diary of a day trader

[TraderRavi]

Nifty heading for 4800 levels ...May 2010 levels....52 week low is 4783.......

Low of this entire Bull run from Mar 2009 is 2539 and high is 6338.....

23.6% @ 5441 broken, now next target, 38.2% @ 4887......middle stopage is at 5140 level...

 

[TraderRavi]

good day for me....2K+....after many many days.....done 4 - 5 trades in nifty options...all positive on PE , one trade -4 on CE...That was +ve too but I sold quickly, its ok.....one problem remains, if you put TSL in options its bound to hit. if not then your position can become red, its catch 22 situation, i guess.
I bot 5300 PE @ 98.... then @ 118 ,I put TSL @ 109...it got hit ..then zoomed to 135...:annoyed:....this way I never been able to realize full potential/juice of my trades..

 

[veluri1967]

Low of this entire Bull run from Mar 2009 is 2539 and high is 6338.....

23.6% @ 5441 broken, now next target, 38.2% @ 4887......middle stopage is at 5140 level...

Dear Ravi,

Nifty seems to be in no mood to respect fib ratios/support/resistances. Expect to witness some sparkling moves from Nifty here after pushing all technical analysts to guessing.

 

[rajgreenpeace]

good day for me....2K+....after many many days.....done 4 - 5 trades in nifty options...all positive on PE , one trade -4 on CE...That was +ve too but I sold quickly, its ok.....one problem remains, if you put TSL in options its bound to hit. if not then your position can become red, its catch 22 situation, i guess.
I bot 5300 PE @ 98.... then @ 118 ,I put TSL @ 109...it got hit ..then zoomed to 135...:annoyed:....this way I never been able to realize full potential/juice of my trades..

next bottom wud v 4800...........but i dnt care...........got 8% profit in reliance infra........:clap::clap::clap:

 

[TraderRavi]

thursday 10th feb......

bot Nifty feb 5300 long straddle @ 194 cost (Mar straddle cost is high 350.., April is @ 450)......cmp @ 183...so 11 points in loss......if Nifty goes below 5100 or above 5500 ...straddle will be in profit..its a lossing game with premiums time decay, but IMO 100 points down from here, is not far but upside target is too far.. ..looking to close it before 15th feb.......or may be friday itself.....

 

[TraderRavi]

Bad day for me ..lost in puts...earlier lost in calls...so on the wrong foot whole day....loss above 5K...and R K Global has deducted 30 /- per lot brokerage today...by mistake or what..??

 

[columbus]

In the past also ,we saw occasional sparks.

 

[Easytrader]

Bad day for me ..lost in puts...earlier lost in calls...so on the wrong foot whole day....loss above 5K...and R K Global has deducted 30 /- per lot brokerage today...by mistake or what..??

See i am no one to advice but still i feel how about looking for a strategy and then trading again. how far you will go with the losses you making everyday. Time to stop..?? or still wanna go on like this..

 

[TraderRavi]

See i am no one to advice but still i feel how about looking for a strategy and then trading again. how far you will go with the losses you making everyday. Time to stop..?? or still wanna go on like this..

for naked option, there is no strategy, you need to either guess right market direction or flow with the market. I should have sold my puts when market started rising above my buy levels...so that would be small loss...but I thought bad iip data, friday ko market girega etc.....HOPE mode is never a good thing, but we always drag long our loosing trades in hope mode and quickly take small profit in fear mode....

 

[Easytrader]

for naked option, there is no strategy, you need to either guess right market direction or flow with the market. I should have sold my puts when market started rising above my buy levels...so that would be small loss...but I thought bad iip data, friday ko market girega etc.....HOPE mode is never a good thing, but we always drag long our loosing trades in hope mode and quickly take small profit in fear mode....

I had the same feeling but now slowly it is going out fading out the reason very simple I read this article by Saint he said trade without I and one place i read You have to be robotic in trade chart says sell we sell chart says buy we buy nothing else. If the chart reading is done without an I success comes thats for sure:thumb:

Removing I is tough fear and hope they kill so its better for me to stick with No I....