Day Trading Stocks & Futures

[Shiv12345]

I am being told that there can be a 5 over each side final match between India & NZ .... Very funny ... It's like desperately trying our luck by buying Bank Nifty ATM options on a Thursday afternoon post 3:00 PM for some super quick bucks ...

 

[traderniftybull]

The taxation on futures is something often overlooked and it eats in profits in a big way. Not to mention the sl trades look worse. Hence i avoid them unless its a long term holding. I use cash for investing and options for trading.

"The taxation on futures is something often overlooked and it eats in profits in a big way"
Sorry, but didnt get you. Can you elaborate it,
Also comparing with other trading instruments, options and equity.

 

[traderniftybull]

Personally speaking, it took me three years to study the behaviour of options in detail. Now, I feel comfortable with options trading. But it's a tricky business for a lot of traders. May be thats why people prefer FUTURES instead of OPTIONS.

Bhai, can you do some posts, on study on the behaviour of options, in detail or in short (your choice).

 

[traderniftybull]

can tell you today wasn't an option writing day. And it's been like this since friday. Maybe get some opportunity tomorrow. Can't say for now.

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Wasnt today the day for call writers

 

[SarangSood]

Wasnt today the day for call writers

Personally i don't understand the concept of just cal writing or put writing. True writers are option writers who sell a strangle and play an over inflated volatility by selling cals and puts together. By just writing a single leg your delta will be open in ups/downs of future index which in my humble opinion is not what the writers forte is.

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[Shiv12345]

Bhai, can you do some posts, on study on the behaviour of options, in detail or in short (your choice).

Sure, will try to post each day whenever possible. In short, it's all about keeping an eye on daily quota of premium erosion (but not on directional movement days) and making sure if Bank Nifty is stuck in a range. Normally, I take help of only EW method. Once the waves are identified, I try to confirm if there is a chance of consolidation (i.e. if BN is stuck in range even after riding on long wave). This is because even if the market is under CLEAR CUT impulsive or corrective wave, then also it is not always certain that the wave will move fiercely in its intended direction. VIX helps in identifying the speed of waves to a certain extent.

Overall, I will try to post my observations on each day. Thanks

 

[simplebuthard]

we have done correction from 25700 levels to 25250 levels. Now we can expect upmove to go beyond 26000 in this month.

 

[SarangSood]

Good day today in weekly bnf. writing happened excessively.

 

[Shiv12345]

What a great rise in Bank Nifty during last hour!!!! Astonishing run rate in final Powerplay overs ....

 

[checkmate7]

Mazza aa gaya full kamai day...sabko mauka mila bulls bears...Next week would be same with more correction coming