I am thankful to my readers for their support at all times. It was real humble experience to know that so many care for you. Yesterday’s check up went well. The vision in the left eye is now perfect. I may go for the surgery on the right eye next week or sometime later. That will be decided in another two days.
Now with the vision restored let us hope we find the path to profit once again.
Our journey in the quest of profit has turned into a walk in the dark not knowing where we are headed. Let us now see the light at the end of the tunnel.
In some comments few months ago, this pursuit of profit through options buying was termed as foolishness.
I fully understand that.
Most of the journeys which follow a different path are called foolishness. Every big achiever was called a fool at some point of time. I have not achieved anything big so far, maybe I will be called a fool for a much longer time.
But dear readers, fools or the wise men , market does not differentiate between them. Neither does life.
If option buying is not making money, I have not seen many people making money by selling options too.
Wisdom has its advantages when the journey and the path is defined. For an unknown quest, fools and wise men have an equal chance to flounder or flourish.
We stay foolish and stay hopeful.
Trades for November Series:
The data of last 30 days gives me some trades quite easily. But the SGX NIFTY indication of 99 points higher opening brings in some doubts. On top of that we have the shadow of Trump – Biden showdown.
These events have impact for a day or two and then it is back to the daily grind.
So we take our chances.
BRITANNIA , EICHERMOT and SUNPHARMA are the three stocks which have been weak over 30 days and 7 days.
The weakest stock has been RELIANCE but a whipsaw move can hurt very badly there. So not taking a trade in RELIANCE.
We look for BRITANNIA PUT 3300 @ Rs. 48-50. Lot size 200 Risk — Rs. 10000.
EICHERMOT PUT 1900 @ Rs. 36-38. Lot size 350 Risk — Rs. 13300
SUNPHARMA PUT 440 @ Rs. 8.80-9.00 Lot size 1400 Risk — Rs. 12600
Let us see what trades are actually carried out and where we stand at the end of day.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.