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Re: [sharechat] Options Morgy 40


From: fntradingsolutions <fntrade@bigpond.net.au>
Date: Wed, 24 Sep 2003 09:02:26 +1000


Correct ASX 200 is the Share Price Index. SPI
I do trade Futures on the SPI however I trade them off an option i.e I buy a deep in the money put and then buy a futures of that.
It is safer and for me better then a stop.
As for the TA/FA debate.
Warren Buffet is the Richest Fundamental trader in the world. However it took him 15 years to earn his first Million and another 15 years to earn 30 Billion.
 
WD Gann earned $50 Million in 1929 ( 500 Million Now ) with only TA
Larry Williams is one of the richest TA Traders it took him 1 Week to earn his first Million.
Dan Zanger ( chartpattern.com ) Turned $11,000 into $42 Million in 23 months a return of ( 164,000% )
Neither use any fundamentals and since I do not have 30 years to spare I will keep my money on these Three.
Woody
 
----- Original Message -----
From: Morgy 40
Sent: Wednesday, September 24, 2003 8:38 AM
Subject: Re: [sharechat] Options

Woody,

The SPI would be the ASX SPI 200,  ?, Why would yoy trade a option as opposed to a future on the SPI ?, and I understand that with the upgrading of the mini contract SPI 50 ASX this will lend a true international flavour to this future market.Has this happened yet.

I might just mention to all who dont know, Shares magazine (aussie) is very good and has a lot of education effective to all markets, it is avilable in most bookstores of any substance and has a section on investment leverage called "Leverage" believe it or not.

Do you trade shares at all ?.

 

 

Regards

 

Morgy

>From: fntradingsolutions
>Reply-To: sharechat@sharechat.co.nz
>To: Sharechat@sharechat.co.nz
>Subject: [sharechat] Options
>Date: Wed, 24 Sep 2003 08:25:59 +1000
>
>I have found Options on the ASX to be rather illiquid. The only profitable way to trade them is daytrade, pick one or two
>and buy a put or call on breakouts. I trade Options on the SPI which are very liquid and very profitable. I also trade gold, silver and soybeans on the US markets.
>Delta: - is the value of the option in ( percentages ) to the underlying ( Futures Contract )
>Gamma: - is the change in the Delta as the Futures contract moves.
>Theta: - is the decline of the Option premium in one day if the Futures does not move
>Vega: - reflects the option price to changes in Implied Volatility.
>
>Buy a good book on options ( Louise Bedford - www.tradingsecrets.com.au )
>Open an online account ( http://www.sanford.com.au )
>Put a couple of grand in and Trade . Most likely the cheapest Options course you will ever do and usually the best.
>
>Regards Woody
>


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