100% profit in 6 months...!

[linkon7]

Activity Today :
still feel sleepy… dow fell… we fell…
already 40 min late… doesn’t matter much
bot 5000 call at 66…
covered 4900 call at 94
sold 4800 call at 154
this will ensure more protection… if we fall further…
will shift straddle to 4800 now…
better… lower end action…
4792-4795 is the action zome….
nothing is happening…
sold the 4800 put for 145…
taking a risk of 5 points… if we go above 4800… then a bit will come from 4800 put…
what a bump up… 4815… noting much
getting 189 for the 4900 put… covered it for 190
effective cost of the 4800 straddle is 292
4900 put gave about 50 points plus not bad…
now NF is secured. AW10 was right about not waiting for 3.00 to hedge
reaction to the crr hike..was just a knee jerk one…
fell to 4760 level and recovered…just next bar
this is strange…both call and put are being written real strongly..
the straddle was cosing 292 plus..now its at 270
4800 call is being massacared…4800 put not appreciating…
squared off 4800 call.. At 129
NF is taking support at 4775…
reversed NF to long at 4780…
a dash to 4795… and nothing
back to 80s…
will reverse at 4775… also short 4800 call… minor loss…
placed reversal call at 122 for 4800 put
and 4770 for NF…
4809 entry into the bull channel
4800 was taken out…huge sell came…
placed reversal call at 132 for 4800 put now…
selling came…but market's too oversold…need a technical bounce…before we fall further…
just got a message from the broker…technical fault on nse it seems…
end of trade for me…
if 4775 gets taken, I am short… hedge 5000 call
if 132 is taken out.. Then I have my 4800 straddle…
gr8…

 

[linkon7]

will post the status...towards the evening...

 

[sumitdasjoshi]

Nifty will redy to take downside move atlest 30 points

 

[lasty66]

I was having a talk with a friend of mine and topic was the max return a person can get from this market. While he insisted that 15%-20% P.A. is the max that the best in the industry can achieve by fully protecting their capital. I begged to differ. One thing led to the other and now, he has given me his account with 2 L capital with rider that, if i can achieve 100% profit in 6 months, then entire profit is mine. However, if the capital depreciates, then i'll reimburse him the difference. If its less than 100%, we'll split it down the middle, after deducting lax liabilities. Fair enough. The challenge is on...

I decided to post the progress here so that i can later reflect on this for future reference. It'll also help him track the current position of his money.

Question arises...is it feasible? will i end up paying him from my pocket ? will i end up touring Europe with my family with the fruit of 6 month's labour ?

linkonji.... All the best in ur endevour.....it is possible to make 100% with ur expeirnce .... but Europe tour with ''1 lac'' is definitely not possible....

 

[linkon7]

linkonji.... All the best in ur endevour.....it is possible to make 100% with ur expeirnce .... but Europe tour with ''1 lac'' is definitely not possible....

bro..its a tgt of 2.5 L...
or what ever i make in 6 months...IF it's above 2 L

 

[sumitdasjoshi]

Heylinkion how much you made today

 

[linkon7]

Heylinkion how much you made today

Had closed the terminal and went for my daughter's admission. And i could not close my positions. Its a very bullish position thats open right now and if market decides to gap down on monday... then i am screwed...royally...!

 

[sumitdasjoshi]

Hey linkion what indicater you use for over bought and oversold

 

[linkon7]

scrip cost present diff profit/loss
4800 CE (Feb) - -
4800 PE (Feb) 145.00 95.00 50.00 5,000.00
Nifty Futures 4,568.00 4,886.00 318.00 31,800.00
5000 call (feb) as hedge 84.00 77.00 (7.00) (700.00)
5000 call (feb) as hedge 66.00 77.00 11.00 1,100.00
Total = 37,200.00
profit realised from options = 75 points , 2 lots = 7500 /-
profit c/f = 13,650 /-


The position of the nifty straddle as of end of 29th Jan’2010

Script
4800 CE (Feb) shorted at has a current price of Rs. is at a profit of Rs.0
4800 PE (Feb) shorted at 145 has a current price of Rs. 95 is at a profit of Rs.5000
Nifty Futures short Innitiated at the averaged price of 4568 has a current price of Rs. 4886 is at a profit of Rs.31800

Total = profit of Rs. 37200

Statistics

Cost of the straddle = 145.00
present price of the straddle = 95.00
Actual value of the straddle = (486.00)
profit on straddle = 50.00
Profit on nifty = 318.00
loss on Hedge = 4.00

total profit = 372.00

nifty calculation
sold at 4994, covered at 4780, points gained 214, -2 as brokerage, net gain of 212 points
bought at 4780, covered at , points gained -4780, -2 as brokerage, net gain of 0 points

effective cost of nifty long = last place longed, 4780 minus 212
4568


4900 call feb
sold at 156, covered at 94
156-94 = 62 - 1 = 61 points

4900 put feb
sold at 183, covered at 190
183-190 = -7 -1 = -8 points

4800 put feb
shorted at 145

4800 call feb
shorted at 152 covered at 129
152-129 = 23-1 = 22


5000 call feb
bot at 84
bot at 66


Options profit
61-8+22
75

 

[linkon7]

Hey linkion what indicator you use for over bought and oversold

Plain simple guppy MMA and rsi...