Option Buy Recomendations

[awachat]

Hi All,

Updated data for today.

 

[ghosh_ak34]

Ghosh Sir,
Iam not a full time trader.I do it part time ie end of the day.Kindly advice is it ok or not.I lost lot of money ?

Regards
Ram

Dear Trader999,

I am feeling very bad to know that you have lost lots of money. Analyze your trades carefully, and find what went wrong. Sometimes I feel if you are constantly lossing in trades for past 3 months then, your trading style could be reversed. I mean if you are lossing most of the time when you buy then, start shorting the same next time. But test the same before you give it a real try.

Its not necessary to follow my strategy or anybody elses, but its important to come up with a strategy or follow someone else's strategy only after testing.

One thing I learnt that keep emotions at bay and just follow your charts and do not ever leave any position open without any hedging. We should never think in our favour only. Always think for the worst and act accordingly. Fore most important thing in trading is money management. Save your hard earned money. If you have taken any position and your time tested startegy/charts says its a wrong trade then, immediately close it and look for another one but only according to your time tested strategy / charts. Just follow your strategy blindly once you have tested it and have seen it works for atleast 3 months in a row or upto max 2-3% loss of your capital set aside for trade. In case you lost 2-3% of your capital left for trading just stop trading for a month minimum and analyse your data and yourself. Trade with only 25% of your total capital. I did this and follow this so, sharing the same here.

Best of luck and happy trading.

Regards

 

[ghosh_ak34]

Hi Ac,

I think according to ghosh you should hedge ur position only by size not by price because, when you carry your position next you should revise your stop loss to 10% from cmp so that price doesn't cost anything only size.

Ghosh correct me if I am wrong.

Regards

Dear Trillian,

I reco. hedging by atleast 50% or close to it by price. And maintain a SL=30% from your buy price. And hold the profit making posiiton with trailing SL=10% of CMP.

Regards

 

[tradengrow]

Dear Trader999,

I am feeling very bad to know that you have lost lots of money. Analyze your trades carefully, and find what went wrong. Sometimes I feel if you are constantly lossing in trades for past 3 months then, your trading style could be reversed. I mean if you are lossing most of the time when you buy then, start shorting the same next time. But test the same before you give it a real try.

Its not necessary to follow my strategy or anybody elses, but its important to come up with a strategy or follow someone else's strategy only after testing.

One thing I learnt that keep emotions at bay and just follow your charts and do not ever leave any position open without any hedging. We should never think in our favour only. Always think for the worst and act accordingly. Fore most important thing in trading is money management. Save your hard earned money. If you have taken any position and your time tested startegy/charts says its a wrong trade then, immediately close it and look for another one but only according to your time tested strategy / charts. Just follow your strategy blindly once you have tested it and have seen it works for atleast 3 months in a row or upto max 2-3% loss of your capital set aside for trade. In case you lost 2-3% of your capital left for trading just stop trading for a month minimum and analyse your data and yourself. Trade with only 25% of your total capital. I did this and follow this so, sharing the same here.

Best of luck and happy trading.

Regards

Dear Ghosh Sir,

Very well said Sir. Its emotions that kills our trade.

-- Anil

 

[VJAY]

Hi awchat
"16th P4500 9:55 450 Sold 405.00"
I not understand the above your statement on pdf file.Please clarify me
Are you taking positions to next day?
If at 12 pm the difference between 10-30 -12 is 19 then what can we do?Is sell C4100 and buy P4500 is it right?

also please clarify if 10-30 & 12-30 time takeing then why this 10-45 & 12-45.

Regards
VJAY

 

[VJAY]

Hai Ghosh,

Trend is checked at 10:30 AM-10:45 AM with 20 pts up or down from Nifty openning price. Depending on this trend its recomended to buy Nifty call at S1
if (Opening price - price at 10:30 AM) >= 20pts. And its recomended to buy Nifty put at R1 if (Opening price - price at 10:30 AM) =< 20pts.

I have doubts which still not cleared.As per above statement(Strategy) on 15 th why bought P4500 (4231.95-3997=254.95)its >20 pts then buy C4100
Today 75.55 pts its okey.why yesteday is buy on P4500
I think still I confused in your strategy.

Regards
VJAY

 

[ghosh_ak34]

Hai Ghosh,

Trend is checked at 10:30 AM-10:45 AM with 20 pts up or down from Nifty openning price. Depending on this trend its recomended to buy Nifty call at S1
if (Opening price - price at 10:30 AM) >= 20pts. And its recomended to buy Nifty put at R1 if (Opening price - price at 10:30 AM) =< 20pts.

I have doubts which still not cleared.As per above statement(Strategy) on 15 th why bought P4500 (4231.95-3997=254.95)its >20 pts then buy C4100
Today 75.55 pts its okey.why yesteday is buy on P4500
I think still I confused in your strategy.

Regards
VJAY

Dear Vijay,

You need to check price at 10:30 AM with opening price i.e. price at 10.30 - price at opening > 20 means trend is up so buy call at S1 else but put at R1.

So, if opening price is 4250 and price at 10:30 AM is 4282 then, it means trend is up by 32 points so buy call at S1.

Regards

 

[VJAY]

Dear Vijay,

You need to check price at 10:30 AM with opening price i.e. price at 10.30 - price at opening > 20 means trend is up so buy call at S1 else but put at R1.

So, if opening price is 4250 and price at 10:30 AM is 4282 then, it means trend is up by 32 points so buy call at S1.

Regards

Dear Ghosh,
Thanks your replay.If price is 4250 and price at 10-30AM is 4210 then it mean trend is down by 40 pts so buy Put at R1 .I am right?
If then at 12-30 trand chaged opposit to 10-30 then what we do?

Thanks & regards
VJAY

 

[awachat]

Hi awchat
"16th P4500 9:55 450 Sold 405.00"
I not understand the above your statement on pdf file.Please clarify me
Are you taking positions to next day?
If at 12 pm the difference between 10-30 -12 is 19 then what can we do?Is sell C4100 and buy P4500 is it right?

also please clarify if 10-30 & 12-30 time takeing then why this 10-45 & 12-45.

Regards
VJAY

Hi Vjay,

Thanks for your comments.

Now I have added one more line now you will understand transactions. Please check attach file.

Please check my comments inline:-

If at 12 pm the difference between 10-30 -12 is 19 then what can we do?Is sell C4100 and buy P4500 is it right?
>>> I am checking the difference between 10:30 and 12:45, I set 12:45 because Europe market (France) get open at 12:30 and I have seen our market changing trend similar to Europe market 90 % so give 15 minutes more and confirming trend.

 

[VJAY]

Dear Ghosh ,
I am still confused in finding the trend.I read your strategy many times now.so please clarify following examples.
1.4231.95(open)-3997(10.30) =234.95 pts.its >20pts .Here what can we do?
2.4100(12.30)=3pts.here what can we do?
3.4231(open)-4300(10.30)=69 PTS here what can we do?

Is trend is diffrence pts from open and 10.30.if up then buy call if down buy put.
Please clarify me.

Thanks and Regards
VJAY