Escape's Options Trading Diary - Phase 2

[escape]

The exchange in Singapore will give an idea where your market is opening, as they have a Nifty future market which trades before your market opens. But as you not can place pre market orders in India, you would need an account over there.

Yes, SGX Nifty gives us direction. Getting account over there is not possible. I'm not sure if it is legally allowed for Indian citizen to get account there without proper approval from SGX authority.

 

[escape]

Here is log as of last session.

Log:
NIFTY 25Oct12 CE 5600.00 (B) 100 @ 118.75 (S) 100 @ 112.25 (P/L) -650.00
NIFTY 25Oct12 PE 5800.00 (B) 400 @ 99.43 (S) 400 @ 101.96 (P/L) +1012.00

NIFTY 27Dec12 PE 5600.00 (B) 100 @ 71.00 (On hold, being part of strategy based Option trade)


Result:
After deducting all charges: Rs. -6,835.31

Capital Status (Since September):
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 25103.40 (-19896.6 )
Open Position Value: 75*100 = 7,500

Learning/Remark:
It could have been better day, provided I would have taken care of SL.
Based on situation, need to change SL strategy too.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 104.45, SL 100.45, CMP 104.55

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 104.45, SL 100.45, CMP 104.55

System behaved odd, ideally it should have hit SL, but didn't

 

[escape]

System behaved odd, ideally it should have hit SL, but didn't

Squared-off @ 91.50, loss of 12.95 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 101.70

Exit @ 101.50, loss of 0.20 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 93.90, SL 89.25, CMP 94.90

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 93.90, SL 89.25, CMP 94.90

SL hit @ 89.00, loss of 3.90 points, less brokerages.

 

[TheDreamer]

Your mindless trading in expiry day will fatten the pockets of your broker... you should wait for a proper direction to trade. The option writers are very happy this month due to people like you.

 

[escape]

Your mindless trading in expiry day will fatten the pockets of your broker... you should wait for a proper direction to trade. The option writers are very happy this month due to people like you.

Entry for first was good, it went around 5 points up and felt down. Due to system or my goof-up, SL didn't hit, have to restart NOW. Have to set SL again and took big hit than expected.

Thank you, I'm cautious today being expiry day.