Guys post your daily trading status

Depends on how serious you are about trading options.

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I started learning the option basics using varsity for now & will check sensibull resources too. While doing some search on this forum, I found that maximum traders believe in selling options & prefer doing that only. Is is too bad to buy options? I mean, the actual benefit of options trading is in selling only or someone can do well with buying them also?
I know its a broad question, but just wanted to know from the experienced traders that what they think & share some experience on this :slight_smile:

Options is one among several financial instruments. Each financial instrument is designed for a particular purpose. Options are designed to be an insurance.

Now think about this… How is an insurance product structured? Do you think you can keep making money by buying insurance or selling insurance?

I agree that insurance products also face payouts. Same applies to options as well.

People make money on both sides. But think about the odds.

You should choose the right kind of fiancial instrument to trade based on your temperament.

I hope this perspective helps.

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Hi,

I am very serious for option trading. At present, I am a learner and learning things from sensibull’s free tutorials.
I have quite good capital and want to trade with plan.

Any advise from you will be really beneficial for me.

Thanks.

Check out https://web.sensibull.com/advice

be caution in market there is a trap in high in nifty , this is the point FII will sold the reason is overbought , retail will buy this point reason market is in high, emotonally retail will think go high oh high

FII will sold / Retail will Buy = bearish in nifty :rofl::rofl::rofl:

Reason - there is no money rotation in the country , there is no logic market want to go up , i will stay away from buying

I deployed strategy slightly bullish cum bearish strategy

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@Riyas_Ahamed , If you don’t mind can you share your strategy which could be helpful for the retail traders.

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Learnt hard lesson today with nifty changing from deep Red to deep Green in the last hr of trading session. (Nifty gained 100 points) without much favourable logic. All my positions got converted from green to red.

What have you learned ?

As I noticed, there is much volatility in starting 1 & half hour and ending 1& half hour.

So if u r in profit then close it before the last 1 & half hour. In last 1 & half hour, see the trend & then trade accordingly.

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Market ll screw one’s logic and assumptions. This is the way.(refer the Mandalorian :grin:)

We can only prepare for the worst, every single trade.

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Market doesn’t always make such fast U turns. Yesterday though the overall market was volatile since opening bell.

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skip this expiray an FMC meeting dont trade expiray my opinion market will swing high

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Recovred today…But Again today Banknifty got crazy, lost 200 points in 10 mins during closing session…need to be extremely cautious with intraday trades

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i told two days before market will go down there is no reason to go up its want to come down , short position created two days before today booked profit of 30K

this is the time accumulate bankbees slowly when the recover happen bank bees will fly i like this kind of correction going forward , dont trade bank nifty future , its dangerous , buy bank bees on every dip

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30K, awesome… That too with option writing or buying?

only writing no buying , i write the call option in nifty , sbi bank , bank nifty , i feel these are overvalued , through only news these thing went up there is nothing special,

Yes bank fair valuse is 35 only , through the news people are gambling in yes bank after 10 years also yes bank will nevere cross 100 because promoter holding is very less , these bank is not very famous for retail section , fundamentally yes bank is very week near term the stock can touch 100 again it will fall to 50 to 55 when aall the news finished yes bank want to be in COMA for 10 years price rage 50-100 only , so stay away these kind of stock

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More than 4 years as a full time trader now i got full comfortable in stock market , i seen all up and down in the market , most of these time i learn about how to convert loss position in profit through adjustment in option trading , you know one thing ,
I am happy to invest in CASH Market
I am happy to trade in OPTION Market
I really Fear to trade in FUTURE market
I never try to trade in INTRADAY
These strict rules keep me to stay and living in stock market

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Begineer and greed trader

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:rofl::grinning: