Questions from an Options trading trainee.?
I'd like to start trading surrounded by the Options market but I hold a long way to study past I start. I have several books written by an assortment of authors and the optionetics videos and books from ebay.I would appreciate some proposal please.
1. Any recommendations on Gann books to read?
2. Recommendations on software esp if it's free but if, what is the most comprehensive?
3. Are there any programs or websites where on earth you can make dummy/practice trades to see exactly how to do it and what your outcomes may be from the strategies you own used.
Cheers.
Answers: <<<1. Any recommendations on Gann books to read?>>>
Sorry, I can't back there.
<<<2. Recommendations on software esp if it's free but but for, what is the most comprehensive?>>>
Free:
The CBOE Options Toolbox
http://www.cboe.com/LearnCenter/Software...
Most comprehensive (but way overpriced IMHO) for non-professionals
http://www.optionvue.com/OV5.aspx
Very possible priced and widely recommended:
Peter Hoadley's software
http://www.hoadley.net/options/options.h...
<<<3. Are there any programs or websites where on earth you can make dummy/practice trades to see exactly how to do it and what your outcomes may be from the strategies you hold used.>>>
I agree with the suggestion for the CBOE virtual trading site.
1. There's a book of this type for sale on ebay right immediately -- search for "Gann options"
In nonspecific, for book searches, purely go to amazon -- their go through engine os awesome for books.
2+3. I've always lately used excel for this. There are two tricky bits: one, you don't really know what prices contracts actually traded at so you completion up using opening or closing prices; and two, don't forget commissions (which are much more straightforward currently than when I lost my shirt playing options)
Excel is pretty easy to use to set up formulas. Actually, I prefer it to modeling software written by someone else because while working through the problem take more work, you end up construal what is going on much better.
My bottom-line advice -- you will dislike intensely this -- unless you have a giant computer cattle farm and $10M, just forget option and learn investing.
Valueline Options Survey
There be a book I used that just planned all the risk trading strategies, but the Valueline web site have everything you need
You don't necessitate 10 million or a giant computer, just a nouns top.
I don't get involved within fancy trading techniques, I merely buy naked call and puts, I watch them amazingly closely and always hold stop losses. Its better to buy options that hold a lot of volume because I've found diaphanously traded options enjoy a huge spread between the bid and ask price, meaning you buy the contract at .80 ($80) but can just sell it at .60 ($60). Also you almost never have need of to hold an option to expiration, you any trade it because it went down and hit your stop loss or you supply because you made 150% 200% 300% whatever. Stop losses are apposite because the prices can move very like a shot down and if your not watching you can lose a lot. At some point if you made seriously on a trade you may think that you made your money and in attendance is better opportunities presently for your investment capital so its time to get rid of. Usually keep some puts and call because you can hedge if the open market goes up or down. I find fancy trading strategies cost more restrict profit and raise the break even point.
The Chicago Board Options Exchange have a lot of information on trading option also and they have a virtual trading platform that you can practice in need using real money.
Can u let somebody know me which paragraph is apposite for me within stock broking company or AMC?
i m pursuing mba and i have done b.com , nsdl- depository operation module as a certified trainer , possessions market hawker module , derivative market supplier module , AMFI , IRDA , NCFM begineer module and i have 1 and partly year exp. in financial souk in jaipurAnswers: start beside stock broking firm then shift to mumbai & merge AMC.
certainly a amc will do flawless...
Reliance IPO-What is the limit for retail investor?
Answers: IPO opening on Jan 15th 2008 and closing on Jan 18th 2008 , just 4 days of availability
Price : 405 to 450 Rs
lot sizem:15 stocks
the max Retailers can apply for?
>>With the limit of 1 lac and not more than that for retailers its 225 stocks which is the max bid they can apply for
and min bid of 15 stocks. I know you will do the math of multiplying it with 450 and say it exceeds the price ,
>> but you guys need to put in 5 percent discount if you take into picture that dicsount then 225 is the max we can apply.
Max. limit per retail investor is Rs. 100,000. min. will be known only on Jan 15th as the application form comes out.
for retailers it has an option of 25 % payment and also of a 10% discount.
Limit is 1,00,000/-
But you just need to pay 25% of bid amount now.
Retail investor can invest
maximum amount = Rs.430 x 225 shares =96750
and mimimum amount = Rs430 x 15 shares=6450