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

[SexyTrader]

Nobody can be sure about the trend, maximum we can trade with the trend and s/l, not running the trade into loss without s/l, that too selling put option at 68 and run position till the death.

Let the s/l hit does't matter, without s/l if somebody is taking trade definitely he is either joker or mad or doing only paper trading or only TIME PASS.

Open forum giving levels one should be careful, if any fellow member taking trade, where is the s/l for the trade ?

No regrets for my comments.

Well in volatile scenario, I prefer averaging than having a SL.

Selling Options is best done when one is sure! And averaging out brings forth the profits....:thumb:

The reason I do not always have a SL....coz I use the SL level to average out by adding more lots and then again with the trailing SL level, I again add lots as and when necessary.

So for me, in some cases the SL works as my averaging out level This is how I like it

 

[SexyTrader]

Today....

Bought 6000 CE March series at 10.50/- as many lots I could get

This is a sure-shot DOUBLING/TRIPLING/ etc etc. :thumb:

 

[SexyTrader]

Added more lots of 6000 CE March series....at 9.90/- now :thumb:

I'm going to collect as many lots of this 6000 CE, if it goes down too

My net average price is now 10.20/- for all lots held of 6000 CE.....

Profit-booking hope to do it at 50/-

 

[aditya14]

how did u make money on the put writing which you did.
No offence but ur an idiot and being an advanced option trader myself i don`t think you have a single clue wtf you are doing.

Your trades for this month are already down 20% what kind of idiot loses 20% in 1 day?

 

[SexyTrader]

how did u make money on the put writing which you did.
No offence but ur an idiot and being an advanced option trader myself i don`t think you have a single clue wtf you are doing.

Your trades for this month are already down 20% what kind of idiot loses 20% in 1 day?

Well I made my money on the put writing by averaging out! Whats so difficult about that ? I averaged out by writing the same put at higher levels and when my profit-booking price came in the morning on BUDGET-day....I profit-booked out! Simple

Secondly the trades for this month are on...I expect the spot-Nifty to go around 5800 and taking into consideration the time-decay as well....I feel I can atleast profit-book at 25/- or 26/-...if not more if spot-Nifty rises further to 5900 :thumb:

 

[SexyTrader]

With time-decay, this 6000 CE may yet turn at-least 20 or 21...before March expiry is what I feel!

Hence I hold it! :thumb: All those who think its turned penny can keep thinking that....I feel its going to touch at-least 20-21...if not more! Lets see! coz I rarely lose my DOUBLING....so lets watch the fun :thumb:

 

[TraderRavi]

With time-decay, this 6000 CE may yet turn at-least 20 or 21...before March expiry is what I feel!

Hence I hold it! :thumb: All those who think its turned penny can keep thinking that....I feel its going to touch at-least 20-21...if not more! Lets see! coz I rarely lose my DOUBLING....so lets watch the fun :thumb:

CMP is 6......to move to 21, nifty must move to 5900+ and well before expiry ....200+ upmove looks difficult but things can change after RBI policy on march 19 ...

 

[SexyTrader]

Nifty should cross 5800 within 2-3 days is what I feel....its already around 5736 now! :thumb:

 

[SexyTrader]

The Rally is on :thumb:

My 6000 CE has started grooving

 

[SexyTrader]

Booked profits in ALL the 6000 CE lots held...at 12.35/- now

Roughly 2 points PROFIT in an OTM option :thumb:

And if required, will buy tomorrow again...but for now positions profit-booked out