Author: Pramod Kumar
July 2019 — Options Once Again — Day 13
NIFTY closed 35 points higher. Number of declining stock was more than the gaining stocks. The biggest contributor to the Index gain was INFY. Otherwise it would have been a flat day for NIFTY. NIFTY gained the points it had lost on Friday. We are back to where we were just two days ago. Such […]
read moreRs. 2000 Options — July 2019 — Day 13
As the expiry date approaches, option premiums are supposed to go down. But the volatility in the market is a factor which is not allowing that to happen. Even with just 8 days left to expiry, premiums continue to remain on the higher side. That is good for the trades we have already taken but […]
read moreJuly 2019— Options Once Again — Day 12
We are entering the critical period of our trades in the current expiry. We just have 5 days left for the trades which are in the Compulsory Physical Settlement category. That is additional pressure. One has to trade with the conditions that exist and this is another restriction which puts us in a position that […]
read moreRs. 2000 Options — July 2019 — Day 12
In today’s post I do not have much to write. On Friday, except COALINDIA trade, other trades went wrong. That is okay. For Rs. 2000 we are buying hope and nothing more. After that it is left to the market. The position on Friday: New Trade : DHFL has come up with poor results. Sometime […]
read moreReview of the week — A Roller Coaster– Missed Opportunities
When we look back at the week gone by it gives us mixed feelings. There were moments when we had the top of the world feeling. Just two days later, we were down in the pits thinking how hard we were hit. Market gives and market takes away and we learn our lessons the hard […]
read moreJuly 2019 — Options Once Again — Day 11
Volatility is a double edged sword. It can kill the enemy and can inflict serious wounds to the holder of the sword. We know this fact. But knowing the fact and being on the receiving end of it are two different things. Yesterday, our trades went from bad to worse throughout the day and we […]
read moreRs. 2000 Options — July 2019 — Day 11
NIFTY ended higher by 84 points and this was enough to cause a set back for our trades. But as the options are very low cost, they can not lose much. The status at the end of the day: We wait with these trades. Anyone of them can turn better any time. New Trade : […]
read moreJuly 2010 — Options Once Again — Day 10
The story yesterday: Question on everybody’s mind now is — Will it bounce back ? Experts will keep on talking endlessly about this support or that. There will be talk of 200 day, 100 day and 50 day moving averages and inferences drawn from them but market will keep on moving whichever way it wants […]
read moreRs. 2000 Options — July 2019 — Day 10
Another day of NIFTY decline. NIFTY was down 57 points for the day. TATAMOTORS went down to Rs. 149.10 and then recovered. We look for another day of fall in this stock. SUNPHARMA did exactly what it did a day earlier. Went down initially and then turned positive taking away our notional profits from the […]
read moreTrading for a living, money management and other issues
On Sunday, I met someone who wanted to quit his job and start day trading for a living. We talked a lot about it discussing the likely pitfalls and chances of success. I am not a great fan of day trading but am not dismissive about it either. I believe that as a trader it […]
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