Escape's Options Trading Diary - Phase 2

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 119.45, SL 116.00, CMP 119.60

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 119.45, SL 116.00, CMP 119.60

Exit @ 120, profit of 0.55 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 122.50

Exit @ 124.50, profit of 2 points, less brokerages.

 

[escape]

Here is log as of last session.

Log:
NIFTY 25Oct12 CE 5600.00 (B) 1200 @ 118.75 (S) 1200 @ 119.45 (P/L) +840.00

Result:
After deducting all charges: Rs. +590.35

Capital Status (Since September):
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 30685.64 (-14314.36 )

Learning/Remark:
Most of trades were winner, but two break-out failure trades with bigger losses put in negative zone. So in last 1-2 hour of trading session, I did multiple trades with smaller gain and quick exit. Because of this, ended my day in positive.

I should have used Friday's strategy to keep control on losses in case of break-out failure. Need to keep SL 2-3 points below breakout level rather than last support level. Let's hope I keep this in mind while trading at break-outs in future. I should keep in mind, if it hits SL, still I can re-enter later and there are always lots of opportunities to trade.

Phase 3 Preparation:
Meanwhile I'm preparing for Phase 3 backgroud, i.e. using strategies for Options trade as suggested by DanPickUp. Hopefully in next 2 weeks, it will be ready.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 138.65

Exit @ 131.75, loss of 6.9 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 106.25, SL 103.25, CMP 105.50

 

[escape]

bought 2 lots of nifty 12oct2012 pe 5800 @ 106.25, sl 103.25, cmp 105.50

sl @ 106.25, cmp 108.15

 

[escape]

sl @ 106.25, cmp 108.15

Exit @ 107.25, profit of 1.00 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 105.45, SL 103.25, CMP 106.60

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 105.45, SL 103.25, CMP 106.60

SL @ 103.25, loss of 2.20 points, less brokerages.