Playing since 2005 lost 13+3 lakhs

[stock72]

Re: Playing since 2005 lost 13+3 lacks

15-12-2010-Gambling PROFIT 3K . so number now -1531+3K=-1528k
regards
Note : Holding 40 lots of 6100 CE. opened on 14-dec. Today holding 5900 CE 16 Lots. I usually do not have overnight position. I fear I going to post a huge loss by these postions. Let us wait until friday

16-12-2010-Gambling PROFIT 5K . so number now -1528+5K=-1523k
regards
Note : Holding 40 lots of 6100 CE. opened on 14-dec. Closed yesterday's 5900 CE 16 Lots for a profit of 4k accounted above along with today's gambling profit 1k . still fearing about the 6100CE 40 lots in hand .

 

[alroyraj]

Re: Playing since 2005 lost 13+3 lacks

16-12-2010-Gambling PROFIT 5K . so number now -1528+5K=-1523k
regards
Note : Holding 40 lots of 6100 CE. opened on 14-dec. Closed yesterday's 5900 CE 16 Lots for a profit of 4k accounted above along with today's gambling profit 1k . still fearing about the 6100CE 40 lots in hand .

Sg sir is extremely confident of upmove on Monday. :cheers:
Looking at the charts it is so obvious that the markets have formed a double bottom on the charts. Just it hesitates a t the neckline besides we had 2 policy days back to back and early weekend,so by next week you might wonder why you closed the 5900 CE early.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

 

[ranger123]

Re: Playing since 2005 lost 13+3 lacks

Hello Stock 72 friend,

Your positng on charts of your performace remembers me of another trader fellow NAC who also was understanding if some technincal analisis can be done from performance graphs. I thinks that it is just a random picture and cannot show the trend of future performance. What you can get is the volatiflity in returns and you can try to control that but you cannot control or peredict the trend (up side or down side going).

Aloyraj,

Respecting Savant sir's intelligence but I am holding hegde short position Nifty (sell Future: buy CE 5900: sell CE 6000 in 1:1:2) let us see what happened on Monday.

Thank you and best of luck.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Hello Stock 72 friend,

Your positng on charts of your performace remembers me of another trader fellow NAC who also was understanding if some technincal analisis can be done from performance graphs. I thinks that it is just a random picture and cannot show the trend of future performance. What you can get is the volatiflity in returns and you can try to control that but you cannot control or peredict the trend (up side or down side going).

Aloyraj,

Respecting Savant sir's intelligence but I am holding hegde short position Nifty (sell Future: buy CE 5900: sell CE 6000 in 1:1:2) let us see what happened on Monday.

Thank you and best of luck.

Ranger,

This chart will not predict you the future and we can not do any technical analysis in future on this chart . but if it moves smoothly towards zero then it will form as a proof that how gambling is also beneficial provided we have a greater money management.
Would like to repeat for every thousand rupees of gain the exposed money is just 10 to 15 k which is 2.5% of readily available capital.
What I meant is tossing a coin is always have a 50% probability of win. To be frank so far I dont know when and how I will reach my loss exceeding all time high of 1600 k . anyway thanks for pushing me to think on this rather than just playing .


regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

16-12-2010-Gambling PROFIT 5K . so number now -1528+5K=-1523k
regards
Note : Holding 40 lots of 6100 CE. opened on 14-dec. Closed yesterday's 5900 CE 16 Lots for a profit of 4k accounted above along with today's gambling profit 1k . still fearing about the 6100CE 40 lots in hand .

20-12-2010-Gambling PROFIT 3K . so number now -1523+3K=-1520k
regards

Note : Sold 2 lots and Holding 38 lots of 6100 CE ( opened on 14-dec). seems missed today best change of closing these with a minimum loss .... really little confused on this position

 

[ranger123]

Re: Playing since 2005 lost 13+3 lacks

20-12-2010-Gambling PROFIT 3K . so number now -1523+3K=-1520k
regards

Note : Sold 2 lots and Holding 38 lots of 6100 CE ( opened on 14-dec). seems missed today best change of closing these with a minimum loss .... really little confused on this position

Hello Stock72,

I has started trade in options about 4 months old after learning here only throuhg some master traders. My experionce in options is good and has made profits in four months. But I will tell you one thing why it is good for me is because I has never taken any naked postions in options, from the starting in trading in options I always has a cover startergy. There is very simple startegy for different market conditions. But I has never done naked trading. So when I set up a trade postion I know what will be my maximam loss and till what day.

Example on Thusday closing I has Sell Nifty Future (1), buy CE 5900 (1) and sell CE 6000 (2) this is a bearish trade setting. If Nifty go gap up opening today then my Sell Nifty Future go in loss but my buy CE 5900 will protect it for half amount atleast. Also if the market is not positive or negative than my 2 sell CE 6000 will protect the premium loss of 1 CE 5900 position due to timing deceying.

Today morning the market open down (as per my thinking and trading methoud) and I close my hole position and make 49 points profit.

So even if you not has any fix method of gamling, I tell you that you should always has cover positions only when tradin options.

Thank you and best of luck.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Hello Stock72,

I has started trade in options about 4 months old after learning here only throuhg some master traders. My experionce in options is good and has made profits in four months. But I will tell you one thing why it is good for me is because I has never taken any naked postions in options, from the starting in trading in options I always has a cover startergy. There is very simple startegy for different market conditions. But I has never done naked trading. So when I set up a trade postion I know what will be my maximam loss and till what day.

Example on Thusday closing I has Sell Nifty Future (1), buy CE 5900 (1) and sell CE 6000 (2) this is a bearish trade setting. If Nifty go gap up opening today then my Sell Nifty Future go in loss but my buy CE 5900 will protect it for half amount atleast. Also if the market is not positive or negative than my 2 sell CE 6000 will protect the premium loss of 1 CE 5900 position due to timing deceying.

Today morning the market open down (as per my thinking and trading methoud) and I close my hole position and make 49 points profit.

So even if you not has any fix method of gamling, I tell you that you should always has cover positions only when tradin options.

Thank you and best of luck.

i Bought options every month both OTM PE and CE from jan 2010 to august 2010 only to see those are getting expired worthless and lost my patience and sold otm PE and CE ON September only to see the CE went in to deep ITM.

Yesteryears i applied many strategies like strangle, straddle, calendar spreads , buying ITM PE and CE ( What is the name of this strategy ??) , mixing options with futures , covered with equities etc only to see some regularly losses since my strategies applied are always opposite to market behavior. finally from 9th oct start gambling ( just blindly buying and selling ) and so far it going good and first time in my share market experience i got money from market ( 80 k so far excluding 60k of option incentive from icici). The position of 38 lots of 6100 ce which i am holding is because of my greed which is not inline to my gambling plan I am following in the last three months. if niftty does not cross 6000 by tomorrow or Wednesday then I think I need to book a huge loss here . thinking to escape this trap .. Let me try.
Take care . keep going .
Regards

 

[NiftyFantasy]

Re: Playing since 2005 lost 13+3 lacks

i Bought options every month both OTM PE and CE from jan 2010 to august 2010 only to see those are getting expired worthless and lost my patience and sold otm PE and CE ON September only to see the CE went in to deep ITM.

Yesteryears i applied many strategies like strangle, straddle, calendar spreads , buying ITM PE and CE ( What is the name of this strategy ??) , mixing options with futures , covered with equities etc only to see some regularly losses since my strategies applied are always opposite to market behavior. finally from 9th oct start gambling ( just blindly buying and selling ) and so far it going good and first time in my share market experience i got money from market ( 80 k so far excluding 60k of option incentive from icici). The position of 38 lots of 6100 ce which i am holding is because of my greed which is not inline to my gambling plan I am following in the last three months. if niftty does not cross 6000 by tomorrow or Wednesday then I think I need to book a huge loss here . thinking to escape this trap .. Let me try.
Take care . keep going .
Regards

I dont know whether I should give u advice or not... bcz I'm already a looser.. but I have learned one thing from this market is: DO NOT TRADE DAILY LIKE AN ADDICT... WAIT FOR ATLEAST 5-7 DAYS AND THEN MAKE A POSITION.... i.e. in current market wait for the market to go eighter @6050-6100 or 5700-5750 and then take a contra position...buy itm/atm puts on 6100 & itm/atm calls on 5680-5720 levels... and hedge your position with 100-200 more deeper otm calls/puts with same size.... and wait for a decent move....

regards
Abhi

 

[ranger123]

Re: Playing since 2005 lost 13+3 lacks

i Bought options every month both OTM PE and CE from jan 2010 to august 2010 only to see those are getting expired worthless and lost my patience and sold otm PE and CE ON September only to see the CE went in to deep ITM.

Yesteryears i applied many strategies like strangle, straddle, calendar spreads , buying ITM PE and CE ( What is the name of this strategy ??) , mixing options with futures , covered with equities etc only to see some regularly losses since my strategies applied are always opposite to market behavior. finally from 9th oct start gambling ( just blindly buying and selling ) and so far it going good and first time in my share market experience i got money from market ( 80 k so far excluding 60k of option incentive from icici). The position of 38 lots of 6100 ce which i am holding is because of my greed which is not inline to my gambling plan I am following in the last three months. if niftty does not cross 6000 by tomorrow or Wednesday then I think I need to book a huge loss here . thinking to escape this trap .. Let me try.
Take care . keep going .
Regards

Stock 72,

What you started doing was right things, the startegies are never wrong but you was not able to get the direction of the market.

There is three things in Options trading 1) Options startegy 2) Direction of moment and 3) Speed of moment.

Only when all the before things are right we can regular make profit from trading in Options. I think in your case, you could not get 2 and 3 point right or even one of that two points right. This is enoghf go make loss in Option trading. Even if we do not get point 3 incorrect we can go in loss.

I think what you now doing is taking a reverse gaer and gambling, if you allready know option starteges and understand it, it is very good thing. I tell you kindly focus on point 2 and 3 and make method to master it, then only option trading will profit other wise even one wrong trade will wipe your entire capital.

Thank you and best luck.