new@TJ

#1
Hi guys,
I have only bookish knowledge of the mkts. Registered here solely with the purpose of learning. Would like to start by humbly seeking advice from seniors as to how to tread the path ahead so as to not get nipped at the bud. I do not expect to be spoonfed but would highly appreciate some initial direction providing.
Thanks.
 
#2
Hi guys,
I have only bookish knowledge of the mkts. Registered here solely with the purpose of learning. Would like to start by humbly seeking advice from seniors as to how to tread the path ahead so as to not get nipped at the bud. I do not expect to be spoonfed but would highly appreciate some initial direction providing.
Thanks.
Hi

and welcome in the forum. As you ask for advice, you may be a bit more precisely in what direction you need advice, as there is stock-, option-, future-, forex-, commodity- and ETF trading. There is a cash market and there is a future market. There is swing trading, there is positional trading and there is intra day trading. There is TA, there is money management, there is risk management and there is trading psychology and so on and on. If you have a specif topic in mind, you can also use the above search tool you see in the leading band when opening this page.

So kindly let us know which path you would to like to go ahead (share-, option-, future-, commodity- or ETF trading) and you will be leaded to where you like to start.

Take care :)
 

manishchan

Well-Known Member
#3
Hi guys,
I have only bookish knowledge of the mkts. Registered here solely with the purpose of learning. Would like to start by humbly seeking advice from seniors as to how to tread the path ahead so as to not get nipped at the bud. I do not expect to be spoonfed but would highly appreciate some initial direction providing.
Thanks.
This is the best thread to start with if you are a beginner.

http://www.traderji.com/beginners-guide/9373-new-members-please-read.html

All the Best !! :thumb:
 
#4
Hi

and welcome in the forum. As you ask for advice, you may be a bit more precisely in what direction you need advice, as there is stock-, option-, future-, forex-, commodity- and ETF trading. There is a cash market and there is a future market. There is swing trading, there is positional trading and there is intra day trading. There is TA, there is money management, there is risk management and there is trading psychology and so on and on. If you have a specif topic in mind, you can also use the above search tool you see in the leading band when opening this page.

So kindly let us know which path you would to like to go ahead (share-, option-, future-, commodity- or ETF trading) and you will be leaded to where you like to start.


Take care :)
Dan...bro....I think you should refer him first cash market...for learning.....:thumb:
 
#5
Dan...bro....I think you should refer him first cash market...for learning.....:thumb:
Oh, sorry forget to mention that in the last line of my post. Thanks to bring it up. Take care :)
 
#6
Thanks. Though my knowledge is inadequate would like to remain in equities for the first one year. Awaiting your further instructions. Thanks once again.


Hi

and welcome in the forum. As you ask for advice, you may be a bit more precisely in what direction you need advice, as there is stock-, option-, future-, forex-, commodity- and ETF trading. There is a cash market and there is a future market. There is swing trading, there is positional trading and there is intra day trading. There is TA, there is money management, there is risk management and there is trading psychology and so on and on. If you have a specif topic in mind, you can also use the above search tool you see in the leading band when opening this page.

So kindly let us know which path you would to like to go ahead (share-, option-, future-, commodity- or ETF trading) and you will be leaded to where you like to start.

Take care :)
 
#8
Hi
I do not seem to have the thanks button. Could someone help.
Sharan
Hi Sharan

There is no thanks button in this section and we also post with out expecting any thanks for it. So do not worry about that.

About your interest in equities: Post your question about how to start in equities in the following thread: http://www.traderji.com/fundamental-analysis/83534-stocks-long-short-term-portfolio.html#post780653 as I am not in equities. Jamit is a very friendly and much respected member here in the forum and he trades also equities. I am sure you will be leaded to the right thread/s from him or others who visit his thread regularly. There are many here who are doing equities, so you will get your help. I am more in O&F in an other market, so not can help you in that case.

Take care :)
 
#9
Hi,
Could you help me with options. The one reason I am asking for guidance in options is because I gather from the last few days of surfing that it requires less capital and also max losses are defined. However it also appears that people bleed the most in options.
Thanks.




Hi Sharan

There is no thanks button in this section and we also post with out expecting any thanks for it. So do not worry about that.

About your interest in equities: Post your question about how to start in equities in the following thread: http://www.traderji.com/fundamental-analysis/83534-stocks-long-short-term-portfolio.html#post780653 as I am not in equities. Jamit is a very friendly and much respected member here in the forum and he trades also equities. I am sure you will be leaded to the right thread/s from him or others who visit his thread regularly. There are many here who are doing equities, so you will get your help. I am more in O&F in an other market, so not can help you in that case.

Take care :)
 
#10
Hi,
Could you help me with options. The one reason I am asking for guidance in options is because I gather from the last few days of surfing that it requires less capital and also max losses are defined. However it also appears that people bleed the most in options.
Thanks.
Dear Sharan

If you want to go into options and have never traded them before, you can do it at begin only on paper and if not on paper but with real money, do test trades only with one lot long far otm options which are at least 30 to 60 days away from expiry, so your loss will be minimized in case they fall to zero. Do not try short option strategies at the begin of your option trading, as they contain a high/er risk compare to what I just told about long options.
Your comment: Max losses are defined depend deeply on how you define your stop loss, on how you handle your stop loss and if a stop loss is set in the market if it is triggered when needed. Other wise you can also lose your shirt and pen in a short time with options in the worst case scenario. This specially with short option. To avoid such moments in any way you go, as told at the begin of this post, only for long far otm options, as there the risk is very low but profit potential can under certain circumstances be high. Here you even can do test with real money if you want. If you do test's with real money already at the begin you will learn to deal with the broker, you will get to know the real feeling when you have real money in the market, you will get to know your order possibilities with the broker and you will get a real feeling about trading and not just some kind of artificial feeling about doing a paper trade. I was thrown into the water from the begin I started option trading, even I did not understand in dept what options are. I was thrown into the water so quick because of the above mentioned reasons.

Now I will give you an example of a low risk trade you can start trading now. The option is at the under limit of the time frame from 30 to 60 days far away from expiry. You could buy the Sept 8400 call, which is far out of the money and cost only 6.70 Rs at the moment. If market moves 100 point up, your call will be at 13.00 Rs and if market falls down 100 point your call will be 3.70 Rs. This calculation is valid today and will look different in two weeks. Your maximal loss would be 6.70 Rs and your profit potential could be a 100% if lucky, as you have to consider the option greeks as your enemies. And they are called Vega and Theta. Here in this trade your stop loss is your investment of 6.70 Rs plus commission you pay to the broker. This trade you execute when ever you want as it is just a test drive to get the real feeling. You can do such test drives for quit a while and beside that you read or inform your self about how options can be traded. So you do two things at the same time and you surely will have more fun by doing so, as you already did your fist bay steps in the real market with real money. :):)

Still: The above is just to give you one little, absolute simple idea about how you could start with real money in option trading. I not can and will take any response for what you do nor does any body else here in the forum. So all is your choice and I only can tell you about my experience and nothing more and nothing less.

By the way: There is a lot of stuff in the forum about options, as I am not a spoon feeder. It will take time to read through that. There are whole threads who spot at options as one topic and there are threads which do more or less spot on one or two strategies.

Threads who spot on them as one topic:

http://www.traderji.com/options/92743-options-my-way-looking.html#post941872

http://www.traderji.com/options/305...ading-strategy-option-spreads.html#post333541

http://www.traderji.com/options/66266-option-trading-danpickup.html#post639903

Threads who spot specific on some option strategies:

http://www.traderji.com/derivatives/95164-options-all-seasons.html#post994329

http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj.html#post834078

http://www.traderji.com/options/94802-nifty-calender-spread-calls-puts.html#post985892

http://www.traderji.com/options/74905-advanced-nifty-option-strategies.html#post733503

There is more stuff from many good members here, so could just post some of the many threads you can find here. But as longer as you are in the forum as more you will know where to find all those threads.

Take care / Dan :)