Cachu, please go through guide, this will give you some perspective on why writing/shorting is being done.
Options Shorting/writing
Options Shorting/writing
sold banknifty oct 16000 call rs 133 whT to do
- Thread starter greatgk
- Start date
if u are uncomfortable with trade... Get out of trade
remember Jesse livermore and one should get out @ 10% loss or max 20% loss ...
options are designed to take your 100% money
expect the worst hope for best
damm just saw the rate of yout call... i am sorry for your loss... next time try to keep mental stop loss of 20% and get out at 20% loss .it doesn;t makes sense to hold loss beyond that else u loose all money u got .
Never meet a margin call :xD day u get margin call warning from broker u are on wrong side
remember Jesse livermore and one should get out @ 10% loss or max 20% loss ...
options are designed to take your 100% money
expect the worst hope for best
damm just saw the rate of yout call... i am sorry for your loss... next time try to keep mental stop loss of 20% and get out at 20% loss .it doesn;t makes sense to hold loss beyond that else u loose all money u got .
Never meet a margin call :xD day u get margin call warning from broker u are on wrong side
its now 335.65!
I know what you can do
Wish the other person who bought your calls a very very happy diwali!
and happy diwali to you too, look at your calls they did exactly what a diwali rocket would do... burn your money and go up!
just make sure you are not celebrating diwali too often like this, once in a while its fun!
On serious note: get out of not only calls but entire option thing, its a trap for novice traders!
Trade profitably in stocks and futures, once you master it then slowly dip your feet in options.
I know, it feels like am asking you to stop taking an airplane and take bicycle to reach your financial goals, but....
<the rest of the passage is intentionally left blank for trader's destiny to fill>
I know what you can do
Wish the other person who bought your calls a very very happy diwali!
and happy diwali to you too, look at your calls they did exactly what a diwali rocket would do... burn your money and go up!
just make sure you are not celebrating diwali too often like this, once in a while its fun!
On serious note: get out of not only calls but entire option thing, its a trap for novice traders!
Trade profitably in stocks and futures, once you master it then slowly dip your feet in options.
I know, it feels like am asking you to stop taking an airplane and take bicycle to reach your financial goals, but....
<the rest of the passage is intentionally left blank for trader's destiny to fill>
It seems like this post is revealing the sadist part of our persona, (as they say your fellow trader would be more happy when you are losing money rather than when you are making money)
as most of the people have ridiculed the post starter mostly without providing any convincing solution
question is, haven't we been through this phase ? or were we knowing everything from the day first itself ?
IMHO if someone is coming with a genuine problem, whether stemmed out of naivety or ignorance or inexperience, guiding him with a genuine answer could be more meaningful and significant rather than mere ridiculing
as most of the people have ridiculed the post starter mostly without providing any convincing solution
question is, haven't we been through this phase ? or were we knowing everything from the day first itself ?
IMHO if someone is coming with a genuine problem, whether stemmed out of naivety or ignorance or inexperience, guiding him with a genuine answer could be more meaningful and significant rather than mere ridiculing
its now 335.65!
I know what you can do
Wish the other person who bought your calls a very very happy diwali!
and happy diwali to you too, look at your calls they did exactly what a diwali rocket would do... burn your money and go up!
just make sure you are not celebrating diwali too often like this, once in a while its fun!
On serious note: get out of not only calls but entire option thing, its a trap for novice traders!
Trade profitably in stocks and futures, once you master it then slowly dip your feet in options.
I know, it feels like am asking you to stop taking an airplane and take bicycle to reach your financial goals, but....
<the rest of the passage is intentionally left blank for trader's destiny to fill>
I know what you can do
Wish the other person who bought your calls a very very happy diwali!
and happy diwali to you too, look at your calls they did exactly what a diwali rocket would do... burn your money and go up!
just make sure you are not celebrating diwali too often like this, once in a while its fun!
On serious note: get out of not only calls but entire option thing, its a trap for novice traders!
Trade profitably in stocks and futures, once you master it then slowly dip your feet in options.
I know, it feels like am asking you to stop taking an airplane and take bicycle to reach your financial goals, but....
<the rest of the passage is intentionally left blank for trader's destiny to fill>
http://www.traderji.com/members-discussion-forums/95297-very-important-notes-newbies-traders.html
*ahem* sadist speaking here
How come wishing someone happy diwali as you paid his profits is sadistic! I thought it's like being jesus
'blessing the person happiness even if you got hurt a bit' or like a great sportsmanship congratulating the team just defeated you! How is it ridiculing when one tries to point out the accurate level dumbness without diluting it (like a doctor saying to cancer patient, it's just headache take this pill...). How is it less helpful, that pointing out the truth with some useful solution (i.e master trading first and options next as options trading is built on top of trading psychology + with weird math).
what about the same thread starter/you get a windfall profit, how will you guys will be feeling and acting?
I suppose you guys are going to feel awful and transfer all your profits back to the losing person (certainly the losing trader will be glad to get his monies back).
People don't see things as things are but as people are!
How come wishing someone happy diwali as you paid his profits is sadistic! I thought it's like being jesus
'blessing the person happiness even if you got hurt a bit'
or like a great sportsmanship congratulating the team just defeated you! How is it ridiculing when one tries to point out the accurate level dumbness without diluting it (like a doctor saying to cancer patient, it's just headache take this pill...). How is it less helpful, that pointing out the truth with some useful solution (i.e master trading first and options next as options trading is built on top of trading psychology + with weird math).what about the same thread starter/you get a windfall profit, how will you guys will be feeling and acting?
I suppose you guys are going to feel awful and transfer all your profits back to the losing person (certainly the losing trader will be glad to get his monies back).
People don't see things as things are but as people are!
Last edited:
Similar threads
-
-
If I sold a naked call and put in banknifty at far OTM strike - how should I hedge it?
- Started by curiousv
- Replies: 11
-
-
-