How I Stay Profitable Trading With ONLY INDICATORS!

In this podcast, Dharanidharan Ganesan, aka DD Nifty, an engineer-turned-full-time trader with 9+ years of experience, explains how he uses a rule-based, indicator-driven approach for option buying.

He starts by explaining why he believes indicators can work when they are used together for specific purposes instead of relying on a single indicator. He also discusses some of the common mistakes option traders make, including trading against the trend, entering without momentum, ignoring market structure, taking delayed trades and not managing stop-losses properly.

DD then breaks down his trading system using live examples. He explains how he uses Supertrend to identify the trend, RSI to identify momentum, Pivot Points to understand market structure and Bollinger Bands to identify stronger entry candles. He also explains how these indicators work together and why he considers this a base system rather than a complete trading strategy.

The discussion then moves to exits and stop-losses, including how the Supertrend is used as an initial stop-loss and trailing mechanism. He also explains the timeframes where the system can be used and shows how the setup performs when each condition is added during backtesting.

DD also shares his approach to option strike selection and explains why he focuses on a specific premium rather than simply choosing ATM, ITM or OTM options. He then walks through his P&L, discusses position sizing and explains why a strategy does not necessarily need an 80-90% win rate to be profitable if the risk-reward is managed properly.

Towards the end, DD talks about his journey as a trader, from starting with price action and supply-demand to moving towards systematic and algo-based trading. He also shares how he developed his current trading style and why he prefers rule-based systems that can be followed consistently.

This podcast is for educational purposes only and should not be considered investment or trading advice. Options trading involves significant risk. Please do your own research and understand the risks before trading.

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The trade ideas, analyses, and strategies shared on this platform are for educational purposes only. They should not be interpreted as financial advice. Any decision to act on the content provided is made at your own risk.

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