Escape's Options Trading Diary - Phase 2

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Bought Nifty 12SEP2012 PE 5800 @ 111.25, SL 106.25 CMP 109.60

 

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Bought Nifty 12SEP2012 PE 5800 @ 111.25, SL 106.25 CMP 109.60

SL Hit @ 106.25, loss of 5 points, less brokerages.

 

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Bought Nifty 12SEP2012 PE 5800 @ 114.75, SL 109.75 CMP 113.70

 

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Bought Nifty 12SEP2012 PE 5800 @ 114.75, SL 109.75 CMP 113.70

EXIT @ 135, profit 20.25, less brokerages.

Need to go out, hence exited. CMP is 142.

 

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Here is log as of last session.

Log:
NIFTY 27Sep12 CE 5500.00 (B) 400 @ 183.10 (S) 400 @ 184.29 (P/L) +476.00
NIFTY 27Sep12 PE 5800.00 (B) 200 @ 113.00 (S) 200 @ 120.63 (P/L) +1526.00

Result:
After deducting all charges: Rs. 1,823.34

Capital Status for the current month:
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 36249.33 (-8750.67)

Learning/Remark:
Traded exactly similar to yesterday's strategy. Out of six trades, four were successful and two were negative. Best part of using this strategy is mostly it keep me in same direction as market. So in case if there is big move in any direction, you may get good result. I'll continue using this strategy, so no need to keep watching Moving Averages or RSI or etc. Just buy at above breakout and trade.

 

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Bought Nifty 12OCT2012 CE 5600 @ 172.75, SL 174.75 CMP 180.00

 

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Bought Nifty 12OCT2012 CE 5600 @ 172.75, SL 174.75 CMP 180.00

Exit @ 177.75, profit of 5 points, less brokerages.
There is potential to go further up, but there was spike and my SL got hit.

 

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Bought Nifty 12OCT2012 CE 5600 @ 183.75, SL 178.75 CMP 183.10

 

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Bought Nifty 12OCT2012 CE 5600 @ 183.75, SL 178.75 CMP 183.10

Exit @ 183.90, profit of 0.15 points, less brokerages

 

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Bought Nifty 12OCT2012 CE 5600 @ 186.75, SL 189.75 CMP 192.45