Augubhai's diary and notes

[imfine]

Augubhai, JSW is eating up your profits almost everyday. Changing the strategy from long to short and vice versa is a bad strategy especially when your trades are ending up in losses.

You seem to be doing well in Nifty trading why dont you try to concentrate on it and make more money out of it.

Just my 2 cents...

can u make me understand this nilu system ? As you are saying short is still on as per nilu system which is right as you entered long in nifty at 5271 on 13th whereas it was day for short.

 

[augubhai]

can u make me understand this nilu system ? As you are saying short is still on as per nilu system which is right as you entered long in nifty at 5271 on 13th whereas it was day for short.

Sorry that my post were confusing.

Per Nilu system, I shorted Nifty futures at 5246 at 3:29 ON Thursday. I also bought a 5300 Call at 41.5 to cover the futures position. This position is still open.

On Friday, I also made some intraday trades in Nifty Futures. The intraday trades were
1. Bought Nifty at 5271
2. Reversed to short at 5239
3. Closed the intraday positions at 5239 at the end of day.

 

[augubhai]

No better ideas on JSW yet. Plan to trade SAR mode today

 

[augubhai]

shorted nifty at 5242.5

 

[augubhai]

shorted jsw at 682.5. 6 times normal qty.

 

[augubhai]

reversed to long at 684

 

[augubhai]

now long nifty at 5259

 

[augubhai]

jsw short at 680

 

[augubhai]

exited nifty at 5227

 

[imfine]

its too volatile.

seems this week is deciding one for trend to set

what you say ?