Only strategy, you need for swing trading! @VijayThakkar |

Only strategy, you need for swing trading! ‪@VijayThakkar‬ | - YouTube Transcripts: (00:00) The point is that options trading does n't make profits. So, right now, you're an options trader, even if you're trading just one lot. If you're ready to show your PNL, please comment below. You're profitable or not. Many people say that technical things don't work. Do you believe this is true? And what has been the most profitable method in your entire journey? As a retail trader, what returns should I expect on a yearly basis? If you ask this question to the post-COVID generation today, they'll say 50 to 100%. Many people (00:32) ask, "Vijay Bhai, please tell me a scanner that shows us the stock and then we just have to invest in that stock." Nothing like that happens. No such magic exists in the world. But you and your cameraman brother will learn this method without even seeing it. But if I go to our Dadar and tell this to 100,000 people at Shivaji Chowk, I guarantee it. (00:55) Out of that, only 10 people will follow it in the beginning, right? I followed RSI and also followed Stock. Then a friend of mine told me that there are three bands in the stock market, one lower, one middle and one upper. I tried a lot of things but you cannot make big money with all these things. If you want to earn 45 rs daily then do that labour work but if you want to make big money then you will have to think big about it. (01:17) So right now Vijay Thakkar is using only God and Pujari. Price is your God. Pujari is your volume. Hi Vijay, we are aware that you come from the stock brokerage industry. Your family belongs to it. So I am pretty sure you must have been very inquisitive since childhood. You must be interested in the stock market. (01:41) So how was your journey exactly? How did you enter the market? How did you start trading? No, sir, none of my family belonged to the stock market. My father used to do a job and I completed my graduation. Okay, after that, just like everyone goes for a job after graduation, I was also searching for it. Well, till graduation, I did not have any goal in life that I want to become an engineer or a doctor, there was nothing like that, so I was going with the flow, we completed 10th and then all my friends were choosing commerce, so I also chose commerce and (02:17) joined college, after that college got over, then it came to my mind that brother, all the friends are looking for jobs, so there were many friends, like I had a friend Kevin, he already knew that he wanted to become a software developer, so he was studying for it during college, then after doing software engineering, he went to a software company, but I did not have anything to do in life because I had never planned anything, so after completing my graduation, I used to look for a job, that is, in 2008, I used to (02:48) carry my resume in my pocket, if I had to go anywhere, I used to keep my resume in my pocket so that if I get any opportunity, I can give it to the office and talk to them, even today I remember a strange incident that there was a broker at our place I mean, this broker is not a stock market broker, his name is broker, they supply vehicles, if anyone lives in Andheri then he would know, so I was randomly walking to their office, so I went straight to the office and submitted my resume saying, Sir, if you have any work, let (03:23) me know, so my life was like this and one day our uncle came to our house, he asked me what I was doing, I said I am not doing anything, I am looking for a job, and in this job search, six-seven months passed, so at that time I also worked in a saree shop, okay, if you go to Andheri station, there is one shop Lakheri, okay, some of my friends were working there, who had not studied, well, they were working there, so I worked there because after completing graduation, it feels like brother, brother, you still have to (03:57) give something in return to your family and you are not getting a job, so I was so frustrated that I said, let's wait until I get a job If you get one, I will work there. Then that uncle told me that the broking system used to work in a different way, there used to be a personal RM, so my uncle had an RM, okay, I still remember his name, Yogesh Kulkarni, if Yogesh has seen it, he will also remember it, so at that time my uncle gave me his number and said, son, do one thing, call this brother, he is my RM in Motilal Oswal, he will give you a job, (04:33) I said, friend, that's right, I called him on the same day and his office was in Ghatkopar, Motilal Oswal had a branch in Ghatkopar, so I went for the interview the next day, Abhijeet Salvi, who was the boss there, his team leader, he interviewed me, he asked me what's your name, what's your hobby, what do you do, and he said, okay, done, your job is confirmed, okay, and I was so happy that as soon as I came out, I called my mother and said, friend, I have got the job, it was written there, Sales Manager, so I did (05:07) not know what would happen in the future in the job. Yes, but then my career started as a salesman in Motilal Oswal. There I learned what broking is, what is the share market, how is brokerage calculated. It is a simple thing now, but trading was not like this 20 years ago. Earlier, there was 10 paise for 1 on 2 intraday. (05:28) So, those who did not even know what the share market was, so it started like that. Then while working there, I learned a lot of things. [Music] I was a sub-broker in the Reality branch. I used to come in a very nice, lavish car and I used to come in court votes. I am talking about that time, 2008-2009. His monthly brokerage, which was for sharing, was around Rs. 6 lakh. (06:02) Okay, I am talking about that time. Now, perhaps those people have become very big and they used to do trading in equity. I mean, business in equity became a thing of the past. So, I thought, why don't I also become a sub-broker? Then, in 2011, the market crash came and I was planning this. I never thought I would become one. (06:20) In 2011, Motilal Oswal fired a lot of sales people. I was one of them. So, I said, let's fire myself right now. Instead of going to the next job, I will start my sub- broking business. So, I went to many broking houses and enquired. I guess no one takes deposits, or if they do, they must be taking a very minor amount. (06:46) At that time, I came across Angel One, which is now Angel Broking. They told me that their office would require a deposit of ₹1 lakh. So, I arranged the deposit from somewhere and started my broking sub-broking business in 2011. So, if you think about it, I had no plan, but it was destiny that I had to come here. I think you started in 2011. (07:12) So, today, whenever we read on the internet about your industry and your background, it appears that you come from the brokerage industry. This is the reason that we feel that from there you came into the brokerage industry in this way but from there how did you move towards technicals and teaching, then this story is also very interesting and I had learnt one thing in life that if you are in any field then it is necessary to become a master in it and you will have to increase your brand value there because you think that I am a sub-broker (07:46) in Angel Broking, that is, there are lakhs of sub-brokers like me in Angel Broking, so what difference am I creating and how was it in those days that you are giving 50 paise brokerage to your customer in delivery and if someone is giving 40 paise then he used to take direct transfer, so there was no sustainability of the clients, so I said that how do I keep my clients with me and how can I have proper revenue, because at that time I still remember that I and my friend Premlal, he was also a broker of Angel One, (08:16) so we used to check our brokerage every week, brother How much brokerage did we earn last week? Because that was my bread and butter, that was what ran my house. But I never did any miss-selling to any of my clients for brokerage. I never did any miss-selling. So, I was very determined from the very beginning that even though I will eat roti and chutney, I will eat it in a respectful manner. (08:43) I will not cheat anyone to eat such pizza. So, while doing this, there were some people in our office like me. I am taking all your names because when I am sharing this with you, all the flashbacks are playing in front of me. There was a person named Rakesh Shah in our office who used to look at the charts. So I said, what do you mean, nothing is going to happen by watching TV. (09:04) Right now everyone knows what the TV people do. But even at that time, I had a sense of humor that the results are coming good and these TV people are saying it is good, but the shares are falling, so there is something wrong. I mean, you can never move forward by watching TV. So, I said, I will have to do something so that We can guide good clients so that our clients stay with us. (09:27) Even if the broker pays 10 paise more, they will stay with me for my guidance. So, I never asked Rakesh ji to teach me. I would sit with him for half an hour, sometimes for an hour, and sometimes I would say, Sir, please tell me what this is. While doing this, we learned about technical analysis. So, why did you choose technical at that time? I mean, fundamental analysis was an option that you could choose, but where I used to sit, there was no one to look at fundamentals. (09:56) And now, if you ask me after 11 or 12 years, I will tell you that I am shifting to fundamentals now. I will tell you the reason for that later, but right now I am trying to learn fundamentals. So, from a technical point of view, many people also say that technical is something that probably does not work, especially for retail traders. (10:16) So, it probably does not work. Do you believe this is true? It doesn't happen like that. There are many things, like many people say that even fundamentals don't work. So look, everything works. You believe in God, I believe in energy, right? You've never seen it. Now, I'll tell you a few things here with your eyes closed. (10:34) I'll be a meditator. Then I'll ask you to open your eyes and tell me how you feel. You'll obviously say, "I'm feeling good." That's our intuition. It's a matter of our belief or disbelief. So, I won't say that technical analysis is everything. Fundamental analysis is nothing. I've seen this these days. (10:57) People trade with astrology, meaning they do it with astrology. We ca n't insult them by joking and saying that it doesn't work. If something is working for you, then it's right. Simply, I'm assuming there are many different trading styles using technicals. Some trade on a daily basis, some trade on a weekly basis. So, look at the different types of traders in the market. (11:24) You must be aware that I start with small time frames, that is, I trade by looking at very small time frames or I try to scalp by just looking at the price movement, that is, I bought at 10 and sold at 15. That is generally called scalping. After that, when the market opens at 9:15 and goes up to 3:30, you try to find some opportunity in between and in between you try to trade something by looking at 15 minute or 30 minute time frame or 5 minute time frame. (11:54) We call that intraday trading. Then if you consider at the time of market closing, like today when we are making a video on 21st April, today at the time of closing, Nifty got a bad signal, meaning the candle wise Nifty went bad. So there are many traders who will sell today and buy tomorrow if the market opens, that is called STBT (Sell Today Buy Tomorrow). There is also BTST. (12:18) After that there is swing trading which you do for three to four days. Positional trading is something you do for a time frame of more than a month or 15 days. After that, there are short-term trades, which you carry forward for three months, two months, or six months. After that, there is long-term investment. (12:39) Now, there is no definition of long-term investment. In fact, Buffett says buy and forget forever, but he himself does not do it. But according to our government, whatever happens over a year becomes long-term. So, this is very subjective. This entire field is completely subjective. What do you prefer as an individual? I have done a lot, sir. (13:01) I was a broker, so you cannot believe that I have also done scalping. I have also tried intraday trading. I have also tried BTST. There was a time for BTST and STBT. Chetan knows that when we are here, at the time of market closing, when I said something like, ' Brother, this BTST is being made,' then our entire office, that is, at least we people who deal in futures at FAO, We used to take as much as 100 lots, okay, that means for the next day, there was a time, we used to do that much BTST as well, then I focused a little on positional swing (13:35) trading and now what I am telling you today is basically short term trading, okay, and what is your time frame generally, my time frame is weekly or monthly, and in this entire journey, when you used different types of trading styles, then which was the most profitable method, see, for me the most profitable method is the one I am doing now and why are there no others, the reason for that is maybe all those things did not make some connection with my mind or they did not suit me, like in scalping, so for scalping you have to be on the (14:07) front of the screen the whole day, that means not at least the whole day, but whenever you want to take that trade, you have to be on the screen, your execution should be fast, you took and sold quickly, that means there are many such things for intraday, so anyway, you will have to be in front of the screen the whole day or you will have to set alerts Whatever you are studying, I feel that all those strategies are very stressful, they require a lot of hard work, and if you can get the same result for the same hard work, that is, if (14:41) you can get the same result from something else, then you are not following a retail trader, like I am using any of these methods, then how much return should I expect on an average yearly basis from the market, now if you ask this question to the post-Covid generation today, they will tell you 50 to 100%, that means I am a broker, so I know that the post-Covid generation says the same thing, and by the way, if you generate returns on Instagram 2 30, that is a very good return, according to you, in 30 years, your money will double in two years, (15:25) in two-three years, your money will become equal to eight years, at that speed, if you continue at that speed, it is not mandatory for me to get more returns, it is very important for me to remain consistent. Staying in the market, yes of course, if you do n't stay in the market, I mean, I've heard many stories of people squandering so much money in the market that they went bankrupt. (15:50) Then they worked for four years, saved money, and then came back to the market. I can understand that happens too, but if you stay in the market, I mean, in Gujarati, it's like this, whether a customer comes to your shop every day or not, you have to go and open your shop and warm the seat every day. (16:11) You never know when that big customer will come to your shop. So, that's the thing, so your assisting setup, which you're talking about, in which your time is n't that dedicated, yet you're able to generate good returns. So, can you tell us something about that setup? Definitely, I'll tell you about our, okay, your D too. (16:32) So, basically, I follow momentum investing, or momentum trading, as you call it. So, what is its concept? If you look at what happens in the stock market, demand and supply, if there's more supply, the stock will fall, and if there's more demand, So if the stock will rise then as you know I always think of buying, I have never thought of selling, meaning if the market is bad then I put a stop loss on my stocks and move to the side, but I do n't prefer to go short, so I always look for demand, where is the demand in the market, it can be in the sector (17:09) also, it can be in specific stocks, so over the period of time I have found that if there is good demand in the sector then you should find the best stock of that sector and sit in it, okay and if that sector is running then it will run for four to five months, then in four to five months, those stocks will give you good returns, so this is my concept and I generally prefer the stocks with 52 week high and all time high, now again the one which is hitting 52 week high, what does 52 week high mean, it is the top price of the entire year right now (17:43) and what does all time high mean, the same demand, so my method is very simple, 52 week high and all time high Scan stocks. Wherever I find my setup, I initiate a trade. Okay, and then it takes two months to complete. If the market is doing well, it's faster. Can you tell me about this scanner? How do you scan? This scanner isn't a big deal. (18:12) Generally, if you go to Google, you'll find NSC data here. Click on it. Just look, I know a lot of people ask me, "Vijay Bhai, please tell me about a scanner that will bring up stocks for us, and then we can invest in those stocks." Nothing like that happens; no such magic exists in the world. So, if you want to invest in the stock market and you're willing to devote at least one hour a week, which I believe you'll have to do for this method, today I guarantee you one thing. (19:04) I don't know whether you have any interest in investing or not, but both you and your cameraman brother will learn this method without even looking. Okay, I'll tell you how. Now you searched for "52-week high." Now look, here we are seeing the names of some stocks. Now I know from which second my setup is forming in that stock, so I'm going to quickly go up. (19:28) Otherwise, what any of your viewers has to do is, once the name appears here, you take it, copy it, go to the chart and simply paste it. Because now you can also write. Obviously, pasting is not necessary. Okay, but you have taken this chart here. First of all, you have to keep your time frame as monthly and weekly. (19:49) Okay, so now whatever you see in the chart here, look at this, right now my setup is not forming in this chart. But why did this chart come in our scanner? 52. Because it is moving in the category of 52 and all-time high. So we do n't have to do anything inside it. Okay, this is not based on my method, though I do n't get the stock of my method that easily, but I will tell you here, if we are getting any stock edge of now, okay, so just now, like this is NTPC, we copied the name of NTPC here and you can see here on the screen, I had (20:28) already done something, now look here, this was the high of NTPC in 2008, okay, what was its high in 2008, 242, okay, now before I tell you this thing, let me ask you a question, suppose you had bought NTPC in 2008, you had bought it at 240, you had also bought it, now in 2008 you bought it at 240, after that, that share fell to 10, you did not place a stop loss, you do not have any knowledge of the market, you bought it on the advice of some news person or on the advice of one of your friends or right, okay, but if you do not have the right knowledge (21:31) So I call him a retail trader, so now you tell me what will you do, will you hold it, okay, its price has fallen to 90, what will you do now, will you forget, what will you do, okay, you will sell it, you will forget, the money is gone, so this is what happened in 2014, you had bought it in 2008, you got tired and left saying, friend, leave it, but you stopped, in such markets, many such people come, due to which buyers and sellers are created, right, today you saw your 2008 price again on TV, hey friend, NTPC, my price has come, (22:12) what will you do, I will sell it now, you have not kept anything, you have that scene where you say that I sold and it went up and where I bought it, it came down, if you talk in such a market, then what does the rule of demand and supply say that the one who bought in 2008 will remember his stock again, he actually has not forgotten, he checks it once every day, but if its price If the price rises, he will sell it at 2-24, but unless this selling is observed, this stock will not go up because in 2008, it was not only you who (22:50) bought, many people like you had bought, so the selling of all these people gets observed at a point and from there a new demand starts and from there the stock doubles, okay, now you sold, but look here, this is a monthly chart, that is, if I do it weekly, then you will know that look, how much time did it consolidate here, so this is consolidation because of the behavior, the old buyers come back to sell, I call this consolidation near the resistance and whenever any stock comes near its resistance for the (23:27) first time, it does not break out directly, it is very rare, it is one in 10, if it is doing so then you should be worried, it will fall back too, so here it consolidated and then see, this stock has fallen from its high which was in 2008 It was of Rs. 1000 and now its price is almost up at 40. (23:46) Okay, so what is my time frame, how much time did it take, if you do a monthly time frame then you will know the exact time, look, one or two months, so what is its target in general, its range, its high of 2008 and the range of the low it hit where your brother had emerged, that is, the range of its all-time low, you have to add that after the breakout, that will become your target. (24:12) Yes, its expected target is coming to 400. By the way, I do not have this stock, but to explain our concept, I am telling you why you selected this stock and why our second stock which came, yes, let's come back to it, the stock which we discussed before this was named 361 something right, so see why did we select NTPC here because it is of 2008 or it is of 2008 or it would have been the high of some other year for me 3 There should be a previous price of more than a year, that high was breaking here right now, so if you see, then (24:50) a pattern like this has formed, meaning this company first started, then ended, then came back to life, right, meaning it died once, went inside the cover, and stood up again like an undertaker, so we like such companies more, right now if we look at that 360 company, then see, that setup was not formed in it, right, its IPO came here, after that, I mean, I had such a long time, no, no, okay, right now I will tell you the same setup, there is a stock last in 2017, now it should go up, how much should it go, you can tell, (25:33) we will have to see its low, right now how did you say that brother, from here its high was, this was its low, pick it up and look at it, it came straight to you, I will go now, then my work is done, right, this is 15000, 16000, its price can come and you are seeing here, here it was consolidating even after the breakout, okay, right now And one, in 2017, I think the price had gone to 00, at that price, there is another stock, its name is Ashok Lallet, okay, it had hit a high in 2018, we broke out here again, (26:07) right now it has been consolidating for nine months, now it had consolidation before its breakout, there is consolidation after it as well, now why does this consolidation happen after the breakout, let us understand that a stock has broken out, its sector is also strong, the stock is also strong, but the market condition has deteriorated, okay, so if a stock remains strong then it will not fall down, it will consolidate, it will pass time, it will stand on the side and tell the market to do whatever you want to do, (26:35) fall as much as it wants, when you stop, when you have a little reversal, I will start moving, then my patience will not be tested in this, for Apple a trader, I have been waiting for months, this is the game, this is the game, right now the thing that I am teaching you, I will go to our Dadar and teach one lakh people at Shivaji Chowk. (26:57) If I tell anyone, I guarantee that only 10 people will follow it, correct? What is the reason for that? I know psychology, correct? You cannot make money with a system, a system is a method, just like you have made a video with many people, right? You must have heard many methods. Now you first asked me, do you think you can make money with this? Money can be made with that. (27:19) Money can be made with all methods, it is just a matter of mental belief. Now look, let me show you a recent example, as we said, sometimes some stocks move even in two months. So look, this is a stock called MRPL. There has been no consolidation in it yet. There has been no consolidation in it. If you go to the smaller time frame, weekly, then you will see some minor consolidation there, but look, after 16 years, this stock's high was in 2007. (27:47) It made its first attempt in 17, then it fell back, then it came back. Its range calculation was 276, two months, two months have not even been completed yet. January It broke out in the month and within two months this stock has given returns of almost 86-90. And there is another stock which I am giving you as an example, like in Chennai Petro, I have personally traded and I have also traded in MRPL, so tell me about Chennai Petro, is there any different thing from what I told you just four-five minutes ago, everything is the same here, (28:22) its last high was around 78 in 2008, I think, and now it is the same thing, after 16 years, it was going above 450, there was no need to use any brain here, and this stock took 6-7 months, but it gave 100. Now, out of these examples you gave, which was the most successful trade among your previous trades, which gave you returns very quickly, like in the recent example, there was MRPL which returned the money within two months and there was a stock like Tata Power, which also gave me good results. Now I will (28:58) show you the chart of Tata Power, see your job is to follow the process, who will give fast return and who will give slow, see here Tata Power had done a breakout of 13 years and my target was this, now it has broken its second level as well and gone up, so this method will not only give you 100% return, this method can give you five times seven times also, but for that you will have to learn the fundamentals, okay, because now I will tell you what my biggest mistake was, okay, I tell this to a lot of people everywhere, (29:30) look, this stock, its name is Persin System, it is some software related company, in 2020 after Covid, it gave a breakout here at 950 and this breakout was after 6 years, now what my intelligent mind says is that brother, calculate the range and place a bet after the breakout, if it comes then get out, now brother, this stock, I sold it by tightening the collar in four months for 1600, now how much money did I earn in this, if you calculate from here to here If you do this, you will earn as much as you did at 50-60. Now look at where this stock (30:10) is. The stock which was 950 is currently trading at 800 and since 2020, not even 24 years have passed. If you calculate its returns, then this stock has given you a return of 689, which means this stock has become almost sane from your price. Now what was my mistake in this? My mistake was that I did not know about the fundamentals. (30:33) And this company was earlier a very small market cap company which was doing well in its software business, so it got the trigger from there and this company continued to grow. Now, as I told you in the beginning that right now I am also trying to read a little on the fundamentals side, so I am doing that because when you will get 20 trades in a year, now for me, I need only 20 trades, correct, I need 8 trades of the year because you will not get such trades every day. (31:01) Right, I got 20 trades of the year but maybe from that If one or two turn out to be persistent, then how will I know about that? For that, you will have to study the fundamentals again, you will have to study a little bit, so that is why I am working hard right now so that I can understand the fundamentals, understand the business, so for that also, you cannot learn so much over the period of time in one year, like this method which I am telling you so confidently and so simply, is very simple to understand but difficult (31:33) to execute because when you are buying shares, you are buying at an expensive price, the most expensive price till date, then the old man would say, hey, you are buying NTPC now, are you crazy, I bought it in 2008, my brother has just come, the price has come down, so for this you will have to be very strong mentally and you will have to listen to everyone else, like I have a friend who says every day that the market will fall, the market will fall, the market will fall, one day it will be right, yes one day it will be right, but (32:06) that mentally affects me too. Yes, right, right, so you have to listen to everyone but it is only your responsibility to do it, but when will this confidence come in you, when you actually trust your method, just like I followed this thing for six months, followed scalping for six months, followed intraday for four days, then where will my confidence come from? Now you do n't have to do anything for this, if you are giving half an hour a day, that is very good, okay, if you are giving one or two hours a week for scanning stocks, then (32:41) that is also fine, for how many years have you been following this method, see, in the beginning, I followed RSI as well, okay, I followed Stochastic as well, then a friend of mine told me that there are three bands in the bearish band, one lower, one middle and one upper, if the upper cross goes above the middle band, then it is a buy and then it goes above the upper band, then it is a stronger buy, as if it broke the middle band, sell it, I have tried all this a lot, but you cannot make a lot of money with all these things, if you want to earn 4-5 thousand rupees daily, then that You work as a (33:14) labourer but if you want to make big money then you have to think big, right you will have to think big and now you noticed that we have not checked the daily time frame yet and we will not do it either, now your viewers will say that Vijay bhai, you have said enough by giving examples from the past, tell me some recent or nearest example, so I told you about Tata Motors and Ashok Leyland, a stock, right now I feel like whether I should say that or not, but this example is happening right now, that is why I am telling you, the (33:49) name of this stock is National Aluminium, its price in February-March 2008 was 145, okay, now recently this stock has broken out here, now you tell me what do you think its upside target should be, its downside range is as much as it should be, okay, so now see, you have got it, now you will have to pay me a fee, it should go up to 0, yes, so see, right now we have made it 260, now its target is 250, you have done that in calculations also, Babu Bhaiya, you are like this, I mean you said it quickly, so think, now if this (34:22) stock which was 145 goes to 250, then what percentage return will you get, here it has become 2x, almost 1.5 will get 100 return, in this you have to calculate the position sizing as per your requirement, your viewers will ask what stop loss to place, so see what is the stop loss, either you can place the low of the breakout candle, sometimes you will have a stop loss of 8, sometimes your stop loss will be 10, but your return is from 0% to 100%, so the risk reward is very favorable, so if you take 10 trades and (34:57) I say that you do not know anything, you have taken the trade only after listening to my video, but if you follow all these things which I am telling, then in your five trades you will have a loss of 50, at the rate of 10 per 10, but if in the other five trades, if you generate a return of 50 in each trade, then it is 250, then still you will make a profit of 50 But take out the NOS, your return is 200%. (35:20) Your broker is not like mine. If you have money, your brokerage will also be less. So, your then I mean your net worth in profit. Sometimes it might have happened that this trading setup might not have worked. It does not work every time. No, no, no, this happens. So, let me give you an example of that recently. (35:39) There is a stock called Ayer Motors. You must be aware of Bullet. Look, its breakout happened here in August. It went above 2017, but it came down again. So, it cut my stop loss here. Then again, I will avoid it. This is the stock in which my price took me to 10. Okay, so did you read something fundamentally in it that you got confirmation fundamentally? No, no, I have just read it. (36:04) I mean, when we are talking about fundamentals, I have been trying to understand how PE comes about since four months ago. Right now, I believe that if you want to read or understand anything, then If you start from the basics, I think it will take me at least three to four years to understand the fundamentals properly. (36:26) Firstly, like you just told us about trades, for example, I don't believe in such 20 trades identification. What do mutual fund people tell you, you should diversify. What do financial planners tell you, sir, put a little of your money here, a little there, diversify. But you cannot make big money from that. When will you make big money? When you take concentrated trades. (36:57) The current Vijay Thakkar takes concentrated trades. But the earlier Vijay Thakkar, if he had 10 lakhs, would put one lakh rupees in 10 stocks or two lakh rupees in five stocks. Now you will say that after putting in five stocks, I am getting a new opportunity and my assisting trade has not hit the stop loss or the target yet. (37:18) So, be patient and wait. When your rolling starts, there will be an exit and another entry. This can happen like right now. Let me show you a recent example, I do n't have any money left right now, I mean I have invested a little in my stocks and in all these places, though I have also emptied my portfolio a bit, but right now I do n't have liquid cash freely available, I have deployed motor at other places, right now as I told you, what do you think Force Motors is again reaching its 2016 high, it should go that much higher, it should (37:56) reach 10,000 from there, correct right, now this trade is very favorable for me and this company is also fundamentally turning around, so right now I have to invest money in it, but I don't have money, and right now it has gone much higher than my price, so you can see two dotted lines here, Force Buy One, Force Buy Two, I have put an alert, okay, that when Force falls here in the weekly time frame in the future, okay, then you will do it, then I will arrange from somewhere and buy it, you don't do this, for example, (38:27) you have taken some previous trade in which You are seeing an upside of 70 and right now you have seen a new trade and suppose you do not have capital, then there was an upside of 70 there, here you are seeing that maybe there is an upside of 140 or an upside of 200, so will you switch there? Your idea is good but I do not do it like this because what is it, then you look at so many things, what was the logic of following this method that you have to work peacefully, it is not necessary that by doing all (38:55) this you will not make a difference of more than 5% in your portfolio, right, if you see the performance of the overall portfolio, then finally you manage the risk in this way, just by placing a stop loss on the candle formed at 8, 10 or whatever, see, the logic of risk management is very simple, if the breakout area is 100, then you should place a stop loss below 100 at 4 or 5 and above 100 at 4 or 5, like that 4 on 5 above you If you take an entry and place a stop loss below 100 at 45, then your total risk becomes 8-10%. (39:32) Why did I say this now, + at 4, - at 4, at 5, it has a normal reason, if the stock is breaking out after so many years and it is so strong, like Ashok Leyland, it is not falling below the breakout level, then its Lakshman Rekha, it will not fall below it, if it does, then I will let it come at the maximum of 4, if it goes below it, then I will exit and if it goes below it, then it means that it is going to fail, as it happened, so if we look at the entire year, for example, it was the year 2023, then how many such stocks do you (40:04) find in which this thing is visible, 2023 was the last year and I will tell you more specifically, in the rally that came after Covid, many stocks were found, that is, more than 30 stocks were found and they also gave returns quickly, there were very few stocks which cut the stop loss or It took time to consolidate, but the market is currently good. (40:28) I wouldn't say that this is my method. The market works very well. Yes, I've been following it for five or six years. However, it's moving as fast as it is now, not as it used to before. Because the market's liquidity has increased. Our retail traders are also investing more money in the market. Despite the selling by FIs, our market is n't falling that much. (40:48) So, considering all these things, the market is good right now, so you'll get faster returns. But look, right now, this question will come to your mind: Vijay Bhai, what if the market goes bad? Suppose you have 10 positions, maybe your stop loss is hit in eight out of 10. You'll come back to cash. Until the market improves, you won't get a new opportunity. (41:07) So, ultimately, you'll automatically come to cash. There's no bearish setup in this, that it's moving in the opposite direction. So, sitting in the market, I mean, whatever I've explained to you, if you want to follow it in a bearish way, then do the opposite. Okay, but I don't do it because I already told you that I am a bit of a buy-side person, so when I go to buy, I think that if I have Rs 5 lakh, then take equity worth Rs 5 lakh and leave it. (41:34) There must have been a year earlier in which the markets overall are not performing so well, the markets are consolidating, so any stock that wants to give a breakout is not able to do so, as you said, it is standing on the side and waiting. So, which year has been good for you and you have seen that in many of my starting learning years, 2018 and 2017, what was it like in all those years, the market was good and bad, it was very volatile, but now the more confident I am and the more clear I am about my rules, all these rules have been made because of all those mistakes, sometimes (42:07) my stock would fall below 30, even then I am waiting, so then I realized that if we do this then how will we earn money, so then I bought all these caps. Put, I mean, I am sitting here right now correcting all the mistakes that I have made in the past years. And just now, the mistake that I told you about not understanding the fundamentals, after correcting that mistake, we will probably meet again after two years, three years. (42:30) And do you use this application only on large cap stocks or mid-small stocks? Sir, it works very well in mid-caps and small-caps. And even if I tell you, all our viewers on my channel know that the same pattern happened in Nifty 8. Look, this 2017 breakout happened in 2022, it consolidated. Okay, which now [music] so that index index has given you a return of 50. (43:05) Okay, so look, this is Tata Motors, I mean, we have done all these trades. Tata Motors also broke out here. Now, look, you are noticing here that I have already drawn a line above, so these are our targets which come from range calculation. After that, we took a trade, after that there was a trade which I missed. (43:29) Okay, which It was of TVS Motor, okay TVS Motor, I think, has run the most in auto, right, right, so in my method, only three things are important, time, price and volume, volume, and do you see any indicator here, I was asking the same thing that you should not mix any indicator with it, see, you will keep seeing here that here I have put a moving average of 200, but I keep it hidden, here is the Barren Band, Super Trend and this is the CW Sigma indicator, that is our Rakesh ji, it is his indicator, so it is lying here like this, it has no meaning, I never use it, (44:05) when we made the video, at that time we used it, I use it in Super Trend, to trail after my targets come, that is the different method, Barren Band, I have a friend, whenever he takes my laptop, he uses it, okay, so now I am using only Bhagwan and Pujari, that is price, price is my Bhagwan, Pujari is my volume, okay, I mean, we people say that you are in the temple When you go there, you find only two people, God and priest. (44:35) Yes, so if two people meet at one place, then your work is done. Right, many retail traders who come here, I am pretty sure, they may not know so many things. So, from the psychology point of view, as you are saying, the most important thing is the strategy, it may work for everyone. So, from the psychology point of view, their So, what is your opinion that you should do these things for them? Given they are just coming into the market and they can learn from your experience. (44:57) First of all, I want to tell them that first of all, you should identify yourself, what do you want from the market, what returns do you want to earn from the market, if you are happy with 20-30 like me, should you be happy or not, should you be happy, I just don't think so it's a bad return according to me, so look, I am also running my own business, obviously trading is also my business, but today you tell me, which one, you also run a startup, I wish that you make good profits, but is generating returns at 203 bad from a business, no, it is (45:32) very good, and do it consistently every year, then it is good. Secondly, see that we are talking for a very long time, I am not telling you that 100% at 203 now, then later nothing in one year, no minus in the second year, we have to think consistently for the long term, so first of all, no one Anyone who wants to start trading, even you, should first sit quietly and take a day off and think about what you want. (46:04) Are you happy with the returns of FDs? Are you happy with the returns of mutual funds? If not, then that is why you are coming to the stock market. You are not coming to the stock market to figure out how to deal with it. I am pretty sure that the younger generation gets influenced. The one who is showing off to you, boss, from my experience, he is fooling you. (46:34) I want to say something more but I will not say that. Okay, but the person in your life who is showing you off, I have never traded till date by keeping a bundle of ₹ lakhs next to his trading platform. I think the most important thing in this is stop loss. There are two-three such methods of stop loss which people should definitely use and what is its importance. (46:54) Stop loss is very important. Like I told you that when I was starting out, my stock used to go into minus at 303, but I am fine, I will come. It will come up but what happens with that is you are losing two things, you are losing time and opportunity which is not going to come back and if you had said sorry to the market at 10 and exited at that risk of 30-40, then you might have got another opportunity as well. (47:22) So I have learnt this thing after a long time that it means your trade is wrong, even today I am wrong, even today I cut my trade, okay then I said, okay brother, today when we were coming, I had done a trade for a similar time pass, so I asked Chetan, Chetan, what is the total of these two, he said 32000, I said okay, now why did I ask Chetan, Chetan does n't know but I know, I will cover that money the next day, so I remember in my mind that on this date I marked 32000 as time pass, right, so I have to take it out, right, but I do (48:00) n't have that. That money was there, I could have carried it forward, but I didn't because this wasn't my day. Right, simply, right. So, basically, your setup works very well even in cash markets. It works best in cash markets. So, what is your opinion for the current public who are coming and want to trade in options? I do n't have anything for them, for them, you mean a blessing to me that you can earn good money. Look, money is made in options. (48:28) But I will again talk about its consistency and sustainability. You can open your ledger and open your PNL yourself and then answer in the comments below. Right, because I have tried a lot since 2011. So, right now, this means you can do your PNL. If you are ready to show it and you are an options trader, even if you are trading just one lot, then comment below whether you are profitable or not. (48:56) If you get a response, look, again, I am not saying that I am my broker, I need an options trader, but The point is that there is no profit in options trading. Okay, and the amount of stress you are taking, I have seen such people who do not sleep at night after taking a position. After taking a position, they go home and get irritated with their family. (49:20) Their anger is due to some other reason than that they have taken the position. And here, this has just happened, Nifty was trading at one point, earlier the S&P was going up, the time edge is down by 200 points. So, for whom are you earning money by taking so much stress? It is for the family whom you are abusing, whom you are getting angry at, it is for the child with whom you are not even able to play because of the stress. (49:42) Right, so Vijay ji, one last thing I would like to know is that there are many people who not only trade in options, but even when they go into options, they go only for buying because buying is a simple thing, less capital is required. So what is your opinion for them? I mean, they lose less capital. So, what should they do? The first opinion is this, but the one whom you follow Unfollow those who earn money by trading options by owning cars or wearing Rolexes. (50:07) Because if they could make money, they probably wouldn't show off. And I've seen that people who have a lot of money never show off. The change is more common, not the notes. So the first thing, the second thing, is why people trade options. People think that right now I have less capital. (50:32) For example, if I have 20,000, I will convert it to 1 lakh by trading options. I will invest it again and then invest it. As Vijay Ji mentioned, but my brother, you can also do it this way. You can invest 0,000 in a breakout. It's not a big deal. You made 30% or 20% or 15% in 000 or I made 15% in 1 crore. Although our values ​​may be different, but the returns are the same. (50:57) So, do the right things as quickly as possible. If you are doing well in options trading, then best of luck. I would be very happy for you. I would never say that. I have many friends who trade options and they are doing well, so that's fine. They're right in their path, and I'm right in my path. But if it doesn't suit you, your PNL still isn't profitable, and you're taking a loan to recover it after losing capital, then you're making a very big mistake. (51:30) So overall, what do you think? Where will our entire market of traders, or traders, go from here? Will they mature in 10 years? They will definitely mature because, look, if a person gets hit once, they will mature a second time. No other trader will come in their place. The one who is just entering the market will come. (51:47) But look, sir, this is a cycle, it will continue. But our job is to guide them. I mean, I wish that after watching today's video, people will understand this. I'm still saying that my friends will call me and shout at me, abusing me, asking, "Are you saying such things about me?" "Hey, man, do you have any enmity with me?" No, you guys are very experienced people, you have learned a lot over the years, but this is about someone who has just started and is starting with options. (52:14) This is like you just learned driving on the first day, you got your license, that can be the easiest way to make money. If we are bullish on that thing, but look, if you have traveled to any country in the world, not Pakistan, not Afghanistan, I mean, a developed country, then recently I had an opportunity, so I also went there, and I saw the infrastructure of the country there, the manners of the people there, I mean, people there have a lot of patience, I mean, we were mostly in public transport there, and the development there, the (53:00) living there, the per capita income there, right now there is nothing in India, so I am not saying that the price of Nifty will reach 50,000. I just want to tell you that no matter who is the government, like at one time, Sachin Tendulkar was in our Indian cricket team, he is still in the team, he was in the team then. (53:23) So when he used to get out, people used to switch off the TV, but after his departure, it seemed that what will happen to our team now, but perhaps we have got more success after him, not because Sachin ji left, because at that time there was only one player like Sachin, many players were made because of him, yes, now we have many players like Sachin ji who got inspired by him, so now our team has become stronger, so any country or anything is bound to grow, so our country's growth has just started and I am not selling you a mutual fund (53:55) because when I was saying this, I thought some mutual fund manager was saying this because they say like this, but this is normal, you are born, you will also die, you will also rise, so the market is also bound to rise, yes in between, if many governments go here and there, then helps will come, you have to see that opportunity and do something there, a good thing, correct I am pretty sure everyone must have got a lot of insights from this podcast, very basic We learned the strategy but at the very same time it was also very useful, so please (54:26) try it and make sure that you get some good trades, such good investment opportunities which are easy to execute but at the very same time generate good returns for you. Thank you so much Vijay, thank you, thank you sir, thank you.