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Trading: Still not sure what is my favourite instrument.
Posts: 155 since Jul 2009
Thanks Given: 464
Thanks Received: 112
I remember attanding one of Manesh's webinars and the same question was put across to him in that webinar. This is what he had said at that time " Why trade stocks that ties up a lot of capital when you can do the same with less capital in options. By doing options, the risks of a heavy capital is eliminated."
He also gave an example that "if one wanted to buy 100 shares of a company, lets say @ $20/- per share X 100 shares the cost would be $2,000/-. With 50% margin requirement, one would need $1,000/- at least. On the other hand, with options, one could buy a $20/- strike for only $210/- which could control 100 shares. This is approximately 20% of what would be required to trade as a margin money."
I personally do not trade stocks / options, so I will not be able to throw more light on this subject though.
Thanks
SteveM
Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
Trading: Still not sure what is my favourite instrument.
Posts: 155 since Jul 2009
Thanks Given: 464
Thanks Received: 112
Hey Diem
Just wondering if you have taken Manesh's class yet or no. In case you did, how was your experience and what would you like to share in term of his system of education for people like me who are considering taking the course in near future.
Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
I don't know about his course but I read his book and found it very strong and... inspirational.
Book:
Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis (Wiley Trading) by Manesh Patel (Jun 28, 2010)
You don't need to read every chapter about risk management and all usual stuff in this kind of books if you know about it.
But brief bullet points description of practical Ichimoku strategies was excellent.
In a matter of fact, I have even backtested it in NinjaTrader. Very inspiring.
It is my pleasure to welcome back Manesh Patel of E.I.I. Capital Group for another webinar presentation on Wednesday, September 12th @ 4:30 PM Eastern US.
The topic is "Psychology of Trading", and some of the items discussed will …
