General Trading Chat

[XRAY27]

What a day in NIFTY OPTIONS!!!!

:yahoo::yahoo::yahoo:

 

[TradeJoker]

What a day in NIFTY OPTIONS!!!!

:yahoo::yahoo::yahoo:

Well done ,:clapping:

 

[niftytaurus]

resistance in morning came at the line joining prev pvt

now in triangle and breaking down

P.S. nothing is done manually in the chart

Hi Pratap Bro
You are tempting fellow traders to ask the code of all automatic studies/indi are done to charts..there are so many new concepts I can see on your chart.
you are simpally a genius!
thanks

 

[lemondew]

Very nice explanation. As per your observations do these major levels always produce jumps in short timeframes. Or have you observed nifty hanging around on support levels for some hours.

Today Nifty spot have broken the imp support level 7723.85 ( 17 oct 2014) ......... two two possibilities are now ...... one is recovey from current levels second is some pullback and then more fall till 7540 (another imp support level).



HEM

 

[pratapvb]

[/COLOR]

Hi Pratap Bro
You are tempting fellow traders to ask the code of all automatic studies/indi are done to charts..there are so many new concepts I can see on your chart.
you are simpally a genius!
thanks

no intention to tempt or anything. just keep showing some studies / afl modification I keep doing.

I have shared a lot of info / afl also

something atleast as of now are proprietary

 

[niftytaurus]

no intention to tempt or anything. just keep showing some studies / afl modification I keep doing.

I have shared a lot of info / afl also

something atleast as of now are proprietary

Hi
I have used word "tempt" in just a very lighter mode..I meant that nobody stop himself to ask for code as they are brilliant studies by you.
I know you are one of the most helpful trader & teacher of traderji..I am using so many afls created by you & they are very helpful in my trading.so i am always thankful for you
thanks

 

[wisp]

What a day in NIFTY OPTIONS!!!!

:yahoo::yahoo::yahoo:

Xray bro, having never traded options, I have a basic question. What is the benefit of trading options vs futures today for example. Why did you choose to trade options instead of nifty futures today. Is it cos you could trade more qty in options for the same marginn and risk less or is there any other reason..

sorry if question is too silly

 

[nifty trade]

any senior trading or not ?

all quite here

 

[jagankris]

Xray bro, having never traded options, I have a basic question. What is the benefit of trading options vs futures today for example. Why did you choose to trade options instead of nifty futures today. Is it cos you could trade more qty in options for the same marginn and risk less or is there any other reason..

sorry if question is too silly

No it is not a silly question.

It is a misconception that More qty of options for the same margin and risk is less.
People loose money trading options with this notion that options are cheap and can be traded with less capital violating MM.

For a capital of 1 lakh - 1% Risk per Trade = 1000 rs/25 = 40 points.
If stop is 20 points 40/20 = 2 lots of Nifty Futures can be traded with 1 Lakh.

Like wise quantity of options trade size to be determined based on the capital and risk % ,stop loss and delta.

Assuming theoretical delta of 0.5.Stop loss of 10 points in Options one can take max 4 lots with the same 1 lakh capital.

But trading options provide savings in terms of Transaction costs.
i.e just 1/10th of transaction costs of trading Nifty futures.
Hence lot of savings here.

 

[TradeJoker]

any senior trading or not ?

all quite here

Bcs they're trading