Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of last session.

Log:
NIFTY 28Mar2013 PE 5900 (B) 1650 @ 53.77 (S) 1650 @ 55.84 (P/L) 3415.50

Result:
After deducting all charges: Rs. 3,247.40

Learning/Remark:
It was trending day and I traded only in one direction, although in second half for sometime, there was some correction. At two instances, I did mistake of not EXITing and have to bear some losses.

Going forward (April 1), because of personal reason, I won't be able to dedicate much time for intraday trades at least for another 2-3 month. So I may go for longer term perspective and will have fewer trades. In case if I get day for intraday trades, I'll posting trades immediately, else by end of day.

But for now, as I want to continue my trading passion, I'm thinking for following alternatives:

1. Continue Phase 2 with fewer trades.
2. Strategy based Option trading (in fact, I'm already doing back-testing few strategies) and in case if I notice good opportunities, may take naked options for 1-2 days.
3. Increase my investment in equity and focus there only
4. See possibilities of Futures trading (so no time-decay risk)
5. Or combination of above.

Looking forward for your advise. :!

 

[escape]

Here is log as of last session.

Log:
NIFTY 28Mar2013 CE 5900 (B) 400 @ 43.00

Result:
After deducting all charges: Rs. -14.18
Overnight Position: NIFTY 28Mar2013 CE 5900 (B) 400 @ 43.00

Learning/Remark:
Although I get opportunity to EXIT, but missed. Holding it for tomorrow.

 

[escape]

Didn't able to post earlier.
Squared-off old positions in loss.

Bought 20 lots of Nifty 28Mar2013 CE 5600 @ 47.20, SL @ 47.20, CMP 56.40

 

[timepass]

Didn't able to post earlier.
Squared-off old positions in loss.

Bought 20 lots of Nifty 28Mar2013 CE 5600 @ 47.20, SL @ 47.20, CMP 56.40

It's in good profit. What's your trailing SL ??

 

[escape]

It's in good profit. What's your trailing SL ??

Didn't trailed SL, although I'm 10 point profit now. Waiting for breakout of NIFTY SPOT @ 5650.

 

[timepass]

bhai nikal ja ek baar, wapis kharid lena.. It's not looking healthy. At least put a TSL.

 

[escape]

Didn't able to post earlier.
Squared-off old positions in loss.

Bought 20 lots of Nifty 28Mar2013 CE 5600 @ 47.20, SL @ 47.20, CMP 56.40

Squared-off all @ average of 52.66, profit of 5.46 points, less brokerages.

 

[escape]

Here is log as of last session.

Log:
NIFTY 28Mar2013 CE 5600 (B) 1000 @ 47.20 (S) 1000 @ 52.66 (P/L) 5460

Result:
After deducting all charges: Rs. 5341.13

Overnight Positions:
NIFTY 25Apr2013 CE 5400 (S) 50 @ 298.00, CMP 284.00
NIFTY 25Apr2013 PE 5900 (S) 50 @ 249.00, CMP 242.00
NIFTY 25Apr2013 CE 6000 (B) 300 @ 12.90, CMP 7.65

Learning/Remark:
I should have EXITed CE 5600 bit earlier, as informed by timepass.

 

[escape]

Wishing you and your family a colorful Holi

 

[escape]

Here is log as of last session.

Log:
NIFTY 25Apr13 CE 6000 (Overnight Position - B) 300 @ 12.90 (S) 300 @ 8.40 (P/L) -1200

Result:
After deducting all charges: Rs. -

Overnight Positions:
NIFTY 25Apr2013 CE 5400 (S) 50 @ 298.00, CMP 330.00
NIFTY 25Apr2013 PE 5900 (S) 50 @ 249.00, CMP 196.00

Learning/Remark:
Still at times, I remove stop loss to put target and that hurts a lot.