NIFTY 5700 PUT OPENED AT 13
CLOSED AT 23
IF NIFTY FUTURE BREAKS 5948
THEN ULTIMATE TARGET 5700
NIFTY 5700 PUT NOW @ 23
WILL BE 110
Friday, May 31, 2013
6 Reasons Option Traders Fail
Bad habits to break
to improve your option trading
Why Traders Fail
It’s a common question – Why do so many new option traders go bust before they even learn the business?It’s not easy to become a profitable trader. In addition to learning that which must be learned, there’s the perpetual problem of fighting bad habits or allowing certain personality traits to get in the way of making sound trade decisions.
Basically, there are a lot of things that can go wrong which destroy a person’s chance to become a successful trader.
Independent trader and blogger Mark Minervini recently spelled out to Charles Kirk of The Kirk Report why many option traders never find success.
Kirk: Why do you think most traders fail?
Mark Minervini: Here are six reasons:
#1. Poor selection criteria; usually based on personal opinion, theory or tips and bad advice
#2. They don’t stick to and commit to an approach; style drift
#3. They don’t cut their losses – the top mistake made by virtually all investors
#4. Don’t know the truth about their trading – they fail to conduct in-depth post analysis of their trade results
#5. Treat trading as a hobby and not a business
#6. Want too much too fast; learning a skill takes time
There’s a lot of important meat in those few lines of text.
We all recognize that it’s not easy to cut losses, but I firmly believe that this results in more grief for traders than anything else.
What causes a trader to suffer a big hit?
I believe that it’s the unwillingness to accept that a trade is not working, and that it’s not likely to get any better if held longer.
Under those conditions, losses mount.
The only way to prevent that big loss is to cut it off at its knees — and the time to do that occurs when it’s a much smaller loss.
The difficulty is sacrificing the possibility that the trade would turn profitable.
My advice: Get over it. Many trades will be unprofitable. That’s a fact of life for a trader.
I understand that on a rare occasion a gap opening may do irreparable damage, and not provide an opportunity to take the small loss. However, that’s also a preventable occurrence.
If the damage is too great, then the position was too large. It’s that simple.
Mark Minervini’s tips and my comments may seem simple. That’s because they are simple — and that simplicity makes people doubt their importance.
How many of us look at trades after the position is closed?
How many dissect the entire trade in an attempt to find out what was done correctly and what mistakes were made? Very few.
A mistake is not a trade that loses money.
A mistake is making a decision that was clearly incorrect at the time, but the trader was unable to see it.
Another mistake is avoiding a trading plan and not doing postmortems on your trades.
Admittedly, that takes time. However, if you take trading seriously, and do not consider it to be a hobby, you must recognize there’s work to be done.
Mistakes are part of the game. Making the same mistake repeatedly is not. At least it’s not part of any successful trader’s game.
Mark Wolfinger has been a professional options trader since 1977. He was a CBOE market maker from 1977 through 2000 and has been an author and educator since 2000. Mark has written four books and writes the Options for Rookies blog.
BEST TIPS IN NIFTY OPTIONS
BUY GIVEN IN NIFTY 6000 PUT @ 90
TARGET 110
MADE A HIGH OF 109.50
PROFIT RS. 1000/-
Sensex sinks 455 points, biggest loss in 14 months
The BSE Sensex and the Nifty fell over 2 per cent on Friday, marking
their biggest single day percentage fall since March 2012 as lenders
such as ICICI Bank reeled after economic growth data came in line with
expectations, dashing hopes the RBI would cut interest rates next month.
Reserve Bank of India Governor Duvvuri Subbarao's comments on Thursday that retail inflation is still high, and several upside risks to inflation remain were also seen adding to an already cautious mood.
The Sensex closed at 19,760, down 455 points or 2.25 per cent, while the Nifty declined 138 points to end at 5,986. The rupee hit an 11-month low and traded at 56.73 to the dollar.
"This was inevitable. More cuts are likely. The market is not in a strong bull run. Levels of 5,820-5,800 are possible on the Nifty," Shardul Kulkarni of Angel Broking said.
Rate sensitive stocks saw strong selling pressure, led by the Bank Nifty, which fell 2.6 per cent. Index heavyweights - ITC and Reliance - closed with deep cuts weighing on markets.
Among banking stocks, PSU lenders such as Bank of Baroda and Punjab National Bank were the top losers.
In-line GDP data for the March quarter failed to lift sentiments on the Street. India's economy grew 5 per cent in 2012-13, its lowest rate in a decade.
Gross Domestic Product grew at 4.8 per cent in the quarter ending March 31. The manufacturing sector grew an annual 2.6 per cent during the quarter while farm output rose just 1.4 per cent.
European shares traded with deep cuts though Japan's Nikkei bounced 1.7 per cent at the end of its worst week in over a year.
(With inputs from Reuters)
Reserve Bank of India Governor Duvvuri Subbarao's comments on Thursday that retail inflation is still high, and several upside risks to inflation remain were also seen adding to an already cautious mood.
The Sensex closed at 19,760, down 455 points or 2.25 per cent, while the Nifty declined 138 points to end at 5,986. The rupee hit an 11-month low and traded at 56.73 to the dollar.
"This was inevitable. More cuts are likely. The market is not in a strong bull run. Levels of 5,820-5,800 are possible on the Nifty," Shardul Kulkarni of Angel Broking said.
Rate sensitive stocks saw strong selling pressure, led by the Bank Nifty, which fell 2.6 per cent. Index heavyweights - ITC and Reliance - closed with deep cuts weighing on markets.
Among banking stocks, PSU lenders such as Bank of Baroda and Punjab National Bank were the top losers.
In-line GDP data for the March quarter failed to lift sentiments on the Street. India's economy grew 5 per cent in 2012-13, its lowest rate in a decade.
Gross Domestic Product grew at 4.8 per cent in the quarter ending March 31. The manufacturing sector grew an annual 2.6 per cent during the quarter while farm output rose just 1.4 per cent.
European shares traded with deep cuts though Japan's Nikkei bounced 1.7 per cent at the end of its worst week in over a year.
(With inputs from Reuters)
Thursday, May 30, 2013
BEST STOCK OPTIONS TIPS, NIFTY OPTIONS, BANKNIFTY OPTIONS
BUY GIVEN IN BHARTI AIRTEL 320 CALL
@ 8.50
TARGET 10
TARGET DONE
PROFIT RS. 1500/-
Tuesday, May 28, 2013
Monday, May 27, 2013
BEST TIPS IN NIFTY OPTIONS, BANK NIFTY OPTIONS, STOCK OPTIONS
BANK NIFTY 13000 CALL GIVEN @ 60
TARGET 100
MADE A HIGH OF 92
CENTURY TEXTILES 300 CALL GIVEN @ 5.60
TARGET 8,10
FIRST TARGET DONE @ 7.90
PROFIT 2000/-
APOLLO TYRES 90 CALL GIVEN @ 1.3
TARGET 1.8, 2.2
FIRST TARGET DONE
PROFIT RS. 2000/-
NIFTY 6100 CALL JUNE GIVEN @ 80
TARGET 100
TARGET DONE
PROFIT RS. 1000/-
BUY GIVEN IN TCS 1480 CALL @ 14
TARGET 20
TARGET DONE
PROFIT RS. 1500/-
Thursday, May 23, 2013
Tuesday, May 21, 2013
BEST TIPS IN STOCK OPTIONS
BUY GIVEN IN DISHTV 170 CALL @ 1.7
TARGETS 2, 2.25, 2.75
ALL TARGETS DONE
PROFIT RS. 4000/-
BUY GIVEN IN BHEL 210 CALL @ 3
TARGETS 4, 7, 9
FIRST TARGET DONE
PENDING FOR ALL TARGETS - TIME TILL FRIDAY
PROFIT PROFIT RS. 1000/-
Sunday, May 19, 2013
Saturday, May 18, 2013
JACKPOT CALLS IN NIFTY OPTIONS, BANK NIFTY OPTIONS, STOCK OPTIONS
CALLS FROM 16-05-2013 TO 17-05-2013
BUY J.P. ASSOCIATES 90 CALL @ .45
TARGETS 1, 2, 2.5
FIRST TARGET ACHIEVED
PROFIT RS. 2000/-
AWAITING FOR FINAL TARGETS
BUY LUPIN 820 CALL @ 10
TARGET 14
TARGET DONE
PROFIT RS. 2000/-
BUY RELINFRA 420 CALL @ 14
TARGET 20, 24
PARTIAL PROFIT BOOKED AT 18
PROFIT RS. 2000/-
BUY BANKNIFTY 13400 CALL @ 146
TARGET 200, 250
PENDING...........
Thursday, May 16, 2013
BEST TIPS IN NIFTY OPTIONS, BANK NIFTY OPTIONS & STOCK OPTIONS
NIFTY DOUBLE CALL OPTIONS
BANG ON TARGET
RANBAXY 460 CALL @ 10
TARGET DONE AT 14
BANK NIFTY DOUBLE CALL OPTIONS
It's all jackpot calls
BUY GIVEN RELIANCE 820 CALL @ 16
TARGET 24
TARGET DONE
"if you cannot make MONEY now
you will never"
Tuesday, May 14, 2013
TIPS IN BANK NIFTY OPTIONS, STOCK OPTIONS
BUY IDEA 130 CALL @ 3.35
TARGET 3.75, 4, 4.5 SL 2.5
SECOND TARGET DONE
BUY BANK NIFTY 12700 PUT @ 290
TARGET 350, 400 SL 250
TARGET DONE @ 394
BUY JUBLIFOOD 1100 CALL @ 25
TARGET 35, 45
PENDING
Monday, May 13, 2013
BANK NIFTY CALL OPTIONS, STOCK OPTIONS CALL, BEST TIPS IN CALL OPTIONS & PUT OPTIONS IN INDIA
CALLS FROM 08-05-2013 TO 09-05-2013 - RESULTS ON 13-05-2013
POSITIONAL CALLS
money can be made only through positional calls
BUY BANKNIFTY 12800 CALL @ 187
TARGET 300
PROFIT @ 286 = 2475/-
BUY HDFC BANK 700 CALL @ 15
TARGET 20
PROFIT 2500/
BUY KARNATAKA BANK 160 CALL @ 8.5
TARGET 10.50
PROFIT 8000/-
BUY RPOWER 85 CALL @ 2.5
TARGET DONE 3
PROFIT RS. 2000/-
Wednesday, May 8, 2013
TIPS IN STOCK OPTIONS, NIFTY OPTIONS, BANK NIFTY OPTIONS - A GATEWAY TO YOUR FINANCIAL FREEDOM
BUY GIVEN IN LICHSG 250 CALL @ 7.5
TARGET 8.5, 9.5 SL 6
ALL TARGETS DONE
INTRADAY CALL
Tuesday, May 7, 2013
BEST TIPS IN STOCK OPTIONS AND BANK NIFTY OPTIONS IN INDIA
STOCK OPTIONS
PERFORMANCE
FROM 05/05/2013 - 07/05/2013
BUY CENTURY TEXTILES 300 CALL @ 7.50
TARGET 8.50, 9.50, 10 SL 5.50
ALL TARGETS DONE
TODAY DOUBLED THE CALL OPTION @ 17
BUY PFC 200 CALL @ 4.35
TARGET 4.75, 5.25 SL 3
ALL TARGETS DONE
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BUY KARNATAKA BANK 180 CALL @ 3.15
TARGET 3.45, 3.75
ALL TARGETS DONE
BUY BHARTIAIRTEL 330 CALL @ 8.45
TARGET 10,11,12 SL 7
ALL TARGETS DONE
BUY BANKNIFTY 12300 CALL @ 289
TARGETS 350, 400
ALL TARGETS DONE
07-05-2013
BUY BANK NIFTY 12500 CALL @ 250
TARGETS 300,350 SL 200
FIRST TARGET DONE & PENDING FOR SECOND TARGET
BUY ITC 330 CALL @ 8.45
TARGETS 9.5, 10.5 SL 7
ALL TARGETS DONE
BUY PANTALOON 160 CALL @ 6.95
TARGETS 8,9 SL 5
FIRST TARGET DONE AT 7.90 & PENDING
BUY AXIS BANK 1480 CALL @ 49
TARGETS 59
TARGET DONE
BUY DLF 270 CALL @ 2.25
TARGETS.................
PENDING
Friday, May 3, 2013
RBI pegs 5.7% economic growth for 2013-14
RBI pegs 5.7% economic growth for 2013-14
The Reserve Bank of India sees a modest pick up in economic activity in 2013-14, pegging the GDP growth rate at 5.7 per cent.
But the central bank's outlook is significantly lower the finance ministry's forecast of 6.1 to 6.7 per cent growth during the current fiscal.
"The Reserve Bank's baseline projection of GDP growth for 2013-14 is 5.7 per cent...The bank's current assessment is that activity will remain subdued during the first half of this year with a modest pick-up in the second half, subject to appropriate conditions ensuing," RBI said in its annual monetary policy review for 2013-14.
India's economy grew by 5 per cent in the last fiscal, lowest in a decade, on account of poor performance of manufacturing, agriculture and services sector.
Planning Commission Deputy Chairman Montek Singh Ahluwalia described it's the RBI's projection as "pessimistic".
"Reserve Bank is clearly more pessimistic than the government is. I think that the government forecast as of now is feasible. Critically what matters is, how effective we are in restoring the momentum of investment in the large projects", the Plan panel deputy chief said.
The Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged.
Further, the central bank said it expects inflation to hover broadly around the 5.5 per cent mark in the current fiscal and will deploy "all instruments at command" to bring it down to 5 per cent by March next year.
India's headline inflation in March fell to its lowest in more than three years at 5.96 per cent, but the consumer price index remained elevated at 10.39 per cent.
But the central bank's outlook is significantly lower the finance ministry's forecast of 6.1 to 6.7 per cent growth during the current fiscal.
"The Reserve Bank's baseline projection of GDP growth for 2013-14 is 5.7 per cent...The bank's current assessment is that activity will remain subdued during the first half of this year with a modest pick-up in the second half, subject to appropriate conditions ensuing," RBI said in its annual monetary policy review for 2013-14.
India's economy grew by 5 per cent in the last fiscal, lowest in a decade, on account of poor performance of manufacturing, agriculture and services sector.
Planning Commission Deputy Chairman Montek Singh Ahluwalia described it's the RBI's projection as "pessimistic".
"Reserve Bank is clearly more pessimistic than the government is. I think that the government forecast as of now is feasible. Critically what matters is, how effective we are in restoring the momentum of investment in the large projects", the Plan panel deputy chief said.
The Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged.
Further, the central bank said it expects inflation to hover broadly around the 5.5 per cent mark in the current fiscal and will deploy "all instruments at command" to bring it down to 5 per cent by March next year.
India's headline inflation in March fell to its lowest in more than three years at 5.96 per cent, but the consumer price index remained elevated at 10.39 per cent.
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dips and intraday corrections should be buying opportunities.
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past performance of the week - best tips in stock options, bank nifty options, jackpot calls, nifty options - create wealth with small capital
CALLS OF THE WEEK * * * MONDAY TO FRIDAY * * *
BUY APOLLO TYRE 95 CALL @ 3.50 TAR 4, 4.5 SL 3
TARGET DONE
BUY DISHTV 70 CALL @ 2.55 TAR 3, 3.5 SL 2
TARGET FAIL
BUY BANKNIFTY 12800 CALL @ 247 TAR 300, 350 SL 200
FIRST TARGET DONE
BUY BATA INDIA 740 CALL @ 25 TARGET DOUBLE
MADE A HIGH OF 45
BUY TATAGLOBAL 150 CALL 4.75 TAR 6,7 SL 4
PENDING
BUY INFY 2300 CALL @ 45 TARGET DOUBLE
MADE A HIGH OF 55
BUY RELIANCE 820 CALL @ 12 TAR 15, 18 SL 7
MADE A HIGH OF 16
BUY RELCAPITAL 370 CALL @ 20 TAR 22, 24 SL 17
TARGETS DONE
BUY STER 100 CALL @ 2.60 TAR 3, 3.5 SL 2
FIRST TARGET DONE
“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”
JACKPOT CALLS ARE IN-TACT
NO MATTER WHAT
JUST HOLD......
JUST HOLD......
JUST HOLD......
JUST HOLD......
JUST HOLD......
JUST HOLD......
“We must be willing to let go of the life we planned so as to have the life that is waiting for us.”
"dream big
you will achieve
have patience
have faith
trust yourselves as you trust in GOD"
WWW.rajkamalstockoptions.com
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