I am very fresh / raw in trading… 2 month old baby but this month has been quite positive doing stock options and I am pleased yet a bit surprised myself. Since ever I have only heard about how risky and crazy options are.
Over the month I took a little more than 20 odd positions in various options ( mostly call ) and had almost 80% profitable trades. However I am plagued with early exits and due to such couldn’t capture the full depth of the trades. Lost almost 5 lakh due to such exits. I am getting more familiar with studying the underlying assets and trying to improve my entry, exit and hold time calculations.
Would appreciate any input or suggestions that you might have.
Good morning…
Please read varsity and go through some educational videos, so that you are familiar with the basics…
Stock options are riskier due to physical settlement… Implications can be huge…
Please consider your losses first before thinking of profits with any positions…
Never be overconfident with positions, especially naked ones.
Never try to firefight, adjust…but never firefight.
Market is supreme…trying to time it also does not pay that much…
Markets become benevolent…but only for those who know it and don’t stand in front of it…but go with it…
Just my two cents…
Cheers
but this month has been quite positive doing stock options and I am pleased yet a bit surprised myself. Since ever I have only heard about how risky and crazy options are.