Escape's Options Trading Diary - Phase 2

[TraderRavi]

Ravi, i have office and can not access net much before 1:30PM ..... not even regular trading. I like the way escape does his/her trading and like to do some chitchat with him about trade. AM NOT HERE TO GIVE ANYBODY TRADING TIP .

And escape I exite my 2 lots at 74 as it did not look like we r going to hit 6020 future.

its ok.....

 

[trdstudent]

Today I'm not comfortable. Seems like I'm chasing market. I should stick to my S/R level based trading.

It's ok hppnd with everybody .... do u trade future ? Coz the last mnt upmove..... u can get some extra brownie if u do :thumb:

 

[augubhai]

That's good.
Today I'm not comfortable. Seems like I'm chasing market. I should stick to my S/R level based trading.

On some days, all S/R get broken. Those are the days with big moves, where you can make big money. Watch out for those days.

 

[escape]

Bought 4 lots of Nifty 31Jan2013 CE 6000 @ 56.50, SL 49.00, CMP 56.20 (R) NIFTY showing support @ 6012.

 

[zuma]

its not 6100 call ...i think its 6000 call ....

 

[escape]

its not 6100 call ...i think its 6000 call ....

Thank you for pointing out. Corrected.

 

[escape]

Bought 4 lots of Nifty 31Jan2013 CE 6000 @ 56.50, SL 49.00, CMP 56.20 (R) NIFTY showing support @ 6012.

Exit @ 64.25, profit of 7.75 points, less brokerages.

 

[escape]

Bought 4 lots of Nifty 31Jan2013 PE 6100 @ 81.00, SL 73.00, CMP 82.50

 

[augubhai]

Bought 4 lots of Nifty 31Jan2013 PE 6100 @ 81.00, SL 73.00, CMP 82.50

SL seems a bit wide. I thought support is at 77.

 

[escape]

SL seems a bit wide. I thought support is at 77.

That's initial SL around 10% lower than cost price. You are absolutely correct 77 should be ideal SL.