Transcription
You can make a lot of money.
The strategy is easier. It's based on maths. So, if you can do basic maths, you can do it. If the market stays flat, I make profit. If the market goes up, I make profit. If the market comes down a little bit, I make profit. My goal was to double the account in one year, but I ended up doubling it in just a few months.
In a delta neutral strategy, instead of predicting the market direction, we take both sides of the trade. So, even if I start from $100, the price goes to 95. Even though technically the stock is down, but I'm still winning. As the time passes, you see this gap grows because your near-term option is growing at a faster rate. As this gap grows, this is our profit. But this is where our edge comes from based on the back test for several last years. I know what the win rate is going to be, what the expectancy is going to be, and I can just execute that strategy every week.
So you you are the casino.
You can say that. Welcome to Undiscovered Traders. Today we welcome Ravish from Greater New York. Currently completing his 1 million challenge, trading two very unique strategies we've actually never had covered before on the podcast. Joined Kinfo last year already setting up $327,000 in broker fire profits. And this is kind of the crazy part. He's done it without ever looking at a chart and executing roughly two hours a day. So, this is a potential strategy for part-time traders. And today, we're going to look at his delta neutral strategy and his time spread strategy. He's got a full deck, full strategy, all prepared to walk you through, walk this through for you guys full value. But first, uh, how are you, Ravish?
I'm good. Very well. Thank you for having me. you've made I mean we've got like 300,000 plus verified. I think it's a bit more than that but you've made $300,000 without uh looking at charts. Can you just what do you look at if you're not looking at charts?
So I make my trades using option Greeks. I am an option seller. So the strategies that I practice are actually systematic strategies. They are based on option Greeks and options data and everything is priced into those premiums and we can use that to make these trades without having to worry about what's going on in the chart.
Nice. And I just want for for the people watching comment below like what your experience level is with options. I'm just curious uh if people how how experienced they are in it because I think options is starting to boom now. But what would you say is the kind of the advantages to the strategies that you're about to kind of walk people through and teach people today?
So most people when they start with options they start by buying options, they buy call and puts and when you do that you are fighting against the time because there is something called theta premium and your option decays very rapidly and if the price does not moves fast enough then your options go to zero. So statistically 80% of the options go to zero and that's why most option buyers lose money. So that means people who are on the selling side of the options they can win most of the time because they are the one selling these options.
You were telling me a couple of things just before um before we went on the air and it was kind of you you said that your strategy was too easy. Was it or was it was hard it was hard to go wrong. Tell me a bit about that.
So it's it's too easy for me now because I've been doing it for many years. Uh but for someone who is new, it's initially going to be definitely there is going to be a learning curve, but it's well worth it.
It's very easy to make mistakes, but for with your strategy, you were saying there's more of a a margin for error. Can you tell me a bit about that?
Yeah. So most traders what they do is they try to predict the price. They look at the charts. They look at the patterns and they try to predict where the market is going today. Where is it going next week and uh based on the chart pattern statistically there is no real proven edge in it. Some people have developed their system with a lot of experience and instinct. But if we we are clearly looking at technical there is no like clear technical pattern which we can say that you just follow this pattern mechanically and it's going to work. But when we come to the option selling side there is a risk premium baked into the options. So when you are selling options you have an edge and I don't have to be precise on my timing or my entry. I can have a lot of room forever. the market can go up, down, or in circles, and I can still make profit in any market condition.
So, last year, I started a brand new account. Now, in the past, I've made millions in profits. But last year, I was like, if I were to start a new account with $100,000, can I make 10K a month with it? Which is like a goal for a lot of people. So, turned out that was too easy. Right off the bat, in the first months, I started to make 15 $20,000 with it. My goal was to double the account in one year, but I ended up doubling it in just a few months. So I was like, this is too easy. I need to level it up. So then now my new benchmark is how do how fast can I grow this to a million dollars. There's no fixed timeline for it. But we are now 14 months in and the account is already at $450,000 now. So many people are getting 10% interest a year. I mean, how many hedge funds are out there and people are putting all of the savings 100 200,000 of the savings in the lucky if they get 10% in the year if it's a good year es especially in the United States it's it's been uh a little the the the spy and the Q's have been returning less than than the markets in Europe uh these days.
Yeah, absolutely for most people 10% a year is the SNV benchmark and here I'm able to compound this account in 10 to 15% a month. Now when people think of compounding, people think of compounding on an annual basis. But compounding is actually based on intervals. It can be a monthly thing, it can be quarterly thing. The faster you can compound, the shorter intervals you have, the more profit you can make with it.
So I've got two questions really for you. I mean, first of all, I think it's it's an incredible return on investment to have a system that returns 10% a month kind of systematically rather than discretionary day traders who are making 25% or 30% over a couple of months and then they've lost 100% when they blow up on shortening the crazy meme stock or something like that. I think I I'm really looking forward to getting into your strategy. But I mean, first of all, um do you need a lot of money to do this for the people learning? Can you start small?
Yeah, absolutely. You can start with as little as you want. In fact, if you're new, I would recommend you to start with as little as possible because no matter what strategy you try, there is going to be learning curve. Initially, you can lose money. So, the goal should be to lose as little as possible while you're learning so that you don't get uh you don't get hurt by the market. The the mistake some people do is they start with two large positions. They have a couple of bad losses and it sets you back and de and it demotivates you from even trying something new because you might be close to getting a positive expectancy. You might be close to getting that edge but now you have had a setback you are going to stop uh trying it.
How easy is this to for people to learn and replicate? Because I think for some newer traders these are some scary sounding words. Delta delta neutral tame t time spread strategy.
So uh most people the thing is that most people are not aware that something like this exists but once you understand the basics at some point it will become a second nature because yeah if you are brand new to trading there is a learning curve but this is way easier than charting and technical analysis and doing all those patterns and indicators.
I love that. So it's easier. It's it's the strategy is easier. It's just less conventional.
It's based on maths. So if you can do basic maths, you can do it.
And and just just lastly, um first, you have a YouTube channel, right? So if people want to watch this and learn more about it, you've got a ton more videos.
Yeah, I teach almost all of my strategies in depth on my YouTube channel. So if you like any of these strategies, you can go to my channel and watch full videos on them. uh where you can learn them how to get started with it.
Nice. And the the link in is in the description below. And just before uh you go through your strategy, two strategies actually, two option strategies before you go into that, just quickly, I know I know we've we've only got 300,000 verified for you on Kimo because because you've just uploaded the broker last year. Um so what's how long you've been trading for? What's your total profits?
So I've been trading for almost 10 years now. Initially when I started it was uh it was actually a stroke of luck. I went to the Robin Hood app to buy stocks. My goal was I will buy fang apps uh fang stocks. And when I clicked on the trade button it showed another button called trade options. So initially I thought it will give me some options some advanced options to submit my order. And then I clicked on it and learned about calls and puts. It was something brand new to me and I was like this sounds fascinating. I can control with 100 shares of a company like Meta for just a few hundred. So I was like okay let me try it. And I put in $500 in my first trade. Next day turned into $2500.
And then another trade next day. Next day overnight trade made another 1,500. So in my first week I made like $5,000 without even knowing what I was doing. And I started my account with just $2,000. So I was like this is amazing. I'm now going to do this. and retire from everything else. I was working in tech back then. So I was like this is too easy. I should do this all the time. But uh but that beginner's luck didn't last very long and then I losing money as most traders do. And uh I spent several years trying to chase that rabbit hole doing technical analysis on charts, buying options, losing money. Uh it was an expensive lesson but I think every trader needs a journey like that to get to a point where you find something that works for you. And then I learned about option selling and uh I was like this I like this because I don't have to do charts. I don't have to be good at technical analysis. I can just do simple maths and bet on probabilities and have the house advantage because when you are buying options you are like a gambler trying to time the market or play your luck but when you're selling you are the house you have the house advantage. So you you are the casino. You can say that you you are the casino. It's like it's like Ravish Palace, North Caesar's Palace um in Las Vegas. But I'm curious to get into it. Do you want to open up the uh do you want to open up the deck and and let's see let's see this strategy?
Okay. So, a little bit about me. I've been trading options for more than 10 years now. I had a career in tech. I retired from my career a couple of years ago when I hit a point where my options income was more than my full-time job. So, at that point, it made sense to go all in on it because I thought that I could be I should be able to do much better. And uh like I said I started out with a beginner's luck but then there were several years of period where I it was hit and trial losing money learning the different thing I had a big setback during COVID period by that time I was like okay I need to do something better here because uh most of because buying options I'm losing most of the time. So I learned that there is a selling side of options also who are making profit off me. So I decide to learn that side. I started selling options. Initially when most people start with selling options, they start with simple strategies like selling cash secured puts, selling covered calls which can work well. A lot of people make 20 to 40% annual return with those kind of strategies and they have been battle tested for many years and they work well and they have a lot of margin of error. Um, but then I was like okay, how do I do something better? Because at that point my account was relatively small. I was trading with about 20 $30,000. So even if I made 10 20% in a year, it was not really worth at the time. So I was like, I need to do something exponential here. Um and then I started to contribute more to my account. I was growing my account consistently. I started to use some more leverage and I was doing really well until 2022. In 2021, I had a blockbuster year. And in 2022, I realized that was a bull market genius that when everything is going up, it's easy to make money. When everything goes down, you get crushed hard. And uh at that point, I decided that I will focus on something called a delta neutral strategy. In a delta neutral strategy, instead of predicting the market direction, we take both sides of the trade. And if the market trades in that range, you make profit. And the best thing about that is that delta neutral strategies are even more profitable in a down year like 2022.
Nice. Interest. So, so delta neutral is lit. Is it kind of like you want the stock to stay where it is or like is it like a butterfly pattern or something like that?
Yeah, there are a lot of different patterns. Uh delta neutral is one umbrella term for several different option structures. Simplest one is triangle and iron condor. We can dive into some examples on how they work. Uh once you understand it's fairly easy to do. But can I just understand by delta neutral what you want the stock to do when you when you place an options trade what you want the stock to do?
We want the stock to trade in a range. So for example,
just in a range.
Okay. So let's say we have a stock that's trading at $100. We start here and then we sell a put at $90 and we sell call at $110. So we have 10% up and down range. As long as we stay in this range, the market can go up, down or in circles. As long as it stays in the range, we get premium from both sides and we keep that premium.
We sell call to someone, we sell puts to someone
and we if we stay in the middle, we win. So even if I start from $100, the price goes to 95. Even though technically the stock is down, but I'm still winning because it is still above my 90 strike.
Yeah. Yeah, it makes full sense. I'm not going to ask any more questions. I'm because I think you I I'll ask you questions later in the presentation. So, I'll let you go back and then we'll continue.
So, I've been trading delta neutral for several years now and at this point I've become like a very good expert in it. And my strategies are very systematic. They are based on back testing and uh a lot of these strategies are mechanical and even automated. So the way it works is let's say I find a strategy where I open a trade at a fixed day at a fixed time with a fixed structure and based on the back test for several last years I know what the win rate is going to be what the expectancy is going to be and I can just execute that strategy every week. So, using strategies like these, uh, my goal was to make $10,000 a month on a new account with $100,000. And now this account is up to 456K including unrealized gain. My initial goal was to just make 10,000 a month. The most fascinating part is that now this account that I just started with 100,000 last year, it is making more than 50,000 in a month. If you see on Kinfo, my last one month realized gain is $97,000 and this month currently month to date is $70,000. So it is just like uh crazy to me that you can make this kind of return with just just starting with 100,000. Now if you have smaller account you can start with 10,000 also. But it will need time and experience to get to a level where you are able to produce returns which are phenomenal.
Yeah, it's it it sounds quite interesting because it's not re I mean is there a lot of creative creative thinking in the back test and finding formulas or is it just very process process driven and repeating repeating what the data says.
is based on data. So a lot of the data is actually based on the option Greeks. So once you understand the option Greeks, initially it might sound a little bit complex, but if you just spend some time to understand it, it will unlock a whole new world for you, which I I'm sure it's going to be life-changing for most people.
Yeah. And and the Greeks uh the Greeks on some some color, no, I was going to say the Greeks on some coliseum in Rome, Rome, but it's I think that's that's a different country. But the Greeks aren't too The Greeks aren't too confusing really. What what what are the Greeks for the people that don't don't know it's it's alpha delta gamma theta and.
implied volunt let's focused on the two simplest Greeks for now.
which most people can easily understand and 80% of the time you just rely on these two Greeks one is delta a delta basically means a multiplier right so if I have a if I have a stock that's trading at $100 and I buy a call option which is currently at 20 delta. That means it will have a 20x multiplier for every $1 the stock is going to move my option is going to go up by $100 by $20.
Yeah.
So that means if I buy this call option for let's say I pay $200 for it and I buy that call option the stock goes up by 5%. So stock goes up by $5. That means my option can gain five about five into 20 is $100 in premium.
Yeah.
So an option that I bought for $200 can make 50% return if the stock goes up 5%.
Yeah, makes sense. And now another way that this option represent is that if you as an option buyer you are buying a 20 del 20 delta call the chances of you making profit in it is only 20%.
Ah.
and if I'm selling an option and I'm selling that 20 delta option to you the chances of for me to make profit in that is about 80%.
Uh is that is that true? when when you read a delta is you read the delta as 0.2 two on the screen, don't you? Like that's that's normally how it shows up. And that's literally means 20% chance of this working, does it?
The the Greeks the the machine is is is suggesting that.
Yes. So that means it has 20% chance of expiring in the money. That means it will make some profit uh in about 20% of the times. So as an option seller, if you are selling 20 delta calls or 20 delta puts, you are going to make profit most of the time.
Yeah. Interesting. And obviously that delta changes by which how far out away from the the money the the puts are or the call that you're buying the world.
It can be it can be it starts from like at the money is $50. The further out of the money you go, the lower delta it's going to be. There are some option sellers who even sell like five delta option. They will have 95% win rate. But but there is also another side to it. In one of case where the market has like a parabolic run, they can also lose more than what they are making in in a single loss. So their losses are going to be bigger but they will have a higher win rate. So you have to optimize for the balance where I have high win rate with an even riskreward. So, I personally like trades where I can have 70 to 80% win rate with an even riskreward. If I'm winning, I'm making $100. If I'm losing, I'm losing $100. That means as long as I win more than 50% of the times, I can be profitable. So, in actual terms, my win rate is like 70 to 80%, varies month on month. Last two months has been close to 100%. And you can trade it in many different ways. There are a lot of you can put together two to four options in a spread and come up with a lot of different strategies where you can construct a very sophisticated trade which can give you a lot of edge.
Yeah. Do you know what? Do you know what I think is uh is cool from what I'm understanding of your strategy is most people cuz I I've traded with a lot of small cap micro cap equities traders and um the main thing about the complaint about is markets are quiet it's dead ah summertime July August but your strategy probably loves summertime because you you you want nothing to happen the less that happens the better is it not?
Yeah, absolutely. We actually love the choppy market. Now, most traders complain about losing money in the choppy market. Especially if you're buying option and the market is choppy, your option goes to zero. That's what option sellers love. We like to sell options in that choppy market. Now, most of the time market is choppy. So, we sell options in that choppy market and make premium from both sides and uh your options expire worthless. We make money.
Yes. So you you don't you don't love the uh the AI boom and revolution and SanDisk and Nvidia. You're you're loving the the boring uh supermarkets or consumer staples. Is it that kind of more bor more boring industries like Walmart?
So I invest into u I invest into all types of companies. I'm a very bull I'm very bullish on AI and tech and I have lot of investments in all the big tech companies, AI companies, semiconductor companies. Uh when it comes to selling options, I am agnostic to the stock. The fundamentals of the stock does not matters to me. The uh the techni I don't do a lot of technical analysis. I look at stocks which have like a predictable range and I trade options in those range. Now there are some uh some periods where you can expect higher volatility and in those periods I would just step out of the market.
It's like selling insurance. So let's say um you want to as a if you're selling insurance you want to sell insurance where you have low risk. If you know that there is a flood warning warning, are you going to sell insurance in a flood warning? I'm not going to I'm going to step out of the way even if it means that I do not make any trade for a month. I'm going to be okay with that because it is better to not trade and not lose money than going in the market and risking taking unwanted risk and losing money. So you have to pay some attention to the macro cycle. What's going on in the market? Is there any war going on? Is there any FOMC coming? So just tap out of those events and most of the time it works well. Another great thing now this is a screenshot from my broker. The best part about this strategy is that if you see it is up like 300% in uh since I started but there is very little draw down. It is pretty much going straight up. Then there are periods of flat months where like I said I stopped trading in some months. You see like this flat period like this was Iran war situation I was flat because why take unwanted risk uh so my draw down is in singledigit percent typically traders who make this kind of returns will have very high draw down they will have 50 60% draw down at times here I have almost no draw down so it's very low stress strategy for me and even this this during this period there were multiple draw downs in S&P ranging from 15 to 20%. We went through the tariff situation. We went through the Iran war. S&P had multiple big draw downs. My account had almost no draw down.
Yeah, I think I can't stress that enough. It's it's we literally saw like two 10 to 20% drops in in the cues and the spies for the tariffs and the warning. Yeah, it's incredible that you've.
Right now now a lot of people will say that oh if you are making 300% 200% return in a year you are beating all the hedge funds uh you can be a trillionaire in few years if you are compounding at 200% you can be a trillionaire in few years.
True.
But that's not possible because of liquidity in a lot of these trades there is not enough liquidity that I cannot go out and put a billion dollar trade in in a strategy like this. So I can trade a few million dollars with a strategy like this, but I do not I cannot trade billions of dollars in a strategy like this and still generate same kind of returns because then you become the biggest position in the market and market makers will hunt you down. And so there is liquidity concern where which is why you cannot scale it infinitely. But I'm happy to make a few million dollars. I'm not even thinking of that level. Uh and the other thing is the mindset and psychology. As my account size sizes are growing, I do not feel comfortable risking large amounts of money because capital preservation is the priority for me. Now, when you're starting with let's say $10,000, your goal is to get to $100,000. When you have made millions of dollars, you want to protect those. So instead of which is why I was like okay I will start a new account with 100k because I can afford to lose 100k it if it goes to zero it's not going to affect me but using that risk capital I have swing I can take a shot at making it 10x.
Yeah, fair makes sense and and it's it's great it's great learnings and examples for newer traders who need to amplify their accounts and turn 1000 into.
Happy. Yeah, so anyone who wants to do trading What I would recommend is like allocate a certain risk capital which you are okay if it if you lose it that's way that way you can protect your bigger capital but and risk small amount to get to a point where you can be consistently profitable. So uh let's get into the strategy. So my first strategy is called delta neutral strategy. Now this is an umbrella term for a lot of other strategies strategies like strangle and iron condor. Uh the main the way this strategy works is uh let's say you are an option buyer. You think the stock is going to go up you buy a call. If you think the stock is going to go down you buy a put. What I think is I don't care where the stock is going. I am going to look at the data. Let's say a stock is trading at $100 and my data says that in a given time period, let's say the time period is 1 month. I think that the stock is going to trade between 10% up or down range. Based on the data, I can tell that uh in a month the trading range for this stock is about less than 10%, maybe it's 5 to 7%. So I'm going to add some buffer to it and I'm going to sell a put which is 10% down from the current price and I'm going to sell a call which is 10% above the current price and I'm going to collect premium from both side. So the put buyer is going to pay me credit the call buyer is going to pay me as long as the stock trades in this in this range both of these expire worthless and I get to keep that profit.
So can I ask what happens if it's very rare to happen but what happens if um I don't know it's British British Airways it's a safe or American airlines something like that it's a safe type of play that you play and one of the planes crashes or they found out that every single broke and it's a complete crisis and and the stock goes from 100 to three overnight. Is will that be a big loss?
So there are two ways to do this. One is defined risk and one is undefined risk. So let me show you with an example. So I use this tool called option str to model my trades. Uh so the simplest strategy is called strangle. So let's say I want to make a trade on meta. Meta has been throughout the earnings. after earnings there is a period of choppy period when the market tries to discover what what's next. So I think I think that next one month can be like a calm period for meta. The stock is trading at 605. I can go sell a put at 5005 strike and I will get $380 $380 credit from it and I can sell a call at 650 strike and I will get $738 credit. So total I'm getting like close to $1,120. And now this gives me a range where the stock can go up or down in between this range, right? So the price starts here or the next one month the stock can go up or down like this. As long as it stays in this range, I get to keep this profit.
And getting into the trade,
you will know exactly what your chance of profit is. So before I open the trade, it shows that I have 75% chance of winning this trade and when I lose, I can use a stop-loss. If the price goes out of this range, I can exit.
Ah okay. So see so.
most of the times I'm winning and winning and if it starts to go out of this range at that point I can exit. My loss is going to be maybe a few hundred. But there is another way to do this. Now this kind of strategy you can say you can see here it says max loss infinite if let's say there is a big news overnight meta stock goes up or down 20%. At that point I can lose more than this $1,100.
Okay.
So in that case what I like to do is instead this is called selling naked strangle. So I typically don't sell naked strangle like this because it has infinite risk. So I like to hedge it by buying outside wings. So let's say if I'm selling 550 put, I can buy another put which can be 10 points out.
Yeah.
And I can buy a call which can also be 10 to 20 points out. Now in this trade, my credit goes from receiving about $1,100, it goes to $269. But now my max loss is capped at $731. Now, no matter what happens, I'm not going to lose more than $731.
Is it not just better to have the the stop in? Cuz with with options, it's can be tricky and they say don't use stops because you can get tug out too easy. Is it is that the reason why or cuz you don't you pay an extra premium unnecessarily?
No.
Yeah. So, but if you are selling a strangle, it is not recommended for most people because uh you can have like a big black swan risk.
What if there is like a recession or black swan risk overnight and market drops 10%. But if there is something like co.
So you don't want to get wiped out on on those days.
Yeah. Cuz I was thinking the options don't trade after hours so you'll be okay. But that doesn't mean the world stops. anything happens overnight and the stock's going to open up 20 30% down. So, you can completely protect yourself. This is what I love about options. You know your exact risk, your exact reward, and the exact probability of the occurrence. And you must go you must go to bed sleeping like a baby. You must sleep very well at night because everything's already worked out.
Yeah, absolutely. because I know that my probabilities are going to work out and plus I I spend some additional time in back testing to find these opportunities. Now for example let's say you opened a trade like this uh last week last week when meta was at 7008 at that point the same option spread was trading for 332 and now the price is doing thing it's going up and down but you see the above line is the trade the bottom line is the stock price going up and down this line is the trade price there is some volatility but you see that it's mostly going up to the right.
and uh as long as the price stays in this range change the premium is going to decay and we make profit. And you can do these trades for any duration. You can do it for um one day duration, you can do it for zero DDT, you can do weekly, you can do monthly. In fact, I also do some zerod trades where I have asymmetric riskreward. I can even structure these trades that I want to risk $1,000, but I want my reward to be $2,000. All you have to do is play around with the strikes and probability and whatever you are comfortable with, you can go with that kind of setup.
And this is delta neutral because you're neutralizing the delta basically with the both sides both sides the colon option.
Yeah. And then there is another if you now some people are like I I want a better riskreward. So either you can have a high win rate or you can have a high better riskreward. I like a balance where uh like in a trade like this typically when I start to lose there are also some adjustment strategies that I can use where in most cases my max loss is not going to be like this. So in a winning trade let's say I win $250 in a losing trade maybe I lose $300 but I'm winning 70 to 80%. But if you want to structure it in another way there is another strategy called ironfly. Let's try this on something like Nvidia. Another great way to sell is like Nvidia's earnings is tonight, right? People don't know if the stock is going up. Some people are saying it's going to go up. Some people say it's going to do go down. I don't even care. I'm going to do this strategy with which uh on a back test. It has more than 100% win rate over the last two years. And I'm going to do this tonight. What I'm going to do is I'm going to sell a call and put at 225 strike which is the current price and I'm going to buy 20 point outside wing as a hedge. Right? So I'm going to sell 225 sell 225 buy 205 put and 245 put for protection. This strategy is called ironfly. Now it has 51% chance of profit. And here the max loss is $8.94 and the credit you are receiving is $1,100. So now if you tell me if we do a coin flip where you have 51% chance of winning and if you lose, you lose $900. If you win, you win $1,100. Is that a good strategy that you see the edge in the maths? I don't even have to look at the chart to make this trade.
I have a mathematical edge in this trade.
Yeah, it's a it's very different to to to how the majority of retail traders trade. This is not how retail trades. This sounds a bit more like how hedge funds probably trade.
Yeah. Pro. Yeah. A lot of funds trades like this. And and in this case, my strategy is going to be simple. I'm going to open this trade 15 minutes before market close and tomorrow in the morning uh at whatever price the market opens. The first thing I'm going to do is take profits in the first 5 to 10 minutes. I'm going to take profit and I'll be out of this trade. May I may not make the full $1,100 profit. Maybe my profit in the morning is going to be somewhere close to $400 $500 depending on where the price opens. So whatever the profit is, I'm going to take it in the first 5 minutes. If I make 50% return in an overnight trade with just 5 minutes of work, I'm thrilled with that.
Yeah. And so what you need what you where do you need Nvidia to sit for this to for this to work?
So for this to make profit, Nvidia needs to be in this range. So between 214 to 236. uh it just needs to sit within that five 5% range tomorrow morning by the by 9:30.
Yes. So the market uh makers are expecting a 5% movement but historically Nvidia moves less than 5% after earnings. So over the last year I've been trading this kind of strategy for every every earnings have I have 100% win rate on this.
How did you get into the back testing element? other researchers like Python or AI.
So I actually I actually vibe coded my own back testing engine.
uh using options data. Uh let me show it to you. So this is my back test for Nvidia uh over the last one year. I tested a lot of different strategies. If I were to do an iron, so I tested multiple strategies, iron fly and iron condor, targeting different strike prices, different wings and almost all the combination won four out of four times over the last one year and they each have their average profit. They each have their uh return. So like for example, if I were to sell an iron fly with 10 point W uh width wings, it makes 43% return on average in just an overnight trade. If I go with 20 point wide, it makes 28% return. And if you traded this every time for the last one year with just one contract, total profit would be $1,100. And in this back test, I'm just opening a trade 15 minutes before market open, taking profit in the first 10 minutes at market open. Uh it's it's very kind of you to to go into this detail and and reveal this kind of uh work that that you're doing. It's very nice of you and it just shows you like with especially with artificial intelligence these days, you don't need to be able to code. You can you can use platforms and programs to build your own system. It just I mean I don't know if you agree Ravish I do the same thing as you but it just takes a curious mind. It just takes a little bit of curiosity and and answering some questions to to start getting to this point.
No. Yeah. Absolutely. There are also you have to basically uh once you understand the Greeks it like I said it is going to open a whole new world because then you start to think about things like hey I can do this. Like when I first learned about data neutral, delta neutral, I was obsessed. I was like, how is that even possible that you can make profit without predicting a direction? My mind was blown.
But.
and now with AI, now with AI, earlier I so I have a technical background. I used to code do analyze data manually. Now I just you now I can just wipe code this thing. I did this in few minutes without having to uh code my thing and I can tell AI hey use this API get this data and back test these 10 different strategies and it tested like these seven strategies and all of them are winning and now I just have to choose okay which one do I want to go with. I mean, it's just insane how much AI is enabling average people to to have exponential growth there. And but the thing is though, like you've got to be racing with this AI technology because everyone's going to be doing it. So, you've got to be the the one best at it.
Yeah. I mean, with AI, um, a lot of people do is go to AI and tell tell it basically, hey, bear AI, make me a million dollar strategy. Make no mistake.
And that's not how it works. You basically have to give it your core idea and then it can improvise on it and then it can test the data for you to let you know that hey it works. Like for example, there is another strategy which is a simple call buying strategy. Uh I also have a video on my channel about it. That strategy has a more than 90% win rate and on that video you'll see hundreds of comments from people making a lot of money with that strategy. I use AI to test that data. What I did was I downloaded CSV data for um for QQQ stock and I gave it to Chad GPD. I was like analyze this data. I want to know that if I enter this uh enter buy this stock when the market drops 1%. In the next 3 months, what is the average performance? And it gave me data that 90% of the time if you buy when the market drops by 1% in the next 6 months it goes up by 10%. It does not have to stay up there but it goes and touches 10% level in the next 6 months. And then I created a simple call buying strategy where you buy a leap call with one year expiration and 50% profit target that is working like amazing. It's totally crackers. That's totally crazy. I mean the thing is though like it's so obvious. It's so obvious but people aren't doing it. Like it's so obvious and it's so easy but at the thing right so I've got a question for you. Is everyone going to be millionaires in the future because of AI? Like but can any trader become a millionaire through AI in the next 5 years six years? What's your thoughts?
I think anyone can become a millionaire if they are disciplined to learn and practice and manage the risk. Now technically if you look at it there are a lot of people in the market. Some are billionaires. There are I recently went to Burkshshire hatway meeting in Omaha. Like I was dumbfounded that Warren Buff here we talking about millionaires. Warren Buffet has built a trillion dollar employ empire because he just gave it enough time and he was disciplined to keep it going. And there were a lot of billionaires there and all of them are running like multi-billion dollar hedge funds making billions of dollars. The difference between us and them is the skill and discipline. They have more experience, they have more skill, they have more discipline. So if you can practice these three things, there is unlimited money in the market. You can make a lot of money. I think like even when we are thinking about millionaire, we are thinking small, the opportunity is much bigger.
I think I feel inspired. I didn't expect that. I feel inspired by what's possible and it's so it's so true. Yeah, I think going to Maha kind of like changed my perspective over there. I went to a private conference which was invite only. There were a lot of hedge fund managers there like Bill Akman was there, Manish Pabro was there, uh Guy Spear, a lot of big uh hedge fund managers that you hear about like operating at 100 million or multi-billion dollar level. they were in that room where there were like only 100 or so people and uh going there kind of changed my perspective that there are levels to this game right now we are thinking very small but uh I mean it's true these guys like I was reading um I'll let you go back to the the other processes shortly but I was I was reading a book by Ray Dalio I don't if you'll know Ry Dalio is the he's the CE was the CEO he's retired now of bridge bridgewater.
capital, which is one of the top hedge funds. And he's got some books on debt cycles, but he, he's made billions and billions and billions. Had one of the top hedge funds in the world at one point. And what's one of the first lines in the book that he said was, "I'm not, I'm not smart at all. I'm not smart at all. Uh, I've made," he said, "I made a lot of money by knowing what to do, by uh, not by not knowing the majority of things and just being able to work within the constraints of of what I know." And and what he did is a lot, a lot of what you're doing and what I do now as well. Is he says, "My memory is terrible. I forget everything all the time. The multi-billionaire hedge fund guys, their memory is terrible. Can't remember things." So, he just works with a system. And it's that process, the repetition, working with a system, and he's reached multi, multi-billions.
Persist. I think once, once you find, once you find an edge, once you find a system that works for you, then you just need to focus on it and keep it on repeat until it starts, it stops working. Eventually, like, no strategy is going to have an edge forever. Some people do this mistake in backtesting, um, that they do a backtest for 10 years, 20 years. Uh, I think that is not wise because a strategy that worked 20 years ago might not be relevant today. It was a completely different market 20 years ago. Today, we are in a very different market. So you need to have a recency bias. Yes, I would like a strategy which is battle-tested for 10 years or more. But what I want to know is, is it working now? Is it working in the last one or two years? So I will have a recency bias for it. Which is why I'm backtesting this strategy for the last two years because, uh, like five years ago, Nvidia was a different company, right? So you need to have a recency bias. And, uh, you can just then use this data to do it. Now, I know that, okay, I have done this strategy enough of the times for on a lot of different stocks. It's not going to work on every stock, but I know all the stocks on which it is going to work. Now I can do that every quarter. But yeah, but at the same time, it's so important to monitor your data, monitor the, the results, the probabilities to make sure that something, a trend isn't changing. Um, but it's, it's really interesting because the market has, has evolved a lot.
And when you're talking about no point checking back 20 years, most people who invest just do dollar cost average. It's like the strategy that everyone does, the dollar cost average. But I was thinking, I was looking at some charts from the 1930s after the Great Depression. If you dollar cost averaged in the 1930s, you, you would have ended up losing 90% of your money. But then, but then also in the, in the 1930s, the market would go up 20% in a month. It would have a 20% increase in a single month. It was, it was much more volatile. We don't get those moves as much now.
So, we, we just saw a move over the last one month where it was close enough to that. Uh, the Qs, the an index. I mean, the, uh, the market went up like the Qs went up like 15% in, in a month.
Oh, there you go. So maybe, maybe things can crash. Maybe things can crash to 90% on the next crisis. Who knows? But, but, uh, no, you're right. The Qs, the Qs after the, um, after the Iran threat, are you talking about the Iran warn threat? And it dropped. And then with the whole of the AI revolution, the Qs have gone like 18%. That's AI though. It owns half of the NASDAQ, like, doesn't it? It's way, it's half the NASDAQ.
When ChatGPT came, I bought a leveraged ETF, uh, called TECL at $20. It's a 3x leverage technology ETF. At that point, I was like, I do not know which companies are going to be winners, but I think this AI revolution is going to be the biggest revolution in tech we have seen in our lifetime.
Yeah. Yeah. Yeah.
So I was like, okay, I'm going to put money in this leveraged ETF. 100k invested. I'm willing to lose that. Is now close to a million dollars now. That stock that is now at $200.
In just like three, four years. Like that's such an intelligent thing to do.
So if you are, if you, if you put effort in your skill and you have discipline, then, uh, then, and you also need to have risk-taking ability. Now, people say that putting money in S&P is safe. Like I showed you my account, my drawdown is lower than S&P. So if you have lower drawdown than S&P and your returns are like exponentially higher, your risk-adjusted returns are through the roof.
I think what you did with ChatGPT coming out and putting the 100K in the leveraged ETF was an incredibly well-timed, smart move. I mean, because we knew when we saw ChatGPT, it was like nothing we'd ever seen in the world before. We didn't know how, how it would advance or how fast, but we, I, I think when ChatGPT came out, we knew the world had changed forever, and it was a matter of time. So, it's interesting. But do you want to go back to, to the, to the second strategy? I keep throwing you off the PowerPoint, but it's interesting to talk to you.
So, yeah, let's go to the second strategy. So, now you can construct this strategy in a lot of different option structures. And the other strategy that I really like, which I think has a better risk-reward, is I call it the Theta Machine. It's a time spread strategy. In a time spread strategy, what we are going to do is, now think, let me give you an analogy of like an Airbnb business. Think about this. I rent out an apartment. I am paying $5,000 a month rent for it, and then I go list it on Airbnb for $500 a night. Maybe I've, I sell 20 nights in a month. So, and I have some operational cost. So, basically, I'm spending like $7,000 on this apartment all in, and I'm pulling in $10,000, and I make $3,000 profit. I do not own the property. I do not have any significant investment in it. The only thing I have is a lease, right? And I can earn a monthly income from it. We can do the same thing with options. Technically, if you wanted to do that with Airbnb, it's not profitable in today's time. But it is very lucrative and very profitable with options. So what I'm going to do is, uh, so there are a couple of different types of strategies. One is a calendar spread, and one is a diagonal spread. So I really love calendar spreads. This is one of my best performing strategies. So let's say I think S&P right now is trading at $740. I think over the next few weeks, it can go higher. Let's say I think that in the next three weeks, it can go higher. So I'm going to go with, let's do it on Qs. So, okay, let's try it on Qs. So I think in the next three weeks, Qs can go a little higher. I don't know how much higher, but I know maybe it is going to be higher than today. So that means my time period is going to be, I'm going to buy an option for 18th June and sell an option for 12th June. So the way it works is we are going to buy a longer-term option and we are going to sell a shorter-term option against it. The term structure can vary depending on your trade outlook. So the way it works is when you have bought an option, you are paying daily theta on it. Think of it like a daily rent. And when you sell an option, you are earning that daily rent on it. Now, theta is not linear. The way it works is that options which are expiring in the near term are going to have higher theta decay versus options which are expiring in the longer term. So what I'm going to do is I'm going to sell a short-term option, which is represented here in the red line. Yeah.
And then I'm going to buy a long-term option, which is represented in the green line. Now, the theta decay on the short-term option is going to be fast, and the theta decay on the long-term option is going to be slower. So when we start, there is like this gap between the differential between their premiums. As the time passes, you see this gap grows because your near-term option is decaying at a faster rate. As this gap grows, this is our profit. This differential is our profit. This is where our edge comes from. So, as this gap is, you, we go through the time, the gap is growing, the profit goes up. That's how the strategy works. So, and we can model it again using OptionStrat and see how exactly it's going to work. Now, I do not know where the price is going to land, but I can use the Greeks to guide me for it. So what I will go is I will sell my short option at 20 delta. So 20 delta is going to be somewhere around $740. So this is at 23 delta. I'll go with it. So I'm going to sell a 740 call for June 12 expiry. And for the back week, I'm going to buy a 740 call at the same price. Now, the way this it is going to work is I'm going to earn theta premium for it. Plus, I have a direction. This is a bullish trade. In this trade, we want the market to go to 740 strike. Now, this says that there is 23 delta. So that means technically there is a 23% chance of that happening. And, uh, and, uh, the price here, uh, the chance of profit here is 29%. So it is higher than 23 because we are getting theta premium for it. Now, if the price goes up slowly into this, so if the price goes up higher like this, then in this trade, we can make like well over 300% profit. In this trade, our max loss is just $162. So it is a very cheap and low-risk trade to put on, and the upside can be $618. So I can make like more than 300% profit in this kind of trade. But when I get into this trade, I have to wait till here till expiration to hit that bullseye. But I'm not going to be waiting till there because there are chances that the market can go up and then come back down. Right? So, if it goes into 20, 30, 40, 50% profit in a week, I'm going to book my profit and then I'm going to wait for another pullback and make this trade. So, let's say if someone made a trade like this just yesterday. Yesterday, this option spread was trading at $100. Today, it's $164. So it's up 64% in just one day. So with a trade like this, we can have asymmetrical risk-reward, and if you're taking profit early, you can have a higher win rate. And, uh, sometimes if you want to wait for the maximum peak profit, you can also do that. I have had trades where I've made 200%, 300% profit. Or if you want, uh, something with higher probability, you can reduce your strike price to 30 delta. So 730 is going to be about 30 delta. And now we will have higher probability. Risk-reward is slightly worse now. Now, this is, um, $194 max loss. Max profit $600. Still, it can be a multibagger trade. And all I need is the stock to go up a little bit. I can book profit at any point in this zone.
So, just, just make sure I understand this because this is something I've never seen before. So, you're buying the 730 call and then you're also selling the 730 call, but the, the call that you're selling, you're, you're selling earlier on because you want the better theta, right? And the one that you're buying is further out. So, you make money on the theta is, is one thing.
Yes. Um, and then you also want the, the stock to go because when the stock goes towards 11, when the stock goes towards 730, does it, it doesn't really make m, does it matter because one call canceling out the other one? So you're only making the theta, you know.
So in this trade, you can make this trade a bullish trade, a bearish trade, or even a neutral trade. It all depends on where your strike price is. Strike price is basically your price target. If the price goes to your price target, that is where you make maximum profit.
Yeah.
So, you have bullish direction to this trade. Now, if I bring these strikes down, so if I bring these strikes down to $710, now this becomes a delta neutral trade. Now, in this case, I make profit if the stock trades in this range. So now I need the stock to stay flat.
But, but if you buy a call and sell a call at the same price, does that not cancel cancel it all out because you've just done opposite options?
So, like I explained in the previous illustration, there is a difference between deltas and thetas for the option at the same strike. For example, let's go back to the 730 example. So on the option that we are selling, uh, we are getting 32 delta.
Yeah.
So, but we are selling this option. So we are short 32 delta.
Yeah.
And, uh, we are theta positive here. So we are earning $31 theta from this every day.
Yeah.
And the option that we are buying has higher delta, uh, slightly higher. So this is 35 delta. And here we are paying $29 theta. So we can go here, and this tool will show you aggregate graphics, aggregate metrics. My total delta after the full spread is 2.6. My theta is $2. So that means on a trade which is costing me just a little over $100, I'm going to earn $2 a day, which is basically like close to 2% a day.
And as we go closer to the expiration, this is going to increase. Now, 2% a day does not sound like a lot, but if the price works your way, and, uh, you are earning theta, the theta is going to accelerate. So very high probability that I can make somewhere between 30 to 50% profit in the next one to two weeks.
Yeah, that makes, that makes sense. And then you're making money on the delta as well because they've got different deltas based on the time that you put them on. So you're making money on the delta, that, that calculation between the two deltas and the two thetas, you're making the difference as it goes. And the more time you leave it, the better because you're making money on the theta ultimately.
Yeah. Yeah. I actually want the market to move slower. Right. Typically, an option buyer wants the market to move fast for them to make profit. Here, I like it to move slowly. I want it, want a slow grind, and then I can make profit. And if I make faster, if the market moves faster, let's say over the next, Nvidia has blockbuster earnings tomorrow, the stock goes up to like 730 over the next week, I'm still happy with 30 to 40% profit in a week, then I can close this trade and open my next trade.
And if I'm neutral on the market, I can just do it at the current price, and then this becomes a delta neutral trade. And another thing, if I'm bearish on the market, I can do a put calendar here. I can go and sell a 680 put, which is at 21 delta. Now, if the, now, let's say Nvidia has bad earnings tomorrow, market drops, then this trade can, this trade has potential to make 446% profit. So, yeah, it has a low probability, the probability is 35%. But the upside is 500%.
Yeah. So, so when you, on the earlier example, when you're talking about the Qs and you are putting them in the 740s, so you, you win a lot of money if it goes to the end of the theta, or you, if you hold the trade for a longer time, you make more money. If it reaches the 740s, you make more money. What happens if it just doesn't move or it goes the wrong direction? Is that, is that a loss?
So, if it does not moves, so in this case, it all depends on what strike price we choose. If I want to be slightly neutral to bullish, let's say I want a trade which is slightly bullish but gives me some, uh, downside protection. I love downside protection. I like to make profit if the stock moves, uh, up, but if the stock comes down, I would love some downside protection. Then I can make a trade like this. Uh, where, [clears throat] let's say I can make a trade at 715 strike. It is slightly bullish. If the market goes up, I make profit. If the market comes down, then my break-even is 698. Currently, it's trading at 711. So I have about 12 to 13 points downside protection against a drop.
And how do you get that? Is that because you get the theta? Does the theta give you the downside protection?
That's how you. Yes. Now my theta is minimal. Now my delta is minimal, less than one. But my theta is higher.
And I can even do this trade with a shorter duration. Let's say I think I want to make a trade with just one week duration. I can make a trade like this where if the market stays flat, I make profit. If the market goes up, I make profit. If the market comes down a little bit, I make profit as long as it trades in this 7001 to 730 range.
Just to make, make sure I get this. So, a lot of people might say, I think that the QQQ is going to go to 740 and it's currently at 720. They'll put the call option on for 740 and then they'll just panic if it doesn't move towards 740 because every day they're losing money. But the way you do it means that you get the actual theta. That means even if the stock doesn't do anything, I'm making theta right now. So you get paid to wait a bit more.
Exactly. We are getting paid while the price moves our way.
I don't know why more people don't do this.
Because people don't know about it. [laughter]
It's fantastic. I, I absolutely love this. It's, it's because it's, it's not rocket science. I mean, it's just putting one more call on onto the option that you are going to put anyway.
Yeah, I would, I mean, this is why my account has such low drawdown because I use strategies like this. And if there is another, there are levels to it. There is next level is I can buy both call and put calendar and make profit both ways. I don't even have to predict the market direction.
Yeah, you can literally be paid to be wrong. You can, you can be paid to be wrong, or you can be paid when the stock does nothing. You can just sit there and make money.
Yeah, exactly. And in a trade like this, if you are right, you can make a lot of money. If you're wrong, your loss is actually pretty small. You can do these kind of trades with as little as $100 to $200. So even if you have a small account, you should never buy a call. This is the way to go. Yeah, it's crazy. But, uh, and obviously the only way you can lose is if you get it completely wrong, which when you're buying the larger, larger cap stocks on a on a bullish market, it's, if you're buying decent companies in a bullish market, it's not often that you're going to get a, the stock will completely the wrong direction. And if it does, you just, and, and you can, the great thing is you can do this kind of trade for any trade duration. If you think you need three months, you can do a three months long trade. And, and you just use the delta, just sell between, just buy between 20 to 30 delta. There is very high probability that eventually the stock price is going to go and touch it. And, and say, if you buy it a month out, what's your, what's the spread between the options there? If, if you're buying a month out, you'd buy like, uh, is it like, you can tell me, you'd buy say, it's Google, whatever, 400 calls, and you want it to reach 400 in a month. How would position those, the buy and the sell call?
Right. So, if I think I want to buy Google, I can make a trade like this, which is four weeks out. And, uh, I will sell a 400 call for June 18 and buy a 400 call for the back month. And in this case, my max loss is just 175. Max profit can be 575. A huge asymmetric risk-reward. And even if it stays flat, I can still make profit. So, let's zoom in a little bit. So, let's say I make this trade and the stock does not moves at all. It stays flat for the whole month. You can still make close to 50% profit here.
So, just to get this right, you buy, you buy the call, say in June, and then you, you'd sell, you'd sell the call, or it's the other way around. You'd sell the call in June and you'd buy the other one in July. Is it like that, or is it the other way around?
Well, yeah. So we sell a short-term. So let me go back to this graphic again.
Ah, you sell short-term. Selling short-term, and we are buying longer.
And we make profit from the difference.
And is there ever a point where you just let the short-term expire and then just hold the long-term to keep going, or you always close together?
So usually I don't. Usually I close it for profit before expiration. Uh, because in that case, um, uh, because usually when that happens, um, this is, uh, okay, I close it for, because if the short leg expires, then I'm just holding a long call. Then I'm paying theta for it. I don't want to pay theta. So, which is why I will close it before expiration. But sometimes I see my trades which I was happy to take close for 50% or something profit after my short call expired, long call went parabolic and it went up 300%, 400%. So there are scenarios like that, but that's not the game I'm playing. I want consistent returns. I'm compounding week over week. My account is compounding at 10 to 15% a month. And with that kind of return with such low drawdown, in two, three years, it's going to, it can go to eight figures. Even that, I, this is genius for me. It's totally genius. Um, and the best things that are generally like genius strategies are this, so simple, and they're so simple and beautiful to execute, but it's nothing, nothing too complicated, is it? It's not too complicated. I mean, I've understood everything you've said in a 50-minute session.
Yeah, exactly. Because, um, because the way when people try to learn it is they start, they get intimidated by a lot of things because nobody really breaks down in such simple terms. Uh, they talk about Greeks and all those things and charting and technical analysis. It was intimidating to me also initially. But what I figured was that instead of learning everything like a reading a full textbook, focus on a couple of strategies and master them. And after some experiences, everything starts to make sense to you. Then it becomes second nature. Options is all about the probability. The reason why a lot of traders lose, even if you give them a profitable strategy, they don't understand the expected value. They don't understand what the risk is, what the reward is, what's the win rate, how does that affect their overall profit and loss. With options, you get it up front, right? You get up front that this much profit it can make. This is your maximum side potential. This is your chance of profit. It is all baked in the data. And with tools like this, it makes it very easy to understand. So I did not learn options by reading a textbook or by watching a lot of videos. Yeah, I did watch a lot of videos on YouTube on Theta Profits, uh, on Tasty Trade channel, and I learned a lot of strategies from there. But you basically learn by doing. It's math. You do not learn math by theory. You learn it by doing. So you have to put it in practice. I would spend, I used to spend a lot of time, I still do, going into this tool and modeling different trade ideas and see how they work. And there is another great thing in this tool. Once I make this trade, I can just save this trade, and this is like a paper trade now. Now it is going to track it in my account on how this trade works. And you can even go and see its chart and see how it's working. So, let's say you bought this call calendar on Google one week ago when it was trading at a higher price. Even though the stock price has come down, you can see that the options has not lost any value. Stock price came down, but you, you are still flat on your trade. This is why it works so well.
Just to close it out, I guess. Do you have any final thoughts about how someone else can get started? And, and they're not, they don't have to, you've heard of Black-Scholes formula in the, the big, the big Black-Scholes formula in the book. They don't need to read that.
I think that is what makes it intimidating for people because they hear about all these complicated formulas. But with tools like this, you don't have to go deep into it. You can start with just focusing on delta and theta and start to make some paper trades. Basically understand how it works, and you will learn by experience. That's been incredible. I think this has been one of the, the episodes where I've learned the most and, and had my eyes open. So really, really appreciate you delivering all of this, this knowledge and information. It's so valuable. Thank you for giving back and thank you for being transparent. Do you have any final thoughts or anything else you want to close in on?
Um, yeah. I would say, uh, one of the biggest problems that I see with a lot of traders I work with, they learn a new strategy and they are excited. They are thrilled with it, with it. They are very enthusiastic about it, and then they start to make big trades, big trades right off the bat, and they lose money, and they think that the strategy does not work. They hop onto another strategy, do the same thing. Which is why a lot of traders can spend years chasing different strategies and losing money. But what you need to do is trade small and give it time. I don't, if I learn a strategy, I don't mind trading it for three months or even six months with just one contract, risking a couple hundred on every trade, because if it works for me over that period, I will make 20 to 50 trades with that strategy. If I'm winning most of them, that gives me a good understanding of, yes, this is profitable, and then I have the rest of my life to use that strategy, and I can compound, compound it. You don't think of it in a way that I learned this, I need to make all the money today. Start by practicing it. Take it slow. We, people, people spend four years going to college, spend six figures in tuition, and then they do internship, then they work at a job for a few years. It takes them 10 years to build a career where they are at a point where they feel that they have achieved some level of success. But with trading, people think that they should do it in a week. It's, it does not work that way. So you have to develop your skill and be patient. It's not going to take 10 years. Most people, if you have the right direction, you can learn it in three to six months. And I think if you put in that level of effort and discipline, it can be life-changing.
Where can people find you if they've got any questions?
Yeah, you can reach out to me on, I have a YouTube channel called Options with Ravish, and I also have an Instagram, uh, it's called Hey Ravish. Uh, you can search or find the link in the description.
Thank you so much for your time, Ravish. It was absolutely amazing, and, uh, you've delivered tremendous knowledge that I'm sure is going to change a lot of people's lives.
Uh, thank you, Stephen. It was a pleasure speaking with you.