Welcome to NiftyScalper - Mentoring
If you are reading this page it’s perhaps because you are curious about Scalping or you are new to the financial markets and keen to develop your knowledge in this space. Whether you are up-skilling or you have some experience in trading, but think something in your approach is not working too well and needs refining or you are a complete novice, we have something for you.
Why Mentoring?
Trading like any other skill takes time to learn, I personally believe it cannot be learnt in a single sitting of 8 or 16 hours in a workshop mode, because learning takes time. You need to learn the basics, assimilate it, ask questions and then iteratively move from simple to complex topics, asking questions and clarifying all through the process.
Which according to me can take anywhere between 3 to 6 months at least. That is the reason I stopped doing workshops, as I realised its an absolute waste of time and money for the participants, except for a few.
If you attend any of the workshops you will realize, there are so many concepts and ideas which the trainer and may be a a few people understand, the rest just nod their heads and get back to their life, without having understood a thing.
Mentoring on the other hand is a more one to one process, of asking questions, sometimes multiple times till the point you understand the topic, not something possible in a workshop mode.
Through this mentoring programme, at NiftyScalper, we would be assisting you in familiarizing yourself with all the all the aspects of scalping & trading, and more importantly learning to put them together in your-own-way, in a way that works for you. As they say – there are a thousand ways to skin a cat. You need to find the one that works for you, and if I may add – all this while keeping a close tab on what works for others.
It’s also important to understand that scalping as an isolated trading strategy can be extremely risky and we at NiftyScalper do not recommend that. In other words you need spread your strategies across time frames with each of those strategies having a statistical edge.
As a part of mentoring we help you understand multiple strategies, which span across time-frames, including Delta Neutral Option Writing Strategies and Directional Naked long and short strategies.
With that covered, let’s get down to the brass tacks.
What will I learn in this program? You can choose all together or each part separately
Part 1 : Options Basics
This module is only for those who are new to trading and covers only basics, not recommended for those who have traded derivatives already
Basics of the Index Futures and Options (Focus on Intraday Setups / Indian Markets)
Basic understanding of three back-tested / proven setups for NIFTY
Brokerage & Trade Execution Platform Selection
Trading Psychology - The mindset need to get started
Part 2 : Craft of Scalping - Through both long and short Options Strategies
NIFTY Market Structure, Correlations and Intraday Probabilities.
High Probability Intraday Setups - NIFTY Only
What drives NIFTY? - Market Internals vs. Derivative Products
Market Profile, Order-flow and the truth! - Why these things don’t offer an edge?
Indicators - Do they help?
Using Market Internals as Signals
Position Sizing, Entry/Exit strategies & Risk Management
Use of charting tools and brokerage selection – To maximize reliability, reduce costs
Individual access to the mentor for deeper learning
Live Trading - Hand-holding
Note - Craft of Scalping has two approaches, with and without Market Internals/Breadth Indicators, depending on your comfort you can choose either of the approaches.
Part 3 : Trading as a Business - Focus on Option Writing Strategies
How to generate a steady return on my Capital?
Using collateralized capital to run Option Writing strategies.
Adjusting Option Strategies, based on quantitative rules
Optimizing hedging costs, to increase overall returns.
How does this Mentoring Process work?
Depending the on which part you have chosen, We start with a learning module which is delivered online through Skype/Zoom/TeamViewer. You would need to have access to Internet during the Mentoring process also need to have access to specific websites/charting tools e.g. Zerodha Kite or Upstox.
The learning has three aspects,
A - Pre Session Readings & Content - These are a curated set of content which would be shared with you the moment you join the program, you would need 3 to 5 days to go through this content.
B - Foundation - This is the aspect which we would cover all the concepts, over calls, through discussions, you have the freedom to ask and clarify each and every concept till the point you are sure you have learnt it. There would be hundreds of new concepts you will learn over a period of few months, and its humanly impossible to internalize it all, hence the mentor will be available to guide you, all through the learning process.
C - Live Trading Inputs (On Slack/Whatsapp) - Based on feedback from various participants from other workshops we gather that, one of the things which retail traders miss out on, is the shared learning and tacit knowledge sharing which happens in a professional environment, to overcome that, we devote multiple days to live coaching. This addresses the "Holy Grail" of trading education i.e how to think probabilistically as the market structure develops.
As they say, "After the event, even a fool is wise". Same is true for markets, after the market close everyone knows if it was a trending day or a mean reverting day, the skill lies in making probabilistic short-term forecasts during the market hours and taking trades accordingly. That is where "NiftyScalper's Live Trading inputs sets you apart.
Finally : Is this program for me?
This Mentoring Program is designed for people serious about making trading a career, people who trade full time or intend to do so in near future. This program is especially useful for those of you, who would not want to spend hours reading books and blogs and watching videos on YouTube, with no specific direction, instead would prefer a more distilled, one-on-one, self-paced learning experience over a longer time-frame.
More importantly you will get to work with a full-time professional trader, and gain insights on managing larger funds.
I must clarify that the Scalping methods discussed here can be implemented or practiced only if you are available at least till 11:30 Hrs IST, the Options Writing Strategies do not need any screen time on a daily basis. The duration of mentoring can go upto 6 months, and hence would expect that kind of commitment, and may require certain investments in your personal trading infrastructure.
To know more about the program and the fees, put in your email address below and we will reach out to you within 24 hours.
* If English is not your preferred language of communication, the course can be offered in Hindi as well, feel free to let us know.
* If you are a novice and want to start scalping and options writing from scratch we may have some options for you – please contact me directly at Sandeep Rao
