Sent: Wednesday, September 24, 2003 9:02
AM
Subject: Re: [sharechat] Options Morgy
40
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 -----
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
>
Find your perfect match @ XtraMSN Personals!
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