Hi,
I was very attracted towards the options around 3-4 months back.
The reason being they were cheaply available and the profit was unlimited but the loss was limited.
This line "Profit unlimited and loss limited" screwed my trading account balance.
I lost almost 21000 rupees in just 3 months after trading in options that too all in options.
Please dont trade this bad contract.
It looks good from far but is very bad and dangerous.
Even if you want to trade it trade only on the last 2 days of expiry. During that time only you can gain profit.
Rest is your decision.
I dont want any newbees to come and end up their Trading account balance.
I was very attracted towards the options around 3-4 months back.
The reason being they were cheaply available and the profit was unlimited but the loss was limited.
This line "Profit unlimited and loss limited" screwed my trading account balance.
I lost almost 21000 rupees in just 3 months after trading in options that too all in options.
Please dont trade this bad contract.
It looks good from far but is very bad and dangerous.
Even if you want to trade it trade only on the last 2 days of expiry. During that time only you can gain profit.
Rest is your decision.
I dont want any newbees to come and end up their Trading account balance.