are you being sarcastic? then fine else I am worried abt you ...
There is nothing wrong in
@Raj232 's post. He clearly told that it is the theoretical profit potential. Many have reacted to the post.
Let me clarify that it is very much possible. Any price action trader could have figured this. This week I actually traded the 1st trade and 4th trade marked on that chart. It is a mere coincidence that I traded the same scrip. The first trade actually happened on Wednesday while the fourth trade happened on Thursday. It was not like on single day that he suggested. I did not make the potential profit that was estimated in his post because of the following reasons:
1. I traded only two of those trades and not all the four. (That was my inefficiency)
2. I did not trade the complete range of the swing. (That is because of the slippage. Also add in my inefficiency.)
3. I trade only one lot and not 4 lots to start with as suggested by him. (That is because my money management rules do not permit me for more.)
4. I do not increase the size of later trades because my trading equity increased due to my earlier trade. (This is due to my risk management rules)
Elsewhere
@Raj232 also suggested that introduction of daily option cycle could give more opportunities. I disagree with this point because that could potentially smoothen out daily closing prices and thereby reduce the swing size. Weekly options are good enough.
I generally trade cash segment shares. But occasionally, I apply my price action learning to futures and options as well.
No reason to make fun of his post. He is just sharing his views. I guess he must have traded some of those legs too.
