Escape's Options Trading Diary - Phase 2

[escape]

SL @ 105.25 now, CMP 106.25

SL triggered, Exit @ 105.25, loss of 1.25 points, less brokerages.

 

[escape]

Bought Nifty 12SEP2012 CE 5500 @ 104.50, SL 98.00, CMP 104.35

 

[thanibee]

Why are you so obsessive buying CE's?

 

[escape]

Why are you so obsessive buying CE's?

First trade of CE was on assumption of uptrend (based on last few candles), had profit of 2.25 points.

Second trade for CE was kept at breakout of day's high, had loss of 1.25 points.

Third trade was because it was showing support at 104.15, also assumption of High-Low(on 5 min char). Still I'm in trade.

Those are my reasons, not sure about result. Let's wait and watch.
What's your view?

 

[thanibee]

Not a expert like you and was following your trades for some time. Since the market breadth is negative, I'm bearish today.

 

[timepass]

The situation will remain iffy till tomorrow, because of the political situation. No big bang moves till then, I think. Only range bound session in Nifty.

 

[escape]

Not a expert like you and was following your trades for some time. Since the market breadth is negative, I'm bearish today.

Thanibee, even I'm not expert. Trying to learn. Lets' wait and watch for result. Today it seems to be range bound like Friday, so can expect low upside/downside movement or swinging in between.

 

[escape]

Bought Nifty 12SEP2012 CE 5500 @ 104.50, SL 98.00, CMP 104.35

SL triggered @ 98, loss of 6.5 points, less brokerages.

 

[escape]

Here is log as of last session.

Log:
NIFTY 27Sep12 CE 5500.00 (B)300 @ 103.25 (S)300 @ 101.50 (P/L) -525.00

Result:
After deducting all charges: Rs -580.64

Capital Status for the current month:
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 41286.52 (-3613.48 )

Learning/Remark:
Being into sideways market, for third trade, should have exited earlier rather than waiting for 6.5 points loss.

 

[escape]

Bought Nifty 12SEP2012 CE 5500 @ 150.00, SL 145.00, CMP 151.90