Escape's Options Trading Diary - Phase 2

[escape]

nooooo escape , 32/34 is the entry for 6000CE and 36/ 39 is exite unless nifty brk its 5947/57 support or 5964/70 resistence on future .

Trdstudent, yes agreed.

 

[escape]

Bought 18 lots of Nifty 28Feb2013 CE 6000 @ 36.20

Before I can decide and place SL, it felt badly, now CMP 33.45

EXIT @ 35.20.
It was 19 lots (not 18). Loss of 1 points, less brokerages.

One time MTM was around 5k, ended with 2.4K.

 

[trdstudent]

EXIT @ 35.20.
It was 19 lots (not 18). Loss of 1 points, less brokerages.

One time MTM was around 5k, ended with 2.4K.

Don't be sorry , wht is important is that u r in green

 

[escape]

Don't be sorry , wht is important is that u r in green

Yes bro

 

[jassinko]

good to c u kicking again :thumb: Just keep an eye on future, if 5947/57 holds v r here for a up move else again ... :annoyed:

can u teach me S/R funda....how to calculate it and trade on those levels..... i burnt my fingers in tukka trading by just seeing global mkt and index heavywieights but miss many opportunities and eneterd in all wrong trade... my capital come to 45% only.... pls teach trdstudent and escape bhai.....

 

[escape]

can u teach me S/R funda....how to calculate it and trade on those levels..... i burnt my fingers in tukka trading by just seeing global mkt and index heavywieights but miss many opportunities and eneterd in all wrong trade... my capital come to 45% only.... pls teach trdstudent and escape bhai.....

Jassinko bhai, there are different ways to identify/calculate S/R. Some prefers calculating it using Pivot formula. I normally prefer drawing lines on chart.
You can refer following short video, will help you to get started:

http://www.youtube.com/watch?v=EYfXyFT6lag

 

[escape]

Here is log as of last session.

Log:
NIFTY 28Feb13 CE 6000.00 (B) 5550 @ 36.14 (S) 5550 @ 36.59 (P/L) 2475.00

Result:
After deducting all charges: Rs. 2107.00
Overnight Position: None

Learning/Remark:
As we are coming close to current series expiry, sudden surprises in price movement already started. I did two-three blunders in between, missed good EXIT and failed to put SL too. Otherwise, I would have ended with profit of around 5K.

Expecting big surprises until Expiry now. I have to be extra cautious.

Tomorrow, I may not trade in first 2 hours. I may try to trade using mobile or will skip until I'm back on my system.

 

[escape]

Bought 36 lots of Nifty 28Feb2013 CE 6000 @ 18.45, SL 16.45, CMP 19.20

 

[trdstudent]

Here is log as of last session......Expecting big surprises until Expiry now. I have to be extra cautious.

Yes ,these expiry wks can actually wash out everything :annoyed:

AND

Yes bro

it is sister

 

[escape]

Yes ,these expiry wks can actually wash out everything :annoyed:

AND


it is sister

Oops .. Sorry for addressing wrongly, Sis.
As per trading is concern, I must say you are doing really well, seen your yesterday trade result in TraderRavi's thread :clapping:.