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As Predicted Nifty Hits 8000 in 14 Days

Hope you remember that on May 12, 2016 I had written on my site and emailed you that very soon Nifty will hit 8000. My prediction came true in 14 days. Today Nifty closed at 8156.65 – in fact 8000 was achieved a couple of days back.

Let me tell you that there was no Technical Analysis involved, in fact I am NOT a TA. It was based on pure experience and logic that whatever falls will go up one day especially if its a good stock or Index. Its obvious that when Nifty is falling some of the great stocks are being sold at very attractive prices and people will rush with money when they see valuations of great stocks going down. This will lead to the rise of Nifty. So I saw an opportunity to make money.

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Today I received a very good testimonial by an expert Technical Analyst. Here is the screen shot:

Michael Testimonial 25-May-2016

Michael Testimonial 25-May-2016 – Results may vary for users – Click on the image to enlarge

If you cannot read from the image here is the text of the email:

Hi Dilip,

Just wanted to let you know that the position mentioned in my previous mail, finally went in to profit (right on futures after a few days, plus also had the benefit of time decay on sold options). What I liked about this trade is, even though I was initially in loss, I did not have to bother much as the position is properly hedged. In this particular trade, I exit with around 1.7% profit. In fact, as I am writing this mail, the market is shooting up in the futures direction, after I exit the trade with small profit. But considering tomorrow is expiry, did not want to take chances. And most importantly, I do not have the “should have” attitude.

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Why Traders Buy Calls and Puts and Lose Money

These are very kind of emails that I receive almost every day:

option buy loses money

Email received on 18-03-2016

Here is the text of the email:

Dilip,

Need your advice. Could you help me?

Before I became your subscribed member, I made the following mistake:

NIFTY 31st March Series:

Bought Put Option 7450 @ Rs. 148.80.

Bought Call Option 7800 @ Rs. 24.40 2 lots.

Today the Put Premium is Rs. 35.85.

and Call premium is Rs 7.80.

So my total loss ( 148.80-35.85) X 75 + ( 24.40-7.80) X 150= Rs 112.95X75 +16.6X150
= Rs 8,472+2,490
= Rs 10,962

Yes I made idiotic decisions for which I repent. it’s my idiocy.

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Do Not Trade To Have Fun Trade To Make Money

There are a lot of people who trade to have fun. Since life is very boring in their jobs or business the only thing that can give them some excitement is trading.

Read this email from one of my clients:

Testimonial by Uday May 2016

Testimonial by Uday May 2016

I am surprised that a strategy he paid for to learn and looks good him does not get his attention to trade because it takes 15 days to make money. Strange that people who do jobs get paid once a month. A trade that pays twice a month feels boring to him. Seems like people do not use the best gift by God to humans – their Brains. 🙂

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I am Sorry I was Not Well Nifty Looking Strong

My last email to you was “What To Do If Sold Short Options Are Losing Money” on APRIL 19, 2016.

Here is the reason why the emails stopped:

I think some of you know that a few days later I met with an accident and was hospitalized for 15 days. Luckily by the Grace of God nothing major happened. And thanks to people who WhatsApped and emailed me for a fast recovery. 🙂

I may have replied to a few, not all. I am sorry if you sent me a message but I did not reply. Please understand that I was unconscious for 2 days and not well for next 13 days. Please accept my apologies for not responding. Thanks a lot for the messages.

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What To Do If Sold Short Options Are Losing Money

In this post you will learn that shorting naked (not-hedged) options will never bring profits and will always lead to losses.

I am getting to know from various sources that even traders who have done my course are shorting options naked, means selling without hedging.

When I wrote the email that VIX will start falling after the RBI results, some people thought that it is a great time to short options without hedge because in any case the VIX will fall and they can profit.

Well the whole essence of my course is that you learn how to hedge.

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7.86% Increase in India VIX

Nifty is stable, India VIX above 17 and has increased more that 6% from previous close at 16.04. At the time of writing it had increased by 7.86%, it has dropped slightly now.

Some of you had booked profits in Strategy 1 after the RBI news helped VIX to drop significantly.

So today is a great day to enter Strategy 1 again.

We made a profit and since VIX is high we will make it again.

I do not think there is any real reason for the VIX to increase except the falling prices of crude oil.

It has tumbled 5% and it looks like the panic in commodity markets have spilled over into the equity markets as well. Otherwise there is no reason for the VIX to have increased so much today.

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How To Trade The RBI Rate Cut

We had back to back 2 volatile months and therefore some of you who have done my course may not have been able to make too much money. And it is perfectly ok, one or two months in a year can be very volatile and its accepted that the 3% target in a month cannot be met. These months teach us a lot. You may have seen that the losses are pretty small and manageable, and the best part is you do not worry about these losses as they cannot damage your portfolio.

We are traders and we have to live with it. Please remember that my strategies are not one day wonders, they are a life time wonders and you must have patience to keep trading them to make money, in fact a lot of money over a period of 8-10 years.

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10 Point Loss in Strategy 1 Please DO Not Worry

I do not run away from the fact that my strategies can lose money. Till now in this month we are in red. But we will see what can be done to get back our money and overall what may happen to our portfolio if we keep trading conservative strategies.

On the other hand some of the experienced trades who have done my course, must have traded the directional strategy and made good profits. Unfortunately not many inform me. Please let me know (via email) if you traded and made money.

Nifty from 7000 to almost 7700 in 21 days. 10% in 20 days is considered fast and not normal. This is NOT usual and Nifty cannot rise or fall 10% in 20 days more than 5 times in a year. Keep this in mind while reading this post. This is where our strategies will have issue but most of the time Nifty goes nowhere and we keep making money. 🙂

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I have been explaining for long why I do not offer my course for free, because people do not give value to anything free. This post will prove the point. This is an interesting post, nothing to do with options but human psychology. Please read and let me know what you think. There is something I have decided which you will know in the end.

Even before I started this blog, I acquired good knowledge of finance, money management, investing, stock markets etc. So whenever my friends talked about their financial advisers/bank managers giving them investing advice – I used to give them free advice – usually telling them not to go by their advice. I do not like advice from these people as most sell ULIP (Unit Linked Insurance Plans – A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan) to generate commissions. Customers make almost nil returns when these plans mature, while the agents/employees make hefty commissions. Customers realize only when these products mature. Most do not even pay the full term and close the plan in 3-4 years making huge losses.

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www.TheOptionCourse.com Copyright @ 2015 All Rights Reserved
INCOME DISCLAIMER: Any references in this site of income made from the trades by the traders taken the course are 100% correct and genuine.
I will give you their trades as proof.
However every trade depends on the trader and his level of risk taking capability and knowledge.
Moreover stock market investments are subject to market risks.
Therefore there is no guarantee that everyone will achieve the same or similar results.
My aim is to make you a better & disciplined trader with the strategies you get from it. Thank You.