Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of last session.

Intraday (Naked) trade:
NIFTY 30May2013 PE 6000 (B) 20000 @ 1.03 (S) 20000 @ 00.99, P/L -650
NIFTY 30May2013 PE 6100 (B) 5000 @ 22.66 (S) 5000 @ 24.84, P/L +10,900

Naked Positions Holding Overnight:
None

Strategy Based Trade - May Series: Closed
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, EXIT 624.50
NIFTY 30May13 PE 5500 (B) 900 @ 5.15, EXIT 0.0
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, EXIT 175.95
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, EXIT 0.00
NIFTY 30May13 CE 5900 (S) 300 @ 285.70, EXIT 224.05
NIFTY 30May13 PE 6400 (S) 200 @ 228.00, EXIT 275.95
NIFTY 30May13 PE 6600 (S) 100 @ 366.00, EXIT 475.95

Realized Return On Strategy Trades: -7,015


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, I let positions to be closed by Exchange. Observed EXIT rates (exchange/average rates) were little higher than LTP. In between series, at once I was having profit of 8K+, but I kept it on hold and later on added position (I guess combination were not correct, need to work on add-on). If I would have kept my original position with out any addition till end, I would have ended result in positive. Anyway, ended Strategy result in negative, but gave me little more insight and confidence in strategies.

On Intraday (Naked) trade, did multiple trades in NIFTY 30May2013 PE 6000 and PE 6100.

In this series, I had biggest loss in single trade (as I kept NAKED position open for more than 2 weeks), but then with 4-5 good trading sessions, I recovered all losses and ended series/month in positive.

Overall ended this series/month in Green

 

[Jeareh]

Hi Escape,

You started full time trading?
Making realy good and correct entry and exit.

Happy Trading.

 

[escape]

Hi Escape,

You started full time trading?
Making realy good and correct entry and exit.

Happy Trading.

Dear Jeareh,

Good to see your post.

Not trading full time, still based on time availability.

For last 1 week or so, was little aggressive to recover my earlier loss. Also made some changes in my trading style and rules, and luckily got good trades.

Regards,
Escape

 

[soft_trader]

Good to see that you are maintaining this diary regularly. I am glad to know that you are in profit this month. May I know how much profit you made % wise.

 

[escape]

Good to see that you are maintaining this diary regularly. I am glad to know that you are in profit this month. May I know how much profit you made % wise.

Dear soft_trader,

Yes maintaining this diary regularly helps me to keep track as well as I get valuable feedback from others.

In terms of profit percentage it is around 11.50% this month.

Happy Trading.

Regards,
Escape

 

[timepass]

Realized Return On Strategy Trades: -7,015

Learning/Remark:
In between series, at once I was having profit of 8K+, but I kept it on hold and later on added position (I guess combination were not correct, need to work on add-on). If I would have kept my original position with out any addition till end, I would have ended result in positive. Anyway, ended Strategy result in negative, but gave me little more insight and confidence in strategies.

In terms of profit percentage it is around 11.50% this month.

Since this 11.5% has come from intraday trades, maybe you should also consider exiting legs in a strategy. Adding to the positions is one thing, keeping a SL for various legs can also be a part of the strategy.

 

[soft_trader]

Dear soft_trader,

Yes maintaining this diary regularly helps me to keep track as well as I get valuable feedback from others.

In terms of profit percentage it is around 11.50% this month.

Happy Trading.

Regards,
Escape

11.5% is a really good profit. keep it up

Do you trade only in Nifty?

All the best for your trading :thumb:

 

[escape]

Since this 11.5% has come from intraday trades, maybe you should also consider exiting legs in a strategy. Adding to the positions is one thing, keeping a SL for various legs can also be a part of the strategy.

Dear Timepass,

Thank you for suggestion, I'll surely think about them.

Happy Trading.

Regards,
Escape

 

[escape]

11.5% is a really good profit. keep it up

Do you trade only in Nifty?

All the best for your trading :thumb:

Dear Soft_trader,

Yes, currently trading only NIFTY Options.

In between once a while, a do trade in CASH equities.

Coming month, I'll be starting commodities in the evening.

Happy Trading.

Regards,
Escape

 

[trdstudent]

wow!! Coming from big -ve to a +ve close of 11.5% is realllllyyy cool :thumb:
gr8 going escape . And as TP said, try to keep SL for various legs .I also blv it will boost ur prft mrgn .... gr8 trding :clapping: