beginers option help

#11
@Tushar158

That is a covered call with uncapped risk and capped reward. Calling it a safe strategy in front of a beginner or to a beginner or even to advanced traders is not really a clever thing to do so, as you not even explain how she/he has to set his stop losses, what to do when the stop loss is not filled and what to do when after the stop loss the market gets whipsaw and so on. Just telling with so little information that she/he surely will make 50 points is a bit out of a good recommendation.

If you are so sure about the 50 points, why not open a thread about it and lets see how people will praise you in the future about that. I mean: Each time you recommend a new trade and 50 points are guaranteed, wow, wow, you will be soon a star and have your foot prints made in stone in the trading hall of fame from TJ.

Take care and I really hope to see soon that thread from you, so TJ members can learn from you.

Good trading / DanPickUp
Dan Pick Up sir , im just working about his strategy , i clearly working his both
trades . please tell am i rite. the delta for in the money usually be .6 , then premium wolud be raised more than points i get from furure , is my calculation rite?
 

DanPickUp

Well-Known Member
#12
Dan Pick Up sir , im just working about his strategy , i clearly working his both
trades . please tell am i rite. the delta for in the money usually be .6 , then premium wolud be raised more than points i get from furure , is my calculation rite?
Depends how deep in the money your option is. But do not make such games on the level you are now. Start with pairs or with clear rules for positional option trading with otm options. As a begin, that will be fine and you still can sleep at night and have a nice meal with your wife in the future.

Take care and as always: Your choice, your money, your live / DanPickUp
 

Mr.G

Well-Known Member
#14
Thanks DPU sir, expect you more from you tomorrow sir . thank you very much .:clap::clap:
Dan's comments are like prashad. You don't get it everyday. He's one of the most experienced and well respected option traders on the board.
 
#16
Hi Shiva,

Selling a Call/Put along with buying the same would make sense.

Selling Call - most do not prefer, however, I guess this plays an important part in a strategy along with Buying Call/Put.

Seniors please pitch in......

Is Selling Call recommeded...........AW10 was very much favourable in his thread selling a Call
 

DanPickUp

Well-Known Member
#17
Thanks DPU sir, expect you more from you tomorrow sir . thank you very much .:clap::clap:
You should read such posts and threads: http://www.traderji.com/books/88948-reminiscences-trade-learner-journey-become-pro-5.html#post846415 beside what ever you want to learn about trading. Why? At the moment you have what you need you think you need to invest money, that level will come to you in case you did not pass that level it in the mean time.

Good luck / DanPickUp
 

DanPickUp

Well-Known Member
#18
Hi Dan,

Any simple strategy for beginners explained easily will be really helpful.

Expecting the same from you - please explain the same if time permits

Thanks in advance.....
Do not expect any thing in any free forum. Never do that. Hope you got the point.

As you mention AW10, pair trading was his thread. So all is already posted and I not need any time to start again with that.

Here an other thread about pair trading: http://www.traderji.com/options/88865-nifty-options-vertical-spread-trading.html#post838993

Here an other thread about pair trading: http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj.html#post834078

Those guys give all the information in your market. So no need for me to spent time on that again.

Take care and only the best trades / DanPickUp
 

Mr.G

Well-Known Member
#20
Do not expect any thing in any free forum. Never do that. Hope you got the point.

As you mention AW10, pair trading was his thread. So all is already posted and I not need any time to start again with that.

Here an other thread about pair trading: http://www.traderji.com/options/88865-nifty-options-vertical-spread-trading.html#post838993

Here an other thread about pair trading: http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj.html#post834078

Those guys give all the information in your market. So no need for me to spent time on that again.

Take care and only the best trades / DanPickUp
I have heard very very bad things about pair trading.
 

Similar threads