Escape's Options Trading Diary - Phase 2

[escape]

damn you have the reverse problem of most traders...
you can't sit thru the profits huh?

you should have smashed your monitor today...
by the EOD you will get more profits including paying off your broken monitor!

am still sitting on my long position
26/06/2013 15:21:50, NIFTY13JUN5600CE BUY <qty> 15.97/16.00 complete
.

LTP is 51.5

hopefully guess I won't smash my lapee by the evening...
screaming "godammit I should have sqr-ed off in the morning"
....
hehe

Dear Onlinegtrash,

That's fact with me. This is 4th time in this month, I squared-off of bit early.
Today I squared-off early as it is being expiry day of series and NIFTY is currently as Resistance !!!

Happy Trading.

Regards,
Escape

 

[onlinegtrash]

Dear Onlinegtrash,

That's fact with me. This is 4th time in this month, I squared-off of bit early.
Today I squared-off early as it is being expiry day of series and NIFTY is currently as Resistance !!!

Happy Trading.

Regards,
Escape

nevermind escape... LTP is 44.3...
but am leaving the screen
the market will make me to sqr off at 35 and shoot back above 55...
if I sit before my laptop
hehe... another fun day!

 

[soft_trader]

damn you have the reverse problem of most traders...
you can't sit thru the profits huh?

you should have smashed your monitor today...
by the EOD you will get more profits including paying off your broken monitor!

am still sitting on my long position
26/06/2013 15:21:50, NIFTY13JUN5600CE BUY <qty> 15.97/16.00 complete
.

LTP is 51.5

hopefully guess I won't smash my lapee by the evening...
screaming "godammit I should have sqr-ed off in the morning"
....
hehe

You can place a trailing exit at a suitable level of your choice.

 

[onlinegtrash]

You can place a trailing exit at a suitable level of your choice.

27/06/2013 13:27:19, NIFTY13JUN5600CE SELL <qty> 74.00/74.00 complete

I exited all my calls at 74!!!

am done for this week... and my week end starts *now*

Its spooky, market behaved exactly like I said... tempted me to exit my positions
at 33/- around 12.30 and shot back above 55 and above 75... with a high of 82.9!


LTP @ 13:44 is 91 !!

Its super hard to call the tops of options on expiry volatile day...anyways super awesome day!
-----
@soft_trader
Having trailing stop is actually a mistake...
no trailing stop will survive today, anyone with trailing stop strategy would have missed the big move...
interestingly stops always hurt the performance. (I use stops only for systemic damage control!).

 

[escape]

27/06/2013 13:27:19, NIFTY13JUN5600CE SELL <qty> 74.00/74.00 complete

I exited all my calls at 74!!!

am done for this week... and my week end starts *now*

Its spooky, market behaved exactly like I said... tempted me to exit my positions
at 33/- around 12.30 and shot back above 55 and above 75... with a high of 82.9!


LTP @ 13:44 is 91 !!

Its super hard to call the tops...anyways super awesome day!

That's awesome profit

 

[healthraj]

Hi,

Are you using the OptionsChain data for Trading with the Options?
Looking for some help to develop a tool for Trading with options.

 

[escape]

Hi,

Are you using the OptionsChain data for Trading with the Options?
Looking for some help to develop a tool for Trading with options.

Dear Healthraj,

No specific tools.
I'm using NIFTY chart to determine longer term S/R and using sort of Sell Straddle strategy or other strategy.

Happy Trading

Regards,
Escape

 

[escape]

Here is log as of last session.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 27Jun2013 CE 5600 (B) 3000 @ 24.94, (S) 3000 @ 46.00, P/L 63,180
NIFTY 25Jul2013 PE 5400 (B) 3000 @ 37.50, LTP 32.50

Strategy Based Trade - June Series: Closed
NIFTY 27Jun2013 PE 6400 (S) 400 @ 506.30, (B) 400 @ 759.00, P/L -1,01,088

Realized Return on Strategy Trades: -36,221.00
Current Unrealized Return On Strategy Trades: -


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

On Positional (Strategy) trade, Closed series strategy with loss. Since day one, I had issue with strategy in this series, didn't got correct entry, didn't exited correctly even on last day. Let's see if I can do better in July.

On Intraday (Naked) trade, no trade done today.

On holding positions, exited NIFTY 27Jun2013 CE 5600 with good profit. Although later in day it went very high, but I'm sure I couldn't have hold until then cause of expiry being today. Today was 4th instance in this month, when I exited in first 30 min and price shoot up very high after 1 PM.
Also added NIFTY 25Jul2013 PE 5400 today, seems it is wrong decision.

Overall this was exciting series for all Strategy, Intraday and Naked overnight positional trades. Ended series in Green. I have recovered all losses since Phase 1. First time ever, instead of depositing fund, I withdrew some

 

[augubhai]

Great :clap:

When I grow up, I want to be like you. :lol:

 

[escape]

Great :clap:

When I grow up, I want to be like you. :lol:

Dear Augubhai,

You are also doing good, much faster then me of course.
Today you rocked.

Happy Trading.

Regards,
Escape