How to invest 40 lakhs in equity, FnO, commodities etc. Part 2

[SexyTrader]

No matter what justification you put forward sir the fact is you are playing with OTM and far ATM options as a buyer. There is no TA therefore the only justification I see is blind gamble. As such you may get lucky in doubling or tripling your money but as a norm this way one is exposed to be stripped from both sides unless the underlying moves at high speed in either direction. The way our market is showing indecision I am afraid your options may have what I read in a tj member's post. Options ka future gol hai.

I agree, but what can I do ? I have never lost money doing derivatives coz I figured out on my own that these are "weapons for massive wealth-creation" ! I rely on my INSTINCTS and manage risk pretty well.....as long as one is comfortable with RISK, I do not see any reason to worry

Its not the money/profit reward, I love RISK that brings REWARDS....not in a foolish way though, hence it cannot be called gambling coz I very well know what I am doing, except I may not know the outcome....but thats easy coz outcomes can always change...but one MUST know what one's doing and I know that well first :thumb:

My trading-style is INDISCRIMINATE in INSTINCT but with a method to that as well is how I can possibly define it in my words. I cannot exactly explain it coz its INSTINCTIVE...at times I could be wrong, but I will INSTANTLY know whats required to manage that risk and set a corresponding position to take the risk out of my way....

I have the exit door(read as SL ) ready in any trade I do but I like to dip on the RISK side just to see what happens...in those trades I DO NOT use MAXIMUM LOTS

Hope this explains what I mean...or state

 

[TheDreamer]

I sense for this Oct series, Nifty may go a few points up 5800 like 5820 or 5825 and then begin its downward journey :thumb:

Though there may be twists and turns on its way till Thursday expiry!

To beat/cross-nullify my risk in 5800 CE and 6000 CE for expiry, I have opened two opposite positions to that extent in 5700 Put and 5600 Put for Nov series today, around the last few minutes before closing time

Your 5800CEs are already certified as 'clinically dead' waiting for 'biological death'.

The 6000CEs are playing in the 'Garden of Eden'.

Good luck with your new love called PEs...

 

[ethan hunt]

not to forget that for all loss making trades sexytradr takes minimum lots & for profit making trades he takes maximum lots. :rofl:

Your 5800CEs are already certified as 'clinically dead' waiting for 'biological death'.

The 6000CEs are playing in the 'Garden of Eden'.

Good luck with your new love called PEs...

 

[SexyTrader]

Your 5800CEs are already certified as 'clinically dead' waiting for 'biological death'.

The 6000CEs are playing in the 'Garden of Eden'.

Good luck with your new love called PEs...

Yes I know so I have bought opposite positions as well If I lose in Oct, I will make up for it in Nov series :thumb:

I'm not playing with MAXIMUM lots when its risky....so in the 5800 CE and the 6000 CE just 6 lots in each of them and the same quantity in the Nov series PEs 5700 Put and 5600 Put

But in these last few days or so, I realized this whole-waiting around holding is comfortable but does not suit my type of rapid fire....so after I book profits in this combo, I shall go back to my rapid fire INTRADAY

 

[SexyTrader]

not to forget that for all loss making trades sexytradr takes minimum lots & for profit making trades he takes maximum lots. :rofl:

Of course! I do not wish to take on too much risk, but I do trades based on what I feel.....

MAXIMUM lots is only when I'm damn sure of winning :thumb: Otherwise anything between 6-10 lots would work to keep the groove

 

[SexyTrader]

I dont mind if the 5800 CE & 6000 CE expires uselessly in this series coz I have just 6 lots in each

But to make sure this loss in Oct shall be just notional for me, I have already bought 6 lots each in 5700 Put and 5600 Put for Nov series :thumb:

So the profits will square-off the losses, thereby making it NOTIONAL

This Oct month taught me something, this holding getting bored kinda routine will not suit me....I tried it this month and got so bored and thats why I will be profit-booking fast in the 5700 Put & 5600 Put for Nov series!

Rapid fire suits me, but with some measure of comfort and safety as well....OPTIONS are doing just that for me :clapping:

 

[SexyTrader]

Ok ... booked-profits in the Nov series 5700 Put at 105 and 5600 Put at 64 :thumb: now!

Now the notional loss in 5800 CE & 6000 CE for Oct series has already been taken care of though I'll keep it to expire or maybe get 5850

 

[Anillal]

I agree, but what can I do ? I have never lost money doing derivatives coz I figured out on my own that these are "weapons for massive wealth-creation" ! I rely on my INSTINCTS and manage risk pretty well.....as long as one is comfortable with RISK, I do not see any reason to worry

Its not the money/profit reward, I love RISK that brings REWARDS....not in a foolish way though, hence it cannot be called gambling coz I very well know what I am doing, except I may not know the outcome....but thats easy coz outcomes can always change...but one MUST know what one's doing and I know that well first :thumb:

My trading-style is INDISCRIMINATE in INSTINCT but with a method to that as well is how I can possibly define it in my words. I cannot exactly explain it coz its INSTINCTIVE...at times I could be wrong, but I will INSTANTLY know whats required to manage that risk and set a corresponding position to take the risk out of my way....

I have the exit door(read as SL ) ready in any trade I do but I like to dip on the RISK side just to see what happens...in those trades I DO NOT use MAXIMUM LOTS

Hope this explains what I mean...or state

Please do not take it otherwise but I am honestly stumped, clean bowled in fact in trying to figure out what the bold words above actually mean as every succeeding statement is contradicting the preceding one resulting in making no sense at all. At least not to me sir. But then it could be my fault as I do not count myself among very bright people. Anyway the way you emphasise your trust on instincts let me remind you sir instinct as far as I know is the name given to inborn visceral hard coded gentic reaction to certain environmental stimulus for self preservation. Fear of heights/deep water/darkness, parents care for their offspring etc are instinctive. I am afraid trading as I know it is a cerberal activity requiring careful planning and executing that plan to the letter hence instinct has nothing to with it. Besides humans are very low on instinct scale compared to the kitchen cockroach. You might mean intuition instead I guess. But then everyone possesses intuition more or less and is as elusive as fate, hard to describe logically so there is no point in gloating over it or drumming it about. This notion that the derivatives are instruments of wealth creation then my dear sir it is double edged sword. Reverse is equally true particularly in the case of option buying which comes with this sleeping pill that one's risk is limitied without telling the ill effect that risk is always loaded in favour of the option writer.After years of all sorts of 'been there done that' my trading exprience tells me to trade less, within my means and to stay away from options and the trap of leverage. Trading is the most boring activity on earth and to me taking risks in it for just risk sake is just a foolhardy attempt to bring some excitement in it. It does not work. For excitement if one were to take risk then one should go for skydiving. The reward of which is life enhancing, I am told.

PS About the words 'what can I do?' in the first sentence of your post. If I were to have such dileimma in my trades I would stop trading altogether until I get it fixed. Have a pleaseant weekend.

 

[ethan hunt]

.....very low on instinct scale compared to the kitchen cockroach.....

weekend entertainment at its best, i am loving it :clap:

Please do not take it otherwise but I am honestly stumped, clean bowled in fact in trying to figure out what the bold words above actually mean as every succeeding statement is contradicting the preceding one resulting in making no sense at all. At least not to me sir. But then it could be my fault as I do not count myself among very bright people. Anyway the way you emphasise your trust on instincts let me remind you sir instinct as far as I know is the name given to inborn visceral hard coded gentic reaction to certain environmental stimulus for self preservation. Fear of heights/deep water/darkness, parents care for their offspring etc are instinctive. I am afraid trading as I know it is a cerberal activity requiring careful planning and executing that plan to the letter hence instinct has nothing to with it. Besides humans are very low on instinct scale compared to the kitchen cockroach. You might mean intuition instead I guess. But then everyone possesses intuition more or less and is as elusive as fate, hard to describe logically so there is no point in gloating over it or drumming it about. This notion that the derivatives are instruments of wealth creation then my dear sir it is double edged sword. Reverse is equally true particularly in the case of option buying which comes with this sleeping pill that one's risk is limitied without telling the ill effect that risk is always loaded in favour of the option writer.After years of all sorts of 'been there done that' my trading exprience tells me to trade less, within my means and to stay away from options and the trap of leverage. Trading is the most boring activity on earth and to me taking risks in it for just risk sake is just a foolhardy attempt to bring some excitement in it. It does not work. For excitement if one were to take risk then one should go for skydiving. The reward of which is life enhancing, I am told.

PS About the words 'what can I do?' in the first sentence of your post. If I were to have such dileimma in my trades I would stop trading altogether until I get it fixed. Have a pleaseant weekend.

 

[SexyTrader]

Some days back, I have booked-profits in the Nov series 5700 Put at 105 and 5600 Put at 64.

And the notional loss in 5800 CE & 6000 CE for Oct series has already been taken care of through these two PUTS of Nov, so I'll just let the OCT ones expire calmly :thumb:

Enjoying the holidays....shall be back active next week.

For now, just chilling and relaxing so many holidays!