Dear callnput Though global cues are positive, our market needs to sustain the gains of yesterday. If the buying counter under NIFTY futures is stronger(say more than two time of selling counter) at the opening seconds today, there will be higher probability that we may trade positive today and the chances of my earlier target of 5450 improved. regards nagu...

Strategies for Budget moves 1.If expecting big move in one way Go long(today)with equal number of 4700 calls and 5100 puts of march series. If nifty moved above 5000, shift your 4700call to 4800(If moved above 5100 shift 4700 call to 4900). Like that shift put on down move. To avoid erosion of time premium, it would be better to close all positions by 10th march. 2.If not expecting big moves... Short MARCH series 4700 put 4800 put 5000 call 5100 calls -2 If nifty moved upward, short one 4900 put. If the move is downward to 4800, shift one 5100 call to 4800. If it moves to 4700, shift another 5100 call to 4600. If it goes below 4600, just shift your 5000 call to Short future. And adjust the positions to keep the optimum level(where we can get highest profit from the positions held)near to spot level till third or fourth week of the month and squire off during last week. 3.Unaware of post budget movements... SELL 4800 put 4900 put 4900 call 5000 call BUY 4600 call - 2 5200 put - 2 (capital required will be around 100K) The long positions are required to tackle more than 250 points move in one side. nagu...

R Money is offering an UNLIMITED TRADING(cash as well as F&O)facility to new clients for first 3 months with just Rs.6000 brokerage (they used to charge Rs15 per lot as other charge)with free trading account. This may be very much useful for the traders who trades in large quantity. If we trade 100 lots a day, it is working out to Rs.16 plus taxes. (Please note that this is only an intimation but not a marketing message) I am trading with RMoney and satisfied with its SUPER TRADE platform. nagu...

Dear Googol sir I totally agree with you that more lots in this options writing will facilitate us to adjust the positions comfortably and can get better returns as well. Below strategy is the postmortem for the JAN series from which Plese find the reasons for your loss in JAN series. 1. From 1st to 18th JAN nifty traded in a narrow range around 5230 and then after drifted gradually to 4850(closing basis). 2. Biggest fall was 150 points. 3. As per your trades the positions at the beggining of the sereis could be like CALLS 5300 5400 5500 PUTS 5200 5100 5000 4. Till 14/15th, nifty traded around that 5200 level and didn`t requied much adjustments. 5. Then nifty started drifting to lower levels. When nifty down to 5100 first adjustment needed was to add one additional call of 5100. 6. When nifty down to 5000, shifting of 5500 call to 5000 and 5400 call to 4900(this ITM is needed due all 3 puts became ATM or ITM). 7. When nifty down to 4900, shifting of 5300 call to 4800 was to be considered. 8. If you were expecting a steep down move from 5000 levels(ie. after your puts became ITMs), you may consider shorting futures(preferably next month)instead of ITM calls for better hedging. 9. If you were expecting further down fall, you have to see the opportunities to come out of your ITM puts. During last week, we get such a chance when nifty surged to 4970 levels during last week. 10. While shorting options, try to keep the optimum level as nearer to spot level on daily basis. 11. Point No. 19 and 24 mentioned in the profile are important while playing with number of lots. The Options Calculator will help us in this regard. 12. When you shorted those 6 lots initially, all the premium collected was the TV(time value)and if nifty closed the series between 5200-5300, entire collected premium would be your profit. If nifty moves beyond that range, some of your lots starts becoming ITMs and the IV (intrinsic value)of those ITMs will start eating your collected premium. Hence, we should collect more premium by shorting more lots or by adjusting deep OTMs to ATM or ITMs and see always that total IV at any point should not be more than the collected premium. Otherwise, we will left wit losses. 13. If nifty is moving with the expected range, no tinkerings are required thus makes he strategy linear. If it starts moving beyond that range in a big way and additional margin is not available, we have to change the style by adding futures or buying deep ITM options basing on requirement. Regarding VAM sir strategy of Buying future of 3rd month and selling of current month calls..... 1. You shorted only OTM calls even when nifty is sliding around 100 points a day. If you shorted the ATMs your loss could be much lower than what it is now. Moreover, when nifty is going down with clear signals, your averaging may be done with a gap of 400 points instead of 200 points move you did.Since your futures are already in red you may also consider shorting additional calls of ATM. Finally i can say that these options strategies will give moderate returns if played properly with good amount of capital with reasonable risk. regards nagu ...

Dear callnput Sorry for delayed reply. I too strongly of the opinion that previous low of 4910 may not be breached in near future. Till DECEMBER 2009 i also felt that the gap of 3680-3920 may be filled with a swift down move. But now i am not expecting any move below 4850-4910 range due to... 1. Domestic as well as oversies funds supply will sustain further eventhough inflation surges to 10% or so. 2. Investors are very much cautious this time unlike during 2007. Hence, panic selling need not be expected on any dips. 3. There is no sign of strengthening of opposition parties like BJP or Communists in near future. present government will continue to be market friendly and will support the markets as and when required. May be the technicals sounds differently. But Finally i would like to know why you are expecting down move during FEB. Is there any other reason except biggies pull it down just to get some extra favours in the budget. regards nagu...

Dear Ashtrix, Dhakak, Togu, rudra_sinha & Coolboy007, WISHING YOU AND YOUR FAMILY A VERY HAPPY, PROSPEROUS & MOST PROFITABLE NEW YEAR 2010. I wish to inform you that recently I have undergone a wonderful course provided by ART OF LIVING FOUNDATIONS. Shree Shree Ravishankar is spearheading this campaign and it is for all of us to derive benefit out of the same. The course name is “ART OF LIVING – PART I”. This is giving us a learning in Breathing Exercises and Yoga including meditation. Continuous practicing of this simple exercises at home every day morning between 5.30 A.M. to 6.00 A.M. can give us lot of benefits like Excellent Health, Stress management, Positive Energy which will result in wonderful wealth and excellent harmony in the Society. I would suggest you & your family members to please try this course for yourself and feel the difference in your everyday life. Like in Stock Market, you are advising us to enhance our wealth, this course will take you to a better health and mental peace.. You can google “art of living”, can visit the web site and find out about the nearest centre in the place where you are living. This will make a positive difference in your life.. WISHING YOU AND YOUR FAMILY A WONDERFUL HEALTH & SUPERB WEALTH IN THE YEAR 2010 and the years ahead. Thanks & Kind Regards. Sai … ...

Wish you all a VERY VERY HAPPY AND PROFITABLE 2010. best regards nagu...

radhika ,
does moderator exists????
Is he potent???
Is he responsible and aware???
does he know what is an abuse???
what are fake ids????...

ramdeo ji,
I have read the MMB code of conduct its being posted for further reference.Its not a jungle raj and we dont belong to community of abusers.Abuse is unacceptable .Creating a false picture to lure others is also unacceptable.While some boarders are abusing openly there are others who create a false picture to FOG out others to lure them into their web.When ever i will see some one doing that i will express myself and appeal to the boareder in the language he understands the best.I am not doing the moral policing but i am a responsible boarder.Name calling, berating. belittling and unparliamentary language on board is uncalled for.
Ethical conduct for the posts are being reproduced.I havent found joe tom indulging in unethical behaviour.The choice of him to write here and not is entirely his.I like his posts and his calls since long long time regards
dhakak
Please ensure that your post


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...

Nagu.
Please write an email to the coustomer greivance explaning them your exact fear of token number.Also mention to them that you have kept the token key in sound and healthy position .I suggest you tell them since you trade in options it is imperative for you to log in every day and they should issue you another token at earliest(i understand each token has life time of two years}.Also I suggest that enquire from them what are the warning signs that token needs to get changed.I suggest in writting you put up a received copy of your querry to the nearest reliance money office.Write a line that you understand that there may be 4-5 days delay in getting a new token released from bombay headoffice and if it leading to any financial loss in your position then you are not responsible for the delay in token number issued to you by relaince money.You must repeatedly raise this querry with local office and the coustomer greivance cell.They will respond in some manner then take your problem from their.I understnd that rs 200 is required to be sent for issue of new token and the time lag is 4 days and you are unable to trade those days.
dhakak...

RADHIKA JI POSITIVITY WILL GENERATE POSITIVITY.I am sure all your freinds will come back...

Congratulations Mam for your profits...

GOOD NEWS RUDRA...

Nodick ji,
pl dont say that.I am though not a personal beneficiarry of his any of his calls but he gives a holistic and birds eye view of economic enviornment in his messages .It benefits several of us.He also is able to point out certain stocks which as along term investor i find useful.
If you approach him on any problem he finds time and replies to you.You have to remeber he retired also from services and his trading is his hobby and passion .He started from the MMB where he developed so many freinds.He needs to interact with them .Several professional traders are/ were giving calls on the board.We may choose to track or ignore them but that does not mean we throw abuses at them.Yes object when you find manipulation or when you find them giving a very wrong perception but that should be in adignified manner and with reasons.
Joe sir is man of dignity and word.I have seen him refusing money when his blog members suffered losses for the month.He also gives discount to people of specific category.
Please dont be judgmental .You should not feel alarmed by his sucess .God will also give you success.
regards
dhakak...

NO DICK JI ACHAY ACHAY LOGON KAY STOP LOSS HIT HO JATAY HAIN VAISAIY YEAH BHI HO GAYA kAUN BADI BAAT HAI.Aaap nay to nahin suni unki .Aaap sarafat say paish aain.Joe sir is human and market is trcky .Please dont abuse. Pl dont call names.Your such posts are disliked and dont throw you good light.Personal issues are not settled in such manners.There is a decorum.Pl maintain them
regards
dhakak...

Nodick ji,

I dont agree the way you address the senior boarders like joe tom sir.He is not only elder to you but also more knowledable than many of us.He retired from services doing honorable job to the indian navy.He has every right to propogate himself and seek affilliatory needs from this board as both you and i have .
You disagree .You may even give a counterargument and project your point of you but please dont pollute the board by name calling and abuses.
Sir ji,
jaban ka aur kalam ka istemal soch samjh kar karna chahia.Aap to samajhdar hAi
dhakak ...

Dear Monsadas,

I rated your message with stars as you not only delineated the men from the boys but also laid down the positive attributes of each o them.
It was very thought ful of you to include
nagu75 best in option writting
sn vaish in in techniqual
Malyali as class apart and also not to forget Joe tom and kadiyali.

I want to add that techniqually there are few other names prominently missing but I do agree that impact players of MMB team are surely vaish ji ,nagu who have widely influenced the way people think and invest in stock market in positive way.
Few names missing and who have influenced my investment behaviour and are also utility players are Radhika ji and rupesh and sheer in art of communication Ashtrix.
Another aspect of MMB members in the few names you took is that few of them are also excellent human beings beside being thorough in their field
regards
dhakak...

rupesh ji very well siad and for FOG Its important to defogg and it comes through light of knowledge only.
Dealing with FOG(DEFOGGING)- Well its important to have detachment while trading and as much objectivity through knowledge, techniqual analysis, lateral reading self research and guidance of senior reliable and objective MMB members. As fog disappears with light similarly this Fog also disappears with light of knowledge .It is not easy it comes with practice and experience and with knowledge of stock market.
.
Kindly identify your feelings when you enter the trading decision and try to minimize, reduce and eliminate them .

FEAR-a- I have missed out the market rise now I have to just join it.(Fear of having missed out or left out/ fear of abandonment)
b- I have waited too long in this stock I must jump out of it at earliest opportunity.
c- I must leave my position / REDUCE MY position as I have earned sufficiently.
d- Market will fall tomorrow so I must exit today.

Obligation-a-I am trying to live up to blog writers expectations
b- I have to be faithful to blog leader he knows the best
c-I f I don’t enter the trade my blog leader will think I have betrayed him ..
d- I have been so long with him so why should I desert him when going is tough.
e- I have been married to this share I will not sell it.
f-I am faithful to the company I will not sell it .
g- I am in love with this share
h- This is excellent dividend paying company so what if its buisness prospects are falling.

Greed-a-I should wait longer it will go up (nifty/stock)
b-nifty will fall and puts will give hefty profits
c-This share is in momentum and I will make quick buck.
d-This share is hitting circuits I will buy it.
e- It’s a gold mine (penny share)

Like this friends one can figure out ones FOG issues recognize them and note them down in piece of paper and slowly work on them to eliminate them so that we reduce emotions and improve objectivity
Hope it helps and doubts are welcome and I will try my level best to clear them
regards
dhakak
...

Friends in continuation to the FOG Issues which i had mentioned in my post to Nagu i would like to further ellaborate on this for common benefit of all the boarders.
fear=F
obligation=O
greed=G
These are the the three prime emotions (FOG)that govern our trading behaviour.Rather these are the three hot buttons when ever they are pressed we act submissively or in a self defeating manner.
I further explain them one by one with example.Lets take first fear.Fear Acts on the traders mind several times when likes of messages comes that "nifty goining to fall to 3270 levels".All the naive or inexpirinenced investors and all the greedy traders gather in a herd believing the message and either sell thier profitable position or buy the nifty puts for making a kill and the result is that they suffered losses and september 2009 is a month of that behaviour seen in the investor community.
They possibly never bothered to check the relistic nifty support and resistance levels or never interpreted the cues of persistent inflow of the FIIS money into the domestic market just before the period and due to FOG button being pressed their reality testing was altered and just as you cant see in FOG THE ROAD AHEAD they too failed to see the trap and fell into loss .What was very obivious which was that nifty was making higher tops and higher bottoms and bit of consolidation occurs in all the market and is very healthy and necessary for any growth in the market.
At the same time some manipulators(desperators) on the board who wanted to make quick buck started writting repeated messages on the MMb board for the green investors(new ones)and pressing their FOG issues they made hefty money in their blogs and many unsuspecting investors fell in that trap.Nifty never had a serious fall in september and consolidated well before touching 5150 in october.Majority of naive and less experienced traders suffered the loss and lost thier profitable positions Due to their fear and obligation to follow the senior boarder or blog opener and greed of making quick money.So you see how the FOG buttons work and is detrimental to you as a healthy investor.So now lets recognize the following issues in one self related to each Fear,Obligation ,Greed(fog)emotion and please realize and elliminate them.It is not easy it comes with practice and expeience and with knowledge of stock market though reading , techniqual analysis and discussion for which this board provides ample oppertunity to each of us and for which several senior and well intentioned boarders are also present.
Following thoughts OCCUR when you are trying to invest or trade in the market.Each emotion will be covered in the different category and you honestly answer the question and note the answer
FEAR
1- I have missed out the market rise now I have to just join it.(Fear of having missed out or left out)
2- I have waited too long in this stock i must jump out of it at earliest opperunity.
3- I must leave my position/ REDUCE MY position as i have earned sufficiently.
4- MARKET WILL FALL TOMORROW SO I MUST GET OUT OF IT.
Obligation-
1-I am trying to live up to blog writters expectations
2- I have to be faithful to my blog leader
3-I f i dont enter the trade my blog leader will think I am bad.
4- I have been so long with him so why should i desert him
5- I have been holding this share for such along why should i sell it.
6-I am faithfull to the company why should i sell the share
7- I am in love with this share
8- This is exellent dividend paying company so what its falling buisness prospect
Greed
1-I should wait lonfer
2-nifty will fall and puts will give hefty profits
Like this freinds one can figure out ones FOG issues recognize them and note them down in piece of paer and slowly work on them to elliminate them so that we reduce emotions and improve objectivity
Hope it helps and doubts are welcome and i will try my level best to clear them
regards
dhakak
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