Option Buy Recomendations

[rafiswcc]

Hello every one I am new here

 

[Mangafreakz]

Mangafreakz,

What is meant by about -20. See the diff. should be more than -20 pts. for a trade of put buy at R1.

Regards

Thanks , ya sorry for the confusion , I meant more than -20.

 

[ghosh_ak34]

Hello every one I am new here

Welcome to the forum dear rafiswcc.

Regards

 

[psvaja]

hi all,

does any one have trading data of all trades of ghosh sir's method ? if yes, please post in excel format.

thanks

Pravin

 

[aery]

hi guys,
i am new to this website....been reading from your posts....very informative.......i've done huge mistakes in options.......have always been wrong footed.......have made the mistaked of averaging and losing to time decay......which i am sure most of you have done.....right now i have 30 lots of 4900 ce @ 70, i don't know how the market is gonna be on tuesday....shall i book the loss.......it's now trading at 54.........and also any simple strategy with limited risk and limited profit.......would be greatly appreciated

 

[ghosh_ak34]

hi guys,
i am new to this website....been reading from your posts....very informative.......i've done huge mistakes in options.......have always been wrong footed.......have made the mistaked of averaging and losing to time decay......which i am sure most of you have done.....right now i have 30 lots of 4900 ce @ 70, i don't know how the market is gonna be on tuesday....shall i book the loss.......it's now trading at 54.........and also any simple strategy with limited risk and limited profit.......would be greatly appreciated

Dear Aery,

Have you hedged it. If not why have you kept the position open overnight and that too before a long weekend!!! You need to ask youself this question again and again everyday. Rule of thumb - Do not keep any postion open for next day without any hedge. Market is very unpredictable, its merciless and punishes you badly in case you are on the wrong foot. So, you need to protect yourself against all odds. You may be lucky once, but you won't be lucky always.

Its a pure gamble to keep position open for the next day. You have already lost considerable amount of money and don't think you have enjoyed loosing it.

Make an exit. You can refer to 1st post of this thread to understand a options trading strategy which works for me. Do prepare a plan daily and trade as per plan. This plan should be tried and tested on paper or using small trades. This plan should work on all adverse condition with low/moderate risk of loosing money.

We need to work more on protecting what we have rather than working on how to make.

Regards

 

[aery]

thanks a lot ghosh,

can you please for the sake of approaching it in the real world post your suggestions for trading for atleast 2 days in the next week.....that's be great....i did check your post on the basics of options.......was helpful......but guess suys like me who have done mostly mistakes need to be guided closely in the initial days atleast........would be eagerly looking forward for that help.........

thanks again,

aery

 

[ghosh_ak34]

thanks a lot ghosh,

can you please for the sake of approaching it in the real world post your suggestions for trading for atleast 2 days in the next week.....that's be great....i did check your post on the basics of options.......was helpful......but guess suys like me who have done mostly mistakes need to be guided closely in the initial days atleast........would be eagerly looking forward for that help.........

thanks again,

aery

Dear Aery,

You can do the paper trading as per the strategy posted in the 1st post of this thread for atleast 3 months in a row to check its performance yourself.

I do not like posting my trades. So, will not post here. my trades.

Regards

 

[Mangafreakz]

@Aery
Try doing Paper trading on the strategy by taking Realtime values from either your broker's terminal or you can use this software - Options Oracle. I am doing the same , and whenever i come across any problems , I post it here and get it clarified from ghosh_ak34

 

[rock007007]

tomarow market sretegy 3/11/2009 please send rock007007 or 9224453337 or [email protected] mail me