ASX 0.30% $63.87 asx limited

re:#trade eto.long &short - arthur Hi Arthur ... sorry missed...

  1. 5,822 Posts.
    re:#trade eto.long &short - arthur Hi Arthur ... sorry missed your post.

    IMHO the first rule regarding trading derivatives is MONEY MANAGEMENT ... leverage offered by derivatives works both ways so TIGHT STOPS and practice discipline to pull the trigger when required.

    The second rule is to have a practiced methodology affording a NEAR TERM VIEW of the probable move in the Underlying.

    As a rule of thumb ... for a 2-3 week trade, Option selection is one-two clicks (1-2x50c) OTM with about 6-8 weeks to Expiry with plan to exit ATM at highest liquidity.

    Paper-trade and then take modest positions until CONFIDENCE to enter, manage and exit positions smoothly.

    Cheers ... tight stops.


    This is only my view ... read the red stuff.
 
watchlist Created with Sketch. Add ASX (ASX) to my watchlist
(20min delay)
Last
$63.87
Change
-0.190(0.30%)
Mkt cap ! $12.38B
Open High Low Value Volume
$63.68 $64.25 $63.30 $21.33M 333.8K

Buyers (Bids)

No. Vol. Price($)
1 4959 $63.86
 

Sellers (Offers)

Price($) Vol. No.
$63.96 638 1
View Market Depth
Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
ASX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.