Escape's Options Trading Diary - Phase 2

[escape]

what made u think that spot 6085 will break.... i took put at 6096 but booked at 6088 spot..... pls explain

Hi Jassinko, it was based on support level shown in the morning in NIFTY chart.

 

[escape]

Bought 4 lots of Nifty 31Jan2013 CE 6000 @ 104.00, SL 94.00, CMP 105.00

 

[escape]

Bought 4 lots of Nifty 31Jan2013 CE 6000 @ 104.00, SL 94.00, CMP 105.00

Exit all positions @ 101.50, loss of 2.50 points, less brokerages.

 

[trdstudent]

Exit all positions @ 101.50, loss of 2.50 points, less brokerages.

escape, why u went long at that point? Don't u think it was a better option to buy put with a 4/5 point SL eyeing on 6050(+/-) level on spot?

 

[escape]

escape, why u went long at that point? Don't u think it was a better option to buy put with a 4/5 point SL eyeing on 6050(+/-) level on spot?

Hi trdstudent, I'm trying to buy near support. When I bought, it was near support level at that time, so my risk is less. Seeing it may be wrong decision, I exited with small loss of 2.50 points.

 

[escape]

Here is log as of last session.

Log:
NIFTY 31Jan13 CE 6000 (B) 400 @ 105.38 (S) 400 @ 106.05 (P/L) 268.00
NIFTY 31Jan13 PE 6100 (B) 300 @ 108.58 (S) 300 @ 114.83 (P/L) 1875.00

Result:
After deducting all charges: Rs. 2007.03

Learning/Remark:
Even today story is similar to yesterday. I exited earlier and market moved up.
Although today I tried multiple exits in parts, still all exits were earlier.

For last trade, I'm glad I book loss earlier and didn't went for averaging too, else I would have ended today in Dark Red.

Win/Loss ratio of trade is 3:1.

Folks are there any suggestion on Target. For last two days, I have exited bit earlier and market moved there after.
One option is to Exit as normal, but reenter may be 3-4 points above last exit price (assuming breakout). Or Let it continue as it is as I'm ending day in Green.
What do you suggest, What could be other alternatives?

 

[TraderRavi]

Folks are there any suggestion on Target. For last two days, I have exited bit earlier and market moved there after.
One option is to Exit as normal, but reenter may be 3-4 points above last exit price (assuming breakout). Or Let it continue as it is as I'm ending day in Green.
What do you suggest, What could be other alternatives?

no need to change your style as long as money coming, leaving a bit earlier may be lost some profit but saved the day too, saying is dont change the winning combination.........:thumb:

 

[TraderRavi]

escape I read your diary today, what happened to 45 k capital since september ? are you in green now ?

 

[escape]

escape I read your diary today, what happened to 45 k capital since september ? are you in green now ?

Ravi bhai, You Got Me.

I lost track of same when I did some positional Option trades in between. For shorting, margin requirement were high, so I have added additional fund too. Keeping track of fund became difficult on daily basis along with overnight Open positions.

So I have decided to removed "Capital Status" from my end of day result now.

Still If I consider all intraday Options trades until now (Since September), I'm in Red (Around 11.7K).

 

[escape]

Bought 5 lots of Nifty 31Jan2013 CE 6000 @ 88.20, SL 78.00, CMP 89.00