My Daily Options Trading Diary

[findvikas]

You are asking too much... he can't sleep for a week straight !!!

I wish I could

 

[lazytrader]

I guess this is the new live trading hangout!

Do you guys use the chatroom?

 

[trade4putuval]

Looks like luck has something to do with me.
Market had played on my side for a good half an hour when I was not at my desk. I had to leave at 1445 hours and came back at 1600 hours.
My PEs are still in hand with me, looks like it will be a losing game for me this time.

Rajiv

 

[trade4putuval]

I guess this is the new live trading hangout!

Do you guys use the chatroom?

Hey lazytrader, that is a wonderful signature you have.:rofl:
Guys, have you noticed it?

Rajiv

 

[mogembo]

So as soon as BSE closes down, europe comes in GREEN territory.
Some weaker hands being shed alongside, the bullish run continues.. right ??

 

[spiritunit]

So as soon as BSE closes down, europe comes in GREEN territory.
Some weaker hands being shed alongside, the bullish run continues.. right ??

If tomorrow closes with big bearish candle around 4850, then you can expect next week a fall or it may touch 5150-5200 before getting into downside.

 

[findvikas]

The real action lies with US today and tomorrow. Today was a global correction/pause from the short term trend but the kindof sell off it was and the way high beta corrected since morning unfolds a different story.

 

[sumosanammain]

The real action lies with US today and tomorrow. Today was a global correction/pause from the short term trend but the kindof sell off it was and the way high beta corrected since morning unfolds a different story.

I have gone thru the last few pages, and kind of see that you people are just trying to fight the trend, and hoping and wishing and praying.

Why do u need to fight the trend?
Why predict the downfall and try to go short at the top?
And get wiped out in the process?
Why not go with the trend till the trend lasts

 

[findvikas]

My personal reason is that I do not have enough faith on this trend... I had it more when we were around 4700 levels.. but not at the peak. The problem starts when everyone blindly starts to follow the trend, that's the time where it mostly reverse.

 

[sumosanammain]

My personal reason is that I do not have enough faith on this trend... I had it more when we were around 4700 levels.. but not at the peak. The problem starts when everyone blindly starts to follow the trend, that's the time where it mostly reverse.

I am sure that time will come, but when?
It may be tomorrow morning, or next week.
Why risk getting wiped out?

The first rule for a professional trader is not to loose more that 2 % max on any particular trade
I doubt that you follow that as I have seen your trades