Playing since 2005 lost 13+3 lakhs

[DanPickUp]

Re: Playing since 2005 lost 13+3 lacks

Hi Big Man,

Please comment on my understanding.

Hi aniket_tyagi

You may recognized,that I did not ask you. Even than, thanks for your nice post'

DanPickUp

 

[aniket_tyagi]

Re: Playing since 2005 lost 13+3 lacks

Again..

 

[DanPickUp]

Re: Playing since 2005 lost 13+3 lacks

Hi Dan,

Apologies.

But now, I have went through some previous posts. And got the context.

Still, the questions are valid for any option trader and learners. I am confused whether I should remove it or not. Should I?

Alternatively, I may post what I do. But your quiz is far better than my garbage.

From what I see, I suggest all option dummies to take Dan's quiz.

p.s. - Why did I take this quiz? You may* also recognize, that I wanted your comments.

Regards,
Aniket Tyagi (without the underscore)

Hi buddy

You not have to apologies.:lol:

Let us see the answers from the person, which give such advices. I did not give advises like that and I am not to big. Just around 1.65 meters :lol:

DanPickUp

 

[tnsn2345]

Re: Playing since 2005 lost 13+3 lacks

Hi buddy

Here my stupid questions to any of your points :

1 . If I trade naked options in nifty: Where do I have to place stop loss orders and what about position sizing if market goes my way ?

2 . If I do not trade options to protect any of my portfolios, what else could be interesting for me to trade options ?

3 . You speak about option writers. How do I implement any option writing strategy in the market under what conditions and how they are named ?

4 . What do I have to look after, when I love to buy* options first of any strategy I like to implement in the market ?

5 . There is no killing on a regular basis. If so, how much would this be in return in one trade on what you experienced ?

6 . If market speeds in your direction in five days and you have an option on the right side with a live for 60 days, what do I have to do with this situation ?

As you give so many advises about options, you may can clear all of this.

Thank you in advance

DanPickUp

Dear Dan,

Out of all your points in your above post only the one highligted in bold underlined is in context to my post.

Returns from such killings could be anywhere from doubling or upto 5-6 times your money put on stake (my experience) depending on the underlying (lesser for Index Options and more for stock Options), how deep OTM Options you have bought and at what period in the life of Options contract this transaction is done.

Rest all other points in your post are out of context to my post and relate to risk managment, trade management and profit optimistaion. My post was for traders who DAILY trade long naked Options positions, targeting to multiply their stake.

Regards,

 

[chataara]

Re: Playing since 2005 lost 13+3 lacks

After 15th the options premium decays significantly every day till expiry.

Do you mean to say that after 15th, the rate per lot will come down?

Sorry to ask this, I am not able to understand this clearly

Thanks

 

[DanPickUp]

Re: Playing since 2005 lost 13+3 lacks

Do you mean to say that after 15th, the rate per lot will come down?

Sorry to ask this, I am not able to understand this clearly

Thanks

Yes, and this will happen very quickly. As I have seen in the forum, many try to profit from that, but do not have sufficient knowledge about how to handle it and some times lose a lot of money, you may think twice to go in this business.

DanPickUp

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

07-01-2010-Gambling LOSS 76K . so number now -1449-76K=-1525k
regards
Note :
1) Just accounted the profit of 76k got on the start of this week as loss today for clarity . Infact the acutal loss should be more .let me calulate and add on next week as the following positions are still open

a) 258 lots of 6200 CE .
b) 67 lots 6000 CE
c) 2 lots jan futures.

CRISIS MANAGEMENT:
Yes the above position are in crisis.
my plan to is to dump b) 67 lots of 6100 CE on monday c) 2 lots of futures.
what to do 258 lots of 6200CE ? can i buy some put ?

I see loss going to exceed the dead line of 1600 k means gambling will end ...

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Dear Friends,

Yesterday was the day for Options !!! I mean NAKED Options, as most of the individual / retail traders trade in naked Options.

Though Options, in the first place were not meant to be traded naked (their primary purpose was hedging a portfolio), they have caught fancy of traders for spectacular "returns" they can bring.

I do not know how many of you know but most in most case the Option writers make money (and there aren't many individuals / retail traders in this category) simply because of lesser leverage due to margin requirement.

Still if you want to buy naked Options (Put / Call) then remember that there are NOT ALL the days in a month you will get an opportunity, if you really want to make a big killing, maybe 3 or 4 days at best in a month. And same thing applies even of Intraday traders, may be 3 or 4 times max in a day. Sometimes even lesser.

Now what is this opportunity to trade long - naked Options (Put / Call), it is the SPEED and DISTANCE of movement of the underlying, for BOTH to happen it takes time and may happen only for the above mentioned times in a month / day.

So for rest of the time, either write Options (naked) or trade Options strategies where time decay helps or use Options for hedging or even better, stay away from Options.

Regards,

you mean to say yesterday is a day to buy puts or calls ?

 

[rkn30]

Re: Playing since 2005 lost 13+3 lacks

avoid options unil u know how to to trade options and avoid day trading if do this atleast u will not loose ur money.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

avoid options unil u know how to to trade options and avoid day trading if do this atleast u will not loose ur money.

u please avoid starting advising blindly... go through TJ,this thread etc first ..donot reply to this ..