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Note: Before reading this article please read Greek Referendum Trading Tip Inside to better understand when we initiated this trade and how we are booking profits now.
The movement we wanted has come. It may not be because of the Greek crises but because of the China market crash. We are least bothered. We wanted a strong move and increase in VIX and we got it. A 1.75% increase in one day movement should make the long strangle profitable. It is just 5 days old, so not much premium is lost. VIX increased by 9.07% and closed at 17.79. Increase in VIX will make the long strangle profitable.
So those who listened to my advice and entered into a long strangle can book profits tomorrow morning before Nifty whipsaws (move in the opposite direction). Greed will now come into force and people will start investing in stocks anytime and Nifty will again resume its upward journey. This will kill VIX and take this profitable long strangle back into loss. This is what we do not want so just book profits, it does not matter even if it is small. The trade was for small profit or a small loss. Since we have made a small profit lets book it. Let not greed take over you. This small profit should be more than 10% of the blocked margin, and that is enough for us. Stick to the plan and you will become a successful trader.
Remember its about small profits more times than the small occasional losses. And you should be in profits almost every month.
Tip for traders who have subscribed my course: VIX has increased. The directional trade should be in profit. You can close it. Now its great time to trade our strategies. Nifty has fallen and the VIX has increased. It is perfect time to trade strategy 1, and if you are a bit risk taker you can straight away trade the strategy 2 on the put side.
It is also a great time to trade the conservative stock option trade. Many stocks have fallen – see if your favorite stock has fallen too. Options premium have increased. You have a chance to make almost Rs. 15,000 this expiry itself – and if there is a small loss we need not worry we have a plan to get back our money and still make the same profit.
So please don’t be lazy and take action now.
I hope you learned a lesson on how to take a decision when to trade from this Greek situation. Any major news will spike the VIX and make Nifty move. And then VIX will go back to normal. The idea is to take benefit of this situation. Markets will give you a plenty of opportunity to trade, just keep a look out for them. Listen to news or read newspapers and take action before it happens. Since we are not speculating we can take a calculated risk and you will see that most of the times these calculated risks will be profitable.
Important: The whole idea of this post was to teach you how to find opportunities to trade – how to manage risk and plan the trade, when to take the profits out and what to do if there is a loss. This was in NOT written to show that look I am a great trader. I am a 2-3% man and I look for small opportunities to make profitable trades. Most of the times I am successful, sometimes I am not and I am ok with those occasional small losses. No trader in this world can make profits in all the trades. The idea is to trade to make money to beat inflation and also beat average mutual fund returns of almost 15% a year. With conservative trades and occasional small bets like this we can easily achieve that.
Remember option trading will not make you rich in a day, a month or even a year. But in 5-6 years a lot of wealth can be accumulated.
I will definitely email my course subscribers you whenever there is a new opportunity. Ideas sent to them may or may not be uploaded in this site. Even if uploaded it will be after the opportunity is over.
You can pay the option course fees here.
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What you should do now1. If you have still not subscribed for my free 5 days course you can do by filling the form above. You will learn a lot about option trading.
2. If you are a new option trader, not much experienced and are making losses you can do my paid course. I recommend Nifty Conservative Option Course for beginners because it is easy to understand and easy to trade. Even a 18 year old young trader or a housewife can learn it and start trading from next day. It will help you to earn consistent monthly income without any software or speculation or stress or big risk. You will learn proper hedging strategies that works in any market condition.
3. If you are banknifty weekly options trader you can do my Bank Nifty Weekly Options & Futures Strategy Course. You will learn future and option hedging strategies that works in volatile market condition.
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Course fees: Click here to know the course fees.
Here is complete process of my course1. Once you pay I will send you the course materials for studying to your email.
2. You read and ask me questions via phone/whatsapp/email to clear doubts.
3. Then you start paper trading and still can ask me questions.
4. After about one month you can start trading.
5. Since doubts can come anytime the support will be there for one year.
Within one month you can start trading on your own. No need to depend on anyone once you are on your own.
If you have any question you can contact me.
You can read about me here and my trading mistakes here.
Dilip Shaw, Founder
INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However every trade depends on the trader and his level of risk taking capability, knowledge and experience. Moreover stock market investments and trading 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 stock trading and investing education and strategies you get from this website. Please note that I DO NOT give tips or advisory services by SMS, Email, or WhatsApp or any other form of social media. I strictly adhere to laws of my country. I only offer education on finance, investments on stock markets in the best possible way as much as I can through this website. Still, you must consult an authorized advisor or do thorough research before investing in any stock or derivative before trading any strategy given in this website. I am not responsible for any investment decision you take after reading any article given in this website. Knowledge is the only way to get success in stock markets. I try my best to give stock market investing and trading knowledge through the articles posted in this website. Thanks for visiting my website.