Option trading help needed

[midas touch]

The case is: Why don't you explain a bit more what you did until now and we may are able to lead you in the direction you have to look at based on what you tell us.

She already answered your curiosity in your thread Sir :O :O

http://www.traderji.com/options/66266-option-trading-danpickup-22.html#post761515

I got a question after reading few threads and I need to write down.
Thanks..

 

[sonika]

Hmm. Now you say you trade for 1 n half yrs and you still come up with a question like that.

Dear who ever you are: Also here you could give the impression that you are not aware about what you do. One thing then would be clear: You are not successful in what you do as other wise you not would come up with such basic questions. Ok, that could and can happen and some times we have to test different things to find our way. Maybe I am right and maybe I am wrong about that and your situation. But that is finally not the case as the question could be asked from any body.

The case is: Why don't you explain a bit more what you did until now and we may are able to lead you in the direction you have to look at based on what you tell us.

Asking what is best for me and what not with out explaining what you have in mind and how you feel comfortable and what your experience until now was is just nonsenses, as there is no best and no safest in what ever you do in trading. Asking the way you do means serving food to the people with out putting any herbs or what so ever in it. No taste so no reason to eat it. Here you can have it back. Thank you. Hope you got the point.

You are safest when you not trade and keep your money some where in a safe bank which pays you only interest on your money. But that seems not your way as you show interest in trading. I could move on here, but now I give back the ball to you to fill up the missing information or in trading, the gap, in your questions. Curios to read your next post.

Good trading / DanPickUp

Dear.DP..I was not full time trader......most of the time I trade in cash.......that's y m asking this basic q....:thumb:

 

[sonika]

Sonika, Options trading is high risk and high reward game. If you are ready to take high risk (I mean capital invested if not managed correctly, can reduce to even 50% to 75% in a day), then go ahead, else relax.

As you have only 1 and 1/2 year experience, personally I will not advise you to go ahead for options trading. You may go for Futures, but this one needs little higher capital than Options. But comparatively less risk and less reward too.

Meanwhile, do paper trading of Options and see how it works out.

I read all this thing in books.....m asked this q.....bcz ..I want to see wat real experience trader say......now plz tell me after how many days u started option trading.....regards Sonika...:thumb:

 

[Taurus1]

I am new please any seniors explain OPTION in simple way........I found lots of thread in this forum buts its complicated to me..........

http://www.optiontradingpedia.com/

http://www.investopedia.com/university/options/#axzz2Kg9GEKb2

 

[DanPickUp]

Dear.DP..I was not full time trader......most of the time I trade in cash.......that's y m asking this basic q....:thumb:

Dear Sonika

First: What about that thread: http://www.traderji.com/beginners-guide/39632-come-into-traders-den.html#post423508 A friend of mine started it and I am sure this will expand your general knowledge about trading. Many posts about many different subjects. Surely a place to rest a while and to over think some open questions.

Second: How long does it take to start with trading options?

If you have a basic understanding about them, you can start immediately if your platforms allows it. Staying on the side and just doing paper trades is not the way I recommend as paper trading could give you a wrong impression about what you do. Why?

As paper trading not includes any live trading feelings and any live filled positions, it is to question of how much help it is. Discussions are going on all over about that, so take it just as my very personal two cent input. As emotions will be the most tricky part at begin in your live option trading, you have to learn how to understand and handle them and that is only possible by doing live trades.

To not get fooled and being food for big boys, trade only one simple option at begin and trade those option otm to not stay in the fire line of well experienced and hard boiled pros.

Be sure that you have any idea about what stop losses are when you just do trade naked options. If you already want to reduce that risk, then trade only otm credit spreads at begin. Choose your time frame wisely as the time frame has a lot to do with trading in the comfort zone. What is that?

You will find the answer in the thread mentioned above.

Good success / DanPickUp

 

[escape]

I read all this thing in books.....m asked this q.....bcz ..I want to see wat real experience trader say......now plz tell me after how many days u started option trading.....regards Sonika...:thumb:

Sonika, Since last one year, I'm seriously into Options trading. Until now, I must accept, it is not good experience, my net result till date is negative.

If you seriously want to see experience of Options trader, just go through my threads (see links in my signature) and see result. I believe this will be experience of any average Option trader initially.

Till date, my net result is negative. I'm considering this as investment to learn. Hopefully soon, I'll recover my investment and will start getting constant income from market.

Happy Trading and Good Luck.

 

[DanPickUp]

Sonika, Since last one year, I'm seriously into Options trading. Until now, I must accept, it is not good experience, my net result till date is negative.

If you seriously want to see experience of Options trader, just go through my threads (see links in my signature) and see result. I believe this will be experience of any average Option trader initially.

Till date, my net result is negative. I'm considering this as investment to learn. Hopefully soon, I'll recover my investment and will start getting constant income from market.

Happy Trading and Good Luck.

Dear Escape

You have to explain in details why your net results are negative until now and this you should know very precisely after the money and time you invested in your option trades.

Just posting that you feel it is a negative experience with out going to explain in exact details (except your bad result) why you feel bad, could seriously give the wrong impression to others that option trading is a negative giving kind of thing. That is not true in no way. Not true.

Your thread was already recommended and mentioned in this thread as a good learning thread. So no reason to mention it again.

Why do you think that you are an average option trader? Any deeper explanations for that so that others know why they may have to adapt to an other maybe average option trader?

Maybe you are even worse or maybe you are even much better. Any statistical numbers from India you can show about that?

Good trading / DanPickUp

 

[escape]

Dear Escape

You have to explain in details why your net results are negative until now and this you should know very precisely after the money and time you invested in your option trades.

Just posting that you feel it is a negative experience with out going to explain in exact details (except your bad result) why you feel bad, could seriously give the wrong impression to others that option trading is a negative giving kind of thing. That is not true in no way. Not true.

Your thread was already recommended and mentioned in this thread as a good learning thread. So no reason to mention it again.

Why do you think that you are an average option trader? Any deeper explanations for that so that others know why they may have to adapt to an other maybe average option trader?

Maybe you are even worse or maybe you are even much better. Any statistical numbers from India you can show about that?

Good trading / DanPickUp

Dear Dan,

Thank you for your response.

First of all, I don't want her or others to get discouraged about Options trading. In fact in my earlier post, I asked her to start with paper trade instead of putting her hard earned money directly.

As per her second post:

I m trading last 1 n half yrs plz any seniors elaborate.....which is better for me...future or option trading.....which is the best for safe and why?..thnx sonika....

I personally believe if you consider your first priority as "Safe" or control risk, then Futures trading will be much safer compare to Options trading.

Regarding why I'm having net negative result until now, is difficult to answer, is subjective. May be I'm not using strategies, may be lack of market knowledge, may be personal characteristics/behavior, and various other reasons. I’m still discovering new reasons day by day and trying to note it down as part of my learning experience. Most of them are already listed in my thread (under End of Day result), so I asked her to read those, to avoid my mistakes.

Sorry that I missed that your earlier post recommending her to go through my thread.

And regarding considering myself as "average option trader", actually I wanted to say “Average One Year Experienced Option trader” like me will have similar experience. Sorry if it is giving different meaning.

And I do not have any facts/statistics to prove otherwise.

Thank you.

Regards,
Escape

 

[rajgreenpeace]

I m trading last 1 n half yrs plz any seniors elaborate.....which is better for me...future or option trading.....which is the best for safe and why?..thnx sonika....

Hi,Sonika Today I will try to solve your question I understand what do u want to say,as u sad in another thread that u r a ex employee of KA....now u r jobless that's y u want to be a full time trader......your salary was 30k.....ok coming to the point....in my experience......I never suggest you for option.......trading.....bcz u r new.....just 1 n half yrs......You need....atleast 3 yrs...to enter option....this...is my opinion....others members..may differ....with me.....for..option....trading ..u must know technical....I will nt talk about the technical....bcz..there are..very..good thread ..u can find here....if your account size is small...trade in cash.....or..u can trade mini nifty.....but never try...stocks future....bcz stocks future trading u need..experience of ..2 yrs in index trading......if u dnt know technical..then....try to trade in news based stocks in cash market...example..if any....A category stocks down by 10% with out news...then buy that stocks.......or you can try...first 1 hour...good...top % .movement stocks.....u can find it....in ur trading software.....always try to protect your money....decide..your monthly target...suppose ur target is 10 k.....in 7 days u achieved your target...then never..trade again .....shut down ur computer...immediately......next 13 days ...u just watch..news and ...follow ...this forum....ok let me tell u very important thing....for buy a stocks sl 1% n tgt will 1%..means equal..but if u sell a stocks....tgt 2% sl 1%............bcz....when a stocks fall it will fall sharply......so try to earn more.....money..wen u sell stocks.....this is my experience...:thumb::thumb::thumb:

 

[midas touch]

Ravi Bhai(TraderRavi),yeh apne Raj Babu bahut dot marte hai..

well,Raj Ji,Is 1 lac a good amount to go for future trading?

thx