Escape's Options Trading Diary - Phase 2

[escape]

It's volatility. Hitting tight SL on both sides.

I was in this situation yesterday, but managed to escape. Unsure about today.

Augubhai, left console, so didn't read your message. For last trade SL hit around 5 points below, it went below that and within few minutes reached closed to by Buy price too.

Anyway, at the end of day, seeing chart looks so easy.

 

[escape]

..... bot 6100PE at 66.85 (nf around 6055) and exite at 80.8 (nf around 6030)



...... again bot at 83 and sold at 92.35 .... escape , whr r u ??

.... last trade.... bot at 91.85 and sold 98 ....

Trdstudent, I left console, so didn't able to post replies to your earlier post.
I'm happy, you had good profitable day, all your trades were successful. Enjoy great long weekend ahead.

 

[augubhai]

Augubhai, left console, so didn't read your message.

Anyway, at the end of day, seeing chart looks so easy.

Yes, that's what happens everyday. The charts look easier after trading hours.... so I get hopeful about trading the next day.... and the next day the cycle repeats....

BTW, tomorrow is not a holiday for NSE FO

 

[escape]

BTW, tomorrow is not a holiday for NSE FO

Thank you for updating me. Guess NSE didn't updated this on their holiday calendar list.

http://www.nseindia.com/products/content/derivatives/irf/mrkt_timing_holidays.htm

So, let's get ready for tomorrow.

What's change in your strategy for tomorrow from today's learning?

 

[mkbsiva]

Thank you for updating me. Guess NSE didn't updated this on their holiday calendar list.

http://www.nseindia.com/products/content/derivatives/irf/mrkt_timing_holidays.htm

So, let's get ready for tomorrow.

What's change in your strategy for tomorrow from today's learning?

http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm

 

[escape]

Here is log as of last session.

Log:
NIFTY 31Jan13 CE 6000 (B) 400 @ 60.05 (S) 400 @ 63.13 (P/L) 1232.00
NIFTY 31Jan13 PE 6100 (B) 500 @ 81.64 (S) 500 @ 82.44 (P/L) 400.00

Result:
After deducting all charges: Rs. 1510

Learning/Remark:
For trade assuming breakout, I have reduced quantity. It saved me from bigger loss in last trade.

 

[escape]

Bought 2 lots of Nifty 31Jan2013 PE 6100 @ 93.50, SL 84.00, CMP 91.15

 

[escape]

Bought 2 lots of Nifty 31Jan2013 PE 6100 @ 93.50, SL 84.00, CMP 91.15

Added 2 more lots @ 89.75

Holding 4 lots Avg. @ 91.88, SL 84.00, CMP 90.70

 

[escape]

Added 2 more lots @ 89.75

Holding 4 lots Avg. @ 91.88, SL 84.00, CMP 90.70

2 more lot bought @ 86.50.

SL hit for all @ 84.00, loss of 6.08 points, less brokerages.

 

[augubhai]

What's change in your strategy for tomorrow from today's learning?

Learning?? Umm... let's see.

The strategy is fine. No need to change it. I just need to change myself.

Actually, yesterday would have been a super day if I kept myself under control and just followed my own strategy...