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ये Indicator बनेगा Option Buyers के लिए Bhrahmastra | @DrDevendraRenkoKing | SKP EP79 — Transcript

by Sanjay Kathuria Podcast · 15,356 words · 2,797 segments · language en · Watch on YouTube

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0:00Where are we missing the psychology, if
0:02option buyers are to make money when
0:03sellers are making money, and in
0:05intraday Nifty or Bank Nifty—whatever
0:07asset you're working with—is moving
0:09somewhere, if we can identify that,
0:11then
0:12Even after having so much knowledge,
0:14people are not making money.
0:15That is how all the trading in the
0:16world is happening, whatever is going
0:18on. Whether you are doing a job or
0:19anything else. Who is feeding it in the
0:21end? Companies.
0:22How do companies stand out? If our
0:24stock market goes down, then you go
0:26down. What I have experienced is that I
0:31gave all my trades from April to July
0:33to Claude, and I said, "Brother, this
0:35is it, I made money, made a lot of it,
0:37by God's grace, but what mistakes did I
0:39make?" It analyzed everything and
0:41pointed out three mistakes: "If you
0:43hadn't made these, your profit would
0:45have been..."
0:47Dr. Devendra has traded himself for 13
0:49to 14 years, finished his PhD; there is
0:51no one else in India who has built an
0:53indicator of this kind, so he thought,
0:55"I will build an indicator where the
0:57probability of winning is very high."
1:02The conversation I had with the doctor
1:03today, we have decoded everything: how
1:05an option buyer can also make money
1:07systematically with low risk.
1:12So now, the institution that will print
1:14a red color on this chart, a red candle
1:17We
1:17Then that guy
1:21These are the ones who are becoming
1:23unsuccessful. It's things like these
1:25that are making them unsuccessful. The
1:27major thing I saw is that. So friends,
1:36today I am very excited because a very
1:38good friend of mine, Dr. Devendra, who
1:40is a very educated trader. People—
1:43these two words generally don't go
1:44together. But he is a highly educated
1:46trader. He is a mathematical trader and
1:49a system-driven trader. He has traded
1:51himself for 13 to 14 years. He
1:53completed his PhD. During that time,
1:56when he realized that there is no one
1:57in India who has built an indicator of
1:59this kind, he thought, "I will build an
2:01indicator where the probability of
2:03winning will be very high." You all
2:05know I do option selling, and I used to
2:07feel that money cannot be made from
2:09option buying. But the conversation I
2:12had today with Dr. Devendra, we have
2:14decoded everything: how an option buyer
2:16can also make money systematically with
2:18low risk. He has completely explained
2:22his indicator on that. Gave a complete
2:24rundown of it. Explained the
2:26mathematics of how it operates. This is
2:28going to be a very detailed podcast. So
2:30, watch it till the end and sit with a
2:32pen and paper. Otherwise, you will miss
2:34out on things beyond measure. Watch it
2:36to the end and understand things
2:37thoroughly. From psychology to strategy
2:40, in today's journey. Let's meet Dr.
2:42Devender. So Dr. Devender, thank you so
2:45much. You took out the time and we
2:47could meet today. We have both known
2:49each other for a long time. Many people
2:51in the audience know you too. And our
2:54friendship is just great. But we work
2:57in opposite ways.
2:58Exactly the opposite.
3:00I do option selling. You do very heavy
3:02option selling, and you do extreme
3:04option buying, and I feel that making
3:06money in option buying is quite
3:07difficult.
3:08It is difficult.
3:09But when I meet you, or meet your
3:10students, or meet your community, I see
3:12that they have a lot of confidence. So
3:14first of all, I would like to know that
3:16we will come to the strategy later. So
3:17in today's video, let's understand the
3:19psychology first.
3:20That's absolutely right.
3:21Okay. And after the psychology, let's
3:23take it with strategy steps and
3:25examples.
3:25So what do you think we are missing in
3:27psychology that an option buyer is
3:28unable to make money? Option buyer,
3:30basically, look, why are they unable to
3:32make money? If I talk about option
3:35trading, then when your trader comes,
3:37it must have been seen in your
3:38community first that what is your
3:40minimum expected, meaning if you say,
3:42what is the capital requirement? My
3:45first question is exactly this.
3:48As an option seller, we encourage
3:50people to come with at least one lakh
3:51so that you can take at least two lots
3:53for any position. Because if you, say,
3:57do an Iron Condor somewhere, or do a
3:59Straddle, you end up needing a margin
4:01of 70,000 to 80,000.
4:02That's absolutely right. Now look,
4:05basically if we talk at the beginner
4:07level, then at every level if we look,
4:09I see your user too. I see my user too.
4:12So the user has two options. Either do
4:15option buying or do option selling.
4:19Now by nature or by experience, I
4:21explored this more.
4:23Hmm.
4:23I mean, I used to do option buying, and
4:25why couldn't I do option selling?
4:27Because when I talk about post 2016-17,
4:30when margins used to exist, I used to
4:32do selling too.
4:33I still do selling today. But.
4:35I do buying aggressively. I do selling
4:38cautiously.
4:40So basically, the thing I felt at that
4:42time was capital; I had also just left
4:44my job.
4:45Then the margin requirements changed.
4:47Then, gradually, it kept getting more
4:49difficult.
4:49So after leaving the job, what options
4:51did I have left? Hmm.
4:53If I have to survive and I have the
4:55skill.
4:56Then what will I do? I put all my focus
4:59on option buying, thinking if the
5:01seller is making money.
5:03And in intraday, Nifty or Bank Nifty,
5:05whatever asset you are working on, it
5:07is going somewhere, right?
5:08Hmm, hmm.
5:09100, 150, 500, whatever range you are
5:12working on, it is moving, isn't it?
5:14So if we identify this, we can sit on
5:17both sides with small SLs. Whether you
5:19do option selling.
5:20Hmm.
5:20Or I do option buying.
5:22Hmm, right, but again I come back to
5:24behavior; what is this behavior, why
5:26are people unable to make money despite
5:28having so much knowledge?
5:29See, there has always been a mindset
5:31where even at home, the question arises
5:33, "What are you going to do?"
5:34Hmm.
5:35So what does everyone say? They used to
5:37tell me too that I'm going to gamble.
5:38Hmm.
5:40Or anyone who enters the stock market,
5:41they are told to leave it.
5:43Hmm. "Why are you going to gamble?" So
5:46nobody has actually looked at this from
5:48a technical angle.
5:49Meaning, if we talk about our general
5:51households whose families think that
5:52the share market means.
5:54A gambling den. A gambling den.
5:56Hmm.
5:56But the person who does broking here is
5:58also a broker (dalal) after all. Hmm.
6:00If we talk about all the trading
6:01happening in the world, whatever is
6:03happening, you are doing a job,
6:05whatever, who is ultimately feeding it?
6:07Companies.
6:07Hmm.
6:08How companies stand out depends on our
6:10share market.
6:11Yes.
6:11If this sinks, then you will sink, I
6:13will sink, LIC will sink, everything
6:15will sink, right? Banks will sink.
6:17Hmm.
6:18What I have experienced is that people
6:20want more money in less time.
6:22Greed.
6:23Greed.
6:23Essentially, greed is a big reason.
6:26And one more thing is, they don't
6:27relate it to their current, you know,
6:29income. For example, let's say your
6:32income, my income is, let's say, 100
6:35rupees.
6:35I earn that 100 rupees by working 12
6:38hours a day for 30 days.
6:39Yes, well said.
6:40Right.
6:41Now, this term 'ROI', they don't
6:43understand it.
6:44Hmm.
6:45Nor has anyone explained it to them.
6:46Hmm.
6:47If I talk about you, that you are like
6:49me, an option buyer who is PhD-trained.
6:51We
6:52Someone who has studied technical or
6:54statistical analysis extensively before
6:56diving into it
6:58Yeah
6:59How many have you seen?
7:00Very few. Very, very few.
7:02I haven't seen many at all.
7:03I've seen some in the US, like the big
7:05players, you know. These people have
7:08worked at that level, earned degrees,
7:10and done deep research.
7:11Now, all the technical analysis tools
7:13we know.
7:14Yeah
7:14Are there any Indian ones?
7:16None.
7:17Aren't there? Name any indicator.
7:19None of them are. All are from the USA.
7:21So, someone must have studied the
7:22technicals behind them, right?
7:24Must have studied the entire book.
7:25Someone must have applied mathematics
7:27to it, saying, "Hey, this RSI we use
7:29today..."
7:30How was it made?
7:31Simple exponential moving average.
7:32Simple moving average.
7:34Who? Someone must have drawn those
7:35lines, right?
7:36You're right.
7:36Right? Someone must have taken the
7:38trouble to say, "Let's try studying it
7:40this way." Let's write a theory on this
7:41.
7:41How many of us are even trying to do
7:43that? We aren't, are we?
7:44You, for instance, did your CFA.
7:46Yeah
7:47In our technical analysis field, if
7:48someone has even written a book on
7:50technical analysis or studied it, they
7:52would be very few and far between.
7:54Nobody taught us finance. On top of
7:57that, we are trading on charts, we
8:00But why should anyone apply this? What
8:02is it for? What is this thing? Why
8:04should one do it? And what should one
8:06expect from it?
8:06Yeah
8:07That was never told. I mean, a guy with
8:10300 wants to earn 300 a day. Instead of
8:14working 250 hours to earn 300, he wants
8:16to do it by sitting for barely 6 hours.
8:20Sir, you also know that whatever we
8:22have achieved, we got after years of
8:24hard work. I have
8:26It's been 14 years now, this is the
8:2814th year.
8:29So, it took me 14 years.
8:30Yeah, I have spent 20 years.
8:32It's been 20 years. Whatever we have
8:34gained, perhaps—well, you are far
8:36more skilled than me.
8:37Oh, no.
8:38No, no, you are very skilled. I truly
8:40believe you are great, really. For me,
8:43you are honorable. So, the simple point
8:46is, if I wanted to find people like you
8:48,
8:49How many people would I even bow down
8:51to? A guy like me,
8:52I wouldn't.
8:53Yeah
8:53I can only bow down to someone
8:55Whom I view with respect, thinking, "
8:57Hey, this person has actually achieved
8:59something in this field." Yes.
9:00If we look at our field of technical
9:02analysis, or if anyone hasn't tried to
9:04contribute, how many do we know who are
9:06just influencers?
9:07Yeah
9:08But they are teaching you the stock
9:09market
9:10Hmm
9:10While they are 12 th-grade dropouts
9:12themselves
9:13Hmm
9:13I mean, you're saying someone who has
9:15done proper theoretical research,
9:17written papers, understood the subject,
9:19and researched it deeply
9:20Exactly, if they have done deep
9:22research, then they will teach you in
9:24depth, right?
9:24Hmm
9:25And they will save you along the way,
9:26right?
9:27True
9:27Otherwise, it's the same old thing: you
9:30take 330, grab two, and then go gamble
9:32the next day. That's the only way this
9:34game has been running so far.
9:36So, if we look at this from a skilled
9:38perspective, when a user approaches me
9:40The first thing I tell them is "Brother
9:43, how much do you earn?"
9:45Write that down on a piece of paper
9:46first.
9:47Hmm
9:48So that your expectations can be set.
9:50Hmm
9:51Meaning, if you have earned 30,000
9:53rupees, then in my opinion, the market
9:55has already valued you.
9:57Right
9:57Oh, okay.
9:58Right. Hmm.
9:59I turned 30 years old. Let's assume.
10:01Now, let's say. I turned 30. It took me
10:0430 years to become capable. When? After
10:0612 years of primary education,
10:08graduation, post-graduation, degrees,
10:10and how much skill-building, the market
10:13gave you 30,000 rupees.
10:14Hmm
10:15Per month.
10:15Hmm
10:16After putting in 250 hours of hard work
10:18.
10:19Meaning, how much are you getting per
10:20day, per hour? I mean
10:221,000 per day.
10:23It's 1,000 per day. And if you count 10
10:25hours, then 100 rupees per hour.
10:26100 rupees per hour. So we are earning
10:28even less than a laborer. But what is
10:30our expectation?
10:31That we should make 3,000 in one
10:3330,000 should be made in one hour.
10:35And the biggest problem with the retail
10:37trader, sir, is that whether they have
10:39everything else or not, their
10:40expectations are the highest.
10:43Okay. And there is no knowledge.
10:44The first thing, and you know what else
10:46is missing? Sir, there is absolutely no
10:48time.
10:49Hmm
10:49They have absolutely no time. What?
10:51They have to go to work in the morning.
10:53Hmm
10:53Lunch is in the afternoon and they have
10:55to get home early in the evening. But
10:56by then, the market is already finished
10:58.
10:58The market is closed at that time.
11:00If the Indian market closes, then how
11:01can they earn?
11:02Hmm
11:04Meaning, what must their skill level be
11:06to sit in front of things like Jane
11:08Street
11:11Beat them and then bring back money? So
11:12you tell me, how difficult is option
11:14buying?
11:15It's an impossible task.
11:16An impossible task.
11:17I want to tell you one thing about this
11:19: I was listening to an interview with
11:22Usain Bolt once, and he said a very
11:24good thing; he said, "I run a 100-meter
11:26race, I am the fastest runner."
11:28He is the fastest runner.
11:30He says that in his entire life, on the
11:32final track when racing, he might have
11:34spent a total of 2 to 3 minutes.
11:37Because I finish a race in just 10
11:39seconds.
11:40That is absolutely correct.
11:42So, in my entire life, whenever I have
11:44played the game or gone for any
11:46competitive race, I have spent only 2
11:48to 3 minutes in total.
11:50That's absolutely right, sir.
11:51But behind those 2 to 3 minutes, there
11:53are 25 years of hard work, putting in 8
11:55to 10 hours every day.
11:57That's absolutely right, sir.
11:58So, I feel the same truth applies to
12:00trading as well.
12:01That you enter, you exit, and you feel
12:03that if only something happened in life
12:05where I enter and the candle moves in
12:06my direction; if I go long it turns
12:08green, if I short it turns red, and
12:10then I exit.
12:11This is possible, but the hard work
12:13behind it is something you will have to
12:15put in extensively.
12:17Sir, it's simple; if we are told at
12:20home, let's think of a situation-based
12:22analysis. The market is dynamic every
12:24day, sir.
12:25Hmm.
12:25Right? Today, the market, specifically
12:27intraday trading, like you are doing
12:29option selling. Your crowd understands
12:32you. What about here? What happens here
12:34? A complete newbie comes in.
12:36They come with a small capital and they
12:38are a newbie.
12:39They come like this, thinking today we
12:41will earn, but they don't know anything
12:42.
12:44Sometimes they even bring borrowed
12:45money. Sometimes they come with
12:47borrowed money. They have limited
12:48capital. They have a lot of hope, and
12:50when do they reach us?
12:51When they are already finished.
12:52When they are already finished.
12:53They are already under some debt. A lot
12:55of loss.
12:55They are loss-making. Only then do they
12:57remember that this also requires study.
12:58They start studying. This also requires
13:00study. Right? This also requires study.
13:02You said it well. You can laugh at
13:04everyone, sir; laugh at me the most
13:05because I realized this myself only
13:07after I had already crashed.
13:08You are right, that was the case with
13:10me too. When my friends first told me
13:12about options in 2008, I played around
13:13a bit, and later realized that money
13:15wasn't being made; only then did I
13:17start learning, by which time about
13:18half a lakh was already wiped out.
13:20And perhaps the issue with us was that
13:22we didn't learn how to lose.
13:23Hmm.
13:24I mean, the effort will be behind that.
13:27Now look, I left my PhD. I went to do a
13:30PhD, so I left my job for that. I went
13:32to pursue a PhD and then became a
13:33scientist. I have this inner passion
13:35that, brother, I’ve found success in
13:37all these other things. But not here.
13:38Hmm.
13:39So, according to you, the first thing
13:41that kills a person is greed. The
13:44second thing I’ve realized is that
13:46you need to understand your own worth;
13:49if after 22-25 years of studying and
13:51working, your hourly rate is set at 100
13:53, 200, or 300 rupees, whatever it is.
13:57Then first, understand that, and align
13:59your expectations accordingly.
14:01Align them, and it will definitely take
14:03time.
14:03Suppose, for instance, I have to
14:05explain your point. Like now, people
14:07will watch this podcast of yours. Many
14:09will judge me because you and I have
14:10different personalities, and the people
14:12who listen to us are different too.
14:14Right, let's say fewer people know me,
14:16but you have a mass following, so many
14:18will say, "What an arrogant guy,
14:20talking like that in front of Sanjay
14:22Sir."
14:23I mean, I'm saying, yeah, yeah, I mean
14:25I’m saying he’s talking like this,
14:27overpowering Sanjay Sir or whatever.
14:31But on the other hand, if I know my
14:33user is an option buyer, if I don't
14:35tell him by scolding or beating some
14:36sense into him.
14:39That, brother, look, if you don't walk
14:41this path.
14:42Then I know 100 paths that don't work,
14:44where you will end up failing.
14:46Hmm.
14:47Right? So, the strategies we've
14:50designed and the methods we've created
14:52are based on the fact that I haven't
14:54just lost for 100 days, I've lost for
14:56thousands of days here.
14:58Don't go down these paths, brother.
15:00I say, "Don't go this way, or you will
15:02be ruined." And I tell everyone this. I
15:04mean, I'm putting a "No Entry" sign
15:05everywhere, saying, "Brother, don't go
15:07there, you won't succeed; don't go
15:09there, you won't succeed," because it
15:11took me 13 years, and I’ve only been
15:13profitable for the last four years.
15:15Same here, I’ve only been profitable
15:17for the last four or five years; before
15:19that, it was just losses. I did
15:20everything—I struggled, I did Bank
15:22Nifty, I did Nifty, I even did
15:24commodities; what kind of legal
15:26gambling didn't I do?
15:27So, simple.
15:28But later I realized that, man, this is
15:30the one strategy that is mine, whatever
15:31I use, that it suits me, and it makes
15:33sense to me. And you won't believe it,
15:35Dr. Devender, I have, as you know, by
15:37God's grace, access to so many people,
15:39access to such good traders, and access
15:40to you. You have told me so many times
15:42that "you should see this," but I don't
15:44do it because I have put up a 'No Entry
15:46' sign in my life, that this is the
15:48only path—to go to my shop every
15:50morning, open the laptop at 9:15 AM,
15:52and work only on that; I don't do more
15:53than that.
15:54What makes the major differentiation
15:56between you and me? See, I am staying
15:58at this juncture, but before this
16:00podcast, I showed you that look, I am
16:02going after selling.
16:03I will see it tomorrow morning, and I
16:05will take its gain. The 1-2%that I need
16:07, I get that on expiry.
16:09Hmm.
16:09I will take that 1-2%.
16:11Hmm.
16:12But I will not miss the move of the day
16:13.
16:14Hmm.
16:14So, the skill set I have acquired took
16:17me 13 years.
16:18Hmm.
16:18Now, the other person doesn't want to
16:20give 13 months.
16:20They don't want to give 13 days, sir.
16:22They don't want to give 13 days.
16:23By the 13th day, their 13th day ritual
16:25is already done.
16:26It is a big deal, sir, that they might
16:27not even watch this whole podcast. Who
16:28knows, too much talk has happened now.
16:30They will say, "Brother, come straight
16:32to the point, where is the strategy,
16:33where does the strategy start, jump to
16:35that timestamp."
16:36Come to the timestamp.
16:37I won't even put timestamps; watch the
16:39whole thing. But sir, it's simple: if
16:41someone wants to improve their
16:42psychology and is watching this video
16:44for that, and even if they are watching
16:46it from that perspective, they must
16:48have a fixed method, right?
16:50Hmm.
16:50That this is the fixed method. This is
16:52my SOP.
16:53Hmm.
16:53But here, the word "SOP" doesn't even
16:55exist.
16:56Hmm.
16:57Wake up in the morning and just put it
16:59somewhere.
17:00Just get up, if it's green, someone
17:01said something, something happened,
17:03someone came on a Telegram group—
17:05maybe mine—I said something, they
17:07felt bad or good about it, whatever my
17:09mood is, they will just jump in based
17:11on that.
17:12So what is this? This is clearly just
17:14gambling, right?
17:14Then it becomes gambling.
17:16Right, but think if they come every day
17:18.
17:18Hmm.
17:19Come at 10:00 AM and only buy calls.
17:21Hmm.
17:21Then, sir, 50%is made forever, 50%
17:24probability is set.
17:25That eventually, they will definitely
17:27make money; you are right.
17:29But are they prepared to come to that
17:30place at that time every day?
17:32Meaning, even stupidity can make money
17:34if done with discipline.
17:35See, see sir, it's like flipping a coin
17:38.
17:38Yes.
17:38Flip the coin. What is the probability
17:40of this?
17:411/2.
17:411/2, bro, the probability exists right
17:44here, doesn't it? In this market, in
17:47daily terms, just like we study ranges
17:49in Renko trading. So if we talk about a
17:521%move, then what is 1%of Nifty? Let's
17:55assume it's 250, right? So it will
17:58definitely go.
17:59If we assume it moves 1/2%.
18:00Even then, it will take the points.
18:02It will give a range of 1.25 points
18:04today, right?
18:04If I go to Bank Nifty, it went 500.
18:06It will give 300-400 points.
18:08It moved 300-400, what if Sensex moved?
18:11Then it's 800.
18:11It moved 750.
18:13Now, 750 is moving right before our
18:15eyes, and we aren't ashamed that we
18:17can't catch it, right? Tell me.
18:19Very good, Dr. D.
18:20Isn't it? You tell me, I mean, it will
18:22definitely go, right?
18:24Meaning, I don't have that skill.
18:25Hmm.
18:26And I don't even have the knowledge
18:28that this is percentage—sir said
18:29something, maybe he mentioned ATR.
18:31Hmm.
18:32Meaning, the range of something.
18:34I don't even know that.
18:36And I don't even know my own worth.
18:39If you are a user, whatever you are,
18:41just remember one thing that I am
18:42saying.
18:43Don't relate it to one thing like, "Why
18:45is he saying it like this?" Look,
18:46everyone has to be realistic.
18:48Absolutely, or else keep losing, keep
18:50losing—you are still doing that
18:51anyway.
18:52Bro, you have to earn 3,000-4,000 with
18:54a whole month's hard work. Suppose
18:55someone feels bad, "No, I am a 1 lakh
18:57guy." Bro, you are a 3,000 guy, right?
19:00We are a 3,000 guy per day.
19:01Meaning, per hour, it becomes 300
19:03rupees.
19:04It's 300 rupees, bro. If you are worth
19:06300 rupees but aren't willing to put in
19:08the time here.
19:09Hmm.
19:10How will you get money?
19:11And for those 300 rupees, you are
19:13engaged, having meetings, making calls,
19:15taking stress, preparing presentations,
19:17so if you put in a little extra effort
19:19here.
19:20Sir, it's not relating to practicality.
19:22Hmm. It feels like free money to them.
19:24It feels like free money. And look here
19:26, what is this? It's euphoric, sir. Hmm
19:29.
19:29It's engaging. It's very attracting.
19:32True.
19:32Right? Like, "Bro, it has just moved
19:35200 points.""Let me take it now." But
19:37how will you take it? The takers here
19:39are different. The givers are different
19:41.
19:42Everyone knows who the givers are. I
19:44know that I was also giving it 9 years.
19:47So what changed in me
19:50that I became worthy of receiving a
19:51little bit? Hmm.
19:53I put in that much hard work. I
19:56developed my own method.
19:58Like you, with Renko trading, I stuck
20:00to Renko.
20:01That I will master this no matter what.
20:03Come what may, I left my field. I left
20:06my job. I did everything, but only
20:08after some stability.
20:10Yes.
20:10That, hey, just quit your job.
20:12Quit your job. No brother, I was a
20:14scientist. I had the skills. I had
20:16already earned the degrees. For
20:17everything. I had put in that hard work
20:19. You put in the hard work too.
20:21Hmm.
20:22Do it on the side. Create a method,
20:24just one method.
20:25And keep hammering it like a maniac.
20:27Keep hammering away.
20:28Brother, probability game says you'll
20:30win 50%anyway.
20:31And if in that 50%, you win three times
20:33over.
20:34That's it.
20:34You've won the game.
20:36Brother, you just need to add 1%to it.
20:40Meaning, if you're at 50, get to 51.
20:43Even then you will win. You just have
20:45to keep the risk-reward ratio steady.
20:46My goodness. Listening to you, my mind
20:49is becoming so much clearer. Yesterday,
20:53I did something interesting, Doctor D.
20:55I gave all my trades from April to July
20:58to Claude.
20:59Yes.
21:00I gave it my trade book.
21:01Yes.
21:02And I told it, "Brother, this is how I
21:04made money." Made a lot, by God's grace
21:06. But what mistakes did I make? Tell me
21:08from these trades. Tell me from the
21:10trade book. It analyzed everything and
21:13pointed out three mistakes that if I
21:15hadn't made those, my profit would have
21:17increased by 67%.
21:19Yes.
21:21So, even today, after so many years of
21:23using this strategy. I still look for
21:27feedback that keeps me a champion.
21:28And today, with the help of AI, you can
21:30do all this so easily. You can do it
21:32very comfortably.
21:33Absolutely right.
21:34So, if you are a beginner, brother,
21:36learn. Learn, because sir, if someone
21:40doesn't know what option buying is, and
21:42suppose we are option buyers and option
21:44sellers, it's like a face-off.
21:47Hmm.
21:47Right, you are an option seller. I am
21:49an option buyer too, and you've seen
21:51that I do selling as well.
21:52You do.
21:53Right? I do it.
21:55But the scale you are matching, my user
21:57probably doesn't, and they look at me
21:59thinking, "Hey, if he does this, he
22:00will tell me."
22:02Mm.
22:03Today, I am in a position where I can
22:04do both. Mm.
22:06But for my user, I have created that
22:08method.
22:10That money can also be made from option
22:11buying.
22:12Alright brother, you've really tempted
22:14us now. Let's come and check, what is
22:16that method of yours?
22:17Absolutely, sir.
22:18Come on, let's start.
22:19Right.
22:20So.
22:21Since we aren't in live markets, these
22:23are post-live market discussions.
22:25So, we will show you on the charts.
22:28Look, more than the strategy, just
22:30notice that if we stick to one thing...
22:34We show up daily, we watch, the market
22:36will move from the same place. What did
22:38I say? If the market moves even half a
22:40percent from the same spot, and you
22:42have the skill, you can catch it. If
22:45there is no skill, you'll keep guessing
22:47. "Bro, it moved, I don't know.""Don't
22:49know what happened."
22:50It will be a wonder.
22:51Right, he just doesn't get it. And that
22:54is why option sellers make good money
22:55and walk away.
22:57And the option buyer, who...
23:01Because he doesn't know how much he
23:02needs. Mm.
23:04On paper, if you say just 1%, let's say
23:06he even has 10 lakhs, 1%of 1 lakh is
23:09how much...
23:09100 rupees.
23:11100 rupees.
23:12That is achievable.
23:13Very achievable.
23:14It's achievable, you don't do anything.
23:16Mm.
23:16Then it will happen.
23:17You're right, he does nothing.
23:19If he doesn't take action.
23:20If he doesn't take action, it will
23:21happen, now when you interfere.
23:23Yes.
23:23Then you should be a master.
23:25Absolutely, very well said.
23:27Right, suppose you want to earn
23:28something from this.
23:30You are fighting against someone—I
23:32consider the option seller the boss.
23:33Yes, absolutely.
23:35Okay. You are the boss. I am...I'm
23:37bossifying what you want me to do.
23:39You are a junior employee.
23:40Yes, I'm the junior employee, bro, I'm
23:43coming to you. I have less money.
23:44Yes.
23:45I have to take money out of your pocket
23:46.
23:47So you must have logic.
23:48You must have knowledge.
23:50Knowledge that, hey, now I have to
23:52convince the boss to give me 1000
23:54rupees. Right? Isn't it?
23:57And I'm holding my wallet. Sitting on
23:59it. And for those watching, the simple
24:02thing is to understand that you are a
24:03buyer. You are poor, for starters.
24:07No man, that's offensive.
24:09No, it just means you don't have the
24:10capital right now. We don't have it
24:12either.
24:13If there was capital, if you had the
24:14capital...
24:15So you, buddy, do it with ₹ 3.5 lakhs
24:18.
24:18Hmm.
24:18Hit one lot with ₹ 3.5 lakhs. Even if
24:21you take a hedge and get a margin
24:22benefit, you still need ₹ 1 lakh,
24:24right?
24:24Hmm.
24:25And to save that, you still need
24:26another ₹ 2 lakhs. Hmm.
24:28Question.
24:29While people are in a position, how
24:31will you manage it?
24:32So who is able to do all this? The
24:34person who has the skill, but maybe
24:36doesn't even have a laptop. Hmm.
24:38We get users who say they don't have a
24:40laptop.
24:42Oh, no laptop. Look, they are newbies.
24:45They are 25 years old or something like
24:47that. Sometimes older folks come.
24:49Hmm.
24:49They don't have it.
24:51They are retired.
24:52They don't have the technical expertise
24:54.
24:54On how to do what in this. And there
24:56are many such users. You would be
24:58surprised. All my option buyers are
25:01over 40.
25:02Oh, I see. So the crowd I cater to is
25:05like that.
25:07Mature, they've come after making
25:09losses.
25:09They've come after huge losses.
25:12They've come after huge losses, and
25:14understand that they don't even know
25:15how to put a chart on TradingView. You
25:20are an expert, you know charts, you
25:22have leverage, you have a laptop. You
25:25have...look, I talk about a TradingView
25:26subscription, they don't even have that
25:28.
25:28They don't have it, where will they get
25:30₹ 11,000 a year from?
25:31Sir, they don't even know that BSE data
25:33is delayed.
25:34Hmm.
25:35BSE data comes with a 15-minute delay.
25:37You have to pay ₹ 500 a month for
25:39that.
25:39They say, "I bought the course, so this
25:41should be free too." It's not mine, is
25:43it?
25:43Hmm.
25:44They don't even know that they have to
25:46buy option data on TradingView for BSE.
25:48They don't know any of this. If you
25:50don't know all this and you are
25:52fighting against them.
25:53Who have such sophisticated instruments
25:55.
25:55Brother, they will beat you to a pulp.
25:57Hmm.
25:58And remember, they are only 10%. We are
26:0190%.
26:02Hmm.
26:03Okay. Meaning, each one of them.
26:06Is handling 10 people. They are
26:08handling 10 each. Right?
26:10And we have to make money against that
26:12person.
26:14So what am I giving my users so they
26:16gain expertise in option buying? So I
26:20wouldn't say that this only works in
26:21option buying. Any method. If you have
26:25the knowledge, whether you do
26:26directional selling or directional
26:28buying, why is money made in buying?
26:30When we know the direction.
26:31Knowing the direction in buying is
26:33absolutely essential.
26:34Very essential.
26:35Very essential.
26:36If you know the direction, or if you
26:37don't, how will you manage?
26:38You'll get wrecked. Even if it's wrong
26:40for one day, you'll get wrecked.
26:41You'll get wrecked. Sir, we are
26:42intraday traders.
26:44If we don't know for even one hour,
26:45we're in big trouble.
26:46In that time, your stop loss will hit
26:48by 20-30%.
26:49Everything will be gone. So with what
26:51you're facing, you need a very precise
26:53entry.
26:55That is why I have formulated these
26:56strategies so that you come and see the
26:58same thing every day, and then you can
27:00set your probability there.
27:02So, this is a game of extreme high
27:04skill.
27:04Yes, it's an extreme high-skill game.
27:06Because you correctly said that you are
27:08here with small capital. I mean, it's
27:10like going to war but holding a plastic
27:12knife.
27:12That's exactly right.
27:14Yes. And I have a really sharp, long
27:16sword in my hand. A nice, sturdy one.
27:20It's like you're coming in like Arnold,
27:22right, you're the Terminator, and the
27:23person in front is...
27:26Useless.
27:27A formidable person is sitting there,
27:29and a user like me comes and says, "I
27:31will fight you."
27:32Then they say, "Yes, we were just
27:34waiting for you."
27:36I tell option buyers that please keep
27:38buying, because it's only because of
27:39great people like you that people like
27:41me make money.
27:42Sir is talking to me, but now we will
27:44talk to sir. Now the option buyer will
27:48fight.
27:48Now the option buyer will fight. So, I
27:50am fighting for your rights, brother.
27:52Look.
27:52Yes, sir.
27:53Like here, sir, this is a Nifty chart.
27:56Yes.
27:56Okay. Where does an intraday player get
27:59stuck most on the Nifty chart?
28:01When does the most impulsiveness come
28:03after looking at the chart? Like I saw,
28:05sir, and I executed the trade. And
28:07after that, you're just sitting there.
28:08Where is the first candle forming?
28:10Where is the second one forming? Where
28:11is the third one forming? You don't
28:13care. Where is the price? We'll see and
28:15adjust accordingly. What is the buyer's
28:18biggest mistake? They enter as soon as
28:20they see the first candle. Hmm.
28:21Why? They've been watching news since
28:23morning. They're watching everything.
28:25Whether it's a gap up or a gap down.
28:26Hey, you don't need to worry. About the
28:28gap up or gap down.
28:29Okay?
28:30You won't be able to achieve anything
28:32anyway. Right?
28:33So, if the first candle has opened.
28:36You know where the market is opening.
28:37Okay.
28:38So, what do you have to do, sir? To
28:41just see where the market is opening,
28:43look, we have Dhan.
28:46We all have Dhan; your brother
28:48introduced 6-hour charts.
28:50Hmm.
28:51First of all, you have to look at the 6
28:53-hour chart.
28:55Now you will ask why watch it; I said
28:57my fight is with you.
28:59But you are my friend.
29:00Hmm.
29:01I will use your own footprints.
29:02Hmm.
29:03Meaning, I will use a seller's
29:05footprint; how will I use it? I will
29:07look at institutional positions, okay?
29:09When do institutions take positions?
29:11Look, because of cash, everyone is
29:13scared now.
29:14Will the retailer enter?
29:16The retailer will get scared.
29:17Thinking, oh God, don't know what will
29:19happen. Now price is up, price is up,
29:21the retailer is out.
29:22So who sat there in the last 15 minutes
29:24?
29:25The institution.
29:25The institution, the institution sat
29:27here in the last 15 minutes. Right? Now
29:29the candles have started looking
29:30strange. Right?
29:31Hmm.
29:32Isn't it? They have started looking
29:33erratic. They didn't look like this
29:34before.
29:35This is very erratic.
29:36Isn't it?
29:36It didn't look like this. Hmm.
29:38Look, gap-up and gap-down have
29:40disappeared. A lot has disappeared. So
29:42when we used to look at the daily chart
29:43, this used to look like a single
29:45candle. Hmm.
29:46But what did we tell our users? Don't
29:48worry.
29:49Hmm.
29:49Whatever needs to be done, they will do
29:51it on this chart.
29:52Okay?
29:52We will see it at the end.
29:54After 15 minutes, there will be a spot
29:56adjustment.
29:56Right.
29:57Meaning the buyer and seller have
29:58entered.
29:59Hmm.
30:00There it is. We will put the 6-hour
30:02chart. What time is this last candle,
30:04sir?
30:04This is it, finished. 15:15 exactly,
30:07right? Cash, the cash has started.
30:09It makes no difference to me; the buyer
30:12sitting here today, these institutional
30:14positions don't last all day, it's pure
30:16institution at the end, why?
30:18There is no retailer.
30:19Hmm.
30:20So if I take this and apply a Fib here,
30:22where did the market rise from today?
30:25Sir, it rose from here.
30:26Hmm.
30:27It rose from right here, didn't it, sir
30:29?
30:29Yes.
30:29From here.
30:30Hmm.
30:30Meaning this position, this...I use a
30:34Fib, sir, 0.5 with a standard deviation
30:37of 6%, that means 0.44 and 0.5.
30:40Okay?
30:41So this became 0.56, 0.44, and 0.5;
30:43extend lines to the right, I only use
30:46this Fibonacci retracement tool as a
30:48point of balance. POB.
30:50Hmm.
30:51So if I use this range, then sir, if a
30:53person looked at this today.
30:56Hmm.
30:57So we are the user.
30:59This is the institution, so I could
31:01have placed it over this institution
31:03like this, right?
31:04Hmm.
31:05Meaning if you are below institutional
31:06positions, then what are you?
31:08You have become negative.
31:09You have become negative.
31:10You have become negative. Where else
31:12will it find support? So, the next
31:14institutional support could exist right
31:16here. How will we use that? We will
31:19only and only draw this point of
31:20balance like this. Okay?
31:23So for a buyer, we have
31:25Or for the buyer, where the institution
31:27is sitting
31:28Hmm
31:28If it sits at this moment, then I will
31:30run in this direction. If it goes this
31:32way, then I will go that way.
31:34And from here, I have the framework for
31:36the market for today.
31:37Hmm
31:38That the market range will be within
31:40this.
31:40Hmm
31:40And I know that ATR calculation, when
31:43we use Renko charts, you know, Renko
31:45charts. Hmm
31:46Then from ATR, we get its intraday
31:48range
31:48You get the range
31:49If ATR is five, it will move within 100
31:51points
31:52It will go 100, then after 100 it will
31:54decide whether to complete the next 100
31:56or return
31:56To come back
31:57So this is its ATR
31:59Simple
31:59It is
32:00So, let's not get into non-repaintable,
32:02let's go here, it's a straight 100
32:04range
32:04Okay, now we went to the 6-hour normal
32:06chart
32:07And those users who cannot see it here
32:08on TradingView, they can see it on
32:10their broker
32:10Okay
32:11Okay, it's on Dhan, on Fyers, you can
32:13see it, this was available, now let's
32:15look at the 5-minute chart, sir.
32:19Wonderful, hmm
32:22The seller entered on the 5-minute
32:23chart.
32:24Okay.
32:24Oh, you changed that same one to 5
32:26minutes, okay.
32:27Yes. This is 6 hours, sir.
32:28Okay. Okay. From 6 hours, we went to 5
32:31minutes.
32:32The seller entered in the very first 5-
32:34minute candle.
32:34Hmm
32:35Below what did he enter? Below
32:36yesterday's institutional level.
32:38Entered below the level. Now this 5-
32:40minute is existing below the next
32:42institution. Hmm
32:44This means that at this level, there
32:46must have been some buyer or seller. It
32:48doesn't matter to me if it was a buyer
32:50or a seller.
32:51Hmm
32:52But if that position, the balance
32:53between the buyer and the seller
32:55If it stays below both of them, then
32:56the seller will remain strong.
32:58If it goes above, then the buyer will
33:00become strong.
33:00Okay?
33:01And it stayed below.
33:02It stayed below.
33:03That means who is here?
33:04The seller will be strong. Hmm
33:06Now remember, you will forbid everyone,
33:08even me, from trading on the first
33:09candle, sir; suppose I come to you as a
33:11newbie, don't trade on the first candle
33:13, otherwise big players come there
33:15Hmm
33:15And people like us who are novices,
33:17they jump into the first candle,
33:19meaning the first candle is very
33:21volatile
33:22Less information and more of chaos
33:24Hmm
33:24Because what happened yesterday, yes,
33:26the guy who came in yesterday must be
33:28making a profit, booking profit, some
33:29are doing it here, some are squaring
33:31off, doing whatever.
33:32Someone might be getting tense,
33:33desperate, getting out, exiting, and
33:35the retail trader must have already
33:37jumped in.
33:38Hmm.
33:39Right, to the retailer, I say, "Look,
33:41this is how it is," so I'll give it a
33:43Lakshman Rekha (boundary line).
33:45What is that Lakshman Rekha? If the
33:47first seller has entered, sir, what we
33:49will do here is, if we put the point of
33:52balance, it is still below that,
33:53meaning the seller is below this level,
33:55sir.
33:56Right.
33:57Right, now think from this perspective,
33:59sir, if you were the seller, what would
34:01you do?
34:02Would you sell?
34:03Yes, I would sell. As a seller, you
34:05would only sell.
34:05Yes, I would sell. Right? So, the
34:07seller would make money.
34:08Hmm.
34:09Then how will the buyer make money? By
34:10finding the imprint of that seller.
34:12Hmm.
34:13So, what will we do? We cannot trust
34:15those who trade on the first candle.
34:18But on this chart, sir, who is strong?
34:21Between you and me, you are strong.
34:23The seller is strong. Look, there is no
34:25harm in admitting that our "father
34:26figure"(the big player) is strong.
34:28Right? So, for us, this one is strong.
34:31I have to hold their hand.
34:33So now, the institution that prints a
34:35red color on this chart—
34:37Hmm.
34:38Not green, but in the follow-up red
34:40candle—
34:41Hmm.
34:43Then that guy is trying to sell this.
34:45Okay?
34:46Right? So, if I look here and we are
34:49unable to cross its high. Hmm.
34:53That means there is no strength in this
34:54.
34:55There isn't.
34:57If I use this area—
34:59Hmm.
35:00Then the buyer has found a position,
35:02sir.
35:03Hmm.
35:03The seller has also found a position,
35:05sir.
35:05Hmm.
35:06For the buyer, this is the area.
35:08Hmm.
35:09We already knew beforehand that it
35:10would go here. If we pay attention, if
35:13it has to go down, it will go down.
35:15Otherwise, it will go back.
35:16It will come back.
35:17If it goes back, sir, where did the
35:19breakout happen from? From that very
35:21place.
35:21Yes.
35:22Who stopped it? The same one stopped it
35:24.
35:25Nobody even knows about this.
35:27Hmm.
35:28Meaning, if I talk about my expertise,
35:30what I'm saying is this is my expertise
35:32—
35:33That I have built a strategy on this
35:35itself.
35:36Got it.
35:38That I have formulated this method
35:39where I draw everything on this chart.
35:42Which isn't our advanced red bar. Hmm,
35:44hmm.
35:45So, if we apply the Pro Edition here,
35:47sir—
35:49Then if we talk about the Pro Edition,
35:51which is also the smart Renko engine.
35:54So let's discuss one by one what
35:55knowledge that provides me.
35:57All right?
35:58The biggest thing here was, sir, in
36:00what range it is trading.
36:02All right?
36:02So what do we do? We close everything
36:04here.
36:05Hmm.
36:06And I will tell you one by one what we
36:08look for now. Look sir, we drew these
36:11levels.
36:12All right? Now it's fine. Now after
36:15this, how much will the person drawing
36:16these levels remember? They won't
36:18remember. They will forget again
36:20what was to be done? Because suppose
36:22this is a user,
36:24Hmm.
36:24The seller entered here. Then it came
36:27in the follow-up, so my user doesn't
36:29remember these things, right?
36:31If they knew this much technical
36:32analysis, they would be sitting in
36:34their own place.
36:35Right? So it went here. Now, if I
36:39automate this, like, "Hey, do one thing
36:41, keep marking this level so you don't
36:43have to see how things are used," then
36:46imagine sir, we didn't draw all this,
36:50Hmm.
36:51And decided based only on this level,
36:53Okay.
36:54And left it like this,
36:56Okay.
36:57So can we say that the market is
36:59respecting this level to some extent?
37:02Definitely doing it.
37:04It is, but this is the point of balance
37:06of the first candle.
37:10Meaning, are the buyers strong or the
37:11sellers strong in the market? Hmm.
37:14Now, if we think from the perspective
37:16of a buyer in this condition,
37:17An option buyer,
37:19For that option buyer, I
37:22need institutional footprints that
37:23appear in the follow-up.
37:26So, my logic is that if any red colored
37:28candles are formed, then the seller is
37:30dominant in them.
37:33All right? And if anyone has the power
37:35to sell in the follow-up, then
37:37institutional footprints must have gone
37:38there,
37:39Only then will they be strong there. So
37:41the follow-up candle, ignore the first
37:43candle,
37:43Hmm.
37:44The red candle that forms after that,
37:46Hmm.
37:46If I get the 50%of that red candle
37:49marked, then
37:51Then I will have a point of balance.
37:52All right?
37:53If I get my point of balance,
37:56Then I can say that when we break this
37:58place and go up,
38:00Then there will be a breakout,
38:01So we will get a call breakout. Hmm.
38:03And if we break this place and go down,
38:05then we will get
38:06a put breakout.
38:07A put breakout will come. Now watch
38:09this zone every day, sir. Hmm.
38:11This place is useful for us every day,
38:13like suppose this is a user. This is
38:16the place, and in correlation with this
38:18place, who do I need?
38:20I want to work in options in
38:21correlation to this spot. Right?
38:23Right.
38:23Right? So, what do I tell my guy? Open
38:26the options charts in correlation to
38:28this spot.
38:29Okay?
38:30Okay? Let's assume it's a call chart.
38:3224300, okay, yes.
38:34Is it a 24300 call or put? It's a put,
38:36okay, so let's do one thing, we have
38:38this call too, okay.
38:39It's a 24600 call.
38:41It's a call, now imagine sir, if you
38:42were a seller.
38:43Hmm.
38:44That's a given, let's say below this
38:45spot what would we do?
38:48Sell call, sell call.
38:51What would we do above this spot, let's
38:53say.
38:54Now if I give this perspective to my
38:56user.
38:57Hmm.
38:58They would beat the seller around.
39:01Hmm.
39:02Hmm.
39:03If they get trained on this.
39:05That, look, who am I targeting, sir?
39:08The seller only.
39:09Hmm.
39:10Do you understand? It's a change of
39:12perspective.
39:12That I am targeting the seller only.
39:14And right where the seller is placing
39:16their stop-loss, that's where I'm
39:17hitting them.
39:18Hmm.
39:18As soon as they set the stop-loss above
39:20.
39:20So as soon as they square off, my user.
39:23Will enter.
39:23Will enter.
39:24So, actually, the seller's stop-loss
39:26will become your user's entry point.
39:29Yes, so if we look at it from this
39:31perspective, sir, then a buying
39:32position is being created for you every
39:34day. Right?
39:35It is happening every day. Absolutely.
39:37It is happening every day. Now,
39:39something that is repeatable, you will
39:41repeat it. You will make mistakes for
39:43four days. You will for five days. Out
39:45of 10, at least five days you will do
39:46it right with your intellect. Isn't
39:48that so? I mean, I showed the guy two
39:50situations, that hey, come every day.
39:53Look at the red bar.
39:54Okay?
39:55And after seeing the red bar, let's
39:56look at the market this way.
39:58Okay? So, if you find someone who looks
40:01at the market this way and then gives
40:03the perspective that, hey, enter from
40:05here, it will go from here. Then this
40:09guy, even on a 1-minute chart, sir.
40:13Even on a 1-minute chart, when it is
40:15crossing that level, it will rally
40:16right above it.
40:19The spot that I have mentioned.
40:20Hmm.
40:21That's why our user loves us so much.
40:23Hmm.
40:24That someone finally came into the
40:25market who is telling me where to sit.
40:28Right.
40:28Where the seller is.
40:30So, should I do selling here?
40:32Hmm.
40:33Let's say if I had 3.5 lakhs.
40:35Yes.
40:36To trade on just one lot, then either I
40:38buy 65.
40:39Or I sell 65, hmm.
40:41You are saying it right.
40:42So, the seller will also make money.
40:43The buyer will also make money; the
40:45benefit for the seller is when it
40:47starts turning, they don't need to cut,
40:49they need to hedge.
40:50Hmm.
40:51And the buyer needs to exit, needs to
40:53realize that my job is done.
40:55You're right.
40:55Now I should run.
40:56Right.
40:57Because I only came here for this much.
40:59I only came for this much, so if the
41:00buyer says—
41:01I can only punch the seller this much,
41:03I can't hit them more.
41:04Sir, that is what we started by
41:05explaining to the buyer; we said, "Sir,
41:08don't do anything." Whatever your
41:11income is, we—
41:13Calculate that, we—
41:15And divide that calculation by 30.
41:17Hmm.
41:18I won't take more loss than this, nor
41:20will I aim for more profit than this.
41:22Let the market give profit. The market
41:24does give profit. When the run happens,
41:26options just—
41:27Yes, they multiply.
41:28They multiply.
41:2910 becomes 50.
41:3010 becomes 50. So you must know how to
41:32sit at the right place with the right
41:34stop loss. Hmm.
41:36And I am telling you that if you are
41:38going here, then this is the stop loss.
41:41Hmm.
41:44Sir, it works to the dot, because that
41:46is the seller's position, so the seller
41:48has to run.
41:50What is happening in the market these
41:52days is that it is range-bound; one day
41:53selling, the next day buying, then
41:55selling, then buying. So if I sit in
41:57this spot, I will be able to exit at
41:59the right time.
42:00Right.
42:00Now think, you went from here, left
42:03from there, and here is a concept, sir,
42:05called CPR.
42:06Hmm.
42:08If I look at the historical data of
42:10Nifty on a 5-minute chart with this
42:12perspective—
42:14Hmm.
42:15This guy gets trapped very badly, right
42:17? First, he does selling, so he thinks,
42:20"Oh, it's going down, let me take a put
42:22." Right. Then I said, don't trust the
42:24buyer.
42:25Hmm.
42:26Trust the seller. Meaning, my trust—
42:29just as you see that I trust you a lot,
42:31thinking, "If Sanjay sir says it, it
42:33must be right." Right? So Sanjay sir
42:36said to sell.
42:37Hmm.
42:37So I enter here, sir. Now think about
42:39how many stop losses I would save.
42:41You're right. And a retailer doesn't
42:43even set a stop loss.
42:44Hmm.
42:46The biggest problem, as an instructor,
42:48I know that no matter how much I stand
42:50on my head for the user, they won't set
42:52one. Which means, as an instructor, I
42:55should be strong enough to figure out
42:57how to save my user. Hmm.
43:00Because I have to go to the retailer's
43:01level to explain it to them.
43:03I should go to their position and tell
43:05them, "Brother, enter here, this is
43:06your stop loss."
43:07Hmm. "Enter here, this is your stop
43:09loss." Now sir, we conducted a study.
43:12I said, I said that we will do CPR now.
43:14Right?
43:15I have integrated CPR here as well.
43:17Mm-hmm.
43:18What knowledge did you get from CPR?
43:20CPR tells us, sir, that your current
43:22data is the static mean of today.
43:25And what is that static mean, sir? The
43:29static mean is the previous day's high,
43:31low, and close divided by three; that
43:33forms the central pivot.
43:37Right?
43:37Yeah. And it has a range.
43:41So, if we have it here, my user knows
43:43from the start that today's market is
43:45below yesterday's mean, below today's
43:47mean.
43:49Mm-hmm.
43:49So what would be his perspective?
43:51Negative.
43:52Negative.
43:53Or do you know what I call CPR? Like
43:56the most beautiful girl in class; go
43:58away, and she'll call you closer. Go
44:01too close, and she'll push you away.
44:04Like, let's assume you like me. It’s
44:06not like if you like me, I should move
44:07into your house.
44:08Mm-hmm.
44:09You'll tolerate it for a day or two. On
44:11the third day, you'll say, "Okay,
44:12that's enough, get out." Right? So, if
44:15we get too involved in someone's life,
44:17we...
44:17Then we become sideways.
44:19Mm-hmm.
44:20Right? We stay away, and it calls us
44:22closer.
44:23Go too close, and it pushes us away.
44:25Mm-hmm.
44:27If we are below the mean, we...
44:30First, we are heading lower.
44:31Right?
44:32Go too far, and it'll say, "Hey, come
44:34back."
44:34Come back, come back. Because the
44:36market is sideways.
44:37Right?
44:37So, this is the static mean.
44:39And if it's in momentum, the price goes
44:41lower and lower.
44:42And lower. But there are methods to
44:44judge that too.
44:45Mm-hmm.
44:45There are methods to judge that as well
44:47. So, I'll show you something great
44:49after this. Suppose we have studied
44:50this much. So, it is working.
44:52Mm-hmm.
44:53We can also see it.
44:54It is repeatable.
44:55It is repeatable. We are doing it every
44:57day.
44:58We see every day that even if I tell an
45:00unwise person, "Look, you will find an
45:02opportunity here." Pick up two lots
45:05according to your capacity. Place a
45:07small stop loss below, and once you get
45:095-10 points as per your plan, get out.
45:11Run away.
45:12Mm-hmm.
45:14As an option buyer, this is what you
45:16need because you are an option buyer.
45:18You are a person of 50,000, 1 lakh, or
45:212 lakh rupees. Meaning, you shouldn't
45:24try to earn more than 6,000 rupees.
45:27Shall I tell you why? You might say, "
45:29No, I will earn more." That is not your
45:31capacity today.
45:32Mm-hmm.
45:33It’s not that you can't earn. You
45:35just won't be able to digest it.
45:36Mm-hmm.
45:37We can't watch it on the chart, sir.
45:39Right.
45:40You are calm watching a crore.
45:41Mm-hmm.
45:42You are calm watching a crore. I am a
45:44buyer. Impulsive.
45:45As soon as I get a lakh, I start
45:46dancing.
45:47Don't chase millions. Hmm.
45:48I'll do it next time.
45:49Next round two.
45:50I'll do the next round two. Right? So,
45:52as a user, I have understood all this.
45:55It's a good mix of psychology and
45:56structure.
45:57Yes. If I know I'm going to get wrecked
46:00, I'll trade here, right?
46:01Hmm.
46:02I'll do it from this exact spot. I'll
46:03do it from this spot. And sir, a man
46:05reacts to what he sees.
46:07Regardless of what he thinks.
46:08Hmm.
46:10That's why these visualization
46:11techniques are famous—you get what
46:13you visualize. What do I do with people
46:15daily? What do I tell my users? There
46:18are over 500 people. I tell them to
46:19take a pen and paper. Write it down
46:21clearly. This is how much I want to
46:23earn.
46:23And consider your dream as the ultimate
46:25goal.
46:26Hmm.
46:26Your dream is to become a good trader,
46:28right? To earn 1 lakh rupees a month.
46:30To aim for 2 lakhs. Write it down as
46:32your ultimate.
46:32This is my ultimate game. First, do
46:34this.
46:35Do it first. At least earn 500 rupees.
46:37You’ve done that first.
46:3850,000 or 1,500, whatever.
46:39At least you did a pilot study.
46:41Hmm.
46:41I, as a scientist. I believe that if I
46:44have n number of factors. Then how will
46:47our experiment succeed? Robustness only
46:49comes when I control all the factors.
46:51True.
46:52And we are the biggest ones.
46:54The biggest factor is me. The greatest
46:56variability.
46:57Sir, all this that is visible. It is
46:59visible to everyone.
47:00Hmm.
47:01If you are a mature person. Like I tell
47:04Sanjay sir. Sanjay sir says, "I hit it,
47:07I hit it." But a retailer who only has
47:09a capacity of 10,000 rupees. Or 500
47:12rupees, will get anxious.
47:14Thinking, "What if something happens?""
47:16What if something goes wrong?""Okay,
47:18it’s 1 rupee, get out quickly."
47:19I get out fast.
47:20So, when your capacity is only for one
47:23or two, why are you going for more?
47:26Tomorrow we will try for 2, then 10. If
47:29my method is repeatable.
47:31Then it will give returns.
47:32Absolutely.
47:33And if you build faith today. What did
47:35I say? At the beginning, we said people
47:37want to learn psychology, sir.
47:38Right?
47:39If there is no strategy, then what
47:41psychology?
47:42What are you earning? What are you
47:44doing? Where are you going? Where to
47:45book, what to do? So, sir, I have
47:48poured years of hard work into this. So
47:52guys, if you want to learn this in
47:53detail, we have provided the course
47:55link in the description. Although this
47:57is a 999 course. But since you watched
47:59us today and you want to learn and
48:00don't want to make mistakes. For this,
48:02I am giving you a coupon code as well.
48:03SANJAY20. Use SANJAY20 and you will
48:06also get a 20%discount on it from our
48:08side. Learn. Just the question, the
48:10point is that learning is very
48:11important.
48:12Yes. Yes, so overall, look, since we
48:14started, sir, I also got a chance to
48:17tell you about a concept.
48:20Right, that this is what I thought,
48:21based on which I made a strategy and I
48:23am repeating this every day.
48:26And since I provide mentorship,
48:28I also sit live with them.
48:29Saying, hold on.
48:32Wait, not yet.
48:33I mean, you need that instructor
48:35control, you really do.
48:36Sir, you definitely need a mentor.
48:38Yes.
48:39If I want to reach your level, I need
48:40you. You know, in classical music,
48:42there used to be a devotional song, "
48:44How can one acquire virtues without a
48:46guru?"
48:47Absolutely true.
48:48Without a guru, you cannot acquire
48:50virtues; a virtuous person is
48:51considered worthless. So, if you want
48:54virtues, you need a guru. You cannot
48:57gain knowledge without a teacher, so
48:58you need the right mentor.
49:01So sir, we have discussed up to this
49:03point that there are multiple
49:04situations where we can trade.
49:07Hmm.
49:08Still, everyone is looking for
49:09something or other in this.
49:11That maybe they might find something
49:12else.
49:13Hmm.
49:13Sir, when it turns from here, what will
49:15we do?
49:16Hmm.
49:16What if it goes down? So, this strategy
49:18has everything.
49:20Which I have taught in detail there as
49:21well.
49:22And I have mentioned it here too, so if
49:24you just apply a simple 30-moving
49:26average on it, which I have also
49:27included, there is a logic behind it.
49:30As to why it is 30.
49:31Hmm.
49:32Because sir, I value the 5 EMA a lot.
49:35Oh, I see.
49:375 EMA, so 5 EMA of 30 minutes is going
49:40to be 30 EMA of 5 minutes. Hmm.
49:43Right?
49:43Meaning, this is the parent strategy.
49:45So, we have a mandate, you know what it
49:48is?
49:48That whenever you
49:50deflect from the 5 EMA,
49:52for four consecutive candles, then on
49:54the fifth candle, you will definitely
49:55come back.
49:56Oh, you won't be able to go further
49:58than this.
49:58You won't be able to go away from this.
50:00So, if you are deflecting far away,
50:03then on these candles I...
50:04Whether you are deflecting upwards or
50:06downwards.
50:06Downwards.
50:07If you showed by the fourth candle that
50:08you are going too far from home.
50:10Then on the fifth, I will bring you
50:11back.
50:12I will call you back.
50:13You will have to come.
50:14So we saw that one was found.
50:15Hmm.
50:16It's far, it's far, one, two, three,
50:18four, at the fifth, we're home.
50:20Yeah.
50:20What we'll do is, on every candle it
50:22moves, I said I'll put up barricades.
50:24Yeah.
50:26Barricaded here, didn't come back,
50:28barricaded here, it came back nearby.
50:30This is what I did live today, sir.
50:33I told my friends, not like an advisory
50:35, my friend was sitting right next to
50:37me. Look, it will go back because it's
50:39a set rule that, brother, at the 5EMA,
50:41meaning the average of five...
50:43Yeah.
50:44At five, it has to come back. Right?
50:47Now look, in this, how are you even
50:49sitting? It will come back from here.
50:52If it comes back,
50:53We can look at one or two more examples
50:55.
50:55Yes, yes. It happens every single day.
50:58Suppose I'm sitting like this on a 30-
51:00minute chart, then sir, when it
51:02deflected from here...
51:04One, two, three, four, five, right? It
51:08deflected, moved away, and since it
51:10moved away, what did I say? Just do
51:13nothing, put a point of balance there.
51:15Okay.
51:16So after this, what would the movement
51:18be from here? That we are going up,
51:20going up, going up, going up.
51:22And we deflected from there. After
51:24deflecting, what happens? The market
51:26trend changes.
51:26Now, when will the entry be? Entry will
51:28happen after the candle closes.
51:29Yes, entry will happen after the candle
51:31closes. Because it will be on 5 minutes
51:33, right sir? Yeah.
51:34It will be on 5 minutes. If I look here
51:36, I would be sitting on the 5-minute
51:37chart. So, at the same places where a
51:40person might get confused. My trader
51:43from here...
51:45When it fell, he would short instead of
51:47going long.
51:49Yeah.
51:50Vision clarity.
51:51Yeah.
51:51Brother, what does an option buyer need
51:53? An option buyer needs to exit at the
51:54right time, otherwise, you'll be washed
51:56out. Yeah, yeah.
51:57Right, exiting is what you need to know
51:59. The trend has changed. The market has
52:01gone down. Now, would any user have
52:02thought here that after falling so much
52:04, we would go back?
52:06Yeah.
52:06We don't think that, right? We created
52:08a "Seven Seas" strategy based on these
52:11things.
52:11That...
52:12Because strategy names are always very
52:13good.
52:14Yeah. It will turn from here. So, I got
52:16the vision. And when it climbed above
52:18this, the vision became even clearer.
52:20That if you climb above 30, you will go
52:21even higher. Trade here, trade here,
52:24trade here, trade here, small SLs,
52:27small SLs, small SLs; what else does a
52:30buyer need?
52:31Yeah.
52:31A buyer needs just this, right?
52:33And the same thing, sir, is reflected
52:36in your options. Meaning, when you go
52:38to 30 minutes...
52:39Yeah.
52:40Then you were far from the 5 EMA.
52:43See sir, we were far from the 5 EMA.
52:46Hmm.
52:47So when it was there
52:48It’s big.
52:48Yes. So from ₹ 43 where did it go? It
52:51went to 72.
52:52Wow, within a span of
52:56If I mark this here, sir
53:00Then the SL was just 41, right?
53:02Hmm.
53:03And on the 5-minute chart, its entry
53:05was at 445.
53:07Yes sir, if I had picked it up on the 5
53:09-minute and put a stop loss of just ₹
53:112, it’s just about placing it, right?
53:14If you had placed it, it didn't go back
53:16down.
53:16Hmm.
53:17Now you book according to your capacity
53:19. This was one situation. This was the
53:21second situation. This was the third
53:24situation. Some sense should have
53:26prevailed to take something from
53:27somewhere.
53:28Hmm.
53:29But don't go above this. He will stop
53:31you.
53:31Hmm.
53:32Because he is a seller.
53:33Hmm.
53:34The one from the first candle.
53:35Hmm.
53:36He is not letting you pass, is he? If I
53:38know he won't let me pass, then why
53:40should I go and get myself killed?
53:41Hmm.
53:42If I go and get stuck, sir, you will
53:44definitely hit me. So if you know about
53:46it, then I am a buyer from here, sir.
53:48That's why he becomes a seller from
53:49here.
53:51Meaning you are saying that a buyer
53:53should make small heists, or rather,
53:55catch one move and exit.
53:57Should exit.
53:58It's not a long game.
53:59Sir, it’s not a long game at all in
54:01the Indian market. We have celebrated
54:03the last three Independence Days at the
54:05same level.
54:05Yes, yes.
54:07So when the market isn't going anywhere
54:08.
54:09Then I have to be that smart. People
54:11are looking for swings in option buying
54:13, sir. How will you do that? This is a
54:15pure sellers 'market because you have a
54:17pure sideways market.
54:18But sir, the sellers are also getting
54:19crushed. Suppose, you are doing it in
54:21stocks, sir.
54:22I do it in stocks.
54:23Ask those in index.
54:24We know, that’s why we don’t trade
54:26index.
54:27They are in a very bad state. But if
54:29someone still wants to do selling. Like
54:31your user. Your user. Is watching it
54:33well. Wants to trade index. Use red
54:36bars.
54:37Do hedging. Do whatever you need to.
54:39Book profits properly. I did the same
54:41thing too. I hedged. I sold this call
54:45option at 150, it is currently at 110,
54:47and I have also sold a put option
54:49against it.
54:52That
54:52Yes, that is at ₹ 50.
54:54Hmm.
54:55So the 50 became 60. I got ₹ 30 here.
54:58I carried it overnight.
54:59You took away ₹ 20.
55:00I took it away.
55:01And in this way if
55:02the game of lots, how many lots can you
55:04play with? That is your quantity.
55:06Now if I can give a buyer a method that
55:08brings them some confidence and a
55:10system. Now let's give it the final
55:12impact. I said everything has a limit.
55:15The market has one too. Hm.
55:17We need to recognize the market's limit
55:19. How is that done? I mentioned ATR.
55:22Now what I did here, sir, is that so
55:24the user doesn't forget, I have
55:26introduced a percentage method here.
55:28Okay? This shows the Renko line. Hm.
55:31What does the Renko line tell us? That
55:34if you from one place, hm.
55:37If you are moving downwards or upwards
55:38from a place.
55:40Hm.
55:44Then unless you deviate 100 points
55:46below or 100 points above a certain
55:48Renko engine line, you will come back.
55:52Okay.
55:53Now like it went from this place.
55:54Hm. Now this is a 100-point range. Hm.
55:57We studied it.
55:58If we put a table in this, it will show
56:00how much the present percentage range
56:02is running here.
56:03Okay?
56:04If we put a table here, the present
56:06percentage range is 160.
56:08The value that comes according to the
56:100.6%calculation is 160. If we change
56:14this to 50 as we calculated, I will
56:16show you a simple example so the user
56:18understands. Here, if we select Nifty.
56:23Oh, I can see that you can run this on
56:25many instruments. Everywhere.
56:28Whether it's Gold, Natural Gas, or Bank
56:30Nifty, everywhere.
56:32Yes, if I keep the fixed box size at
56:34100, sir.
56:35Then this becomes its 100 definition;
56:37now think, we knew 100 from ATR.
56:40Yes.
56:41We would catch it at the bottom, sir.
56:43Hm.
56:44Because that is its.
56:46And we would exit almost at the top; so
56:48if you understand market structure,
56:50think about what I am catching and
56:52trading.
56:53Hm.
56:54Meaning, I am not trading blindly; I am
56:56trading based on market structure. I am
56:59catching the market's range. I am
57:01catching the deviation. And there is a
57:03reason behind the reversal that came
57:04from here in the market, sir.
57:06The reason is the same 6-hour chart
57:08that we identified, showing who is
57:10sitting here. An institution is sitting
57:13here.
57:14Hm.
57:15Looking at that institutional position
57:17when it was falling. I told my users, "
57:19Look, be alert." The big players are
57:23below, and when they strike, the user
57:25thinks today it will go to zero.
57:26Hm.
57:27Brother, what will happen to Nifty?
57:29It’s falling, so where will it go?
57:31Will it hit zero today?
57:32Today it will only be negative, it
57:33can’t be positive. So what will he do
57:36? He’ll be scared when it falls, and
57:38surely sell when it rises.
57:41Oh.
57:41Do they think it's reverse psychology?
57:43Yes, it is, sir. When it goes down,
57:45what do we do? Buy, buy, buy.
57:47When it goes up, what do we say? Sell,
57:49sell, sell, sell, sell. We should do
57:52the opposite, but we don’t. Like, we
57:54don't respect Rakesh Jhunjhunwala. He
57:56said one thing that was very cool. I
57:58still remember it to this day. I told
58:01them, it was a proverb in Gujarati, but
58:03I understood what I’m saying: Buy as
58:06it rises. Sell as it falls. We do the
58:11exact opposite. Why did he become so
58:15big? Look, if only 5%of people in the
58:17world are making money, then 95%are
58:19making mistakes.
58:21Making mistakes.
58:22So you just have to look at what the 5%
58:23are doing.
58:24What are the 5%doing? I am not that
58:26kind of investor, believe it or not,
58:28but I mean, besides SIP, I haven't even
58:30built a portfolio.
58:32Oh.
58:32I’m just not that type.
58:34Hmm.
58:34So tell me, why didn't you build one?
58:36Because what would I do? Whenever a
58:38portfolio was built, I would sell it
58:39off.
58:40Hmm.
58:40And then I would use that money for
58:41trading. Hmm.
58:43So now I have separated my SIP. In the
58:45trading account.
58:45Separate, separate.
58:47I can't do it.
58:47Doing it right.
58:48So if I look at it this way, I have
58:50identified the reversal.
58:51Now think, my range was 100 points,
58:53right sir?
58:54Hmm.
58:55Now I will give you the final impact of
58:56this.
58:58That if the user still has doubts, then
59:00in a few days I will introduce AI Renko
59:02, my favorite thing, because everyone
59:04used Supertrend for buying and selling.
59:08Hmm.
59:08For buying and selling. But when they
59:10used it on a 1-minute chart, sir.
59:12Hmm.
59:13We would get frequent buy and sell
59:15signals, even if one or two were wrong.
59:17Hmm.
59:18Okay, even if it gave a wrong signal
59:20once or twice.
59:20Hmm.
59:21Then our user would end up sitting on a
59:23loss in that spot.
59:23Hmm, hmm.
59:24Like, suppose if you sold here, you
59:26would cut the trade right here.
59:27Hmm, hmm, hmm.
59:29And if you did this, you would cut it
59:30here.
59:31So they were never able to book a
59:32profit.
59:33Hmm.
59:34So what I have done instead is develop
59:37the AI Renko Supertrend, okay?
59:40What is AI Renko? We just saw these
59:42Renko lines, right?
59:44We saw these lines to see when Renko is
59:46calculating the range—how much is the
59:48range? The range of the points. If it's
59:50below this, it remains negative.
59:52As the range completes, it goes back.
59:55So if we
59:57take the Renko logic
59:59and
59:59insert it into Super Trend.
1:00:01Hmm.
1:00:03Then a smooth price action develops
1:00:05there.
1:00:06Hmm.
1:00:08Using which we can sell at the top.
1:00:10Hmm.
1:00:11And we can buy at the bottom.
1:00:13Got it. So, for anyone who wants to
1:00:16learn auto-brick calculation in detail,
1:00:18they can learn our non-reprintable
1:00:20Renko, and I will launch AI Renko very
1:00:22soon at a very affordable price. So we
1:00:25will study that with you, sir. So just
1:00:28think, if we give this to a user
1:00:30hmm
1:00:32at the bottom, and they read it on a 3-
1:00:34minute or 2-minute chart,
1:00:36hmm
1:00:38then tell me, why does a user fear and
1:00:40need support? Right? Hmm.
1:00:43Who looks for a mentor to tell them
1:00:45what to do, right? I would sell from
1:00:47here.
1:00:48So as long as this parent is red from
1:00:50the top,
1:00:51hmm
1:00:52I don't have to think about buying.
1:00:54hmm
1:00:56Because the Renko brick is with you.
1:00:57What is AI Renko, sir? It calculates
1:01:00Renko bricks synthetically. hmm
1:01:03Renko is a type of brick.
1:01:05It calculates it synthetically and
1:01:07gives you a trend on the candlestick.
1:01:09hmm
1:01:10So Renko generally looks like this.
1:01:13hmm
1:01:14To do this on TradingView, one has to
1:01:16get the premium version.
1:01:17hmm
1:01:17A retailer won't pay 5000 a month.
1:01:20hmm
1:01:21So we have calculated it in such a way
1:01:23that you don't do anything. You just
1:01:26sit back,
1:01:28and just watch it on 2-minute and 1-
1:01:29minute charts.
1:01:31What is the trend, sir?
1:01:33The trend is upward.
1:01:34hmm
1:01:36On these moving averages, somewhere
1:01:38here, common sense will kick in to buy.
1:01:40hmm
1:01:41Don't sell. Now think, sir, if a seller
1:01:43has such a system,
1:01:45hmm
1:01:45then they can also sell.
1:01:46A buyer will buy, a seller will sell.
1:01:48They will sell.
1:01:49They can trade in large quantities.
1:01:50They can trade large quantities, so the
1:01:52trend is with you.
1:01:53You quickly earned the decay and also
1:01:54the reverse direction profit, so what
1:01:56do I do? Once I've made my daily target
1:01:58,
1:01:58Yes. Now I will tell the buyer only one
1:02:00thing. Look, however your user is
1:02:02watching, I will tell them only one
1:02:04thing. Son, we don't need to mess
1:02:06around everywhere.
1:02:07hmm
1:02:07We don't need to mess around everywhere
1:02:09. You saw that 5-minute red bar.
1:02:12hmm
1:02:13An active seller and buyer are sitting
1:02:15there.
1:02:15hmm
1:02:16Okay? Just manage that range.
1:02:21Just manage that range.
1:02:23This range will...Whichever way you go,
1:02:28just go with it. hmm
1:02:30If you're going that way, join him. Sir
1:02:33, to handle this range, what was the
1:02:35range again? 100 points.
1:02:38Take 50 then.
1:02:39You'll earn it easily.
1:02:40Just take it easily, just take it.
1:02:42Take 50, take 25, take 10, whatever you
1:02:44want. Hmm.
1:02:46Sir, suppose a guy with 180 points.
1:02:50Hmm.
1:02:51Trades with three lots.
1:02:52Hmm.
1:02:52Takes 20 points.
1:02:54Hmm.
1:02:54That's 3500 rupees a day.
1:02:56That's a salary.
1:02:58That's a salary; first earn half that
1:03:00salary.
1:03:01Hmm.
1:03:01First see if you can even execute a
1:03:03trade.
1:03:03Hmm.
1:03:04My hands shake, sir, I can't do it.
1:03:06Yes, when real money is on the line,
1:03:08you...
1:03:08No, you can't do it. If you can't do
1:03:11this,
1:03:11Then how will you earn 1 lakh rupees a
1:03:13day, brother? Even if...
1:03:15And even if you earn it, will you be
1:03:16able to keep it? No one can keep it. I
1:03:19couldn't keep it. God knows how much
1:03:21money I earned. God knows how much I
1:03:22made. But when I finally came to my
1:03:25senses, I realized I'm a scalper; I
1:03:27can't hold positions. I will definitely
1:03:31do selling on expiry day. Like I just
1:03:33did. I'll book it tomorrow morning at
1:03:359:15.
1:03:36Okay. Doing this much is fine. Tell me,
1:03:38if I have to hold for 1, 2, or 3 days,
1:03:40I'll start sweating. So you are a
1:03:42one-month kind of person.
1:03:43You are a one-month kind of person. So
1:03:44look, individual...
1:03:46It's my nature, it's my nature.
1:03:47We are people of different natures.
1:03:49I hedge the portfolio, pledge it, and
1:03:52then do selling. I can't do that. I
1:03:53have done it three times.
1:03:55We do the same thing.
1:03:56You do the same thing. So, am I wrong,
1:03:57or is he right? Sir, look, in my view,
1:03:59he is definitely right.
1:04:00No, no, it's not about being right or
1:04:02wrong; it's about suitability.
1:04:03Yes. I think it's all about suitability
1:04:05. People say, "Hey, this food is bad."
1:04:07This food isn't bad. It just doesn't
1:04:08suit you. I am just saying, Sanjay sir,
1:04:10that if I want to earn money from this
1:04:12—these aren't bookish trades or
1:04:14bookish strategies.
1:04:17No, you have completely internalized
1:04:19this and built something for yourself
1:04:21that works for you. Now it's your turn.
1:04:25Either follow Sanjay sir's path or
1:04:27reach there through my path; we both
1:04:28have to reach the same place.
1:04:31I remember you once said that
1:04:32eventually, everyone has to become a
1:04:34seller with a large capital.
1:04:35They have to; there is no other option.
1:04:37Hmm, because why should a buyer take
1:04:39unnecessary risks? Why are we buying?
1:04:41Because it can be done with 10,000
1:04:42rupees.
1:04:43Yes.
1:04:43It can be done in 20,000. But do not
1:04:45work on useless strategies. At least
1:04:48find one method. Look, that is exactly
1:04:50it. You said it very correctly that if
1:04:53the skill you are acquiring, the active
1:04:54trading you are doing, if you don't
1:04:56have a method or a system for it,
1:04:58brother, even life runs on a system. A
1:05:01man wakes up in the morning, freshens
1:05:03up, brushes his teeth; so if life is
1:05:05running on an SOP, then trading should
1:05:07also run on an SOP, there shouldn't be
1:05:09any randomness.
1:05:10Absolutely sir, look, if I bind this
1:05:12into a market structure through AI
1:05:14Renko
1:05:14Hmm.
1:05:15And every day the AI Renko says whether
1:05:17it's selling or buying, whatever the
1:05:19market structure is saying, whether
1:05:20it's going up or down.
1:05:22Even if you look at it more as support
1:05:24and resistance rather than just buying
1:05:25or selling.
1:05:26You are saying it right.
1:05:27No.
1:05:28Look at the block, whether it is a
1:05:29positive block or a negative block
1:05:31above.
1:05:32If I am like this.
1:05:34And for entry conditions, if I have
1:05:36advanced red wire levels in front of me
1:05:38.
1:05:39Hmm.
1:05:40If this is support, if this is
1:05:42supportive, just do it at this level,
1:05:44man.
1:05:45Hmm.
1:05:46Go from this place, take the support of
1:05:47the EMA and do it.
1:05:49What is the need to go in the wrong
1:05:51direction for no reason?
1:05:52If you go in the wrong direction
1:05:54unnecessarily, what will happen to you?
1:05:56You will end up broke at home. It makes
1:05:58no sense.
1:05:59I mean, remember that an option buyer
1:06:01starts from behind the line.
1:06:04Yes.
1:06:05And an option seller starts from ahead
1:06:07of the line.
1:06:08In the race. Why? Because at the money,
1:06:11you have a 1/3 chance of winning. I
1:06:13already have a two-thirds chance of
1:06:14winning.
1:06:15Look, Sanjay, it’s simple.
1:06:16I will win less, obviously.
1:06:18Suppose, sir, Sanjay sir is winning.
1:06:21But if I have to defeat Sanjay sir, now
1:06:24let's say outside, someone tells me, "
1:06:26Sir, you've talked a lot," suppose they
1:06:28tell me, then I will say, suppose if I
1:06:30have to defeat Sanjay sir, how can I
1:06:32defeat him? Sanjay sir is sitting there
1:06:35. Suppose during the day, when Sanjay
1:06:37sir is on a winning streak, he
1:06:39shouldn't defeat me. Hmm.
1:06:41I should just not be in front of him.
1:06:43I, Sanjay sir's...
1:06:44In front of his sword, I...
1:06:46I will not come in front of his sword.
1:06:47He will only draw the sword when his
1:06:49life is at risk.
1:06:49Hmm.
1:06:50You are saying it right.
1:06:51He will cut only then.
1:06:52Only then.
1:06:53That the seller will cut us only then.
1:06:54Yes, that I sold at 10 and it became 20
1:06:56.
1:06:56It became 20. Now I will cut it.
1:06:58Now I will take the opposite position
1:07:00or bring in more capital. Yes.
1:07:02You have to look at big institutions
1:07:03like Sanjay Sir, wondering when they
1:07:05will strike me. I shouldn't be in front
1:07:07of them.
1:07:07Yes, exactly.
1:07:08Now if they are going in that direction
1:07:10. I take my position in that same
1:07:11direction. So, I want to highlight this
1:07:13here.
1:07:13Very beautiful, Doctor D. It was
1:07:15delightful.
1:07:16Right? That suppose my risk here is
1:07:18only this much.
1:07:19Hmm.
1:07:20I gave you the market structure.
1:07:21That it will only go this far. You ran
1:07:23away too early.
1:07:24So Doctor D, we have seen all your
1:07:26indicators. And we will be eagerly
1:07:28waiting for your AI Renko indicator.
1:07:30Yes, sir. And I realized one thing
1:07:33while talking to you, which was that
1:07:35this is not only a tool for option
1:07:36buyers. It can also help option sellers
1:07:40. Since I am an option seller, my
1:07:42perspective is singular. I look at only
1:07:46one thing because I feel that whenever
1:07:48we want to grow in life, we should
1:07:50focus on just one thing. Ah, even in
1:07:54the Bhagavad Gita, Lord Krishna told a
1:07:56very beautiful shloka to Arjuna. He
1:08:00said, "Vyavasayatmika buddhir ekeha
1:08:03Kuru-nandana."
1:08:06Vyavasayam.
1:08:07Aatmika means soul.
1:08:08Soul.
1:08:09Buddhi.
1:08:09Intellect.
1:08:10Eka.
1:08:11Only one.
1:08:12Kuru-nandana, Kuru means he was
1:08:14addressing Arjuna.
1:08:15Yes.
1:08:16Right, so when you put your endeavor,
1:08:18your soul, and your intellect.
1:08:20Hmm.
1:08:21On just one thing.
1:08:22Then your success is guaranteed.
1:08:23Definitely.
1:08:24Right, you have done this phenomenally
1:08:26in option buying, I am doing it in
1:08:28option selling. But I feel that the
1:08:30tool you have created is not just for
1:08:32option buyers.
1:08:34It is also a great tool for good option
1:08:35sellers like me.
1:08:37So that we can improve our probability.
1:08:39Look, I believe that this game is a
1:08:41game of probability.
1:08:42It is not a game of profit. It is a
1:08:43pure game of probability. How many
1:08:45times I win is more important than how
1:08:47much I win.
1:08:48Absolutely right.
1:08:49So, I really enjoyed it, Doctor D, and
1:08:52I always do. I keep interacting with
1:08:54you anyway. And thank you so much for
1:08:56creating so much value today. Before
1:08:58leaving.
1:08:58Yes, sir.
1:08:59One question, once again on psychology.
1:09:02Yes.
1:09:02You have many students. Many, I know.
1:09:06Many of them will be successful.
1:09:08And many will be unsuccessful.
1:09:09Absolutely.
1:09:11What are one or two things among those
1:09:13who are failing? Except for what you
1:09:15told me about greed and all that. What
1:09:17other things do you feel are making
1:09:19them unsuccessful?
1:09:21The main thing I’ve noticed is that
1:09:22they are impatient. Mm.
1:09:25Impatient, I mean, and they aren't
1:09:27disciplined. They want to—let me
1:09:30explain the constraints I experience
1:09:32with them—they want to follow me.
1:09:35Mm.
1:09:36But they aren't able to.
1:09:38Mm.
1:09:39I mean, it's not in their hands; it's
1:09:41not under their control, not in their
1:09:43senses.
1:09:44Mm.
1:09:46For instance, if I say that I respect
1:09:48you with all my heart...
1:09:50Mm.
1:09:51Then what I would do is, everywhere,
1:09:53all the time, my soul would know that
1:09:55for Sanjay Sir...I mean, I love that
1:09:57man, right? If I think that way, even
1:10:00if someone is speaking ill, I will
1:10:02counter it; I’ll be on that side
1:10:04saying, "No, I know what he’s doing,"
1:10:06right? Now, I tell them the same thing:
1:10:09here is the red bar, follow it. They
1:10:11can see it.
1:10:12Yes.
1:10:13But they can't help themselves, so I
1:10:15tell them to do nothing.
1:10:17Mm.
1:10:19Take a deep breath and do the same
1:10:21thing every day, just like you said,
1:10:23keep trying to do that one thing again
1:10:24and again, but they can't do it. Mm.
1:10:28Now, think about it, if there’s no
1:10:30patience.
1:10:31And there are trust issues, then where
1:10:33does that come from? It comes from your
1:10:35home, brother.
1:10:35Mm.
1:10:38So instead of doing it sneakily, why
1:10:40not do some research, discuss it a bit,
1:10:42and settle it calmly? They are training
1:10:46in secret, sir. Mm.
1:10:48Mm.
1:10:49And they are doing it in fear.
1:10:51Doing it without learning. So what will
1:10:52happen? Trust issues are bound to
1:10:54happen. Because suppose I say as much
1:10:56as I want that I am a saintly soul. I
1:10:57am a saintly soul. I have come here for
1:10:59this very reason. That is why I came.
1:11:01Your eyes haven't even seen that person
1:11:03.
1:11:03How many Sanjays are there? How many
1:11:05Dr. Devenders, tell me? You haven't
1:11:06seen them, right? You haven't been
1:11:08face-to-face with me. You haven't
1:11:10discussed anything with me, so how will
1:11:12I appear to you? "Oh, another scammer."
1:11:15Mm.
1:11:16Now, if there isn't that acceptance in
1:11:18my eyes to value what you say, and what
1:11:20are we—sir, your option selling
1:11:22course, how much do you charge, let’s
1:11:24say?
1:11:24300-400 rupees.
1:11:26Why do I provide it for 300-400 rupees?
1:11:28So that I can address a mass audience.
1:11:30Right? I also do the same—address a
1:11:32mass audience. What is the mass
1:11:34audience thinking? Just another option.
1:11:36Mm.
1:11:37What is the mass audience thinking?
1:11:38That it’s just another option. Yes,
1:11:40whoever spends time with me increases
1:11:42their trust in me. So, until you
1:11:46develop faith in a strategy, a method,
1:11:48or a thing, and don't believe in it,
1:11:50will it give you money? It won't, right
1:11:53! And moreover, it’s been one day and
1:11:56they say it’s not working, two days
1:11:58and it’s not working. You know in
1:12:01science, there used to be experiments
1:12:03in textbooks, and they’d say, "Sir,
1:12:05go do n = 3."
1:12:06Hmm.
1:12:08So, we used to calculate standard
1:12:10deviation because the mean is never
1:12:12alone, so before calling something a
1:12:13failure, give it at least two to three
1:12:15months.
1:12:16You're saying it right, very correctly
1:12:18said. Dedicate yourself to it, leave
1:12:20everything else, you can curse me and
1:12:22leave later, right? Suppose I taught
1:12:25this Red Bar Theory, you read it too;
1:12:27let's say you applied a coupon, bought
1:12:29it happily, have faith in Sir, have
1:12:31faith in me, okay, you took it. Watched
1:12:35it for two days, you don't know
1:12:37anything about it yet, suddenly you
1:12:38tried to mint millions from it, and the
1:12:40market structure as it is now, it won't
1:12:42give that level of money every day, so
1:12:44set your expectations accordingly.
1:12:48And go and stick to it for at least 3
1:12:50months, grind at it, saying "I will
1:12:52only do this."
1:12:52Hmm. "I won't do anything else," so how
1:12:55many people are actually able to do
1:12:56that, sir?
1:12:57Hmm.
1:12:57They aren't able to; now my mentorship
1:13:00batch with Sir has gone from 150 to 500
1:13:03, and out of those 500, 250 are old
1:13:05students.
1:13:06Hmm.
1:13:06So 250 were left behind, right sir?
1:13:08Who were the ones who moved forward
1:13:11from those 150-250?
1:13:12Hmm.
1:13:12Those who slowly, slowly kept sticking
1:13:14to that very same thing.
1:13:16Five months of mentorship means five
1:13:17months.
1:13:18Hmm.
1:13:18Now they have been associated with me
1:13:20for five months.
1:13:21So if you ask them, they will be like:
1:13:23It was amazing. My life has changed.
1:13:25There is a shloka from the Bhagavad
1:13:27Gita for this. It is: "Ajnanashcha
1:13:29shraddhanashcha samshayatma vinashyati,
1:13:32nayam loko'sti na paro na sukham
1:13:34samshayatmanah." It means a person who
1:13:36has no knowledge, ignorance. Right? "
1:13:39Ajnanashcha shraddhanashcha" means one
1:13:41who has no knowledge and one who has no
1:13:43faith—faith means conviction, yes.
1:13:45So, "Ajnanashcha shraddhanashcha
1:13:47samshayatma vinashyati."
1:13:49It means the "doubting soul," the one
1:13:51who keeps doubting, their destruction
1:13:52is certain. "Nayam loko'sti na paro,"
1:13:55neither with Devendra Sir's strategy
1:13:58nor with Sanjay Sir's strategy, "na
1:14:00sukham samshayatmanah."
1:14:02Such a doubting soul will not attain
1:14:04happiness, which is profit.
1:14:06It’s not going to happen, so brother,
1:14:08I learn whatever I learn from the
1:14:09Bhagavad Gita. So you need the
1:14:12knowledge that Sir is providing you.
1:14:15You need the faith that will come to
1:14:16you through continuous practice. You
1:14:18will have to stay persistent. It is
1:14:19possible you might get success in 6
1:14:21months. It is possible you might get it
1:14:22in 12 months. It is possible you might
1:14:24get it in 18 months. If I am extra
1:14:25lucky. It is possible I might get it in
1:14:27two or three months. But if you stay
1:14:28persistent, then success will
1:14:30automatically come to you for sure.
1:14:31I say only one thing. Look, the market
1:14:33is there every day. So everyone says
1:14:35that it will remain every day. Whether
1:14:36you are there or not. I say that it
1:14:38will pass before your eyes every day.
1:14:39Hmm.
1:14:40It will move 150-100 points every day,
1:14:42and if you have a fixed strategy, then
1:14:44who will fail? You will be.
1:14:45You will be.
1:14:46And even if you want to, you won't be
1:14:48able to curse me. Because it works
1:14:49every day.
1:14:50Hmm.
1:14:50There is no such thing that works every
1:14:52day, but it is going every day.
1:14:53Hmm.
1:14:54So, it is not that my strategy is not
1:14:56successful. The market is successfully
1:14:58doing and deceiving all of us. Right?
1:15:00The market is deceiving us every day.
1:15:02So, if you want to be deceived less,
1:15:04then stick with one fixed thing. And
1:15:06focus on one. Focused. It is going in
1:15:08front of you. Now look, it is moving
1:15:10from here, but I am unable to catch it.
1:15:11It is going up, but I am unable to
1:15:13catch it. So, who is unable to change?
1:15:15You personally.
1:15:16So, what do I tell everyone, brother?
1:15:18Do not become a chameleon-like person,
1:15:20but definitely become a trader. Isn't
1:15:22it? Become a much better human being.
1:15:24Do not deceive anyone. Walk on a good,
1:15:26pure path. That I could also achieve,
1:15:28or is it just my own capability? No.
1:15:29The blessings of everyone like you work
1:15:31, brother.
1:15:32Only then does that thought come.
1:15:33To whom should I give the credit for
1:15:35this? You know, whatever good deeds I
1:15:37did, or the people around me, their
1:15:39luck must have been with me, only then
1:15:41did I see the' range 'at 4:00 AM that
1:15:43night, otherwise I had been searching
1:15:45for 6 or 7 years if money is ever made
1:15:47or not.
1:15:49I was truly in such a state, Sanjay Sir
1:15:51, that either I fail now, and I don't
1:15:53want to fail, so God, show me something
1:15:56.
1:15:57Otherwise, which path would I take?
1:15:59Very good.
1:15:59And I didn't have the habit of learning
1:16:01from others, so I never went to anyone,
1:16:03and their intellect didn't match mine.
1:16:05So, at the very first thing, I would
1:16:07lose my temper because except for you,
1:16:09you are an intellect. You won't digest
1:16:11everyone who just comes and says, "This
1:16:13is my best strategy." If it is a best
1:16:15strategy, then I will look for the
1:16:17logic behind it.
1:16:17Yes, I want the defense: what is the
1:16:19basis for this?
1:16:20If it is not logical, I will not accept
1:16:23it.
1:16:23If my mind doesn't accept it, then I
1:16:25won't behave in that particular manner.
1:16:28That is the compulsion for people like
1:16:29us.
1:16:30Hmm.
1:16:31I—we cannot stand. The damn
1:16:33mind just doesn't work otherwise. Such
1:16:35people remain more troubled. They don't
1:16:37accept that, brother, I don't see it.
1:16:39So, luck favors those who keep
1:16:41searching in the same spot, kept at it,
1:16:43and eventually, I found it too.
1:16:46I will give you a ready-made thing that
1:16:48I have unearthed so far, if you want to
1:16:50call it that, and it's not a huge deal.
1:16:52Just for observation, right? It's an
1:16:54observation.
1:16:55Observation.
1:16:56Sir, your tool, I'm telling you, is a
1:16:58boon for sellers. A very big one. For
1:17:00buyers, it definitely is, of course.
1:17:02They can practice, they can do all that
1:17:04. But I say that even if you are an
1:17:06option seller or you sell futures, or
1:17:07do anything. If you have a greater
1:17:10inclination towards selling.
1:17:11Then I think...
1:17:12That's what I am saying, Sanjay sir, my
1:17:14users kept demanding this. Give us the
1:17:16AI rank, give us the AI rank, give us
1:17:19the AI rank. I didn't give it.
1:17:20I said, "First study the rank."
1:17:22Hmm.
1:17:22Come after studying first.
1:17:23It is very important.
1:17:25Study first.
1:17:25A tool should never be given.
1:17:27Ready-made things shouldn't be given.
1:17:28So I said, "Study." Hmm.
1:17:29Even now, six or seven sessions of the
1:17:31mentorship are over.
1:17:32Hmm.
1:17:32I haven't given the tool.
1:17:33You did very well.
1:17:34I said...
1:17:35We also give it at the very end of our
1:17:36mentorship. Until you submit your
1:17:38thesis, we don't give it.
1:17:39Don't give it. I said, then they ask, "
1:17:41What value should I put in this?" I
1:17:42said, "Did I teach it?"
1:17:43No, I didn't, right?
1:17:45So when you have studied it, then you
1:17:47can question it. And if you question it
1:17:48, I certainly will.
1:17:49Brother, every expensive car has a
1:17:51manual.
1:17:52Absolutely. If you sit in a Rolls Royce
1:17:54, you won't even know where to start it
1:17:55from.
1:17:55Where to start it from? What?
1:17:57Where to turn it off, how to shift
1:17:58gears, how to open the roof, how to
1:18:00open the door? You won't know anything.
1:18:02Until you read the manual of that car.
1:18:06But very cheap cars don't need a manual
1:18:08. So, anything of quality comes with a
1:18:11manual. Read that manual. Only then
1:18:13will you be able to make the best use
1:18:15of it. When you learn to make the best
1:18:17use of it, that thing will bring you
1:18:18enjoyment. I’m saying that usually
1:18:21what happens is, sir, when we go to
1:18:23expensive places while being a bit poor
1:18:25,
1:18:26we feel a lot of hesitation inside.
1:18:28Like what are we, and we don't belong,
1:18:30it feels like I don't belong. When I
1:18:33used to travel in an AC coach coming
1:18:34from a sleeper class, it felt like
1:18:36these people are from another world. So
1:18:38, what we are talking about regarding
1:18:40profitability today, these people will
1:18:42say it's from another world.
1:18:43For these people, nothing like that
1:18:45even exists, right?
1:18:46In their eyes, this thing does not
1:18:47exist.
1:18:48It doesn't. That's what I'm saying. And
1:18:50if you believe it doesn't exist, I
1:18:51swear to God, you will not see it.
1:18:53You won't see it. You should have an
1:18:56eye for the best things in this world.
1:18:58It won't happen, you won't find it.
1:19:01Just believe.
1:19:02That it happens. It happens; when you
1:19:04believe, your hands will move.
1:19:05Otherwise, they will go numb. And you
1:19:08tell me, you have to keep your hands
1:19:10moving. You are a buyer. You have to
1:19:13fight them. And by holding their hand,
1:19:15we have to move forward. Right?
1:19:17Thank you so much. Thank you Dr. G, for
1:19:19all your time today. And I am sure
1:19:21people will have many more questions
1:19:22for you, so I will request people to
1:19:24write them in the comment section below
1:19:26and I will call him again, request him
1:19:27again, to come and solve more of your
1:19:29doubts. Thank you so much for your time
1:19:30. Thank you so much, sir.
1:19:32So guys, if you have reached this far,
1:19:33it means you have watched this video
1:19:34completely. What have been your top
1:19:36learnings? Do tell me quickly in the
1:19:37comment section. If you do not follow
1:19:39Dr. D yet, I have provided all his
1:19:40handles in the description. His YouTube
1:19:42, his Instagram, you must go and follow
1:19:45him. He is one of the most intelligent
1:19:46traders I have ever met, and I felt I
1:19:48should bring him onto this channel. So
1:19:50that’s why I brought him, and I think
1:19:51you must have gained a lot of value too
1:19:53. If you liked the video, then quickly
1:19:55hit that like button once. Do share
1:19:57this video with all your troubled
1:19:58option buyer friends, because they must
1:20:00have lost a lot of money. Perhaps, by
1:20:02learning this, they can create a
1:20:03journey for themselves in option buying
1:20:05and become a bit profitable. And yes, I
1:20:07have provided the link to his course in
1:20:08the description. You can also get a 20%
1:20:10discount by using the code SANJAY20.
1:20:12And if you have any questions, do let
1:20:14me know. This is Sanjay Kathuria
1:20:15signing off until the next episode. Jai
1:20:16Hind, Jai Bharat.

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