NIFTY 50 future TRENDS

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adityasaraf007

adityasaraf007

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#9,441
Wow.... a lot of discussion on Option Writing took place today..... I consider Options to be the best thing that could happen for traders..... They provide a hell lot of flexibility... And as Rahul ji said puri duniya Option writers ko profit karane ke liye jooti rahti hai in the form of Decay..... But he missed out on one very important aspect.....

To trade it successfully, one has to be well capitalized..... However, in India, I guess 80-90% of the traders come in the hope of making it big without the proper capital to see them through..... And those who are well Capitalized, most of them probably already know how to use it.....

That's the reason, why most of the threads are just good to enhance the knowledge... but not very useful when it comes to creating wealth out of that knowledge..... :)

Just my opinion and I could be right... See you guys.... ;)
 
M

manoharpillai

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#9,442
#9,442
trdstudent said:
Hello Mano ji :) .I hope i'm not dstrbing u .I just want to know whether i'm learning it right or not :)
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If you are a day trader live chart is a must. 10-15 minutes candle does not move past a res. what you have fixed you have take risk of 15/20 points SL.and go short.. Most important part is covering your position.
What I do is first i short one lot of Mini Nifty at 1st Res. and wait for 30 mts. if price slip still below and struggle at higher levels will add one more lot. Cover one lot at s1 or s2 and hold one lot till the end to close it.
practice Technical combinations: EMA cross overs to go short or long and use Gann/Pivot levels to cover your profits.
For shorter term trade (day trading) have to control greed for bigger profit.
 
T

trdstudent

Well-Known Member
#9,443
#9,443
manoharpillai said:
If you are a day trader live chart is a must. 10-15 minutes candle does not move past a res. what you have fixed you have take risk of 15/20 points SL.and go short.. Most important part is covering your position.
What I do is first i short one lot of Mini Nifty at 1st Res. and wait for 30 mts. if price slip still below and struggle at higher levels will add one more lot. Cover one lot at s1 or s2 and hold one lot till the end to close it.
practice Technical combinations: EMA cross overs to go short or long and use Gann/Pivot levels to cover your profits.
For shorter term trade (day trading) have to control greed for bigger profit.
Click to expand...


Thnx Mano ji and yes I use live chart,EMA crossover and Gann/Pivot all .I do day trding and some times position with no more than 2/3wks .My objective is to learn the actual hands on trading to enhance my bookish mrkt knowlge.I just don't want to be a mngment passout with zero knowlge of ground reality :) . Thnx once again.
 
M

manoharpillai

Well-Known Member
#9,444
#9,444
trdstudent said:
Thnx Mano ji and yes I use live chart,EMA crossover and Gann/Pivot all .I do day trding and some times position with no more than 2/3wks .My objective is to learn the actual hands on trading to enhance my bookish mrkt knowlge.I just don't want to be a mngment passout with zero knowlge of ground reality :) . Thnx once again.
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The physiological part:
wants to win every trade and that attached to fear
Learn to enjoy trading.....take less position and be comfortable with your trading system, ( which you have developed on your own) tested of months and years of R&D by your self with very less Financial liabilities.
There are so many great books available i red and understood ... i confess it is very difficult to over come the physiological part still i commit many mistakes in trade.
win over this paramount task is the key and only answer to become a successful trader.
 
EagleOne

EagleOne

Well-Known Member
#9,445
#9,445
adityasaraf007 said:
Wow.... a lot of discussion on Option Writing took place today..... I consider Options to be the best thing that could happen for traders..... They provide a hell lot of flexibility... And as Rahul ji said puri duniya Option writers ko profit karane ke liye jooti rahti hai in the form of Decay..... But he missed out on one very important aspect.....

To trade it successfully, one has to be well capitalized..... However, in India, I guess 80-90% of the traders come in the hope of making it big without the proper capital to see them through..... And those who are well Capitalized, most of them probably already know how to use it.....

I personally believe that it is a bit of a overblown, taken-for-granted kind of dumbcrap that has started sounding like a gospel after much repetition. And I am not surprised considering that we indians, pardon my pun, have been very good at being led since well before the arrival of Babur from Samarkand!:p
Being a bit disciplined can easliy compensate that handicap. Besides, you are looking at option writing in a straight line - like a mule sort of. Do some lateral sight seeing, my young buddy. Let us not forget that before butchering, the sheep are fattened. Same way, options only get written when they put on some weight. ;)

That's the reason, why most of the threads are just good to enhance the knowledge... but not very useful when it comes to creating wealth out of that knowledge..... :)

Now read my above last words again. Put 2 and 2 together, and see where they lead you to find the 'wealthy' 4! :D


Just my opinion and I could be right... See you guys.... ;)

Adi bhai, I don't know about others but know this: that I'd respect your opinion over 100s of eagleones, STs, Manobhais put together. Because you are young. And only youth is right - has always been. History witnessed this fact from stoneage onwards.
Old are only good at having ego-enhancing opinions, thereby making troubles for others. (history, btw, witnessed this fact as well! :lol:)

You take care. And concentrate on your studies, if I may humbly suggest. :p
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adityasaraf007

adityasaraf007

Well-Known Member
#9,446
#9,446
I am speaking in a different context.... From what I have seen, lots of people don't have a ledger which is equal to half the value of a Futures Contract.... ie; the ledger is <=1 lakh..... and in some of the cases the ledger is not worth mentioning.... ;).... I personally believe we shouldn't venture in Writing Options with such a ledger....

Personally, I have never ventured in writing options.... have been restricted to buying them only when I am sure of the move.... So, neither I have acquired enough knowledge about the different strategies... So, I might be speaking out of ignorance... But have more than an idea about how they can be used.... :)

BTW, have a look at PT Uncle's thread.... :)
 
EagleOne

EagleOne

Well-Known Member
#9,447
#9,447
Adi, if you just go and check the competition winners on Zerodha thread, you will see most of the winners are Nifty options traders. Do you think all of them are option writers?

Arrey yaar, option writing also has severe limitations! For which you need hell of a money to overcome. Limitations, which become 'stepping stones' to a judicious option buyer when his buying is timed-well...

Give it a thought, ok?


PS. What the hell we are doing here, adi, littering Sudoku's thread? Forget further discussion of any kind! We will do it some other time on your thread! :)
 
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