Trading with PT style

[praveen taneja]

Bro sorry to know about ur loss but if i was at ur place must had avg my put by taking 5100 put around 5150-70 zone with 5220 sl
now after 10 timedecay and option writer in action so better take quick action and strong sl
both of my put in profit god is gr88888888888

 

[simple_trader]

hello praveen bhai

just need a small suggestion (tukka) from ur side.......
i yesterday purchased nifty 5000 pe @ 90 and didnt put stoploss

i know i m in loss........i just want to minimise it

so what u think.........where and when (which lvl) should i cover

Market is coming under some pressure but i dont wanna loose more

There are a couple of tricks to fight with writers.

- Do not get a trap of writers around from Wednesday after noon. they will be active to trap buyers till Friday.
- Do be a bit careful about buying option around mid of a month. 2nd last week is approaching, hence writers are active. Mostly price decay around this time.
- Play buy side first a few days of a series and last 3 days.
- Also do not hold option buy unless you are in big profit.
- Also learn, how to play option hedge in intraday to fight with writers.

Given all these, still writers have upper hand in option trading!

 

[shreerangk]

I have shorted nifty July futures at 5030, didn't put any SL ... PT ji could you please tell me that can I get Nifty levels below 5000 in next few trading sessions? Plz advice ..

 

[jassinko]

Bro sorry to know about ur loss but if i was at ur place must had avg my put by taking 5100 put around 5150-70 zone with 5220 sl
now after 10 timedecay and option writer in action so better take quick action and strong sl
both of my put in profit god is gr88888888888

yeah........thats true but what ur tukka suggest
will nifty comes around 4950 before june expiry ya phir panchi ab ud chuka hai
so i cover it today only
or should i wait for monday (time decay will be there but i am expecting 2% loss in dow and europe)

 

[praveen taneja]

covered puts as 5117 holding

 

[praveen taneja]

New Japanese Prime Minister Naoto Kan, seeking to lay the groundwork for a future sales tax rise, warned on Friday that the country risked defaulting on its borrowing if it failed to rein in its massive public debt.Reason for fall in mkts

 

[praveen taneja]

taken 5100 call with sl 5080

 

[scplindia]

now the market is working towards taking out all SLs, everday this is frustrating.

 

[nimish_rulz]

now the market is working towards taking out all SLs, everday this is frustrating.

Not really Europe is weak. The only reason why ftse is holding is that BP is up 5% that contributes to about 6 points on ftse. I am really hopping selling pressure intensifies in Europe as we are on a make or break of a trend here.

Still maintain my target of dow opening around -100 before open. That is what I expected from asia it is getting a bit delayed and it is frustrating. The upside target was perfectly obliged by the dow. 10050 is the support and hoping for it to close around that level. On the upside if 10,200 gets taken out 10351 is the target.

 

[praveen taneja]

This is called swing trading when all lon I short and now all short me hahahah long