Escape's Options Trading Diary - Phase 2

[HEM]

I have recovered all losses since Phase 1. First time ever, instead of depositing fund, I withdrew some

Very nice escape.......Congratulations......:clapping::thumb:

 

[aditya14]

So u were holding naked options 5400 PE 3000 quantity @ 37.5 overnight????? baffling trading

 

[escape]

So u were holding naked options 5400 PE 3000 quantity @ 37.5 overnight????? baffling trading

Yes Aditya14, still holding it. In fact added more.

 

[soft_trader]

Yes Aditya14, still holding it. In fact added more.

You and I are in the same boat :hug:

 

[escape]

You and I are in the same boat :hug:

Dear Soft_Trader,

I kept it on hold, as I assume at the most it will go upto 5860 and will fall back. Also on daily chart, still it is downtrend and not confirmed uptrend as of now.

Happy Trading.

Regards,
Escape

 

[soft_trader]

Intha ranagalathulayum oru kuthoogalamaa...

Trans: being(need to be) happy even in this bloody situation....

Happy trading...
Veera.

Gosh!!!! How you people pronounce such words

 

[soft_trader]

Dear Soft_Trader,

I kept it on hold, as I assume at the most it will go upto 5860 and will fall back. Also on daily chart, still it is downtrend and not confirmed uptrend as of now.

Happy Trading.

Regards,
Escape

Here is a quote from Sudarshan Sukhani about his opinion for yesterday's market.

"When a bull market starts, it builds a base. It spends a lot of time in base building—days, weeks. But this month has started on a big bang—one day gap up, second day gap up. This is hardly the nature of a new bull market. This seems to be a classic bear market rally, sharp and vicious. Like all possible analysis this one can be wrong, a relief rally was always on the cards and there is nothing out of the ordinary about the two-day move. However, the nature of the rally was surprising. " — Sudarshan Sukhani.

 

[aditya14]

Here is a quote from Sudarshan Sukhani about his opinion for yesterday's market.

"When a bull market starts, it builds a base. It spends a lot of time in base building—days, weeks. But this month has started on a big bang—one day gap up, second day gap up. This is hardly the nature of a new bull market. This seems to be a classic bear market rally, sharp and vicious. Like all possible analysis this one can be wrong, a relief rally was always on the cards and there is nothing out of the ordinary about the two-day move. However, the nature of the rally was surprising. " — Sudarshan Sukhani.

Just watch him change his position on Monday

 

[aditya14]

Yes Aditya14, still holding it. In fact added more.

I sold it for 40 with hedge of course but u take no SL ?

 

[escape]

I sold it for 40 with hedge of course but u take no SL ?

Hi Aditya,

That's good for you.

I do have Stop Loss, but not fixed. It is based on NIFTY level. Also while going Long, I go in steps, starts with 1k and increase gradually, until I comfortable with NIFTY levels, but if it crosses NIFTY level, I exit, sometime in big loss. I also trade intraday and strategies and this indirectly works as hedging, so whatever I have losses in positional naked option, I try to recover via intraday trading.

But this is my way of trading, based on my risk appetite.
It may not be suitable for others.

Happy Trading.

Regards,
Escape