Hello

#1
Helio friends,
I am very new in stock market. apart from my salary i wanted to earn extra money so my friend told me to try my luck in option market with small amount. althought return is very high but chances of loss is more.
i found buy investing 5000-6000 ( by buying nearest call/put) i can earn 1000-1500 daily. unlike option market in equity one have to hold for long period of time.
though i earned sometimes i lost very high amount as i am new in this.
can somebody advice to understand nifty and how i can book atleast 400-500 profit daily.

Vineet
 

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Active Member
#2
Hi,
Options are a derivative of the stock market. They are based on the underlying price of a stock and include such things as cost of time and cost of volatility of the stock price. From my understanding they were designed as hedging when holding a stock for the long term but can be traded on their own now.

Yes, you can make a lot of money in options...... IF you know what you are doing. IHMO Options is running before you have learned to walk, actually before learning to crawl even.

I would suggest you learn the basics first. When you are able to understand trading with the trend and make money from the underlying stock, you will be better placed to start trading options. Look for the thread by Saint called Teach a man to Fish. After you practice identifying trends, support, resistance etc. then there are other tutorials on Options you can follow.

Usain Bolt can make milliions simply by running, I can run but I won't make the same millions as he, because I'm not prepared to put in the time and massive efforts over many years to get to the same level of fitness and strength that he has. Are you prepared to put in the hours and years to learn the basics and practice to become a great options trader?

Hope this helps.
 
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