OptionsNIndianCurrencies
- Thread starter reddyvs
- Start date
Hi Mr. Reddy,
Nice to see new thread starting with such experienced person. So what is purpose to start this thread? You wrote you are doing trading in options and currency, so anything you can share would be really appreciated.
I am also doing equity trading (positional) from 2009 but I recently started NIFTY options intraday and currency trading USDINR/EURINR. But not successful. I already lost 30% capital.
Below is my today's experience about NIFTY Options intraday.
I am doing good with Equity positional trading. But I want to do intraday options and currency trading. Not sure what I am doing wrong here? How do you decide whether to buy Call or Put and what strike price to choose. Any suggestion, strategy would be greatly appreciated by senior members.
Nice to see new thread starting with such experienced person. So what is purpose to start this thread? You wrote you are doing trading in options and currency, so anything you can share would be really appreciated.
I am also doing equity trading (positional) from 2009 but I recently started NIFTY options intraday and currency trading USDINR/EURINR. But not successful. I already lost 30% capital.
Below is my today's experience about NIFTY Options intraday.
- I have bought NIFTY options 8650CE with price 75.90 at 9:23 AM with target 80 and stop loss at 70. My stop loss triggered at 9:38 AM.
- Seeing NIFTY going down I bought 8550PE with price 56 at 9:43 AM with target 60 and stop loss 50. Even NIFTY was not going up or down much, options was fluctuating at down side and my put got sold by stop loss at price 50 at 10:03 AM.
- Same way doing currency futures also, but losses are less compared with options trading. Any currency strategy will be also helpful. But not sure if any indicator will work with currency as it is less volatile at least USDINR.
I am doing good with Equity positional trading. But I want to do intraday options and currency trading. Not sure what I am doing wrong here? How do you decide whether to buy Call or Put and what strike price to choose. Any suggestion, strategy would be greatly appreciated by senior members.