I was busy in Holi festival so could not go through the posts properly, and replied earlier posts in a hurry.
So far enough discussion happened.
Now I donn gonna reply anybody about any f***** query regarding my strategies in this thread.
It is strange to note that some forum members dont have patience to go through all the posts, and simply passing their valuable comments reading a single post. Like Pkusingh.
Nobody has time to go through the entire thread or trading positions. The trades were :-
Dated 01 Feb 10.
When the position was in loss due to some negative bias in the market I had given the call to hedge position on the next day on dated 02 Feb 10 @ closing hours. Idea was to recover the losses to a certain points.
Now how the questions are arising whether covered call is profitable or selling naked puts
. when one have an open long postiton how it can be considered another naked put writing? Also I have already mentioned that my idea was not to trade only for premiums. If that should have been the idea I should have written a Call or put.
Now the initial questions were :-
And when I replied to kindman this gentleman (pikusingh) simply jumped upon me and questioned about my silliness. He has joined just now having couple of posts to his credit in this forum, and dont have idea about our relations ...with kindman. Mr singh should have learned from the word "Bayya" . He is just like my younger brother. We have chatted several times in ym, and I know this guy is a genuine trader. Also in the past his id was used by his little sister. So I was wondering about silliness. Jumping in something without the known facts called stupidity Mr pkusingh.
........time and again I have learned the humbleness and controlling myself. Otherwise I should have replied u in the same manner for the words u have used like bull **** etc.
if u wanna check my past profile check it here.
http://www.traderji.com/members/dev-mookerji.html. I know bullshit better than u.
It seems I have to stop my trading here itself, have to learn basics of options that what is called covered call, then again I have to reply why it is covered call? why not put writing?
Then again question may arise why it is Sail why Not Tisco? Then again one may ask why it is Feb why not March and so on.
Enough is enough. Thanks for spoiling my day.