Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of yesterday, no trade today.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5800 (B) 7000 @24.66, (S) 7000 @ 25.00, P/L 2,380


Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 250 @ 346.00, LTP 467.30
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -30,325


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

On Positional (Strategy) trade, no change today.

On Intraday (Naked) trade, None

On holding positions, exited NIFTY 25Jul2013 PE 5800.

 

[aditya14]

I took a 25k loss today in Opto when it crashed 30% in 10 minutes but since i had a SL I took smaller loss than I would have had.

Instead in Infosys earnings I took 3 times profit and this is how you trade.Take big winners and small losers.

And one more thing don`t trade immediately after big loss as your mind is never in right frame(I know the fighter instincts tell you go for it but resist...) and most times lots of mistakes happen.Instead take some days off and trade light to get confidence back.

 

[DanPickUp]

I took a 25k loss today in Opto when it crashed 30% in 10 minutes but since i had a SL I took smaller loss than I would have had.

Instead in Infosys earnings I took 3 times profit and this is how you trade.Take big winners and small losers.

And one more thing don`t trade immediately after big loss as your mind is never in right frame(I know the fighter instincts tell you go for it but resist...) and most times lots of mistakes happen.Instead take some days off and trade light to get confidence back.

Dear friend

There is no general rule about how to handle such situations. That is really each persons personal choice and experience. So trying or even demanding absolute advises on it is out of our way and not recommended, even I know your helping attitude.

Take care and good trading / DanPickUp

 

[aditya14]

[/U][/I]

Dear friend

There is no general rule about how to handle such situations. That is really each persons personal choice and experience. So trying or even demanding absolute advises on it is out of our way and not recommended, even I know your helping attitude.

Take care and good trading / DanPickUp

Completely agree everyone has own mentality and one has to discover the beast within by themselves.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 25Jul2013 CE 6100 (B) 1000 @ 14.25 (S) 1000 @ 16.00 P/L 1,750
NIFTY 25Jul2013 PE 6000 (B) 5000 @ 20.00 (S) 5000 @ 23.60 P/L 17,500


Naked Positions Holding Overnight:
None

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 300 @ 372.70, LTP 533.85
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -48,345.00


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

On Positional (Strategy) trade, Sold one more lot of NIFTY 25Jul2013 CE 5500.

On Intraday (Naked) trade, did NIFTY 25Jul2013 CE 6100 and NIFTY 25Jul2013 PE 6000

On Naked Positions Holding positions, None.

 

[ganeshams]

good to see you back on track

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 25Jul2013 PE 6100 (B) 13350 @ 30.97 (S) 13350 @ 33.27 P/L 30,705


Naked Positions Holding Overnight:
None

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 300 @ 372.70, LTP 533.85
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -63,345.00


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

On Positional (Strategy) trade, No change.

On Naked Positions Holding positions, None.

On Intraday (Naked) trade, traded NIFTY 25Jul2013 PE 6100.

 

[healthraj]

Thank you both for advise.
This month I'm terribly went wrong.
Expect for keeping watch on Strategy, I will take break from "Intraday" and "Naked Positions Holding Overnight" trading until this weekend.

@Trdstudent,
I do understand.

Happy Trading

Regards,
Escape

Good decision not todo Naked Options Trading.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 25Jul2013 CE 6000 (B) 2000 @ 60.75 (S) 2000 @ 43.60 P/L -34,300


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5700 (B) 2000 @ 36.50, LTP 31.00
NIFTY 29Aug13 PE 5800 (B) 5000 @ 48.20, LTP 48.20


Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 300 @ 372.70, LTP 502.65
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -38,985.00

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

On Positional (Strategy) trade, no change today.

On Naked Positions Holding positions, added NIFTY 29Aug13 PE 5700 and NIFTY 29Aug13 PE 5800, aiming it to EXIT by Friday or Monday.

On Intraday (Naked) trade, traded NIFTY 25Jul2013 CE 6000, didn't gave opportunity to exit and lost yesterday's profit completely.

 

[timepass]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 25Jul2013 CE 6000 (B) 2000 @ 60.75 (S) 2000 @ 43.60 P/L -34,300
....
On Intraday (Naked) trade, traded NIFTY 25Jul2013 CE 6000, didn't gave opportunity to exit and lost yesterday's profit completely.

Did you keep averaging and later book loss ?? In the last days of the series the options lose premiums very fast, so averaging fails often. If you are going by averaging strategy then in the last week trade the next month's options.