest feature that personally
18:33helps me a lot is multi-charts . For
18:35example , I can place three charts here ,
18:37or two charts . There are four charts
18:40available , and I wouldn't be able to
18:42set up three charts in the free version
18:44of TradingView . I can do this within
18:47Dhan . Any trader with a Dhan account
18:49can go to TV.com and log in to their
18:51Dhan account . These are TradingView's
18:54sponsored charts . You can check them
18:56out . Another great tool I really enjoy
18:59is the replay feature . It also allows
19:01for backtesting . So what will I do
19:03first ? I'll go to FNO Stocks . Right
19:06here , there's a button that says "
19:08Indices Details . " Here , I'll go to FAO
19:11Stocks . Since we're going to move BTST
19:13under FNO Stocks , we need to know which
19:15FAO stocks are . First , I'll go to
19:18Underline FAO Stocks . The best part is
19:20that you'll also see Nifty 50
19:21segregated stocks and Bank Nifty
19:23segregated stocks . A list of all the
19:25stocks listed in Bank Nifty will appear
19:27. Specifically , are the stocks listed
19:29in Bank Nifty trading in FNO or not ?
19:31Are futures and options available for
19:32them ? Their features will be displayed
19:34here . Then , Nifty's will be displayed
19:35here . We'll go in . We don't buffer
19:37anything right now . Some are large caps
19:39, some are in NIFI , some are not , some
19:40are in mid caps , some are not . I just
19:42explained where we place neutrals above
19:44that . First , I'll go to the underlying
19:46FNO stocks . And this is a list . Now ,
19:48this is 250 , this is 230. That's not
19:50your job to know . They'll look at NSC ,
19:52and this is the broker . Your job is to
19:55list the underlying FNO stocks . And at
19:57255 , I'm going to discuss the strategy .
20:00What's the logic behind the 255 BTST
The 2:55 PM Stock Selection Strategy
20:03Momentum Framework ? At 255 PM , we'll go
20:07to the underlying FNO stocks . On a
20:10daily basis , when the market opens at
20:122:55 , I'll go and click on Percentage
20:14Change . I now have Top Gainers . If I
20:18click here , I get Top Losers . If I
20:20click on Gain again , I get Top Winners .
20:22I'm explaining this again . Don't click
20:23on Change , because change is relative .
20:26Percentage Change is absolute , because
20:28again , it also considers the base .
20:30We've applied a filter to Percentage
20:32Change . As I'm noticing , the market is
20:34experiencing a bit of negative
20:36sentiment these days . While we're
20:37recording this video , the market is
20:39gripped by negative sentiment . So , what
20:41does my psychology say ? If Nifty , Bank ,
20:44Nifty , Midcap are trading negatively , I
20:46mostly want to track the stocks that
20:48are top losers .
20:49Sir , I have a question here . You
20:51mentioned that at this time , when we're
20:53recording the video , there's bearish
20:55sentiment . What is your definition of
20:58bearish sentiment ? If we go back a
20:59second to this chart , let's look at the
21:01Nifty chart . How do you feel , or how
21:04can we get confirmation from our
21:06viewers whether to buy a put or go for
21:08a call ? So , what is your definition of
21:09bearish sentiment ? Bearish sentiment
21:11won't make sense at the intraday level ,
How to Identify Market Sentiment Before a Trade
21:13let alone for an entire month . I'm just
21:17trying to explain this in the last few
21:19zones on a 15 - minute timeframe or a 20 -
21:21minute timeframe . This is a zone
21:23between 25 and 26 , let's say 22. I'm
21:26talking about a week . If I look at the
21:30market from the beginning of a week ,
21:33the market is moving around its lows
21:35and lows . Basically , bearish sentiment
21:38is a very subjective term . According to
21:41some traders , I'm looking at the
21:43one-hour timeframe , and they'll see
21:45this as a huge bull sentiment for them .
21:48Some people might be looking at it this
21:50way , and some might be looking at it
21:52that way . Correct ? Some people might be
21:53looking at it that way . What I mean by
21:56that is a very subjective term , but
21:58bull sentiment is because I can't just
22:01consider the Indian stock market . I
22:03also have to look at what the dub zones
22:05are doing . I also have to see whether
22:07FIIs are selling or buying in the
22:08Indian stock market . So , FIIs have been
22:11selling heavily until 2026 , while we're
22:14making this video . So , the Indian stock
22:18market isn't showing much strength yet .
22:20And as I told you , sir , I just informed
22:23you that the two-year return of the
22:25Nifty has reached zero . It's zero . So ,
22:28in my opinion , this should be treated
22:30as negative sentiment . Okay ? Broadly
22:32speaking , because we're currently in
22:34the midst of a war , the Indian markets
22:36aren't performing well . I don't know
22:39whether they're bearish or not , but
22:40they certainly haven't been bullish in
22:41the last few days . So , from this
22:42perspective , we're saying that a
22:43bearish sentiment is prevailing in the
22:45market right now . So , this becomes our
22:47base statement .
22:48And Sir , I want to mention one more
22:49thing . What has the market done in the
22:51last two days ? Let me take a look at
22:53that . For example , here , in the last
22:55two days , the market has tried to form
22:57a sell-on-rise structure , low , high ,
22:59low , and low .
23:00This could also be a sentiment . You'll
23:03understand it better from the
23:04perspective of BTST . Similarly , if you
23:06look at this trend , Sir , what would you
23:08call it ? It hit a low on May 20th and
23:1021st . Then it recovered . Then it
23:12happened again on May 22nd . Now , call
23:14it sideways . Call it sentiment neutral .
23:16So , these can be different perspectives
23:18, different mindsets . But yes , if you
23:19look at the trend of the last two days ,
23:21you'll at least get a little idea of
23:23what Nifty and Bank Nifty are looking
23:24to do . Another thing is , what is the
23:26percentage change of Nifty and Bank
23:29Nifty ? How much higher did the high
23:30close than the previous day ? How much
23:32lower did it close than the previous
23:33day's high ? For now , I'll consider it
23:35bearish . Look at the global markets .
23:37Looking at the global cues and based on
23:38the last two days ' data . Okay ? Now I'll
23:40go into FAO . Underline FAO . Click on
23:43Percentage Up . I also want to inform
23:47you that the market , Nifty and Bank
23:49Nifty , is negative . This doesn't mean
23:51I'll take the put side of BDST . That's
23:53my preference . We've seen many such
23:55trades where Nifty and Bank Nifty
23:57opened gap down , and the shares we had
23:59placed calls on . The stock options we
24:02had placed calls on gave targets of 1 ,
24:052 , 3 , and spiked up to 10-20 % . We
24:08closed overnight at 9:18 without doing
24:10anything . See , the entire day has
24:14passed . The target for the day is over .
24:16There's no scope for overtrading
24:17because the target has been reached .
24:19And in the case of SL , there's no scope
24:21for overtrading because the SL has been
24:23hit .
24:23So , it's not necessary , but it's
24:25preferred . Similarly , if I feel like
24:27the market is bullish from here , and
24:29the market is gaining momentum , I'll go
24:31to the percentage chain and somewhere
24:33there , I'll start looking at the top
24:35gainers and stop losers . There are many
24:39days when stock options remain sideways
24:42throughout the day . And this starts
24:44moving exactly at 255. You can backtest
24:47this . They start gaining momentum
24:50around 2:55 or 3:00 . Because in
24:52institutional investing , buying and
24:55selling happens at that time . Momentum
24:57starts to flow at that time . And when I
25:00say sideways , start gaining momentum .
25:02Momentum doesn't necessarily mean up .
25:04Momentum can also mean downward . It
25:06could be
25:06downward . So , here I click on
25:08Percentage Change and here I connect
25:10the Top Gainers , Top Losers , Collect .
Choosing the Right BTST Stocks
25:13Again , my list is back . Now I'll go to
25:17COM India . Now I've told you step one .
25:19Go to the underlying FAO stocks . Be
25:21sure to check the market sentiment and
25:24start looking at your top five losers
25:26and top five gainers to see what
25:28they're doing . Now , let's leave the
25:30losers aside . Let's start with the
25:32gainers . We'll come back to the losers
25:33anyway . I'll tell you how to place
25:35calls and puts , but it's recommended
25:38that you start with just one : BTST . Now
25:40, let's come to Cummins India and look
25:44at its chart . It has a very interesting
25:47feature . I've opened the Cummins India
25:50chart . To identify BDST , I'll first try
25:54setting some conditions here . I'll use
25:58my CPR here first . CPR basically helps
26:02me a lot , especially in intraday
26:04trading . Because what do we do ? We
26:06create levels throughout the day . It
26:08creates levels automatically .
26:10For example , Pivot Points is a very
26:11famous indicator with standard
26:13Fibonacci settings . It's available on
26:14YouTube . CPR is an underrated indicator
26:18that many people don't know about . So ,
26:22CPR with Pivot Level Daily . What
26:24happens is that it automatically marks
CPR Indicator for High-Probability Setups
26:25the previous day's high and the
26:26previous day's low . No need to think
26:29too hard . What is it ? Why is it there ?
26:30It doesn't have much relevance for us .
26:32Previous day's high and previous day's
26:33low are the most important . Basically ,
26:35you need to turn on the top five
26:37settings . I'll tell you how to trade
26:40within it .
26:40Okay ?
26:41This is the first one . Now , we've seen
26:43that India has already seen such a big
26:44rally here . So , I have a doubt in my
26:47mind that it has already seen such a
26:49big rally . If you look at the 3 - hour
26:51time frame , it has already broken out
26:54of its lifetime high . So , this stock
26:56has already formed a breakout right now
26:57. So , I want to see this here . Now ,
26:59after such a big rally , it even closed
27:01above the previous day's high . What's
27:03the main logic for placing a CPR ? I
27:05need to see if the market closed above
27:07the previous day's high . So , yes , this
27:09fits my category so far , so I should
27:12buy BTST , within this call . Which stock
27:14option should I buy ? How should I chain
27:16this option ? We'll talk about ITM / OTM /
27:19ATM . But has this stock completely
27:21qualified yet ? The answer is no . I need
27:24to see if it's been bought out ? Wait a
27:27second . Why is the answer no ? Because
27:29it closed above the previous day's high
27:31.
27:31So far , the answer is yes , but the
27:33answer is not completely yes . Because
27:34there's one more condition I need to
RSI Filter to Avoid Weak Trades
27:36check .
27:36I need to check if the RSI is
27:40supporting this . So , I won't be leaving
27:44in 15 minutes . Now , I'm going to look
27:47at the RSI here , somewhere around 2:55 ,
27:50on a 5 - minute timeframe . The RSI is 86.
27:57So , our first condition is to look at
27:58the 3 - hourly chart to see if the CPR (
28:00for that matter ) on any timeframe is
28:02above the previous high close .
28:03Sir , I'd like to point out that it's
28:05recommended to stick to the 5 - minute
28:06timeframe because we do
28:09all our analysis on the 5 - minute
28:10timeframe . So , let's
28:12open a spot chart . Look , this is called
28:13a spot chart .
28:14Right ? This has a futures chart . You'll
28:16see the Commons India June Futures here
28:18. This also has an options chart . But
28:21right now , we're talking about the
28:22stock's spot chart .
28:23So , our viewers , our users , can open a
28:255 - minute chart of any stock , such as
28:27the Commons India June Futures . Apply
28:30that CPR in 5 minutes and check whether
28:31it's above yesterday's high . We have
28:33marked that . So that condition is being
28:35met . Now we come to the second
28:36condition on the same time frame . We
28:38have applied our RSI at 255. What value
28:41of RSI do we need ? Sir , we need RSI .
28:44Our RSI can be between 5 to 75 Sir .
28:48Okay .
28:48Now it has reached 86.
28:51Okay
28:52RSI Sir , when I am saying 50 to 75 ,
28:55don't stop at 76. Now sometimes what do
28:57we do in hard algorithms , we put a dead
29:00stop at 75.
29:0275 76 will work . This range will
29:04continue .
29:04But
29:05at 85 86 85 86. So Sir , this is trying
29:07to tell that I am at overbought region .
29:09Right ? So , when I consider how to trade
29:12the overbought region , it's possible
29:17that you look at COMES India and say , "
29:18No , man , this isn't satisfying our
29:20conditions , " and tomorrow it might gap
29:21up . So ,
29:23sir , everything is a probability .
29:26There's no
29:26guarantee of anything .
29:28We didn't buy anyone ; they can go
29:29wherever they want . That doesn't matter
29:31to me . The one we bought should go in
29:32my direction . That's what matters to me
29:34.
29:34Exactly , I don't even care what the
29:36other stock did . That's right ,
29:37it will create a FOMO , and it will
29:39start glaring at us the next day . At
29:433:00 , we'll forget the algorithm that
29:44we missed it .
29:45It was a miss . We'll forget the
29:46algorithm . The next day , we'll say , "
29:48Hey , he gave it a try the day before .
29:50Buy it again . " It doesn't work like
29:52that .
29:52We've checked these two conditions .
29:54According to these two conditions ,
29:55according to the second condition ,
29:57Cummins India is strictly highly
29:58overbought .
29:59Absolutely overbought . According to me ,
30:01it shouldn't go .
30:02I'll put the underlying FAO under the
30:04same conditions . Again , sir , you're
30:06saying there are two conditions ,
30:07according to me . Again , there are three
30:09conditions . The
30:10first condition is that we're checking
30:12the underlying FNO's top gainers .
30:13Right ? It's
30:14not like you can just pick any stock .
30:15You can pick Zomato or Eternal .
30:17Eternal's name doesn't even appear
30:19among the top gainers . So why should I
30:20check the conditions there ?
30:21Correct .
30:22So my first condition would be to check
30:23the top gainers . Let's come to XID
30:25India . Has
30:26XID India closed above the previous
30:29day's high on a 5 - minute time frame ?
30:31Yes , the answer is one way the stock
30:33ran . And the good thing is that the RSI
30:37is also near 55 , 56 ,
30:40sorry , the RSI is near 59 ,
30:42right ?
30:42So that's a good thing . This means all
30:45three conditions have been met . It's
30:47also a top gainer . It closed above the
30:49CPR , and it also checked its RSI level ,
30:52indicating that this could be a good
30:55potential for an overnight BTST call .
30:59Sir , look at how easy the process is .
31:03We were thinking that as soon as the
31:05first stock was rejected , we would find
31:07another stock . We might find SGI , and
31:10we'll test on that too . But now we've
31:12found XID India , XID Industries , so
31:14let's test on that . Now what are they
31:16trying to do with Exide Industries ?
Selecting the Right Stock Option Strike Price
31:18Now , when I go to XID Industries , I'm
31:20going to identify the stock . Now comes
31:23my third step . Step number three is
31:26whether the stock option is to be
31:28carried for overnight . Is it necessary
31:31to satisfy only the validity of the
31:33stock or only the stock's condition ?
31:35The stock condition says that my stock
31:38qualifies for an overnight BTST
31:40position on the long side .
31:42But I also need to check how the
31:46stock's options are behaving .
31:49Sir , I'd like to pause here for a
31:51minute . We're making this video today ;
31:55we'll find out tomorrow . Can you show
31:58us a recent example where you've
31:59explained this condition ? We'll focus
32:02on stock options . But can you show us a
32:04recent example of what a gap-up or BTST
32:06trade looks like and what the next
32:08day's results are ? Whether it's a
32:10stop-loss or a target , it doesn't
32:11matter . But do you recall any recent
32:13examples you provided yesterday , the
32:15day before , or last week ? So , how does
32:17that look ? How much of a gap-up is
32:19there ? Is there a gap-down in terms of
32:21a bad trade ? If we look at that first ,
32:22then we'll move on to options . I'm very
32:24, very first of all , thank you for
32:27posing this question . And by chance , or
32:30maybe you can say , X Industries , this
32:32is a stock that could have made a very
32:35good BTST trade on the 25th . If I were
32:38to run a backtest and show you , then
32:40definitely , around the 25th , when we
32:43were making this video , it had
32:45broken the previous day's high , exactly
32:48around 255. This is its previous day's
32:50high , sir . Yes , it had
32:51broken it ,
32:52and its RSI is somewhere around 255 , in
32:56the same 55 - to - 75 range .
32:58Its RSI is basically around 63.
33:01So , yes , this stock was eligible for a
33:03BTST overnight long position . Now , I'll
33:06explain the strategy for its stock
33:07options : how to find stock options . But
Real BTST Trade Example & Profit Booking
33:10if you can see the next day , as soon as
33:12the market opens at 325 , the best
33:15strategy is that you might not even
33:17need to wait for the next day . It could
33:22give you good returns on the same day ,
33:24before 3:30 PM . That's a possibility ,
33:27sir . There's no guarantee , but it is a
33:29possibility . Exide India is one example
33:31.
33:31Okay .
33:32If this stock was discovered at 255 and
33:35the trade was taken at 320 , sir , it
33:38would have gained almost 1 % by the time
33:41the market closed .
33:45In such a case , you should book it on
33:47the same day .
33:47Sir , my recommendation in such a case
33:49is that if you have purchased two lots ,
33:51you should make a partial booking . You
33:53should book 50 % of your quantity . 50 %
33:56should be booked on the same day , and
33:58the remaining 50 % can be carried over .
34:01But if you've only bought one lot , my
34:03recommendation still remains . No , sir ,
34:05hold on .
34:06The one that gave such a strong
34:07breakout at 325 , even though it may
34:09have gone into overbought territory at
34:11that time , still needs to be held
34:13because we've already made a profit .
34:16It significantly reduces our risk .
34:18So , if we take it overnight , there's a
34:20chance of even more returns . Like what
34:22happened with Exide India , it gave such
34:24a big pump at 325 that day . It jumped ,
34:26and when it opened the next day , even
34:29though you'll see it opened below the
34:31previous day's closing , it pulled so
34:33high in the first candle that I'll tell
34:35you the exit position . The exit timing
34:38is exactly between 9:15 and 9:18 . If we
34:41hold too much , it may get manipulated ,
34:44or there may be heavy pressure , or it
34:47may open negatively . Then we book it at
34:50915 itself . If it is booked in our
34:52favor , then we should book it till 9:15
34:54, 918 or maximum 920. Even if the stock
34:56comes on FOMO the next day , the stock
34:58ran down completely the next day . I
35:01wish I had held it the whole day . No ,
35:02sir , see , the algorithm is working . The
35:04algorithm tells us to follow a logical
35:06set of rules . So , we have to book
35:09between 9:15 and 920. Exide India is
35:11one example . If we see , are these same
35:14conditions being repeated on May 26 ?
35:17Exactly at 2:55 on May 26 , at 2:55 , 255
35:21, sir , at 255 , we identified that the
35:24stock is above the previous day's high .
35:28But the stock here is currently trading
35:31at an oversold RSI ( RSI ) , sorry ,
35:33overbought RSI . Technically , when I
35:37identified this stock on May 26th , I
35:39shouldn't have bought BTST . And the
35:42same thing happened . If I had
35:43identified BTST at 255 with BTST lates .
35:46Even if I had bought it at 320 , it
35:48opened with a slight gap down the next
35:51day . Even then , it went up .
35:53Therefore , it's recommended not to move
35:56it into overbought territory , as it's
35:58better . Again , some news may have
36:00caused this stock to pump so much . Why
36:02didn't we expect it to go so high on
36:04May 26th ? It was in overbought
36:06territory . It seems so today because
36:08the buying pressure has returned to
36:10normal . Basically , its
36:12RSI is around 60.
36:15Now it can run further .
36:16It has more potential . Now , sir , let me
36:19quickly explain to you how to work with
36:21stock options . We've got it covered .
36:24Now , sir , there's a very extraordinary
Using Power Scalper for Faster Execution
36:26feature of Dhan that I use . Power
36:27Scalper is how it works . I'll explain
36:29it to all our traders . Go to tv.com and
36:33you'll see that when you click on this
36:36particular arrow , the Super Order Trade
36:38Plan , Power Scalper , and the scalper
36:41mode will appear . As soon as you click
36:43on Scalper mode , you can easily buy and
36:46sell within this stock , and you can
36:48also exit within it . I've used it a lot
36:50. It's very useful for scalping . They
36:54have a feature called Power Scalper .
36:56When I click on it , a website like this
36:59appears in Power Scalper : scalper.com .
37:02What does it do ? I had XTide India open
37:04. Look , what magic did it do ? We didn't
37:06do anything , didn't mess with anything .
37:08I simply turned on Power Scalper mode
37:10on the Dhan chart , and the Excite
37:12Industries chart appeared . Call and put
37:15options also appeared . And what trade
37:18should I place here ? My trading engine
37:20basically started appearing on the
37:22right side . If I wanted , I could remove
37:24the put . Only the call would be visible
37:25. I could remove the call . Only the
37:26spot would be visible . I could place
37:27both . I could remove the spot . This way
37:30, it helps a lot in comparison .
37:32Now ,
37:33sir , as I can see here , the 1 - minute
37:35time frame is 5 minutes . I'm sure that
37:37if we place this , I'll see liquidity
37:39descent here . For example , if you place
37:42a 5 - minute put . Yes ,
37:43we should do that technically . We
37:45should do it for 5 minutes , sir . And
37:46all charts should be viewed technically
37:48for 5 minutes only . But you also have
37:50liquidity conditions , like how many
37:52lots should be traded in the option
37:53you're trading , or what the
37:55buyer-seller gap should be . These
37:57conditions are
37:59very simple . If I go back to this , I'll
38:01see the data from the option chain .
ITM vs OTM: Which Options to Buy?
38:03Now , I need to work around in-the-money
38:05in the option chain . It doesn't
38:07make sense to go too in-the-money . It
38:09doesn't make sense to go too
38:10out-of-the-money . First , OTM means
38:13out-of-the-market . In my opinion , OTM
38:15means you've been thrown out by the
38:17market . You shouldn't use OTM for
38:18option buying . OTM is meant for option
38:20sellers , those who want to eat premiums
38:22and take advantage of theta decay . We
38:25should only work in ITM . According to
38:28me , ITM also has three levels : near ITM
38:32, far ITM , and deep ITM . We shouldn't
38:36go too deep , nor too far . We need to
38:37work near ITM . For example , if the call
38:39option is trading at 394 , we'll need to
38:41look at 392 , 390 , 387 , 385. You can
38:43easily select these particular strike
38:44prices here . I'm going to show you a
38:52method that's a big source of confusion
38:55for traders : should we choose the 390
38:57strike price or 385 , 387 or 392 ? There
38:59are conditions for that too , sir . The
39:01algorithm will do the work for us .
39:02We'll apply two sets of conditions to
39:05determine which is the optimal ITM for
39:07us . And if two ITMs are listed in the
39:10algorithm , which one should we choose ?
39:12You'll find a discussion on that in
39:13this video . Okay .
39:14First , regarding liquidity , you've
39:16raised a very good point . Sir , if I
Liquidity Rules Every Options Trader Must Know
39:18were to buy an overnight option in a
39:20stock that's experiencing a liquidity
39:21crunch . I could
39:23take it overnight and leave . I'd see a
39:25profit in the morning , but I wouldn't
39:26be able to book it .
39:27So , what should I do in that case ? I
39:29need to look around the option chain .
39:32I'm looking around the option chain .
39:33The OI chain is quite decent . It
39:35doesn't
39:36have any particularly bad OI data . As
39:38an example , what is considered poor OI
39:40data ? Now , let me show you an example .
39:42What is considered poor OI data , or
39:44what is considered an illiquid stock ? I
39:47want to share that example with our
39:49traders . Here , you see Redgo Kaithan
39:52down 3.89 % . I'll delve into its option
39:55chain . Now you'll clearly see the
39:56difference and what the problem is with
39:58its option chain .
40:00This is an example of an illiquid stock
40:03.
40:04Again , illiquid doesn't mean that
40:05buying or selling can't happen . Trading
40:08is happening in the market , so buying
40:10and selling is allowed , but what do you
40:12call it ?
40:13Your costs will be very high . The price
40:14you're buying at won't sell at the
40:16price you want .
40:17In that case , the spread will become so
40:19high that you won't be able to buy or
40:20sell at your desired price .
40:23As an option seller , I once faced this
40:24problem . I sold an option , a put option
40:27. The market was crashing , and I wanted
40:30to exit , but I couldn't . As an option
40:32seller , this problem becomes much
40:33bigger . As an option buyer , your loss
40:35is limited , but as an option seller ,
40:36your loss is even greater . Since then ,
40:39I've stopped working in illiquid
40:40products . If I make a product that
40:42could become illiquid , I'll never do it
40:44. I'll trade it in the cash market and
40:46walk away .
40:46Okay . So what happened in that case ?
40:48I was bankrupt .
40:50Okay . All
40:50my money and capital was gone at that
40:52time . That was a very big lesson for me
40:56. I mean , it was around 2010.
40:59Okay . I
41:01hope it happens with someone else or
41:02not .
41:02Yes . I always make sure to trade only
41:05those options where the word you used ,
41:08" bud spread , " should be very small . For
41:10this , I go to Dhan's OTT web and check
41:12it . If the bud and today's spread are 1
41:15% or 2 % apart , it's fine . But if they are
41:17too far apart , for example , a buyer is
41:19₹ 30 and a seller is ₹ 35 , then I
41:21generally avoid such products .
41:23Okay , great . So , sir , like I gave you
41:26the example of Radico , we have to
41:28ignore such stocks . Take a look at the
41:31eleven industries , brother . JL is one
41:33of the BS , it's highly demanded . In
41:36fact , this is a feature that allows
41:40lending for shares .
41:42SLBM is a feature that allows me to see
41:45which shares are in highest demand
41:48every day on the Dhan platform .
41:51Correct , correct , correct ,
41:52because those shares are performing so
41:53well intraday . The interest due to SLBM
41:56is so low , or the rent is so low , that
41:59the profit itself is taking away all
42:02the rent .
42:03So this is also a good feature .
42:04A product is available on the Dhan
42:07platform where you can rent out your
42:09shares through SLBM . If you see a stock
42:12in short sale , as you showed here , you
42:14can buy it . If I see it in short sale
42:16and I don't own it , I can buy it and
42:18short sell it in the market .
42:20Very interesting . So , here , sir , let me
42:23tell you about the strike price . If I
42:25look at the strike price , again , this
42:28entire platform will have an indicator
42:31within it . So , I'm going to add two
42:33indicators here . Just to double-check
42:36that the premium for the stock option
42:39I'm considering is behaving similarly .
42:42Now , here's the real catch . Near
42:46expiration time , all stock options have
42:48a monthly expiry ; all NSC stock options
42:50have a monthly expiry . The stock option
42:53is running . The 2 % -3 % premium isn't
42:55moving at all .
42:57Yes .
42:58How is this possible ? The premium isn't
43:00moving .
43:00Why is this happening ? There
43:02could be three or four reasons . First ,
43:03it's near expiry . The
43:05impact of theta-decay is so high
43:07that delta-decay isn't reacting at all .
43:08Delta-decay isn't
43:09reacting at all . Option sellers are
43:11busy melting it completely . The second
43:14biggest reason I think this is that
43:17there is buying in the stock , but there
43:20is no buying and selling in its futures
43:22or options . Is there a difference in
43:25this too ? Yes . Tell me one thing : the
43:28OI data we can see here ,
Common BTST Mistakes to Avoid
43:32for example , is the OI change here .
43:34There is also the OI change here . There
43:36is volume here .
43:38My question is , is this the OI change
43:40within this stock ? There is the
43:42OI change in the options .
43:44This is the OI change in the options .
43:45So , what does OI change tell us ? For
43:48simplicity , let's say it indicates
43:50demand and supply .
43:52So , demand and supply in options is a
43:54different thing .
43:56Compare to the spot mark and
43:57compare to the stock , which has demand
44:00and supply . It could be institutional .
44:03Many times you may have seen NIFI being
44:06sold on the spot , but futures being
44:08bought .
44:09This is a very relevant example . It's
44:11understandable at the institutional
44:12level . Retail traders don't have that
44:14much money . They're preoccupied with
44:16saving money , so they can't delve into
44:18it even a little deeper . But I'm
44:20telling you this . My experience tells
44:21me , Sir , that the demand-supply
44:23relationship for Exide Industries is a
44:24different thing . The demand-supply
44:26relationship for its options is a
44:28different thing . So , I've told you two
44:30major reasons . First , it's important to
44:32check if the expiration is near . What
44:34should you do in that case , sir ? Jump
44:36to the next expiration . You'll get
44:38better liquidity as an option buyer .
44:41Second , you should also consider
44:43whether there's demand for that
44:44particular option or just for the stock
44:46. The stock has run up , but the stock
44:49option hasn't . So , these two things
44:51sometimes lead to a third element :
44:53manipulation . This is called
44:55manipulation : there's no demand for
44:57options . There's demand for futures ,
44:59and there's demand for stocks . What
45:00happens sometimes ? The option is also
45:02rising , and the stock price remains
45:05unchanged .
45:07Where does manipulation come into play
45:08in this case ? The option price rises
45:10slightly . When it seems it's reached
45:13optimal value , a big player starts
45:15shorting it . I'm sure our audience will
45:18be interested in this , and if they
45:20comment , we'll definitely post more
45:22in-depth videos about it .
45:24What will we do for now ? Go to
45:26indicators and apply Super Trend here .
45:29Okay ?
45:30I applied Super Trend here . Mind you ,
45:33sir , when I'm explaining this , I'm
45:36looking for the stock's condition :
45:39whether my particular FAO stock is
45:42filling in any BTST category or not . I
45:46want to see that exactly at 255. This
45:49means my race , my hard work , will start
45:52at 255. But it's recommended that if
45:56I'm ticking any stock options , I take
45:59them to around 3:15 or 320. Any buys
46:02are made at 3:20 .
46:04From 255 to 320 , you're tracking the
46:06market . You've started looking for
46:09stocks that meet the shortlisting
46:11criteria .
46:13Okay , okay .
46:13Now , regarding stock options , I'll
46:15check what's happening at 3:20 . So ,
46:18here I'm going to apply two indicators :
46:20a Super Trend and a very good custom
46:22indicator , available on the Dhan
46:24platform . It's called the Hull Moving
46:26Average , or also known as the Hull Suit
46:29. I want to demonstrate it once on this
46:32particular chart . This indicator is
46:35called the Hull Suit . We'll come here ,
46:37and since we're talking about call
46:39options , we'll go to the options chain .
46:42I'll take a particular stock option
46:45here , approximately 390. I'll activate
46:48two indicators here : Super Trend and
46:55Hal's Suit . These specialized
46:57indicators are available on Dhan's
46:59platform . You can check them out .
47:01There's one small setting you should
47:03change . The length should be 32. This
47:06is again backtesting , which we've done
47:08using permutation combinations . So , 32
47:12seems to be an ideal scenario , and I'm
47:13quite interested in the band below 32.
47:15You can remove the band or add it ;
47:17that's not a big deal . But this is
47:19overall sentiment , and here I'm going
47:22to look again at the 5 - minute time
47:24frame .
47:25Okay . Now ,
47:26we'll do everything on the 5 - minute
47:27time frame .
47:27Absolutely . Now I want to see if the
47:30XID India FNO stock options have ticked
47:33. So , if
47:36I go to the 390 call option , I see that
47:39the closing here , exactly at 3:20 , is
47:42around this point . Basically , the
47:44closing is above the Super Trend and HL
47:47level . Right .
47:48Yes , that's a tick again . And we should
47:52consider this as a call option , the
47:54Exide Industries June 30th 390 call
47:57option . We should carry it in one lot
48:00and go overnight .
48:01So , everything is rule-based . There's
48:03no arbitrary situation .
48:05Everything is rule-based . Here , our
48:08conditions are satisfied . Before we do
48:11some more backtesting , there are a few
48:13rules I'd like to explain . Yes ,
Entry, Stop Loss & Position Sizing Rules
48:15sir , if you'd like to test me , I'd be
48:17willing to take that test . I'll discuss
48:20with my viewers what we've discussed ,
48:22and if I'm wrong , please correct me .
48:24Okay ?
48:25So , first , we'll go to 255 to see our
48:28top gainers . We'll pull up a list of
48:30FAO stocks . We'll look at the top
48:31gainers and top losers . There's a
48:33slight bias in terms of my broader
48:35market sentiment . If Donald Trump is
48:37talking a lot , I'll turn slightly
48:39bearish . If he's sitting quietly , I'll
48:41turn bullish . For that matter , if
48:43there's any news that leads you to
48:45bearish or bullish sentiment , I'll pull
48:47up a list of such stocks at 255. Now ,
48:49whichever stock comes in front of me ,
48:51for example , XID or SGI , any other . Now
48:54, within that stock , I'll check whether
48:58it's closing above yesterday's high .
49:02I'm talking about 255. Apart from this ,
49:04if it closes above yesterday's high
49:07using the CPR indicator , then it's good
49:09to go between 50 and 75
49:12for bulls
49:14and below 50 and 25 for bears , meaning
49:16the put option will be
49:18bearish at approximately 25 to 45. So ,
49:22if this condition is met , the stock's
49:23condition is met . I'll then return to
49:26the options chart by 3:20 . I'll use
49:28Power Scalper and then apply the Hal
49:31Suite . The Hal Suite parameter will be
49:3432. Using the Super Trend default
49:36parameter of 103 , I'll check whether
49:38the candle forming at 320 in my 5 -
49:41minute time frame is closing above it .
49:43If it is , I'll take a call . If a put
49:45scenario is forming , it will close
49:47below it , so I'll take a put here . Am I
49:49right in saying this , sir ?
49:50Absolutely .
49:50Now , I have a question : where do I book
49:53a stop-loss and where do I book a
49:55target ?
49:56This is the biggest catch , and this is
49:58the most problematic thing about BTST .
50:00I wrote you a statement called "
50:03Statement Problem . " Yes , that's the
50:06problem , sir .
50:07Okay , stop-loss
50:08is the problem . I
50:09mean , stop-loss is the problem once ,
50:11sir . I want you to read it once . Please
50:13don't show it on the screen , but once
50:15you read it and show it ,
50:17it says , BTST trading is 10 times
50:19easier . I understood this from your
50:21language , from your explanation , and it
50:23gives two to three times more returns
50:25than intraday . Okay , but it has one
50:28problem , and my question about our
50:30problem is that there is no SL , it's
50:33not defined , it doesn't exist at all ,
50:35or it's a velocity . What is the problem
50:38with SL ? The
50:38problem is , regardless of your broker's
50:42position , you can set a stop-loss .
50:47Technically , a stop-loss will be
50:48applied . But if that stop-loss
50:51jumps , it will . It can jump . It can
50:53jump . For example , I'm talking about
50:54Exide India . That's what I'm trying to
50:57tell you . Sir , this is the biggest
50:59problem with BTST . SL is not
51:03price-based . It's time-based .
51:07Okay , okay , I got it . I got it .
51:09What will be the conditions in
51:11tomorrow's market at 9:15 ? I have to
51:13give a reaction to that . So , between
51:179:15 and 9:18 , the time we mentioned .
51:19During this period , we have to exit
51:21this product using our discretion and
51:23wisdom . Whether it's in profit , loss ,
51:25or at cost . There's only one short
51:28coming . The rest of the rules I've
51:30mentioned , you should backtest them and
51:32forward test them . Your eyes will light
51:33up . Because when BTST starts to become
51:35a hit , confidence begins to build . And
51:38big traders have said , " One trade per
51:39day . " " You should keep doing one trade
51:42per day , you're a successful trader , "
51:44Japanese traders , Singapore traders ,
51:46all these British traders say , " Sir ,
51:48one trade per day , over your day . "
51:51Invest your mindset , invest your time
51:53in the gym , invest your time in running
51:55, invest your time in other activities :
51:57music , art . Build your own business .
52:00Find another job . The logic of " One
52:02Trade Per Day " is that you take a BTST
52:04trade and book it the next morning ,
52:05between 9:15 and 9:20 , 9:18 , whatever
52:07time seems right .
52:09But you have to exit before that . You
52:11have to do it .
52:11Now , sir , what will happen here ? I'll
52:13leave here , as an example , saying , " I'm
52:15picking a trade at 19 : 2 . " My target is
52:19now ₹ 22 and stop loss is ₹ 17.8 .
52:22For example , this is going to be my 12 :
52:252 risk-reward ratio . This translates to
52:28almost exactly a 1 : 2 risk-reward ratio
52:29. What's the problem ? You've placed an
52:33SL in your system , and in your mind .
52:36But it's already open . What will you do
52:39now ? I'm describing the worst-case
52:40scenario . Because I want to tell all
52:42our viewers , I want to tell you
52:44practical things . The best-case
52:46scenario could be that this ₹ 19
52:48premium opens at ₹ 29 .
52:50Everyone knows what to do about that .
52:51Book . Don't just sit there and dream .
52:56M2M is nothing but booked profits , and
52:58until you see a profit booked in your
53:00demat account , you don't call it profit
53:02. Until it's booked , it's not a profit .
53:05Similarly , if it's opening here or here
53:07, what should I do ? If it's opening
53:09here , sir , it's best . Book a profit .
53:11Even if it's opening here , sir , it's
53:12still the best thing . Book a loss .
53:16This is both a good thing and a bad
53:17thing . You can interpret it in any way .
53:20This is a problem with index options .
53:22This is a problem with stock options .
53:24You take a Nifty call in an index . If
53:27the market opens against you , your stop
53:29loss will jump . Sir , the broker doesn't
53:30know . And even if
53:33the broker says , " Yes , you have a stop
53:34loss here , " he'll say , " Sir , how do I
53:35liquidate it ? No , no , no , that price
53:36hasn't even come in , how can I exit ? "
Managing Overnight Risk in BTST
53:41And you'll say , " No , sir , I'm sitting
53:43here ; the broker should liquidate me . "
53:45No , that's not the case . It's possible ,
53:47sir , that it could close at zero . Let's
53:49say it's a monthly expiry , and we're
53:51taking the worst-case scenario : it
53:53closes at zero , then your position will
53:54automatically execute . But our loss is
53:57defined because you're buying an option
53:58, so the loss is defined . You won't
54:00lose more than the capital you've
54:01invested , but the profit can be
54:03unlimited .
54:03In this , sir , you're in the mindset of
54:071 : 2 , 1 : 3 , 1 : 5 , 1:10 . But if there's
54:11a stop-loss , then it can go beyond the
54:14risk of one .
54:16For example , the loss can now be a
54:17factor . Now , you say , " Sir , I'm keeping
54:19a stop-loss of 8 % . " No , sir , the
54:21stop-loss can even go to 21 % . You never
54:25know what's going to take place
54:27tomorrow . That's why I want to share
54:29this with all the viewers . Keep an eye
54:31on the news . What news is coming from
54:36the stocks ? AGM meetings are taking
54:38place . Their quarterly reports are
54:39coming . And after watching all this , I
54:42request you with folded hands to ignore
54:45the stocks about which news is coming .
54:48Well , because news is a time when 90 % of
54:52traders understand that buying is the
54:56time . Positive news in a stock triggers
54:59buying . And for the remaining 10 % , once
55:03there's good news in the market , that
55:07means it's time for that stock to top
55:10out .
55:12So , the big players don't buy on good
55:15news .
55:16They book profits and exit .
55:18They sell . 90 % are thinking they should
55:20buy on good news . That's the point ,
55:22right ? Then why are 90 % losing money ?
55:25They're thinking they should buy on
55:26good news . In reality , the big players
55:28are sitting there selling . This is a
55:30prime example : ( BS ) had good news . We
55:34started buying , and from there , there
55:37was buying for four days , and then
55:40nonstop selling for the next four weeks
55:43. Why ? I just received a huge order ,
55:45I'm giving you an example , sir . Again ,
55:47if the BSE isn't at target , or a stock
55:49isn't at target , this happens .
55:51Similarly , if there's negative news ,
55:53the stock will try to bottom out , not
55:55top out ; selling doesn't start there ,
55:57buying starts there . We are the last
56:00recipients of the news . The news isn't
56:02going anywhere after us . It's over
56:03after that .
56:04Exactly . And we think the quarterly
56:06results are good , so it will go up . You
56:09can backtest this . Out of 10 , only two
56:11go up . The remaining eight fall ,
56:14despite good news . There are exceptions
56:15. Obviously , Reliance and Adani are
56:17exceptions . Or some stocks are
56:19exceptions , but not those in the
56:22limelight . Sir , despite positive
56:25results , they don't go up . They relax
56:28from there . So , it would be better if
56:30we don't correlate the impact of BTST
56:33with the news . Therefore , in the logic
56:36that I told you , the algorithm , news
56:38has no role . News
56:39only follows the conditions .
56:41Follow the conditions , but yes , sir ,
56:42news has a role . Not to select , but to
56:45eliminate . If there is
56:46news about Exide Industries , I better
56:49ignore it .
56:50Okay .
56:50If there is news about Cummins India , I
56:53better ignore it . Even if it satisfies
56:55both our conditions . Sir , what if there
56:58is news but I did not find it .
57:00Sir , in this case , you will have to
57:01keep a 360 ° view . According to me ,
57:04you should keep a 360 ° view . A
57:06definitely the same thing happened , sir
57:09. I clicked on percentage change in FNO
57:12stocks . 4.68 % in ONGC , it was in
57:15negative . I didn't know .
57:18No , no , that's not it . That's what
57:20I'm telling you , sir . If you're an
57:21Indian trader , you should know how to
57:23handle the impact of news , or know what
57:25the news is going to do .
57:27So , here I'll tell my viewers that when
57:30you go to the scan terminal here
57:32through Dhan Charts , all the news is
57:35updated live , and the AI automatically
57:38extracts and analyzes it . Apart from
57:41this , if you add any stock to your
57:43watchlist , you'll only see news from
57:46that watchlist if you wish . Here , when
57:49you go to My Stocks , you'll see
57:51portfolio news and watchlist news . Once
57:53you select the watchlist , news from all
57:55the stocks on the watchlist will appear
57:56. As Gul Sir mentioned , if you're
57:58tracking ONGC , simply add it to your
58:00watchlist . Any news surrounding it will
58:03start appearing here . So this way ,
58:05you'll be able to answer my question :
58:07it's not likely that news about a stock
58:09will arrive and you won't find it . Sir ,
58:11Google , I have a question . For example ,
58:13some of our traders may not trade
58:16options . They may be afraid of buying
58:19options , which is very natural ; it
Live BTST Strategy Walkthrough
58:20could happen to anyone . So , should they
58:22do it through MTFs because our main
58:24objective is to increase ROI ? Let's say
58:27I'm talking about Exide Industries .
58:30Here's my chart for Exide Industries ,
58:31and for example , I don't want to trade
58:33options . Should I buy it on MTFs until
58:36tomorrow and leave ? Does this make
58:38sense ?
58:39Sir , there's a great feature for that .
58:41It's called MTF .
58:43You can take leverage . And yes , it's a
58:46great feature for intraday trading of a
58:49stock . If someone wants to ignore BTST ,
58:51because they're afraid of options or
58:53have a phobia about options , then yes ,
58:55MTF is a very extraordinary feature
58:57that I personally use a lot . Sometimes ,
58:59there's strong demand for certain
59:01stocks , and capital is tight . MTF is a
59:04feature you can take advantage of .
59:06I personally find it quite useful .
59:08So , sir , you can . The
59:09main thing is that my ROI should
59:11increase and we're catching momentum .
59:12So , using MTF , I'll catch momentum and
59:14purchase the stock . Sir , I had a few
59:17pointers , and I just want to summarize
59:20one last one . There are four things we
59:23should ignore in such a BTST strategy .
59:26First , sir , if big wicks are forming
59:28within the candles , everyone must have
59:30read about price action . If the full
59:32body length isn't forming , and the wick
59:33is falling below the forming level ,
59:35then this could be part of some
59:36manipulation . We have to stay away from
59:38this . Secondly , Sir , an overbought RSI
59:40( oversold RSI ) is definitely something
59:42we shouldn't touch at all , because it
59:44could open against our view again the
59:46next day . That
59:47means , absolutely around 75 and below ,
59:50around 2530.
59:51Got it .
59:52Your experience tells you about low
59:54liquidity , Sir . Never underestimate low
59:56liquidity options , no matter how strong
59:58the momentum you see . Even there , if we
1:00:00take the MTF case to the cash market ,
1:00:01there won't be any problems . There
1:00:02won't be
1:00:03any problems .
1:00:03Liquidity will remain in the cash
1:00:05market , even within FAO stocks . That's
1:00:06what
1:00:07I was trying to convey . Liquidity
1:00:08within FAO stocks is a different thing ,
1:00:09and liquidity within options is a
1:00:11different thing .
1:00:12So , finding the options chain on the
1:00:14options chart is crucial for our BTST
1:00:16strategy . An overview of the option
1:00:18chain is visible to see if there are
1:00:19any zeros or zeros . If you see too many
1:00:22zeros somewhere , please ignore them .
1:00:24And again , as I said , there are many
1:00:26sudden spikes . So , when you start
1:00:28tracking the news , you'll know who to
1:00:30stay away from and who to approach .
1:00:32And if I were to talk about risk-reward
1:00:37, in BTST , as I mentioned , there's a
1:00:41maximum one lot limit , and the limit is
1:00:45millions . Many big traders are trading
1:00:49in 10s for a day . They're earning 10s
1:00:51and losing 10s . I've seen them do it
1:00:53too . Let's take BTST in one lot .
1:00:55Okay . Only if you
1:00:56risk 1 to 2 % will you enjoy it . Passive
1:01:00income is the only way to enjoy it . And
1:01:01you never know that passive income will
1:01:03become your active income . But
1:01:04consistency is crucial . There's no
1:01:06problem with setting two overnight
1:01:08targets and 10 stop-losses , meaning
1:01:10there's no sense in it . And position
1:01:12sizing is a huge problem here . The
1:01:14logic behind position sizing is to
1:01:17invest and deploy only 1 % to 2 % of your
1:01:19capital so you can enjoy BTST carefree .
1:01:23This shouldn't happen : 9:15 AM is a bad
1:01:25day , and
1:01:26we can't reset it until 3:00 PM . We
1:01:29need to focus on ITM options . We need
1:01:31to be wary of OTM ATMs .
1:01:32Sir , I had two questions , which I think
1:01:34you've already answered . One of my
1:01:36questions was , how do you differentiate
1:01:38between genuine momentum and
1:01:39operator-driven moves ? By mentioning
1:01:41wick , I think that's brought clarity .
1:01:43You'll understand your point . Well , one
1:01:45second , I have a follow-up question
1:01:47here . When you're talking about wick ,
1:01:49are you referring to wick in the cash
1:01:50market or are you referring to wick in
1:01:52the option chart you viewed through the
1:01:53hold ?
1:01:54No , sir , I'm talking about the spot
1:01:56chart . Okay . In the spot chart , we need
1:01:59candles with short , short , and long
1:02:01bodies .
1:02:01If I want to see manipulation on the
1:02:03premium chart , I should check whether
1:02:07the call option is rising at the same
1:02:09rate as my stock's rise . Only
1:02:12then will I know if it's genuine or not
1:02:13.
1:02:13Absolutely . Do you know what happens
1:02:15sometimes ? The call option is rising ,
1:02:16and the put option is rising . What kind
1:02:18of logic is this ?
1:02:19But this only happens for 10-15 minutes
1:02:21.
1:02:21Because demand is being generated
1:02:23somewhere . Fake demand . Now , whether
1:02:25it's on the call side or the put side ,
1:02:26no one knows . We only know what's
1:02:27happening 45 minutes after the 15
1:02:29minutes are over .
1:02:30So , sometimes fake demand is being
1:02:32created for call options and put
1:02:34options , so that they can be sold off
1:02:36at a certain level . What happens
1:02:39because of this fake demand ? Retail
1:02:40traders like you and me , who genuinely
1:02:42go to the market to make money ,
1:02:43sometimes fall into a trap .
1:02:45They think , " There's nothing better
1:02:46than this . Buy both a call and a put . "
1:02:48So , if you want to see the fakeness in
1:02:50the premium , check whether the stock's
1:02:52chart is rising or not . And as you said
1:02:54, Sir , to determine if there's a real ,
1:02:56genuine , or fake move in a stock , we
1:02:58should track the VIX . We should stay
1:03:01away from big news . And Sir , one more
1:03:03thing I need to do is fix the point .
1:03:04The next day's exit plan should be
1:03:07defined before the target . Everyone
1:03:09knows the exit plan for the target . The
1:03:10exit plan for a loss should be defined .
1:03:12What's going to happen ? I have to cut
1:03:14at 9:15 . I have to cut at 9:18 . In the
Psychology, Discipline & Consistency
1:03:16pre-open market , we get to know what's
1:03:18going to happen to my stock .
1:03:20I have to be mentally prepared for that
1:03:21. I have taken a premium of ₹ 1 , not
1:03:24in false hope . A stop loss of ₹ 16
1:03:26opened at ₹ 14 . Now I'm sitting in
1:03:28false hope . No , it will come at ₹ 16 .
1:03:29No , it will come at ₹ 16 .
1:03:31Hope is not a strategy .
1:03:32SL is again , I'm telling you , sir . SL
1:03:34is again time-based .
1:03:36If we follow the time , time is the
1:03:38master here .
1:03:39So , we have to exit the position before
1:03:419:18 or 9:20 , whichever time we have
1:03:43decided .
1:03:45So , if I'm starting the analysis at ₹
1:03:47255 , I'm taking my trade at ₹ 320 .
1:03:50I'm exiting at ₹ 91 or 9:20 . One last
1:03:53question : where can my trader go wrong
1:03:55in this ? 90 % of the time , you can't go
1:03:59wrong because everything is rule-based ,
1:04:01but where can it go wrong ? Sir , in this
1:04:05particular scope of mindset , psychology
1:04:08, false hope , I was told to stay away
1:04:11from news , but I followed the news and
1:04:14picked that stock
1:04:17and the stock opened against me ,
1:04:20but I thought it would come ,
1:04:23but I thought it would not do this , it
1:04:25would not do that , so then
1:04:27this , Sir , this psychology , this 10 % ,
1:04:29as you say , Sir , again we are human
1:04:32minds , we are emotional as well , we are
1:04:35logical as well . So if we focus more on
1:04:37the logical aspect , then in my opinion ,
1:04:40there is no problem with the exit plan
1:04:42and the entry plan . The main problem is
1:04:45with the exit plan , and the problem
1:04:48with entry can arise when you are
1:04:50following the news or asking for a
1:04:52stock which is not in your area .
1:04:54You are doing it after seeing someone
1:04:56else .
1:04:56I saw the stock on TV and then all the
1:04:58conditions are being met .
1:05:00Secondly , I did not work hard today .
1:05:02Today I saw it with my own eyes . What
1:05:04happens sometimes ? We're saying apply
1:05:06RSI . We're saying apply CPR . You say no
1:05:09, there are the top three top gainers .
1:05:11Take any of their call options .
1:05:12Sometimes we're in a hurry . Don't start
1:05:15the process at 255.
1:05:17Don't start the process at 255. Start
1:05:20the process at 3:10 ,
1:05:21sir . That even 1 minute of market
1:05:24research will pay you a lot . You're
1:05:27wasting 15 minutes here . It
1:05:30could go wrong , sir . If you deviate
1:05:31from your habits , it could go wrong . So
1:05:33, if we're working on our rules , there
1:05:35will be a decent risk-reward ratio .
1:05:37There will be a decent win rate . No
1:05:39strategy has a 100 % success rate . But
1:05:42with a decent win rate , you can make
1:05:44money here . This is what you want to
1:05:45say . One last question , genuinely , just
1:05:47one last question . One bad trade and
1:05:49one good trade of years . And what
1:05:51lessons did it teach you ?
1:05:53Sir ,
1:05:54you can say good trades . Good trades ,
1:05:56sir , and bad trades come from the same
1:05:58experience . I mean , this is a genuine
1:06:01story . I took a trade on a BTST , and I
1:06:04was busy with some engagement . I forgot
1:06:07about that trade . So when I looked ,
1:06:11that premium of about ₹ 6 should have
1:06:14technically booked at 890. BTST was
1:06:17going in our favor . Technically , it
1:06:20should have been booked at 890. It
1:06:22booked , I think approximately around
1:06:25200 ; so that's a good thing . Now that
1:06:28₹ 60 premium has gone down to 200. It
1:06:30was fun ! I've once again left feeling
1:06:34so carefree . The market opened in our
1:06:37favor , with a premium of ₹ 90 , and it
1:06:39opened at ₹ 110 . We said , " Let's book
1:06:41it . " That 90 premium was reduced to ₹
1:06:4320 , and expiry was near . I'll
1:06:50call it a mistake , sir . Even if it
1:06:51turns out to be profitable , it's still
1:06:53a mistake . Even if the result is good ,
1:06:55it doesn't mean it's not a mistake .
1:06:58Deviating from the rule is essential .
1:07:01If I've selected a time to close my
1:07:04position , I should stick to it .
1:07:07If I'm in intraday , all my positions
1:07:09are bound to be closed before 3:00 PM .
1:07:11I've never taken any 3:00 PM move . I'm
1:07:13telling you , I don't take the 3:00 PM
1:07:15move at all . Because that starts
1:07:17planning for the next day . Why should I
1:07:19do it today after that ? My logic tells
1:07:21me we'll discuss it tomorrow , after
1:07:235:15 PM . So , I have to exit all my
1:07:25intraday positions before 3:00 PM . The
1:07:27same applies to BTST . If I have to exit
1:07:30everything at 9:20 AM , no matter where
1:07:33I am .
1:07:34So , you should set up a trailing SL .
1:07:37Set up a manual SL . Put some system in
1:07:40place . If you're not on a system ,
1:07:41delegate it to someone . Tell a friend .
1:07:45Tell a fellow colleague , tell a
1:07:46colleague , " Brother , there's a
1:07:47super order on Dhan . " You can
1:07:48automatically place both a stop-loss
1:07:50target and a trailing stop-loss .
1:07:52So , I don't think that will be a
1:07:54problem for our viewers . But we've
1:07:56learned a lot from your experience of
1:07:59both good and bad trades . I genuinely
1:08:01liked your point that even if you make
1:08:03a profit , that doesn't mean it wasn't a
1:08:05mistake . I made a profit on my mistake .
1:08:07And this is rather a mistake because it
1:08:09gives you overconfidence that you're
1:08:11making money by making mistakes . So
1:08:13that's a very important lesson to learn
1:08:14. Thank you so much , Gokul Sir . You
1:08:16discussed your strategy very honestly ,
1:08:18explaining both its pros and cons .
1:08:21Rather , as soon as you started your
1:08:22statement , you mentioned that it has
1:08:24one problem and explained how to
1:08:26overcome that problem to some extent .
1:08:28You can't do it completely . That's a
Final BTST Framework & Key Takeaways
1:08:30market limitation . So , thank you so
1:08:32much , Google Sir . I'm sure our viewers ,
1:08:34our users , will test your strategy , use
1:08:37it , and tweet it if they need to . If
1:08:39someone trades options , they will use
1:08:41it . And if someone doesn't trade
1:08:43options , they can start through the
1:08:44cash market . Please make sure that
1:08:46before using any strategy , whether it's
1:08:49discussed by me , Sir , or anyone else ,
1:08:51it should match your trading psychology
1:08:53. So , backtest it . As Sir suggested ,
1:08:56forward test it , and then gradually
1:08:58increase your volume . However , Sir
1:09:00advised you to start with just one lot .
1:09:02That's more than sufficient . Get used
1:09:03to it first . Then , after six months ,
1:09:05we'll discuss when to increase the
1:09:06quantity . We'll schedule another
1:09:08appointment with Gokul Sir . Gokul Sir
1:09:09also has an expertise on options
1:09:11trading . If you want a detailed video
1:09:13on options trading , or a detailed
1:09:14masterclass , please write " option
1:09:16trading " in the comments . I'll make
1:09:18sure I schedule another appointment
1:09:20with Gokul Sir and record this topic
1:09:21with him . So , let me know how you liked
1:09:23the video . Please make sure to like the
1:09:25video before leaving . We look forward
1:09:27to your thoughts , your comments , and
1:09:28your feedback . So , I love BTST . Gokul
1:09:30Sir asked me to write , and I've told
1:09:32you that if you want the next topic to
1:09:33be about options trading , please write
1:09:35about an options trading masterclass . I
1:09:37will personally ensure that all your
1:09:39comments and questions are answered ,
1:09:41and I'll also request Gokul Sir for
1:09:44time on options trading soon . Thank you
1:09:46so much to all our viewers , and thank
1:09:47you so much , Sir . Thank you .
1:09:50Investments in the securities market
1:09:52are subject to market risk . Read all
1:09:54the related documents carefully before
1:09:56investing .