My System - My trades.

[varunkochhar]

You just cannot hide behind technical jargon. Facts are facts and are plain to see.

 

[varunkochhar]

The OTM have zero intrinsic value so they would not increase as much with the underlying. There may be instances where the underlying increases from the point where you bought the option (i.e it went in the right direction as per your trade) but still your option expires worthless.

 

[Deelipenergy]

And the reason why not ATM options?

 

[varunkochhar]

The same reason they do not go up as much as the underlying as the premium you have to pay over the intrinsic value is too much. So first the premium would have to come off and then your real earning would start.

 

[Deelipenergy]

Oh !! got it
Thanks

 

[varunkochhar]

Now donot give me the long term arguement for mutual funds. If these bunch of stupid people cannot perform in the short term( that also in bullish markets) then what is the guarantee that they will perform when the tide turns. It is like you are in a hot selling business and you do not make profits during the in season then what would you do in the off season. We are paying them their salaries to out perform not to underperform. Would you employee someone who is not good enough for the job and still pay him well.

 

[varunkochhar]

People say politics is dirty. Even corporate world is dirty and full of corruption, favoritism and nepotism. How else do you explain these fund managers still have a job after such dismal performance. The private banks use this MF money to launder their dirty linen by picking up shares of bad companies for an illicit fees, that is how you can explain this underperformance. They win (and make money) but the fund bleeds.

 

[varunkochhar]

There is only one mantra to succeed in stock markets. Just focus on the tape. No news. No Views. No perceptions. No bias. Only beleive what you see on the screen. Why do not read too much because then you start beleiving what you read or hear. Now come on how can Boost be the secret of Sachin's success. People are so gullible they beleive just about everything. If there was something extra in people who make it big in trading then how do you explain the success of the turtles. Trading is not a gift as some people would like to beleive but an equal opportunity trait that all can acquire from dedication and hard work. Stop wasting your time reading people's views, you cannot trade them, ultimately you have to trade the charts only, try to read them. Remember empty vessels make much noise.

 

[varunkochhar]

In fact the so called God gift for trading would only be an impediment and make you go against what you see. You can only succeed if you are mechanical in the long run. This so called God Gifts make us beleive that we are GOD and we start calling Tops and Bottoms prematurely.

 

[coolabhi99]

i think 2146 is not tht bad than 3442

Dear All,

As per Extremistji's rules of exit @ 3PM, I have backtested Nifty for the month of August'17. The results are as follows :

In case of any clarifications please do let me know.

Awaiting bouquets / brickbats!!!!!!!!!!!!!

Thanks and regards,