My Daily Options Trading Diary
- Thread starter findvikas
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Vikas I thought you were seeing only bears in the jungle even for December. Howcome change of heart in just 30 odd minutes of Casino play today ? One should live with his convictions. I sat through my longs during the fall for one day & added more Nifty & calls around 4960 level today & Lo behold in 30 minutes we were back to where we started a day back. only difference being now no bears are to be seen. They are either converted to bulls or ran out.
Cheers !!!
Cheers !!!
Todays blast has nothing to do with Europe or DOW. It has to do with PE notes controversy. total about 1.24 Lakh crore Rs. PE-Notes are in market . Govt has clarified that it will not discourage Investment through PE Notes which is a big plus. Tomorrow gap up will take care of 5082 double top & then Nifty will be self propelled.
Cheers !!!
Cheers !!!
I was seeing only bulls in the jungle and roar loud enough over bulls to scare them. Market sentiment was over 95% bulls which is quite bearish in itself 
You stand a good chance for the possible reason to the recovery, which according to me was a technical failure or a possible bull trap BIG time.
I am neutral at the moment, or as I call take it I am lion who eat both bulls & bears I have stopped taking overnight open positions in options, specially on Fridays when lots of action happen overnight.
I am not really in favor of today's action which could be highly misleading and you might see a gap-down on Monday, don't ask me reasons now as I don't know the reasons... only support Indian markets have this time is a BIG GUYS holding it which is Reliance. With no surprise, it may itself fall flat to take a deep red dip.
The reason why I am not satisfied is that only India cannot change the global sentiment when US Futures are trading below their support levels (according to me)
DOW if close below 10275 can activate the technical trigger to reverse the entire global markets ... so far it has touched 10277 on the lower band. S&P is trading at the lowest point of the day 1088.80
Those who have taken positional longs have good chance of success if you look at technicals but we are not too far from a critical level 5040 which can again activate short rampage.
My theory is simple, >90% bulls = bearish market in the making, >90% bears = bullish market in the making
Have a great weekend... lets hope everyone make money !
You stand a good chance for the possible reason to the recovery, which according to me was a technical failure or a possible bull trap BIG time.
I am neutral at the moment, or as I call take it I am lion who eat both bulls & bears
I have stopped taking overnight open positions in options, specially on Fridays when lots of action happen overnight.I am not really in favor of today's action which could be highly misleading and you might see a gap-down on Monday, don't ask me reasons now as I don't know the reasons... only support Indian markets have this time is a BIG GUYS holding it which is Reliance. With no surprise, it may itself fall flat to take a deep red dip.
The reason why I am not satisfied is that only India cannot change the global sentiment when US Futures are trading below their support levels (according to me)
DOW if close below 10275 can activate the technical trigger to reverse the entire global markets ... so far it has touched 10277 on the lower band. S&P is trading at the lowest point of the day 1088.80
Those who have taken positional longs have good chance of success if you look at technicals but we are not too far from a critical level 5040 which can again activate short rampage.
My theory is simple, >90% bulls = bearish market in the making, >90% bears = bullish market in the making
Have a great weekend... lets hope everyone make money !
So far I dont face major problems, but sometimes it just stop refreshing the price for couple of seconds or in rare cases it just stops refreshing the quotes. Solution is simple, disconnect & reconnect to the broadcasting server.
Charting is pathetic in RK and I prefer not using same terminal for charting, as I want to keep charts open all the time. I have two laptops to assist me... one for trading another for tracking the market movement. oh and please dont track market movements with TV sets... they are highly misleading.. I keep my ears turned off while trading and look at charts ONLY.
Charting is pathetic in RK and I prefer not using same terminal for charting, as I want to keep charts open all the time. I have two laptops to assist me... one for trading another for tracking the market movement. oh and please dont track market movements with TV sets... they are highly misleading.. I keep my ears turned off while trading and look at charts ONLY.
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