My Daily Options Trading Diary

[blogospheres]

Post some ledger details iam growing skeptical at your trades.It seems your having a hit ratio of 95% which i doubt even warren buffet,Saint,or Praveen,Murtaza even do not have such hit ratio.

Your bluffing us all.

Care to show your ledger or shall we believe your paper trades blindly?

Well, I have got no connection with Vikas whatsoever yet I could not resist writing this post. I have been tracking this thread since quite some time though I dont really agree with his entirely bearish view. But then his view may be based on his experience and we have got no right to doubt that. Reading the thread name, it says, 'My daily options trading diary', I wonder did he ever ask others to follow his trading decisions? I believe, No!

So why does he needs to prove his trade to you or anybody else. Its paper trade or real trade, its his money and he has got bloody every right to post whatever he wants. He never claimed, he has got a 95% track record. It's as simple as this- If he is bluffing, you should be smart enough not to fall prey to that and if he is right, he has got every right to post his trades. Period! Moreso, he has never told others to follow him and those who are doing that are doing so at their own peril.

Keep going Vikas. Though, I dont really agree with your bearish view but then you have your own reasons and I have mine. The only aim is to make money so keep doing that with whatever view you have.

 

[findvikas]

technically 1121 is 50% retracement and major resistance

US Markets are near their yearly high and expected to remain there around closing as well... positive vibes keeping them at their peak.

If you look closely and analyze the volume there... its above normal.. very high volume and we are reaching a 'buying climax' situation. The volume is exceptionally high but the price spread is quite narrow... compared to low volume days..

also see how ruthless shorting can come with just a single negative trigger... it was when Fed Chairmen, Ben Bernanke said, "the central bank's policies should ultimately help to bolster the US currency" which means dollar strengthen.... immediate effect can be seen on US treasuries which are seeing good amount of buying.

These are just few precursor in a market which is reaching its peak and about to take a U turn... again "I could be wrong" and love to be wrong as all my friend on this forum are quite bullish and I have my protective hedge on both sides now... this week is going to be an interesting one as S&P reaching near 50% retracement (1121)

 

[findvikas]

Keep going Vikas. Though, I dont really agree with your bearish view but then you have your own reasons and I have mine. The only aim is to make money so keep doing that with whatever view you have.

Thanks Bro... I am not really bearish.. I am concerned with the data, ofcourse its research that I am doing based on past 6 months Nifty Future's data... and if I am correct this time then you will be surprised to see a sudden fall otherwise I will lose my nifty puts to death.

I will share the research data... only if I am correct, trust me I will

 

[findvikas]

action is coming slowwllyy sloowwwlyyy ... will US be able to keep their gains... US treasuries are seeing good volume buying which means moving money to safer side and still stay invested.

 

[findvikas]

WARNING!!!! Dead End!!!

I am just following the charts and todays move made me think that we are making a buying climax and a immediate U turn is in making we are once again riding the rising wedge without enough volume to clear the hill keep your hand breaks ready

Disclaimer: I am not speculating... but asking you guys to be cautious and ride the trend of US markets rather than Indian markets as we are completely dependent on FIIs who showed us their power once again in first week by retouching 4500 levels..

The above chart clearly shows that there is not enough support available below 10300-10350 and can take us all the way back to 8000-sh levels in DOW JONES

Also remember that Friday we had a close below this support level at 10270 and today's move could it... one day of correction can take us into hell... a deeper recession is in the making in US markets.

Few takeaways from a wide-ranging interview, Whitney, CEO of the Meredith Whitney Advisory Group, said

She was disappointed that Fed Chairman Ben Bernanke didn't spell out how the Federal Reserve planned to exit "the biggest Fed program to date, which is the mortgage-backed purchase program." In a speech earlier Thursday, Bernanke said the central bank was watching the dollar's decline but is likely to keep interest rates low.

The US consumer was going through the biggest credit contraction evereven bigger than that during the Great Depression. "That credit contraction is accelerating," she said. "There's nowhere to hide at this point."

The banking sector is not adequately capitalized and will need to raise more capital in the coming year.

The residential real estate market is likely to worsen and remains a much bigger threat than the commercial property market. The government's mortgage modification program won't result in any major improvement in homeowners' ability to stay above water, she added.


A weekly close of DOW JONES below 10250 can break the support line on the down side and can possibly trigger the fall... but do we have a negative news in the making... possibly yes.

http://www.express.co.uk/posts/view/140492/Million-hit-by-plague-worse-than-swine-flu-

 

[findvikas]

another disclaimer... just for the sake of keeping the flames low... I am not saying that it will happen for sure... but it happened couple of weeks back in Indian markets and I talked about it just 2 week before it happened.

http://www.traderji.com/futures/302...0hrs-intraday-market-level-36.html#post365519

 

[VJAY]

Dear vikas,
Are you trading in dow?..your chart is ami?where you getting rt data for dow?if you don't mind please share with us.......you are awaketill morning so am asked....

 

[findvikas]

Dear vikas,
Are you trading in dow?..your chart is ami?where you getting rt data for dow?if you don't mind please share with us.......you are awaketill morning so am asked....

The chart is not AMI but http://stockcharts.com for US you have many sites which gives wonderful charting. One of my favorite interactive charting site is http://www.freestockcharts.com/

I do not trade in DOW but have many friends who actively does it quite actively. I track them very closely for possible impact on other global markets. Regarding being awake... I think I need more hours from my life...

I am still at work place just finished couple of meets and now leaving for home to have a quick nap and then back to business

 

[findvikas]

Expect a gap up opening and then a negative to flattish close for the day...

 

[findvikas]

Did I told you guys its my Birthday today... so I might be spending little time with family before coming to terminal