Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of last session.

Intraday (Naked) trade:
NIFTY 27Jun2013 PE 5700 (B) 3000 @ 31.63, (S) 3000 @ 34.92, P/L +9,870


Naked Positions Holding Overnight:
NIFTY 27Jun2013 CE 6300 (B) 1000 @ 24.00, LTP 5.60
NIFTY 27Jun2013 PE 5700 (B) 8000 @ 30.60, LTP 27.90


Strategy Based Trade - June Series: Open
NIFTY 27Jun2013 CE 5500 (S) 300 @ 454.00, LTP 408.55
NIFTY 27Jun2013 PE 6400 (S) 300 @ 333.75, LTP 490.50
NIFTY 27Jun2013 CE 6400 (B) 300 @ 7.45, LTP 2.65

Current Unrealized Return On Strategy Trades: -34,830


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

Ended day in positive. Recovered some part of yesterday's loss.

On Positional (Strategy) trade, no change.

On Intraday (Naked) trade, I traded NIFTY 27Jun2013 PE 5700 today and add 1K to holding position too.
Didn't able to concentrate in second half, else I would have exited completely from NIFTY 27Jun2013 PE 5700 today.

 

[trdstudent]

Here is log as of last session.

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

Ended day in positive. Recovered some part of yesterday's loss.

On Positional (Strategy) trade, no change.

On Intraday (Naked) trade, I traded NIFTY 27Jun2013 PE 5700 today and add 1K to holding position too.
Didn't able to concentrate in second half, else I would have exited completely from NIFTY 27Jun2013 PE 5700 today.

keep going ...looks good .....expct a move either to 5800/10 and then may be 5730 +/- or up 5990/6000(max for the timebeing)

 

[escape]

keep going ...looks good .....expct a move either to 5800/10 and then may be 5730 +/- or up 5990/6000(max for the timebeing)

Dear trdstudent,

Thank you.
I have higher positions in PE 5700. Expecting market to fall.

Regards,
Escape

 

[trdstudent]

......I have higher positions in PE 5700. Expecting market to fall.

Yes I knw u hv 8000 PE of 5700 .Still holding the whole lot or exit some ? :thumb:

 

[escape]

Yes I knw u hv 8000 PE of 5700 .Still holding the whole lot or exit some ? :thumb:

Exited all @ 39.50. Missed big opportunity. But this is my way.

 

[escape]

Here is log as of last session.

Intraday (Naked) trade:
NIFTY 27Jun2013 PE 5700 (B) 2000 @ 44.00, (S) 2000 @ 47.50, P/L +7,000


Naked Positions Holding Overnight:
NIFTY 27Jun2013 CE 6300 (B) 1000 @ 24.00, LTP 5.60
NIFTY 27Jun2013 PE 5700 (B) 8000 @ 30.60, EXIT @ 39.50, P/L +71,200


Strategy Based Trade - June Series: Open
NIFTY 27Jun2013 CE 5500 (S) 300 @ 454.00, LTP 307.55
NIFTY 27Jun2013 PE 6400 (S) 300 @ 333.75, LTP 598.00
NIFTY 27Jun2013 CE 6400 (B) 300 @ 7.45, LTP 1.85

Current Unrealized Return On Strategy Trades: -37,020


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

Ended day in positive.
Missed big opportunity, lost patience today and thought third attempt to reach 39 would be final, so kept all positions to EXIT @ 39.50. And then it broke upside. Anyway, I don't want to make any change in trading style because of this big opportunity loss. I'll continue current way of trading.

As of now, current status for month is positive including current unrealized loss.

On Positional (Strategy) trade, no change. It requires some action. Need to decide on it. Loss is increasing day by day.

On Intraday (Naked) trade, I traded NIFTY 27Jun2013 PE 5700 today and exited all NIFTY 27Jun2013 PE 5700 options.

 

[DanPickUp]

@Escape

As you do intraday trading, your strategy trading is not conform with it. Check that. Key is Delta.

Or do you want to completely separate them?

Take care / DanPickUp

 

[escape]

@Escape

As you do intraday trading, your strategy trading is not conform with it. Check that. Key is Delta.

Or do you want to completely separate them?

Take care / DanPickUp

Dear Dan,

For strategies, I didn't got opportunity to enter as per my planning. Got entry in one direction but missed other direction earlier.

As intraday took some time for me to learn, Strategies will take similar effort to reach certain level.

I will keep both for sure.

Happy Trading.

Regards,
Escape

 

[DanPickUp]

Dear Dan,

For strategies, I didn't got opportunity to enter as per my planning. Got entry in one direction but missed other direction earlier.

As intraday took some time for me to learn, Strategies will take similar effort to reach certain level.

I will keep both for sure.

Happy Trading.

Regards,
Escape

To bring it to the point: Build your strategy trading around your day trading. Think about it

 

[escape]

To bring it to the point: Build your strategy trading around your day trading. Think about it

Dear Dan,

That's awesome idea, but frankly speaking I don't have any idea how to go about it and manage it. Have to do study.

Happy Trading.

Regards,
Escape