@Coolbull
How big is your current portfolio?
What kind of criteria did you use to divide your portfolio into the different option strategies you trade?
What kind of underlying fact/s did give/gave you the road/s to split your current portfolio into different short time option strategies, as you tell that you at the moment trade all those different strategies at the same time?
Take care / Dan
hi! Nice to see one of the gems watching this thread....are u and danpickup same person...???? sorry to ask something this silly......
When big boys are watching that is good and bad as well...... thanks for stopping by and asking.....
well my current portfolio is nil.... i mostly trade in futures nifty /banknifty.....very few lots.....enter as a scalper book losses as a scalper but as soon a get the right trade ... i try to ride it for intraday even for weeks and if needed add to it.....
well my earlier days was foolish and late learning.... i use to keep my lossing positions with me and even use to avg it....won many and lost many with just hope of getting a break even.......
now if needed i hedge my all positions......
but yes i account i am handling has good valuation and is very healthy portfolio...i try all my strategies with some of those account .....offcourse i am allowed to do so..coz i am saving them lot of lot and earning for them....
at this moment few strangles,pair trades and calender spread are active...
i do scalping and positional pair trading or strategies....I dont keep calender spread for a long time i never get proper risk/reward or u can say i am afraid of worst condition, as soon as i get 20-40 point prf i get out based on my gut feeling.....
many account have more stock holdings that 5-7 digits since ipo.......
for money management i have different strategies for different account based on the person financial background,risk appetite and my personal relations. Most of the time i have to control there enthusiasm....some even say why i keep stop loss as there trade gets cuts off they dont like safe trades but some has different story...
Yes i trade most of the pair trading at a time i already has a plan for each and every trade....so account allows me to hedge/repair losing pairs some don't , so i simply cuts off.
for my personal account, my risk is 2-3 % percent per trade.....I earn more than 25% per annum on my trading account.... thanks to pair trades of other account.
In all account one thing is common , if my futures be it stock or index is in profit i change my hedge or risk reward for the pairs active in those account..... like few days back i cuts off some lossing pairs but at the same time that account has profit making future and strangle active...i closed strangle yesterday in prf........in other account same situation but account had huge risk level so had long straddle... i closed straddle yesterday in prf
so things i do is impromptu as well....i Learned from this forum...
i am not in liberty to write more about those thing....hope you understand....