Want to learn Options Trading

Karuna · #1 23rd September 2005, 11:11 PM

Hello all,

I have been trading in options since Nov last year. The first 7 months were absolutely profitable, but since June I have been suffering only losses. Being a part of this forum and of course after the losses suffered, I have realised that I should put in much much more of study than I have done till now, which has been, I admit, near to nil. I have now decided to start studying and wish to find like minded souls who can be my co-students where we can go on the road of learning by helping each other.

Of course I also want to request seniors who can guide us with their valuable lessons and lead us on the road. Where should one start ? What topics ? There is so much information around it is really confusing, I really need to know how to go about it step by step.

Karuna

usha · #2 23rd September 2005, 11:19 PM

Quote:

Originally Posted by kravindran

Hello all,

I have been trading in options since Nov last year. The first 7 months were absolutely profitable, but since June I have been suffering only losses. Being a part of this forum and of course after the losses suffered, I have realised that I should put in much much more of study than I have done till now, which has been, I admit, near to nil. I have now decided to start studying and wish to find like minded souls who can be my co-students where we can go on the road of learning by helping each other.

Of course I also want to request seniors who can guide us with their valuable lessons and lead us on the road. Where should one start ? What topics ? There is so much information around it is really confusing, I really need to know how to go about it step by step.

Karuna

Hi karuna,
I too share the same feelings. You have atleast traded in options from past 7 months but till date I have traded only in futures stocks/index and cash. I really donot know how to go about options. If we find anything useful let us share and learn together.
Bye,

usha

Karuna · #3 23rd September 2005, 11:50 PM

Quote:

Originally Posted by usha

Hi karuna,
I too share the same feelings. You have atleast traded in options from past 7 months but till date I have traded only in futures stocks/index and cash. I really donot know how to go about options. If we find anything useful let us share and learn together.
Bye,

usha

Hi Usha,
Ok, so lets get started, I began with
http://www.cboe.com/LearnCenter/Tutorials.aspx

where u can get the option basics.

Karuna

AMITBE · #4 24th September 2005, 12:01 AM

Hi Usha and Karuna...this is link to the NSE publications sction. You may find some useful information specfic to the Indian derivative trading.
Hope it helps.
Regards.
http://www.nseindia.com/content/pres...blications.htm

just4trades · #5 24th September 2005, 12:07 PM

Hi all ..

Here are some links that should help u start off :

http://www.optionscentral.com/

http://www.nothingbutoptions.com/education/default.asp

http://www.investopedia.com/university/options/

Hope This Would Do.

Regards.

rajib333 · #6 24th September 2005, 01:24 PM

hi,
i am with the option trading for a long time.

My first understanding in option came from hdfcsec.com faq section.

If u people r newbie it may help you a lot,as it is described in the simplest
manner.
BTW if u need help u can ask me anytime.

best regards,
Rajib.

Karuna · #7 24th September 2005, 02:31 PM

Quote:

Originally Posted by rajib333

hi,
i am with the option trading for a long time.

My first understanding in option came from hdfcsec.com faq section.

If u people r newbie it may help you a lot,as it is described in the simplest
manner.
BTW if u need help u can ask me anytime.

best regards,
Rajib.

Hi Rajib,

Thanks for your response. Can u give some tips as to how I can recoup the huge losses made thanks to the recent carnage

All my options are now worth less than a rupee

Last month I was contemplating selling nifty options on the last day. Do u think I can do that this month ? Quite desperate to recover !

Thanks,
Karuna

usha · #8 24th September 2005, 04:22 PM

hi everyone,
Nice to have the choicest of best hearts like serniors around who are eager to help juniors with their knowledge, and other members who are ready to share their hardearned secrets with unknown people like me

Thanks for all in giving good sugestions for options trading. Please continue your good deed.
Bye
usha

vijaynair · #9 24th September 2005, 10:46 PM

Hi Everyone,

I have ben doing options trading for last 1 year. I follow my instincts and news items and market sentiments. I will not write any options at any cost.

Here is what I do.

a) I will decide what money I am prepared to loose, if my asumption went wrong. (Say 12000)
b) Now I will look and identify 2-3 scripts which I can trade with this amount i.e. 10000.
c) Suppose, I think next month SBI will fall from current 890+ to about 820 or below, I will buy a put of 850. If the market behaves as expected I will gain from it. However, I will exit the option when the price of the option is (+ or -) 50% of my buying price. And I may reenter it if my assumption still hold good, but on lower strike price.

Like this I will play maximum of 3 options at one time. (It helps to monitor more closely and decide on change over tactics)

I will try and buy option in the first week of the month and close it by 2nd week end. I will try not to carry it for end of the period unless the market is still in the direction of my assumption and I have gained from other options.

Regards,
Vijay

dilip2k · #10 25th September 2005, 02:15 PM

Hi,
Nice to see ppl interested in options trading. I trade only options and find them the most profitable instrument I have traded in my 17 years on the markets.
Pls email me at dilip2k@gmx.net if you are interested.
regards,
Dilip

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