Escape's Options Trading Diary - Phase 2

[appy050]

Thanks.
i had a doubt here. should i place a stop loss to the price below the purchase price.
from your post i confirmed it can be anything.

SL hit @ 36.50, profit of 1.50 points, less brokerages.

 

[escape]

Thanks.
i had a doubt here. should i place a stop loss to the price below the purchase price.
from your post i confirmed it can be anything.

Appy050, yes initial SL are normally below the Buy rate (in case of Long), once it moves certain level up, you can trail it up. Make sure move SL in one direction only.

 

[escape]

Bought 2 lots of Nifty 28Mar2013 PE 5600 @ 42.10, SL placed @ 39.45, CMP 42.50

 

[escape]

Bought 2 lots of Nifty 28Mar2013 CE 5800 @ 35.85, SL placed @ 33.15, CMP 35.60

I'm in sandwich situation. :annoyed:

 

[escape]

Bought 2 lots of Nifty 28Mar2013 CE 5800 @ 35.85, SL placed @ 33.15, CMP 35.60

I'm in sandwich situation. :annoyed:

Exited @ 34.84, loss of 1.00 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 28Mar2013 PE 5600 @ 42.10, SL placed @ 39.45, CMP 42.50

SL hit @ 39.45, loss of 2.65 points, less brokerages.

 

[preethnfo]

how to find support resistance levels , by using which levels theory.

 

[escape]

how to find support resistance levels , by using which levels theory.

Dear Preethnfo, there are lots of way to find S/R levels. I prefer either using support/resistance line or trend lines. Others options are using Pivot calculations.

 

[escape]

Bought 2 lots of Nifty 28Mar2013 CE 5800 @ 38.15, SL placed @ 34.25, CMP 38.40

 

[escape]

Bought 2 lots of Nifty 28Mar2013 CE 5800 @ 38.15, SL placed @ 34.25, CMP 38.40

Added two more lots @ 37.40.

So holding 4 lots @ 37.80, SL placed at 34.75, CMP 37.00