Escape's Options Trading Diary - Phase 2

[escape]

It was difficult day to trade. There was moment, but not great momentum. Somehow able to close day positive. After some time, will be able to see if after paying charges, ST, is it positive or negative?

 

[escape]

Here is log as of last session.

Log:
NIFTY 25Oct12 CE 5600.00 (B) 900 @ 177.79 (S) 900 @ 178.18 (P/L) +351.00

Result:
After deducting all charges: Rs. +53.89

Capital Status (Since September):
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 34327.16 (-10672.84 )

Learning/Remark:
Although I was always on right side of market, but did't able to realize profit. Initially tried on breakout, but later realized there is no enough movement, so tried trade on support levels. At few instances, I kept SL too close and after hitting SL, it moved 5-8 upside. Don't know why, but felt it was difficult day to trade.

 

[prakash2010]

Here is log as of last session.

Log:
NIFTY 25Oct12 CE 5600.00 (B) 900 @ 177.79 (S) 900 @ 178.18 (P/L) +351.00

Result:
After deducting all charges: Rs. +53.89

Capital Status (Since September):
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 34327.16 (-10672.84 )

Learning/Remark:
Although I was always on right side of market, but did't able to realize profit. Initially tried on breakout, but later realized there is no enough movement, so tried trade on support levels. At few instances, I kept SL too close and after hitting SL, it moved 5-8 upside. Don't know why, but felt it was difficult day to trade.

It was not a day to trade.

Absolute sideways market.No need to trade in options.

Options should be sold on both sides.Thats the way to trade.

 

[Jeareh]

Hi,

One can not wash out the option trade in sideways market. The exit is important. Exit with little or small return. Its like quick entry & exit.

 

[escape]

Bought Nifty 12OCT2012 PE 5800 @ 112.75, SL 106.90 CMP 113.15

 

[escape]

Bought Nifty 12OCT2012 CE 5700 @ 118.45, SL 112.90 CMP 118.30

 

[escape]

Bought Nifty 12OCT2012 PE 5800 @ 112.75, SL 106.90 CMP 113.15

SL hit @ 106.75, loss of 6 points, less brokerages.

 

[escape]

Bought Nifty 12OCT2012 CE 5700 @ 118.45, SL 112.90 CMP 118.30

Exit @ 119.90, profit of 1.45 points, less brokerages.

 

[escape]

Bought 4 lots of Nifty 12OCT2012 PE 5800 @ 102.60, SL 96.90 CMP 103.15

 

[escape]

Bought 4 lots of Nifty 12OCT2012 PE 5800 @ 102.60, SL 96.90 CMP 103.15

2 Lots exit @ 106, profit of 3.40 points, less brokerages.
SL for remaining 2 lots 107.25, CMP 107.70