TLDR;
This video discusses the importance of timing the market for successful trading, emphasizing that it is possible with the right strategies and mindset. Ashish Kyal shares his personal journey and the core components of his "Brahmastra" mentorship program, which focuses on price action, risk management, trading psychology, and time cycles. The program aims to provide traders with the tools and techniques to make informed decisions, manage risk effectively, and ultimately achieve consistent profitability.
- Timing the market is key to successful trading.
- The "Brahmastra" mentorship program covers price action, risk management, trading psychology, and time cycles.
- The program aims to provide traders with the tools and techniques to make informed decisions and manage risk effectively.
Introduction: Why Market Timing Matters [1:41]
Ashish Kyal introduces the concept of timing the market, contrasting it with the common advice against it. He asserts that timing the market is possible and crucial for successful trading. He emphasizes the importance of understanding the market context to make informed trading decisions.
Understanding Market Context and Avoiding Event-Based Betting [2:52]
To become a successful trader, understanding the market's context is essential. This involves recognizing the overall weekly and daily trends to align intraday trades accordingly. Kyal advises against betting on events like wars or policy changes, as market reactions can be unpredictable. He introduces a mantra: "Price is God, Time is Power, and Trader should be disciplined," highlighting the significance of price action and timing.
Price Action vs. Indicators [4:45]
Price action is paramount, and traders should focus on it rather than relying heavily on indicators. Price action methods, such as Elliott Wave and Neo Wave, provide insights into market accumulation and distribution. While indicators can be useful, understanding price action is fundamental. Kyal points out that many traders face issues like breakouts failing immediately after they enter the market, which is due to not timing the market correctly.
The Importance of Time and Process in Trading [6:56]
Timing the market, combined with favorable price action, increases the chances of successful trades. Kyal introduces the concept of "Time Riders" for those who trade with an understanding of time cycles. A well-defined process is crucial, including the method of trade execution (e.g., Elliott Wave), stop-loss placement, and risk management.
Stop Loss Placement Based on Market Volatility [8:18]
Proper stop-loss placement is vital and should be based on market volatility rather than arbitrary levels. If the market is highly volatile, wider stop losses are necessary to avoid premature triggering. Volatility-based indicators like Super Trend or ATR can help determine appropriate stop-loss levels.
Options Trading and the Significance of Timing [10:35]
Options trading requires precise timing. Whether buying or selling options, understanding when to enter the market is critical. Kyal combines time cycle concepts with options trading strategies, using Elliott Wave and other price action methods to assess trend maturity. He also addresses the common misconception that options selling requires significant capital, explaining how margin-efficient strategies can be employed.
Options Trading: Minimizing Risk and Maximizing Efficiency [12:50]
Options trading involves risks that can be minimized by understanding how to reduce margin requirements and trade systematically. Combining options with Elliott Wave and Neo Wave, along with time cycles, forms the core of the Brahmastra approach.
The Importance of a Trading Journal [14:22]
Maintaining a trading journal is essential for documenting and analyzing trades. Kyal emphasizes the "Life Transformation Journal" used in his Brahmastra mentorship, which helps traders record their rationale for each trade and identify repeatable processes.
Ashish Kyal's Trading Journey and Philosophy [15:16]
Kyal shares his personal journey, including losing his job in 2007 and transitioning to full-time trading. He emphasizes that trading is not rocket science but requires a balanced approach: 30% method, 30% risk and money management, 35% trading psychology, and 5% luck. He highlights the importance of managing losses and understanding one's trading psychology.
Combining Neo Wave with Time Cycles [18:20]
Kyal discusses his evolution in trading, including practicing Neo Wave and incorporating time cycles developed by J.M. Hurst. Combining these approaches, along with systematic risk management, improved his trading results. He also addresses the challenges of trading options in sideways markets and the importance of selecting the right strike price and momentum.
Brahmastra Mentorship Program Overview [21:57]
The Brahmastra mentorship program is designed to provide traders with the tools and techniques to overcome weaknesses and build on strengths. It covers price action, volatility-based stop-loss methods, risk management, options trading, Elliott Wave theory, and time cycles. The program includes live sessions, community support, and access to research.
Options Trading Strategies and Big Player Activities [25:18]
The program includes detailed learning on options, focusing on how options work and which indicators to apply. It also covers how big players operate in the market, including order slicing and volume analysis. The probability of making money is higher for option sellers, and understanding their activities is crucial.
Wave Theory and Time Cycles [29:20]
The program progresses from price action and trading psychology to wave theory and time cycles. Participants gain access to recordings, the Elliott Brahmastra research community, and ongoing Q&A sessions. The goal is to provide a lifetime of learning and support.
Call to Action and Program Details [31:41]
Kyal encourages viewers to take the step forward and join the Brahmastra program, emphasizing that it is a science of probability, not certainty. He shares a link for registration and highlights limited seat availability. He also mentions the option to pay a token to block a seat and the availability of EMI options.
Bonuses and Program Inclusions [33:12]
Those who register for the Brahmastra program receive several bonuses, including three months of Nifty research reports, access to the AK indicator, and live trading sessions. The program fee is ₹1,20,000 plus 18% GST. Participants also gain access to options mantra videos, time cycle videos, bonus videos, and a master of technical analysis course.
Trading Psychology and Habit Change [35:29]
The program addresses the importance of discipline and habit change in trading. The Life Transformation Journal helps traders develop new habits over three months. Participants also gain access to a premium traders' community and ongoing support.
Existing Methods and Time Integration [36:19]
The program encourages participants to continue using their existing trading methods while integrating time cycles for improved timing. Kyal emphasizes that the Brahmastra program is a life transformation journey.
Success Stories and Program Components [48:36]
Kyal reiterates the key components of the Brahmastra program, including live training, access to various modules, mentorship sessions, and community support. He shares testimonials from past participants who have experienced significant improvements in their trading confidence and results.
Disclaimer and Contact Information [49:37]
Kyal provides a disclaimer that he is a SEBI registered research analyst and that the program is for learning purposes only. He shares a contact number for inquiries and encourages viewers to take action and join the program.
Final Thoughts and Encouragement [50:19]
Kyal shares his trading journey and encourages viewers to become full-time traders by taking the necessary steps. He emphasizes the importance of versatility and adapting to different market conditions. He concludes by thanking viewers and encouraging them to become wonderful traders.
